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“# New Comptroller of the Currency announced: Will he be as good for crypto? ” The head of the U.S. Office of the Comptroller of the Currency (OCC) Brian P. Brooks has officially announced that he is stepping down on January 14, 2021. In a statement dated January 13, the organization said that Chief Operating…
“# Grayscale Investments liquidates all of its XRP … while it still can ” Institutional crypto fund manager Grayscale Investments has begun the dissolution of its XRP Trust in response to the SEC’s December lawsuit alleging the XRP token is a security under U.S. law. According to an announcement published Jan. 13, Grayscale decided to…
“# Anchorage granted US’s first national crypto bank charter ” Custody pioneer Anchorage is the first crypto firm to see a charter from the U.S. national bank regulator. Per a Wednesday announcement from the Office of the Comptroller of the Currency, Anchorage will have conditional authorization to operate as a trust institution nationally. The charter…
“# An online future for finance is inevitable, says OCC’s Brooks ” The departing leader of the Office of the Comptroller of the Currency is convinced that the future of finance is blockchain-native, per a conversation with crypto analytics firm Elliptic on Wednesday. Described by Elliptic CEO Simone Maina as “a fairy godfather to the…
“# BitMex turns to Chainalysis to solve legal woes, or at least soften the CFTC’s blow ” Still facing a courtroom assault in the U.S. for allegedly facilitating money laundering, BitMex is trying to show regulators that it’s trying. On Jan. 12, the legally besieged crypto exchange released a blog post advertising further work with…
“# Crypto exchange owner gets 10 years in prison for aiding scammers ” Rossen Iossifov, the convicted owner of the RG Coins crypto exchange platform, has been sentenced to 10 years imprisonment for money laundering. As previously reported by Cointelegraph, a federal jury in Frankfort, Kentucky found the Bulgarian national guilty of conspiracy to commit…
“# ECB president Lagarde renews calls for global regulation of Bitcoin ” The European Central Bank president Christine Lagarde has repeated her insistence that global regulators need to tighten the rules to ensure Bitcoin (BTC) falls under more coordinated oversight. In an interview at the Reuters Next conference — amid an unprecedented bull market for…
“# GateHub to continue supporting XRP despite Ripple’s legal issues ” As Ripple faces serious legal charges over its associated token XRP, many crypto platforms have decided to drop support for the coin until things are settled. However, GateHub, a United Kingdom-based cryptocurrency gateway service, has decided to continue listing XRP. According to a Jan….
“# Visa abandons $5.3B Plaid acquisition in the face of DoJ antitrust suit ” The United States Department of Justice saw a victory in a major fintech acquisition case that could set the stage for a host of antitrust enforcements. On Tuesday, the DoJ announced that Visa and Plaid had called it quits on their…
“#Watch out Wall Street, Gary Gensler tapped to head SEC” Gary Gensler appears to have won the race to be the next sheriff of Wall Street after elbowing out a centrist rival. According to multiple insiders, President-elect Joe Biden’s transition team has chosen Gensler — a former Goldman Sachs executive-turned-Obama administration financial regulator — as…