The SEC introduced a proposal Wednesday that would bolster protections for customer assets being held by investment advisers, expanding it to cover crypto assets.
SEC proposes rules that would change which crypto firms can custody customer assets
The Securities and Exchange Commission voted 4-1 on Wednesday to propose sweeping changes to federal regulations that would expand custody rules to include assets like crypto and require companies to gain or maintain registration in order to hold those customer assets.
Bitcoin Sinks Below $23,000 as Crypto Regulation Scrutiny Intensifies
The broader crypto market flipped red Thursday amid more news of U.S. authorities turning their attention to the industry.
Fed’s Waller calls crypto ‘nothing more than a speculative asset’
Federal Reserve Governor Christopher Waller said Friday he views crypto as a speculative asset that's worth whatever the next person is willing to pay for it and says he, personally, wouldn't hold it.
Crypto Exchange C3 Raises $6M to Offer FTX Alternative
Two Sigma Ventures led the round for the decentralized exchange.
Washington turns hostile on crypto
A year ago, crypto successfully scraped and scrapped to get a foot in the door in Washington. But in the wake of crypto's winter, and FTX's spectacular collapse, that door has now slammed shut.
White House Cools On Crypto, And Custodia Bank Rejected By The Fed
The Biden administration released a new roadmap to “mitigate cryptocurrencies’ risks” on January 27th, and the same day the Board of Governors of the Federal Reserve System announced the decision to deny cryptocurrency-friendly Custodia Bank membership in the Federal Reserve System.
Digital Bank Revolut to Offer Crypto Staking: Report
Revolut will support staking of the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA) and Ethereum (ETH), with yields ranging to as high as 11.65%
First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K
The retail giant’s initiative, especially in NFTs, may force some regulatory clarity for digital assets. Cryptos surge in Sunday trading.
FTX Seeks to Remove Turkish Units From Bankruptcy Case
The U.S. estate of the bankrupt crypto exchange doesn’t reckon the Turkish authorities will cooperate after they seized local assets in November.