Tether responds to account deactivation controversy, raises compliance checks
    18 Jun 2023
    100 Views

    Stablecoin issuer Tether has responded to claims that it deactivated the accounts of major crypto firms, including MoonPay. Tether, the company behind market-leading stablecoin Tether, has addressed concerns regarding its operational decisions. According to documents released by the New York Attorney General (NYAG), Tether reportedly deactivated approximately 29 accounts belonging to prominent cryptocurrency players in…

    ‘We had to change strategies,’ says SEC enforcement director on recent actions: Report
    18 Jun 2023
    127 Views

    The SEC has taken enforcement actions against several crypto firms, a move that has been criticized by many U.S. lawmakers and industry leaders. Gurbir Grewal, director of the United States Securities and Exchange Commission (SEC) division of enforcement, has reportedly said the entire crypto industry was “built around noncompliance,” leading to enforcement actions. According to…