2 years ago
There’s been nary shortage of quality successful past weeks erstwhile it comes to the United States Securities and Exchange Commission (SEC) taking enactment against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is successful the aerial erstwhile it comes to seat Gary Gensler’s organization. In different news, South Sudan has reportedly banned U.S. dollar transactions, and crypto-focused concern steadfast Pantera Capital says we’re successful the adjacent bull cycle. All this conscionable beneath successful the latest Bitcoin.com News Week successful Review.
Binance CEO Warns of ‘Profound Impacts’ connected Crypto Industry if BUSD Is Ruled arsenic a Security
Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” connected the crypto manufacture if stablecoin Binance USD (BUSD) is ruled arsenic a security. His informing followed an alleged suit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD.
[Opinion] Stiffing the Staker: The SEC’s Latest Crackdown connected Crypto Innovation
The crypto satellite was jolted past week erstwhile the Securities and Exchange Commission (SEC) unopen down Kraken’s staking program, overmuch to the restitution of Chairman Gary Gensler and his team. But what does this mean for the aboriginal of cryptocurrency and, much specifically, staking?
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his institution orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from investors by creating an “interconnected suite of crypto-asset securities,” galore of which were progressive successful unregistered transactions.
Report: South Sudan Government Bans US Dollar Transactions
The authorities of South Sudan has reportedly prohibited U.S. dollar-based transactions and has directed that each section payments beryllium settled successful the section currency. The Salva Kiir Mayardit authorities reportedly said it besides wants each signed commercialized contracts to beryllium based connected the section currency.
Pantera Capital connected Bitcoin: We’re successful Next Bull Market Cycle
Crypto-focused concern steadfast Pantera Capital says bitcoin has seen its lows and “we’re successful the adjacent bull marketplace cycle.” Dan Morehead, the firm’s laminitis and managing partner, noted: “Over the long-term, bitcoin terms has been successful a secular uptrend of 2.3x annually implicit the past 12 years, connected average.”
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What are your thoughts connected the SEC’s caller actions? Should cryptocurrencies necessitate the support of 3rd parties similar Gensler’s regulatory body? Let america cognize successful the comments conception below.
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