18 Republican States Sue SEC Over “Unconstitutional” Crypto Crackdown
Eighteen Republican states attorneys general have filed a lawsuit against the SEC, accusing it of unconstitutional overreach in its crypto regulations. Republican States Sue SEC A joint lawsuit has been filed by Republican Attorney Generals from 18 US states against the Securities and Exchange Commission (SEC), its commissioners, and Chair Gary Gensler to address the […]
South Korea’s Crypto Crackdown To Delay Global Market Recovery
As South Korean regulators limit crypto trading and pressure exchanges to monitor unusual activities, crypto market recovery may be delayed. The South Korean regulatory crackdown on cryptocurrency has put major pressure on crypto trading and exchanges, increasing traders’ uncertainties. However, the action comes as South Korean officials work to improve regulations under the new digital […]
USDC Market Cap Decline Results from US Crypto Crackdown – Circle CEO
Circle’s chief executive officer, Jeremy Allaire, claims that the crackdown on cryptocurrencies by U.S. regulators has been a significant factor in the declining market capitalization of its stablecoin, USD Coin (USDC). Following the collapse of the FTX exchange, a banking crisis, and the momentary de-pegging of the USDC, the Circle CEO commented on U.S. enforcement […]
Huobi suspends Services For Chinese Users In the aftermath of Crypto Ban
Huobi Global, China’s most popular cryptocurrency exchange, was the first to announce the shutdown of its services in the country, this was prompted by China’s new push for a crypto crackdown. New registrations using mainland China mobile numbers have been shut down by the famous cryptocurrency exchange Houbi . For Hing Kong users, however, fresh […]
BTC, ETH and other crypto price drops as China intensifies crypto crackdown
After the Chinese government reiterated its opposition to digital assets, the entire market capitalization of all cryptocurrencies in the industry decreased by over 5% today. The Chinese government stated that “recently, virtual currency trading hype activities have increased, upsetting economic and financial order and fostering unlawful and criminal activities such as gambling, illicit fundraising, fraud, […]