Regulation

A Blockchain Expert Might be the New SEC Head

Joe Biden’s new SEC chair may be, if not an advocate, at least very knowledgeable on blockchain technology. President-elect Joe Biden will be appointing MIT professor Gary Gensler as chair of the U.S. Securities and Exchange Commission, Reuters reported. Gensler is a Professor of the Practice of Global Economics and Management at MIT’s Sloan School …

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Sentiment Turning on Ripple After SEC Action

Ripple said Monday that the SEC is planning to file a lawsuit against the company on claims that it sold unregistered securities. And while the initial reaction of many crypto enthusiasts was to side with the US regulator, the tide has begun to change. The most notabe about-face came from Messari CEO Ryan Selkis, who …

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US Regulators Propose Stablecoin Crack Down With STABLE Act

A new bill by US lawmakers has DeFi up in arms after proposing that all stablecoin issuers need to obtain a bank charter, which would potentially make much of DeFi trading and even running an Ethereum node, illegal.  “It shall be unlawful for any person to issue a stablecoin or stablecoin-related product, to provide any …

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BitMEX Charges Highlight Case for Real DeFi

CFTC charges against BitMEX are bound to push more cryptocurrency projects towards decentralization — but that means actual* decentralization. The Commission today filed charges against BitMEX and its owners and operators including CEO Arthur Hayes for operating a trading platform without CFTC approval, and for failing to implement know-your-customer procedures, a customer information program, and …

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