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Ripple lawyer claims SEC is ‘exploiting legal uncertainty’ to redefine securities laws
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Biden’s bold move: White House wants crypto miners to pay 30% climate change tax
The Biden administration proposes a 30% tax on crypto miners to address climate change. Miners in the firing line According to Yahoo News, the Council of Economic Advisers (CEA,) an agency within the U.S. Executive Office of the President, is pushing for a Digital Asset Mining Energy (DAME) tax. The CEA stated that cryptocurrency miners…
Gemini launches derivative platform in 30 countries
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MicroStrategy bought $209M in Bitcoin in Q1 2023; repaid Bitcoin-backed loan to Silvergate
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Crypto industry thinks US government is trying to ‘kill crypto’
The repeated failures of crypto firms to secure regulatory approvals in the U.S. have led to a “universal conviction” among the industry that the country’s financial watchdogs are unwilling to let crypto flourish, the Intelligencer reported. According to the report, U.S. financial regulators are making it “unfeasible or impossible” for crypto-related companies to operate in…
Binance’s CZ: Crypto winning isn’t dependent on banking failures
Binance CEO Changpeng Zhao (CZ) said we should not rely on banking collapses for Bitcoin’s success. “From a crypto community perspective, we should not rely our success on the failure of others.” During a Twitter AMA, a question on banking failures benefiting Bitcoin cropped up. In response, CZ said he believes banking and crypto can…
Inside Bhutan’s secretive Bitcoin mining operation
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FDIC says Signature Bank failed due to mismanagement, risky crypto deposits
The U.S. Federal Deposit Insurance Corporation (FDIC) investigation into the collapse of Signature Bank found that the root cause of its troubles was “poor management” and risky crypto deposits. The FDIC released its comprehensive report on Signature Bank and the reasons that led to its failure on April 28. The regulator’s review covered the period…
SEC fines Up Global, Coinme $3.9M; issues C&D
The U.S. Securities and Exchange Commission (SEC) imposed cease-and-desist orders and fines upon three parties involved in UpToken on April 28. SEC names parties involved in UpToken ICO The SEC said that Up Global and Coinme — as well as Neil Bergquist, founder and CEO of both companies — were involved in a cryptocurrency securities…