FSC Schedules Hearing on Crypto, Digital Assets
The Financial Services Committee (FSC) of the United States has scheduled a hearing on crypto and digital assets to discuss and clarify critical issues in the ecosystem. The House Financial Services Committee chairman, Patrick McHenry, announced a full committee hearing on June 6 titled “The Future of Digital Assets: Providing Clarity for the Digital Asset […]
Gensler-themed Memecoins Surge Amidst SEC Lawsuits
Following the U.S. Securities and Exchange Commission’s (SEC) lawsuits against Coinbase and Binance, the value of several memecoins depicting the SEC and its chairman, Gary Gensler, has increased dramatically. One such token is Good Gensler (GENSLR), which increased by more than 260% following the regulator’s June 6 complaint against Coinbase for offering unregistered securities. Good […]
US SEC Files Lawsuit Against Coinbase Crypto Exchange
The Securities and Exchange Commission (SEC) of the United States has filed a lawsuit against the New York-based cryptocurrency exchange Coinbase for offering unregistered securities. Coinbase, according to the SEC lawsuit, has never registered as a broker, national securities exchange, or clearing agency, thereby circumventing the disclosure scheme for securities markets. The SEC alleged that […]
Kraken Faces Withdrawals, Deposits Delay
Crypto exchange Kraken disclosed that it was investigating a problem with some crypto funding gateways, including Bitcoin, Ether, and ERC-20, which caused operational delays to withdrawals and deposits. The status page of Kraken on June 6 stated, “Deposits and withdrawals are currently delayed. We will provide any new information as quickly as possible.” The initial […]
UK Minister Suggests Regulation for AI
According to a minister of the opposition party in the UK, artificial intelligence (AI) developers should be licensed and regulated similarly to the pharmaceutical, medical, and nuclear industries. Lucy Powell, a politician and digital spokesman for the Labour Party in the United Kingdom, told The Guardian on June 5 that companies such as OpenAI and […]