Tag Archives: sec

Shortly after legally going after Do Kwon and Terraform Labs, the US Securities and Exchange Commission asserted that the former cashed out 10,000 bitcoin after his brainchild collapsed. Kwon has been on the run ever since the crash last year, reportedly currently hiding in Serbia. As reported by Bloomberg, the latest allegations from the US securities watchdog indicate that Kwon used an unnamed Swiss bank to cash more than $100 million worth of BTC between “June 2022 and the...

The Securities and Exchange Commission (SEC) just voted to propose new amendments affecting rules around crypto asset custody in the United States – and commissioner Hester Peirce (aka “Crypto Mom”) is not a fan.  Peirce believes the proposed rules could leave crypto investors more vulnerable to theft and fraud, contrary to their intent.  Crypto Mom’s Criticisms The rule change in question would modify the Commission’s custody rule to “amend certain related recordkeeping and...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

The United States Securities and Exchange Commission (SEC) plans to propose new rules that would toughen the requirements for cryptocurrency firms to become qualified custodians for institutional fund managers. Although the draft proposal will be submitted on Wednesday, the affected area remains unclear, Bloomberg reported, citing people familiar with the matter. Crypto Firms to Face Scrutiny as Qualified Custodians According to the report, the SEC intends to submit a draft...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Jacob Blish, the head of business development at Lido DAO, the decentralized autonomous organization behind the largest liquid staking protocol, believes the recent SEC crackdown on crypto staking services could cause new challenges for decentralized finance (DeFi). According to a Bloomberg report, Blish opined that the state of crypto staking in the U.S. depends on the Securities and Exchange Commission’s (SEC) final resolution. SEC Crackdown on Staking Could Affect DeFi...

The US-based blockchain infrastructure platform – Paxos Trust Company – will stop the issuance of new Binance stablecoins (BUSD) from February 21.  Despite this, the firm said it has a “strong corporate balance sheet” and vowed to continue servicing new and existing clients. Ending the Relationship With Binance As directed by the New York State Department of Financial Services (NYDFS), Paxos will halt minting new BUSD tokens next week (February 21). However, the entity will...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.