SEC’s Gensler continues push to crack down on crypto rule-breakers

Securities and Exchange Commission Chair Gary Gensler is going back on the offensive against those in the crypto industry that he says are purposefully shirking regulations. On Thursday, Gensler repeated his demands that crypto exchanges, brokers and attorneys in the digital coin industry comply with securities rules. It’s the latest salvo...

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3 Key Weaknesses In Crypto Regulation

The Treasury's FSOC convened on Monday to issue an improved framework for the future of digital assets regulation. Following a meeting of the Treasury’s Financial Stability Oversight Council (FSOC), a unanimously-supported report was published. The report identifies three key weaknesses in the current state of crypto regulation and calls for tighter...

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Crypto Firms Undeterred by Strict Regulation — ‘They Know We Have a Good System’ – NewsAffinity

The Financial Conduct Authority (FCA), Britain’s top financial regulator, has revealed that many crypto firms are still seeking licenses to operate in the U.K. despite failing to meet regulatory requirements the first time. “They know we have a good system of regulation and if they meet our standards that’s important...

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Your State Pension Is Now Gambling On Cryptocurrency

Legendary investor Warren Buffett says cryptocurrencies basically have no value and don’t produce ... [+] anything. Yet 94% of U.S. state and local government pensions are gambling on cryptocurrencies. getty Legendary investor Warren Buffett says “cryptocurrencies basically have no value and don’t produce anything.” Yet, according to a recent study,...

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OpenPayd CEO: ‘A lot of opportunity in this bear market’  

FeaturesCrypto OpenPayd’s CEO Iana Dimitrova sat down with AltFi to discuss regulation, payments and crypto. Image source: Iana Dimitrova/OpenPaydPart of the newest wave of fintech disruption, OpenPayd, the London-based Banking-as-a-Service (BaaS) provider combines its regulatory and tech expertise to help firms integrate payment and banking solutions into their...

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US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency – Regulation Bitcoin News

A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The bill further states: “No central bank digital currency shall be considered legal tender under section...

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We Have to Rely on 70-Year-Old Case Law to Determine What’s a Security or Commodity – Regulation Bitcoin News

The chairman of the Commodity Futures Trading Commission (CFTC) says his agency and the Securities and Exchange Commission (SEC) “have to rely on 70-year-old case law to determine what’s a security or a commodity.” He stressed that the SEC and CFTC are working together to regulate the crypto space, noting...

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