Regulation

Silvergate Capital recently settled with the SEC for $50 million, while also facing demands from Federal Reserve governors and California financial regulators for an additional $63 million in fines. The SEC’s claims against Silvergate Capital, its subsidiary Silvergate Bank, and two executives center around allegations of misleading investors regarding the strength of its BSA/AML compliance
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The cryptocurrency industry, spearheaded by influential figures like Vitalik Buterin, is facing a significant challenge in the form of regulatory uncertainty. Buterin recently highlighted a regulatory paradox that he believes is hindering the growth and integrity of the industry. He pointed out that the current regulatory framework in the US tends to favor projects with
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The recent decision by the US Supreme Court to overturn the Chevron doctrine has significant implications for the regulation of cryptocurrencies, particularly Bitcoin. Economist Timothy Peterson noted that this decision will prevent the SEC from acting as an “automatic subject matter expert” on crypto, limiting the agency’s interpretive power against Bitcoin. Peterson believes that this
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As Keisha Lance Bottoms prepares to join Joe Biden’s presidential campaign as a senior adviser, she emphasizes the significance of crypto as a nonpartisan and unifying issue. She stresses that crypto has garnered bipartisan support and has captured the attention of voters across the United States. Bottoms believes that crypto and blockchain technologies are transforming
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Paradigm, a leading firm in the crypto space, has raised concerns regarding the European Securities and Markets Authority’s (ESMA) interpretation of Maximum Extractable Value (MEV) under the Markets in Crypto Assets Regulation (MiCA). In response to ESMA’s third consultation package, Paradigm emphasized the importance of MEV in the operation of decentralized finance (DeFi) ecosystems. According
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Recently, the company Abra and its CEO William Barhydt were involved in a settlement with 25 US state regulators for providing crypto trading services without the necessary licenses. The agreement included a waiver of monetary penalties totaling $250,000 per jurisdiction in exchange for $82 million in customer refunds. Abra also agreed to cease accepting crypto
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