US targets Binance and Coinbase

theguardian.com For years, US financial regulators couldn’t agree on what to do about cryptocurrency. They wanted to do something, but couldn’t agree on what crypto was – a security, like a…

CBA Limits Payments to Crypto Exchanges, Crypto Daily TV 9/6/2023

cryptodaily.co.uk In Today’s Headlines TV CryptoDaily News: Kraken NFT marketplace launched Cryptocurrency exchange Kraken has officially launched its NFT marketplace out of beta testing,…

Crypto has had a very, very bad week

msnbc.com It seems like just yesterday that cryptocurrency was being hyped as the next big thing in expensive Super Bowl ads featuring big-name celebrities. The vibe is markedly…

Coinbase Wallet Catches SEC’s Attention In Industry-Defining Lawsuit

thedefiant.io U.S. regulators have charged against crypto’s biggest centralized platforms this week, but decentralized finance wasn’t left unscathed. Deep into the 100-plus-page Coinbase…

Crypto firms beefing up legal support amid regulatory crackdown

blockworks.co In response to increased regulatory scrutiny in the US, crypto companies have begun placing a greater emphasis on hiring legal professionals. This follows recent…

Kevin O'Leary says if Coinbase CEO worked for him, 'I'd fire him'

finance.yahoo.com If it were his choice, O’Leary Ventures Founder and Shark Tank investor Kevin O’Leary would fire Coinbase’s CEO amid the Security and Exchange Commission’s (SEC) crackdown…

Circle Appoints Former CFTC Chair Heath Tarbert New Legal Chief

pymnts.com USDC-issuer Circle has named a former regulator as its new chief legal officer. Heath Tarbert, one-time chairman of the Commodity Futures Trading Commission (CFTC), will…

Can Binance Survive the SEC's Charges?

coindesk.com And so, the question is whether Binance can continue business as usual, and whether it can really be – in the long term – a going concern. It’s an odd question, in a way, at…

Circle Hires Former CFTC Chairman Heath Tarbert as Legal Chief

wsj.com During his time as the CFTC chairman, Heath Tarbert said he believed bitcoin, the best-known cryptocurrency, falls within the agency’s jurisdiction. Cryptocurrency platform…

The stock market's breakout is getting some major new support -- for now

marketwatch.com The stock market, as measured by the S&P 500 Index SPX, , has been trying to break out above 4200 for some time, and it finally managed to do so last Friday. That breakout…

The SEC’s situationship with Binance and Coinbase keeps getting messier

techcrunch.com Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more. Welcome back to Chain Reaction. It’s been quite a long week (and it’s not over yet). Unless you…

Circle hires former CFTC, US Treasury executive as chief legal officer

cointelegraph.com Stablecoin issuer Circle has loaded its arsenal to fight the ongoing regulatory crackdown on crypto. By July 1, the role of chief legal officer and head of corporate affairs…

Gary Gensler's SEC cracks down on Coinbase and Binance

reason.com On Tuesday, the Securities and Exchange Commission (SEC), headed by Gary Gensler, sued crypto exchange Coinbase for not registering as a securities broker. The day prior,…

Former SEC Official to Crypto Owners: 'Get Out Now'

u.today Former Securities and Exchange Commission (SEC) official has issued stark warning to cryptocurrency investors, urging them to 'get out of crypto platforms now' Former…

Tuberville bill would block Chinese ownership of US crypto companies

blockworks.co Sen. Tommy Tuberville, R-Ala., introduced a bill alongside Sen. Kirsten Gillibrand, D-N.Y., that will ban companies established in China from acquiring a stake in American…

Cathie Wood says that bad news for Binance is good news for Coinbase

fortune.com Cathie Wood said Binance Holdings Ltd.’s US legal problems will benefit its rival Coinbase Global Inc. The world’s two biggest cryptocurrency exchanges are facing a…

If Coinbase CEO worked for me I'd fire him, Kevin O'Leary says

aol.com If it were his choice, O’Leary Ventures Founder and Shark Tank investor Kevin O’Leary would fire Coinbase’s CEO amid the Security and Exchange Commission’s (SEC) crackdown…

Did SEC Gensler ask Binance for advisor job in 2019?

cryptodaily.co.uk It is being alleged by Binance lawyers that Gary Gensler, current chairman of the SEC, offered his services to Binance as an advisor back in March 2019. Gensler and Binance…

Stablecoin Circle Lawyers Up Amid SEC Crackdown on Crypto

beincrypto.com Circle Internet Financial has announced the appointment of Heath Tarbert as its chief legal officer and head of corporate affairs. Tarbert, a veteran of Big Law and the…

The World Is Watching the Crypto Cat-and-Mouse

barrons.com About the author: Yiannis Giokas is senior director, production innovation, at Moody’s Analytics. Shockwaves are rippling through the cryptocurrency community. On Monday,…

Sparkling New Address Makes Massive Ethereum Withdrawal, Is Sell-off Incoming?

u.today A new address that was created earlier today is onto something worth watching on the Ethereum network. According to insights shared by crypto analytics service provider…

Circle Welcomes Former CFTC Chair, Heath Tarbert, As New Chief Legal Officer

bitcoinist.com The global fintech firm, Circle Internet Financial, responsible for the issuance of USD Coin (USDC), unveiled a significant addition to their executive team, as they…

Former CFTC head joins Circle as chief legal officer

theblock.co Circle — the company behind stablecoin USDC — has hired Heath Tarbert, the former chairman of the United States Commodities Futures Trading Commission, as its new chief…

Why the US is waging war on Binance, Coinbase

forkast.news In this issue Binance/Coinbase: Massive attack Solana NFTs: Bested by Bitcoin Hong Kong crypto: Regulatory rollout From the Editor’s Desk Dear Reader, The U.S. Securities…

Robinhood To Review Its Crypto Listing Amid SEC’s Crackdown On Exchanges

bitcoinist.com As the crypto regulatory atmosphere in the US grows increasingly cloudy, prominent stock exchanges and brokerage firms like Robinhood are beginning to rethink their…

Yellen says more crypto regulation 'would be appropriate'

foxbusiness.com Treasury Secretary Janet Yellen said Wednesday she supports regulatory oversight of cryptocurrency to protect consumers and investors. "I see some holes in the system where…

Coinbase CEO Responds to SEC Lawsuit Accusing Crypto Exchange of Securities Law Violations

news.bitcoin.com Coinbase CEO Brian Armstrong has responded to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against his cryptocurrency exchange. The securities…

Bitcoin Is Reportedly Trading At a $2k Premium on Binance.US

newsbtc.com According to sources on June 6, Bitcoin is trading at a $2,000 premium on Binance US, an exchange the United States Securities and Exchange Commission (SEC) claims is…

Republican crypto bill a ‘10x improvement’ on all others: Messari CEO

cointelegraph.com Messari CEO Ryan Selkis has praised a newly proposed Republican crypto bill, commenting it is a “10x improvement” on all other crypto bills introduced to the United States…

What’s the Difference Between the Binance and Coinbase SEC Lawsuits?

decrypt.co The U.S. Securities and Exchange Commission (SEC) has gone after two of the world’s biggest crypto brands this week, suing Binance and Coinbase and making very serious…

Coinbase CEO Takes On SEC, Igniting Crypto Community’s Passion for Clarity

newsbtc.com In a fiery showdown, Coinbase CEO Brian Armstrong confronts the Securities and Exchange Commission (SEC) lawsuit, igniting a passionate response from the crypto community.…

Cathie Wood’s ARK Invest snaps up Coinbase stock following SEC lawsuit

finance.yahoo.com While other investors piled out of Coinbase stock (COIN), Cathie Wood's Ark Invest cashed in. Wood’s flagship fund, the ARK Innovation ETF (ARKK), bought more than 400,000…

Binance Outflows Reach $790 Million Following SEC Charges

watcher.guru In what is a shocking development for the digital asset industry, Binance has seen its net outflows reach $790 million following the US Securities and Exchange Commission…

Treasury Secretary Yellen “Very Supportive” of SEC’s Anti-Crypto Mission

beincrypto.com Treasury Secretary Janet Yellen signaled broad support for US financial regulators during an interview with CNBC’s Squawk Box. The comments follow hot on the heels of this…

Coinbase CEO Explains Why SEC Legal Battle “Isn’t Good For America”

cryptopotato.com Coinbase CEO Brian Armstrong spoke at length on Wednesday about his initial reaction to the Securities and Exchange Commission (SEC)’s lawsuit against his exchange. The…

Pro-XRP Lawyer Predicts More Trouble For Binance, Potential DOJ Criminal Charges

bitcoinist.com Prominent lawyer and pro-XRP advocate, John Deaton, has recently weighed in on the ongoing regulatory crackdown against the cryptocurrency industry, specifically about the…

Janet Yellen claims crypto industry needs ‘additional regulation’ to plug ‘holes’

cryptoslate.com U.S. Treasury Secretary Janet Yellen said there is a need for “additional regulation” to ensure consumers and investors are protected from the “inherent” risks present in…

Coinbase And Binance Are in Big Trouble; One of Them Could Collapse

thestreet.com This month of June 2023 will undoubtedly go down in history as one of the most horrible for the cryptocurrency industry. In quick succession, the US Securities and Exchange…

‘Fundamental Difference’ Between SEC’s Binance, Coinbase Suits

blockworks.co The SEC slapped both Binance and Coinbase with weighty lawsuits within 24 hours — but their content appears to hinge upon markedly different legal arguments. The US…

‘Institutions Have Entered the Chat’ As CFTC Approves Chicago Board Options Exchange for Leveraged Crypto Products

dailyhodl.com The Commodity Futures Trading Commission (CFTC) has approved leveraged crypto derivatives products for the Chicago Board Options Exchange (CBOE). According to a press…

The SEC has submitted a motion requesting a restraining order to freeze the assets of Binance US

thedailyny.com On Tuesday, the US Securities and Exchange Commission (SEC) made a request to a federal court for a temporary restraining order, aiming to freeze the US assets of Binance, a…

SEC Comes for Crypto

thedailyupside.com As crypto maximalists have long suspected, Washington regulators are out to get them. The U.S. Securities and Exchange Commission filed 13 charges against Binance, which…

Yellen ‘Very Supportive’ of SEC, CFTC Crypto Enforcement

blockworks.co US Treasury Secretary Janet Yellen said Wednesday morning that in light of the recent SEC lawsuits against Coinbase and Binance, she supports American financial regulators’…

Why did the SEC let Coinbase go public?

protos.com In the wake of the Securities and Exchange Commission (SEC)’s lawsuit against Coinbase, many are wondering why the crypto exchange was allowed to go public if it was…

Cryptocurrency Exchange Binance Sued by SEC

tech.co Binance, the world’s largest cryptocurrency exchange, is now being sued by the Securities and Exchange Commission (SEC) on 13 separate charges. It certainly feels like the…

Jack Dorsey Triggers Fresh Spat Between BTC Maximalists and ETH-Led Altcoin Tribe

cryptopotato.com In the heat of SEC’s enforcement actions against Binance and Coinbase, a simple “Yes” by Jack Dorsey on Twitter elicited a flurry of comments. It all started when a Twitter…

Crypto Market Records Slight Recovery as Jim Cramer Advises Investors to Head to the Exit

beincrypto.com As Jim Cramer warns investors to exit crypto, Bitcoin and the top cryptocurrencies by market cap have seen gains on the daily charts. On Tuesday, the host of ‘Mad Money’…

South Korea Regulator Delays Binance Acquisition of Gopax Due to SEC Lawsuit

coinspeaker.com Coinspeaker South Korea Regulator Delays Binance Acquisition of Gopax Due to SEC Lawsuit The SEC’s lawsuit against Binance has started affecting the company’s operations,…

SEC vs. Crypto

inbitcoinwetrust.substack.com If you liked reading this, feel free to click the ❤️ button on this issue so more people can discover it on Substack . In my article “Gary 'Security' Gensler and the SEC…

US Congressional Hearing On Future Of Crypto Date Set

bitcoinist.com The United States House of Representatives Financial Services Committee has set the date for the hearing on cryptocurrency, aiming to address its future and bring clarity to…

Congress may be done with crypto

semafor.com The News Eight months after the high-profile collapse of FTX, there's still a lingering appetite in Congress to build guardrails for crypto. But the chances of major…

South Korean regulator delays Gopax acquisition due to Binance-SEC lawsuit

theblock.co The South Korean Financial Services Commission is delaying Binance’s acquisition of crypto exchange Gopax for reasons including the SEC lawsuit against it. The FSC has…

SEC Crypto Crackdown on Coinbase and Binance Generates 444% Spike in DeFi Trading Volumes

coinspeaker.com Coinspeaker SEC Crypto Crackdown on Coinbase and Binance Generates 444% Spike in DeFi Trading Volumes The ongoing crypto crackdown by the US Securities and Exchange…