SEC Chair Gary Gensler has taken heat from lawmakers and members of his own agency during a House Financial Services Committee hearing over his handling of crypto regulation in the United States. Source link
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Hoskinson says the Ethereum network is more like a “dictatorship” where Vitalik Buterin exerts too much influence over the development of the decentralized network. Source link
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The US Securities and Exchange Commission (SEC) has charged TrueCoin and TrustToken with fraudulent and unregistered sales of investment contracts involving the TrueUSD (TUSD) stablecoin, and lying about its backing, according to a Sept. 24 statement. TrueCoin and TrustToken agreed to settle the SEC’s charges without admitting or denying fault.…
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The proliferation of institutional Bitcoin custodians creates opportunities for MicroStrategy, according to a Benchmark analyst. Source link
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NEAR extends its 50% gain as user activity, network TVL and a critical network upgrade boost interest in the blockchain. Source link
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The US Securities and Exchange Commission (SEC) has delayed its decision to allow options trading for BlackRock and Bitwise’s spot Ethereum (ETH) exchange-traded funds (ETFs) until mid-November, according to Sept. 24 filings. The new deadlines for BlackRock and Bitwise are Nov. 10 and Nov. 11, respectively. The SEC stated it…
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The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market. Source link
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BNY Mellon is taking significant steps toward entering the crypto custody market, particularly for Bitcoin and Ethereum exchange-traded funds (ETFs), after securing an exemption from the SEC, Bloomberg News reported on Sept. 24. According to the report, BNY Mellon received an exemption from the SEC’s Staff Accounting Bulletin 121 (SAB…
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Bank of New York Mellon will not be held to SEC accounting practices for client crypto custody after a review. Source link
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Caroline Ellison, the former chief executive of Alameda Research and ex-girlfriend of disgraced crypto entrepreneur Sam Bankman-Fried (SBF), received a two-year prison sentence on Sept. 24 for her role in the collapse of FTX. The court’s ruling comes despite Ellison’s request for no prison time on the basis that her…