Deaton Slams Bitcoin Maxis for Backing Gensler
John E. Deaton criticizes Bitcoin maximalists for siding with SEC Chair Gary Gensler, who has been cracking down on the crypto industry. Deaton, a lawyer and founder of Crypto-Law US, a platform that defends the rights of crypto holders, has blasted Bitcoin maximalists for supporting the actions of Gary Gensler, the Chair of the Securities […]
Crypto Asset Classification: CFTC Chair vs. Former Commissioner
On crypto classification, ex-CFTC Commissioner Dan Berkowitz speaks on cryptocurrency community Asset Status. Gary Gensler, chairman of the Securities and Exchange Commission, believes all are securities with investment contracts. Using Ethereum as an example, he stated there is a “special case” where something can be both. “It can be a commodity under the CEA [Commodity […]
Montenegro Prosecutors Seeks Custody of Terra Founder Do Kwon
Do Kwon and Han Chang-Joon, the co-founder and CFO of Terra/LUNA, face an appeal from Montenegro prosecutors who want them in custody for allegedly using fake passports. Do Kwon and Han Chang-Joon, the co-founder and chief financial officer of Terraform Labs, were arrested in Montenegro last month for allegedly using false passports from Belgium and […]
Crypto Group Asks Congress to Pass Digital Asset Laws
The Chamber of Digital Commerce warns that if the U.S. does not adopt a national approach to crypto regulation, it risks losing its global leadership and dollar primacy. On May 19, the Chamber of Digital Commerce, a digital asset advocacy group with major players such as Goldman Sachs, Citi Group, Circle, and Fidelity, urged Congress […]
Philippines SEC seeks to toughen regulations on crypto industry
According to new draft guidelines, the Securities and Exchange Commission (SEC) of the Philippines wants to include crypto in its purview and toughen its control over the local cryptocurrency market. The securities regulator submitted draft regulations for financial goods and services which include encompassing cryptocurrencies and digital financial products—for public comment on January 25, the […]