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” Pat Toomey blames the SEC for crypto lending platform crisis “ According to Senator Pat Tomey, famous for his vocal support for the crypto industry, the United States Securities and Exchange Commission (SEC) could have prevented the loss of $12 billion in assets by investors who trusted Celsius, a crypto lending platform, that froze…
” Fed demands Voyager remove ‘false’ claims deposits are FDIC insured “ Cypto lender Voyager Digital has been directed to remove “false and misleading” statements that its user’s deposit accounts are FDIC insured. In a joint letter written on July 28 by Seth Rosebrockfrom & Jason Gonzalez, Assistant General Counsel at the Federal Reserve and…
” Final candidates for next UK prime minister have made pro-crypto statements “ Rishi Sunak, the former chancellor of the Exchequer, and Liz Truss, Secretary of State for Foreign, Commonwealth and Development Affairs, two of the final candidates to become the next prime minister for the United Kingdom, have both previously expressed pro-crypto views. With…
” Democratic senators chide Fidelity Investments for BTC-exposed retirement funds “ Three United States senators have written to Fidelity Investments CEO Abigail Johnson demanding an explanation for the financial services company’s decision to include Bitcoin-exposed funds in its 401(k) retirement plans. “This decision is immensely troubling,” they wrote. Democrats Dick Durbin, Elizabeth Warren and Tina…
” US lawmaker calls for Apple and Google to provide info on fake crypto apps “ Senator Sherrod Brown, chair of the Senate Banking Committee, has penned letters to the CEOs of Google’s parent company Alphabet and Apple calling for the tech firms to provide information on the ways they prevent certain apps from promoting…
” Coinbase SEC investigation could have ‘serious and chilling’ effects: Lawyer “ An investigation reportedly launched by the Securities and Exchange Commission (SEC) into Coinbase’s alleged trading of unregistered securities could have a “serious and chilling effect” on crypto exchanges and token projects, according to a legal expert. Michael Bacina, an Australian digital assets lawyer…
” European banking regulator sees ‘major concern’ in retaining staff to handle crypto: Report “ The chair of the European Banking Authority, or EBA, a European Union agency that regulates banking activities, has reportedly expressed concern that a dearth of talent experienced in the crypto space could hurt its ability to overse the market. According…
” Crypto Council for Innovation hires government insiders to build leadership team “ The Crypto Council for Innovation, or CCI, a crypto advocacy group that establishes dialogues with governments and regulatory agencies on the benefits of crypto, has hired two new experts with experience in financial regulatory policy in the United States. In a Tuesday…
” Uncertainty around French laws prompted F1 racers to remove crypto branding: Report “ Many Formula 1 international racing teams reportedly removed or covered branding and logos from crypto-related sponsors in response to uncertainty around France’s advertising regulations. According to a Tuesday report from RacingNews365, Crypto.com’s logos were not on display during the French Grand…
” Hong Kong positioned as the most crypto-ready country in 2022 “ While public acceptance remains key to crypto’s existence, the road to mainstream crypto adoption requires governments to set up a supporting infrastructure that complements the requirements of the technology and the people. Factors such as crypto ATM installations, pro-crypto regulations, startup culture and…