Biden’s administration reportedly aims to nominate anti-crypto and anti-big bank law professor to run the OCC
Omarova has indicated that she hopes to “end banking as we know it,” but she fears that huge financial institutions can misuse the cryptocurrency market because it is not within the jurisdiction of regulators. As reported by the New York Times, the Biden administration intends to nominate Kazakhstani-American attorney, academic, and former policy advisor Saule […]
New Jersey postpones effective date of cease-and-desist order for BlockFi until December
An extension to a New Jersey cease-and-desist order for new interest accounts at crypto lender BlockFi will take effect on December 1, according to a statement released by the company on Wednesday. According to BlockFi , the New Jersey Bureau of Securities has approved the third extension of its cease-and-desist order, marking the third time […]
NBA’s Philadelphia 76ers signs Crypto.com as its official jersey sponsor
Following agreements with the UFC, Formula 1, Paris Saint-Germain, and others, the cryptocurrency exchange Crypto.com has added another sports partner. A little more than a week after announcing its first esports partner in the form of Fnatic, cryptocurrency exchange Crypto.com ‘s sports sponsorship spending spree continues with the announcement of a partnership with the NBA’s […]
SEC denies Ripple’s request for documents on ‘trading policies governing digital assets’
Despite what appeared to be an apparent victory for the SEC, Ripple’s request for records detailing the watchdogs’ “trading policies governing digital assets” was denied by Judge Sarah Netburn. It was stated in the ruling provided by attorney James K. Filan that the defendants were not permitted to obtain access to documents that would prove […]
U.S. 2016 cryptsy victims to get additional compensation
U.S. cryptsy victims who lost money in 2016 may be eligible for further recoupment, according to the FBI. Following the demise of cryptocurrency exchange Cryptsy , some former customers of the platform received a notice last week advising them of a new development in the continuing class-action lawsuit settlement process. The document, which was authorized […]