In a letter addressed to Securities and Exchange Commission (SEC) Chair Gary Gensler, U.S. lawmaker Ritchie Torres has called for a reconsideration of the regulatory approach towards the cryptocurrency industry. The plea from Torres comes in light of Judge Analisa Torres’s significant ruling on June 13, bringing some much-needed legal clarity to the crypto world.
Regulation
The Financial Stability Board (FSB) has recently unveiled its finalized global regulatory framework for crypto-asset activities. This framework comes as a response to the inherent volatility and structural vulnerabilities observed in the crypto industry, as well as the risks posed by the deepening connection between cryptocurrencies and traditional finance. The FSB’s main objective is to
Republican Presidential candidate Ron DeSantis has made a bold pledge to put an immediate stop to the implementation of a central bank digital currency (CBDC) if he assumes office. In an interview with Blaze Media, DeSantis expressed his deep concern about the potential threat a CBDC poses to American liberty. He vows that on his
In a recent development, a representative known as Eeon has made an extraordinary attempt to become involved in an ongoing securities case involving Binance. Eeon, alongside a group of affected customers, filed a document arguing that they should be recognized as relevant parties in the matter at hand. They claim that a court order issued
The U.S. Department of Justice (DOJ) has recently made a major move in the world of cryptocurrency. According to onchain data, they have transferred a total of 9,825 Bitcoin (BTC), which is equivalent to a staggering $302 million, to new addresses. These funds were originally seized in connection to the shutdown of Silk Road, a
U.S. Senator Tommy Tuberville of Alabama and Congressman Blaine Luetkemeyer have taken decisive action by requesting an investigation into Prometheum, Inc. The lawmakers have expressed their concerns about potential false testimony to Congress and violations of U.S. securities laws. In a letter dated July 10, 2023, Tuberville and Luetkemeyer highlighted discrepancies between Prometheum’s statements before
