Coinbase abandons plans for crypto lending product after scuffle with SEC
In its decision to withdraw its Lend product from the market after scuffle with SEC, the Coinbase alluded to the difficulty in obtaining regulatory certainty across the cryptocurrency industry. Coinbase , a cryptocurrency exchange based in the United States, has stated that it will not be continuing with its Lend crypto lending service. Coinbase explained […]
Ripple Keeps Thriving Outside U.S., Amid SEC’s Scrutiny
Despite the fact that Ripple’s legal battle with the SEC has had a negative impact on its business in the United States, the company has continued to grow outside of the country. Charles Gasparino of Fox Business has turned to Twitter to provide the information he has gotten from sources close to Ripple Labs’ top […]
Aussie crypto fund manager gets 7 years jail term for stealing $54M from investors
A fund manager was sentenced to 7 years in prison for running a $54 million Ponzi scheme. Aussie crypto fund manager gets 7 years for stealing $54M. Stefan He Qin, founder of two bitcoin hedge funds, was sentenced to over seven years in prison for defrauding investors of $54 million. The DoJ said on Sept. […]
Fidelity Investments seeks approval for its Bitcoin ETF from the SEC
Fidelity Investments, a global financial services corporation, has asked the Securities and Exchange Commission to approve its Bitcoin exchange-traded fund (ETF) in a private meeting. On September 8, Fidelity Digital Assets President Tom Jessop, six of the firm’s executives, and numerous SEC officials met in private. The finance professionals outlined a number of reasons why […]
SEC chairman Gary Gensler urges crypto firms to ‘come in and talk ‘
The chairman of the US Securities and Exchange Commission, Gary Gensler, is once again urging crypto ventures containing securities to register with the regulatory agency in order to protect investors. In a prepared statement for his hearing before the Senate Committee on Banking, Housing, and Urban Affairs on September 14, Gensler said the Securities and […]