Business

Witt, White House crypto advisor, says other Clarity Act hurdles are being overcome

The White House’s top crypto adviser, Patrick Witt, said work was still underway to secure the compromise he said would advance the Digital Asset Market Clarity Act in the U.S. Senate, although he said several other items were also being worked out behind the scenes. In an interview on CoinDesk TV on Monday, the executive

Witt, White House crypto advisor, says other Clarity Act hurdles are being overcome Read More »

Bankers reject White House claim that stable coin yield does not threaten deposits

The crypto industry’s main effort in US politics – the Digital Asset Market Clarity Act – has been stuck on a point regarding stable coin yield that has little to do with the bill’s central goal of regulating US crypto markets. It remains a sticking point as bankers have fired the latest salvo to claim

Bankers reject White House claim that stable coin yield does not threaten deposits Read More »

US SEC Says Software Allowing Crypto Wallet Transactions Not Considered Broker

The U.S. Securities and Exchange Commission said software that sets up user interfaces to trade crypto securities through individuals’ wallets will not need to be registered and regulated as a broker-dealer. In the agency’s latest staff statement on crypto — now a broad slate of views intended to keep the crypto industry moving forward in

US SEC Says Software Allowing Crypto Wallet Transactions Not Considered Broker Read More »

Circle’s Allaire says USDC freezes require legal orders amid growing criticism

Circle Internet (CRCL) CEO Jeremy Allaire has offered his clearest public response yet to growing criticism of how the stablecoin issuer handles illicit funds, saying it does not freeze wallets unless there is a formal legal basis to do so. Speaking on stage at a press conference in Seoul, Allaire positioned USDC, the second-largest dollar-pegged

Circle’s Allaire says USDC freezes require legal orders amid growing criticism Read More »

Crypto exchange Kraken targeted by extortion attempt; says no violations and no funds at risk

Crypto exchange Kraken is facing an extortion attempt from a criminal group that is threatening to release videos purportedly showing access to internal systems containing customer data, the company announced Monday. The Wyoming-based company said it identified and closed two cases of inappropriate access related to individuals within its support team, each involving limited customer

Crypto exchange Kraken targeted by extortion attempt; says no violations and no funds at risk Read More »

Bitmine’s Tom Lee Calls Ether ‘Wartime Store of Value’ as Holdings Reach 4.87 Million ETH

Bitmine Immersion Technologies (BMNR) now holds 4.87 million ether worth $10.7 billion and is 81% of the way toward its goal of holding 5% of the entire ETH supply, according to a Monday statement in which Chairman Tom Lee also calls ether a “wartime store of value.” BMNR shares are down 2.25% premarket, paralleling Ether’s

Bitmine’s Tom Lee Calls Ether ‘Wartime Store of Value’ as Holdings Reach 4.87 Million ETH Read More »

Scroll to Top