Tag: SEC

Once again, our prediction comes true: financial regulators have rapidly increased the pressure on stablecoins. More so than cryptocurrencies in general, they view them as the main competitor to fiat money today. On September 20, speaking to a Washington Post columnist (https://www.washingtonpost.com/washington-post-live/2021/09/21/path-forward-cryptocurrency-with-gary-gensler-us-securities-exchange- commission-chair /), chair of the US Securities and Exchange Commission (SEC) Gary Gensler…

Bitcoin surged above $60,000 for the first time in six months on Friday, pushing the digital coin further toward its all-time high, as traders speculated US regulators would approve the launch of the first Bitcoin futures exchange-traded fund (ETF). The world’s biggest cryptocurrency rose 6% to its highest level since Apr. 17 at $61,488.41, according…

As we anticipated, the American and European financial systems are actively resisting the “new money”. In the US, the Treasury has joined the SEC in its efforts, and in the EU, the opposition comes from the European Central Bank. In mid-September, the US Department of the Treasury was reportedly developing guidelines for stablecoin issuers. Once…

The US Securities and Exchange Commission is gradually escalating its activity, trying to restrict the cryptocurrency business as much as possible and bring it under the regulatory norms typical for the stock market. On August 27, we learned that the US Securities and Exchange Commission (SEC) struck a $ 125,000 deal with AnChain.AI to monitor…

The conflict between Ripple and the American financial regulator SEC, which has long been a pain in the neck for the cryptocurrency company, suddenly “froze”. It seems that the regulator is losing the court case, and we are in for further XRP price increases. August 31 was the deadline for the US Securities and Exchange…

The US Securities and Exchange Commission has warned that it will sue Coinbase if it launches a new product Lend that allows users to earn interest by lending their crypto holdings. Coinbase’s CEO Brian Armstrong labeled the agency’s aggressive actions “really sketchy behavior.” According to Bloomberg, the U.S.’s biggest cryptocurrency exchange said it received a…