SEC

SEC's Proposed Rule Change Could Block Investment Advisers From Keeping Assets at Crypto Firms

The U.S. Securities and Exchange Commission (SEC) proposed a rule that would effectively require registered investment advisors (RIA) to go outside the crypto industry to stor...

By CoinDesk Inc

Feb 15, 2023 at 5:56 p.m. UTC

Feb 15, 2023

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Consensus Magazine

Regulation

Crypto CEOs Need to Accept That Existing Regulations Also Apply to Them

Coinbase’s CEO thinks the rules that apply to other financial services don’t apply to his multi-billion-dollar financial services company. His ignorance – either intentional o...

By Timothy Cradle

Feb 15, 2023 at 5:52 p.m. UTC

Feb 15, 2023

RegulationSECKrakenCoinbaseSecuritiesStakingUS

Podcasts

Crypto Update | Stablecoins Are Not Worth the Risk

With crypto markets in the green and undecided on recent CPI data, plus a look at the downside of stablecoins, CoinDesk’s “Markets Daily” is back with the latest news roundup....

By Adam B. Levine Adrian Blust

Feb 15, 2023 at 4:20 p.m. UTC

Feb 15, 2023

PodcastsMarkets DailyStablecoinRegulationSEC

Paxos to Stop Minting Stablecoin BUSD: What Happens Next?

Video

Sec

Paxos to Stop Minting Stablecoin BUSD: What Happens Next?

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just af...

By CoinDesk Inc

Feb 15, 2023 at 3:56 p.m. UTC

Feb 15, 2023

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SEC Chair Gary Gensler (Anna Moneymaker/Getty Images, modified by CoinDesk)

Policy

Regulations

SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms

As long as crypto platforms and lenders aren’t registered as exchanges or banks, they wouldn’t qualify as custodians in the latest SEC limits proposed for registered investmen...

By Jesse Hamilton

Feb 15, 2023 at 3:00 p.m. UTC

Feb 15, 2023

RegulationsSECRIA AdvisorsCustodiansUS

(Photo by Chip Somodevilla/Getty Images)

Consensus Magazine

Paxos

The SEC Is Taking Aim at Paxos and (Annoyingly) It’s Good for Bitcoin

While the largest cryptocurrency has not been a direct focus for regulators, bitcoiners should not become cheerleaders.

By George Kaloudis

Feb 15, 2023 at 2:32 p.m. UTC

Feb 15, 2023

PaxosSECStablecoinTetherBUSDBinanceBitcoinRegulationOpinion

Bitcoin Above $22K 'Remarkable' Sign of Resilience: ProChain Capital President

Video

Digital assets

Bitcoin Above $22K 'Remarkable' Sign of Resilience: ProChain Capital President

Bitcoin (BTC) remains above $22,000 despite increased regulatory pressure on the industry after Kraken's $30 million SEC settlement and Paxos receiving a Wells Notice. ProChai...

By CoinDesk Inc

Feb 14, 2023 at 8:57 p.m. UTC

Feb 14, 2023

digital assetsSECPaxoscdtvaab clipSenate Banking CommitteeProChain Capital

Finance

Paxos

Former SEC Chief Counsel Says Agency Needs to Make Clear Its Crypto Compliance Rules

“When the SEC tells us that something is not compliant, it’s not necessarily the same thing as telling us what they would consider compliant,” said TuongVy Le, a partner and h...

By Fran Velasquez

Feb 14, 2023 at 8:07 p.m. UTC

Feb 14, 2023

PaxosKrakenBain CapitalTuongvy leCoinDesk TVStakingRegulationSECUS

Podcasts

Crypto Update | Contentious Uniswap Vote Highlights the Opaqueness of Decentralized Governance

With crypto markets fluctuating on hotter-than-expected CPI data, plus a look at DeFi’s faults, CoinDesk’s “Markets Daily” is back with the latest news roundup.

By Adam B. Levine Adrian Blust

Feb 14, 2023 at 6:45 p.m. UTC

Feb 14, 2023