Coinbase CEO says the SEC was the only agency not willing to meet with the firm
The US Securities and Exchange Commission (SEC), according to Coinbase CEO Brian Armstrong, is the only government agency that refuses to meet with the company after it went public in April. Armstrong noted on Anthony Pompliano’s Best Business Show on Sept. 24 that the SEC was the “only regulator” who declined to meet with him […]
Chinese regulators unite forces to combat crypto
The Chinese central bank has established a “coordination mechanism” with state agencies in order to continue the fight against cryptocurrencies. According to state officials, the Chinese government is becoming more serious about cracking down on the cryptocurrency business, as they deploy more resources to battle cryptocurrency operations in the country. China’s People’s Bank of China […]
Kraken chief lawyer says the SEC is open to discussion on anything crypto
“I can’t support that kind of approach with regulators. It’s never been successful historically, and from our experience, we’ve found the SEC to be open to discussion,” Kraken’s chief legal officer. In the midst of a tumultuous era for certain high-profile US crypto firms and financial regulators, Kraken’s chief legal officer (CLO) is urging caution […]
Acting OCC head cautions that ‘fools gold’ in DeFi reminds him of lead-up to Great Financial Crisis
Acting OCC Director Michael Hsu warned that some crypto and DeFi financial instruments were reminiscent of those that triggered the 2008 Global Financial Crisis (GFC). However, despite the fact that cryptocurrency has mostly avoided the ravages of hacking, scams, and collapses in the past, acting OCC chief Michael Hsu warns that the risks may be […]
Securitize partners with Arca Labs to launch tokenized financial products
Arca Labs, Arca’s digital asset investment innovation arm has teamed up with blockchain technology company Securitize to offer regulated, tokenized financial products. It is the first treasury fund registered under the Investment Company Act of 1940 to issue shares as blockchain-based digital assets, according to Arca. The fund complies with the same regulatory standards as […]