CFTC Chairman on US Crypto Regulation: We Have to Rely on 70-Year-Old Case Law to Determine What’s a Security or Commodity

The chairman of the Commodity Futures Trading Commission (CFTC) says his agency and the Securities and Exchange Commission (SEC) “have to rely on 70-year-old case law to determine whats a security or a commodity.He stressed that the SEC and CFTC......

India Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens

Indija’s Directorate of Enforcement (ED) says it has frozen more cryptocurrencies, including bitcoin, privez, and the Wazirx token. The action is part of its investigation of the mobile gaming app E-nuggets. In its latest announcement, the ED revealed that nearly 86......

US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans

Več ameriških. lawmakers have introduced the Retirement Savings Modernization Act to provide 401(k) retirement savers access to a wide range of investments, including crypto assets. “With inflation at record highs, a stock market downturn, and a potential recession on the horizon,......

More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo

Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexos Earn Interest Product (EIP) may be in violation of securities......

California Governor Newsom Vetoes Bill to Regulate Crypto — Calls for ‘More Flexible Approach’

California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. Poudaril je, da “a more flexible approach is needed” do “keep up with rapidly evolving technology and use casesin the crypto sector. Bill to Regulate Crypto......

Tether Reveals USDT Stablecoin Is Now Supported by Polkadot

Tether is now live on 15 different blockchain networks, according to the companys latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoins new support follows the token being added to......

US Treasury Seeks Public Comments on Crypto-Related Illicit Finance and National Security Risks

ZDA. Department of the Treasury is seeking public input ondigital-asset-related illicit finance and national security risks.The department warned: “The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist and proliferation......

Bitcoin-Embracing El Salvador President’s Re-Election Declaration Slammed

Just over a year after overseeing El Salvadors adoption of bitcoin, the Central American countrys 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele......

US Senator Wants Congress to Step in With Crypto Guidance — Urges SEC to Provide Much More Clarity on Regulations

ZDA. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Komisija za vrednostne papirje in borzo (SEC) is not sharing its framework for regulating crypto with lawmakers, noting that Chairman Gary Gensler......

Cryptocurrency Is Virtual Property That Is Protected by Law, Chinese Court Rules

A Chinese intermediate court based in Beijing recently upheld a lower courts ruling which determined that cryptocurrency is a virtual property protected by the law. The court clarified that regulations issued by the Bank of China and others only prohibit the......