State of Crypto

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Coinbase CEO Heard ‘Rumors’ the SEC May Ban Crypto Staking for Retail Customers
Coinbase CEO Brian Armstrong tweeted that he's heard rumors that the U.S. Securities and Exchange Commission wants to ban retail investors from engaging in cryptocurrency staking, the income-generating technique at the core of running blockchains including Ethereum. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De shares the latest developments.
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SEC Warns Crypto Stakes in Retirement Accounts May Be Unregistered Securities
The U S Securities and Exchange Commission SEC again made its case Tuesday that crypto assets are often unregistered securities being traded on unregistered exchanges issuing an investor alert warning that people should be wary of crypto in individual retirement accounts IRA Coin Desk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest [...]
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Bankrupt Crypto Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors
Crypto conglomerate Digital Currency Group DCG and its bankrupt Genesis subsidiaries reached an in principle agreement on terms of a restructuring plan with a group of the firm’s main creditors Coin Desk Global Policy Regulation Managing Editor Nikhilesh De discusses the terms of the proposed deal DCG is the parent company of Coin Desk and [...]
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CoinDesk - Unknown
FTX Asks Lawmakers to Return Sam Bankman-Fried's Donations
FTX Group is sending confidential letters to politicians and other political beneficiaries of Sam Bankman Fried his deputies and his companies asking them to return the money by the end of the month This comes as Emergent Fidelity Technologies a firm co founded by SBF and former executive Gary Wang filed for Chapter 11 bankruptcy [...]
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White House
The White House Is Concerned About Crypto
U.S. President Joe Biden’s White House published a statement on implementing safeguards for cryptocurrencies.
White House

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Sam Bankman-Fried Negotiating Bail Conditions, Court Filing Says
Counsel for former FTX CEO Sam Bankman Fried is currently in talks with U S prosecutors to resolve the outstanding issues related to Bankman Fried’s bail conditions according to a court filing Meanwhile Proposals to subpoena FTX founder Sam Bankman Fried his immediate family and senior staff of the bankrupt crypto exchange have been opposed [...]
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Sen. Tim Scott To Unveil Priorities for Bipartisan Crypto Regulatory Framework: Report
U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee, will release his priorities for a bipartisan regulatory framework for cryptocurrency today, according to Politico. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details and how it could pave the way for future crypto legislation. 
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CoinDesk - Unknown
India Keeps Restrictive Crypto Tax Rules in 2023 Budget
India instituted a 30 tax on profits and a 1 tax deducted at source TDS on all transactions for the crypto sector in 2022 Now the world's largest democracy is keeping its restrictive crypto tax rules unchanged in 2023 as Finance Minister Nirmala Sitharaman did not mention crypto virtual digital assets blockchain or central bank [...]
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Identities of 2 Parties Who Backed Sam Bankman-Fried’s $250M Bond Can Be Revealed, Judge Rules
U.S. District Judge Lewis Kaplan ruled on Monday that the identities of the two non-parental parties who co-signed Sam Bankman-Fried's $250 million bond can be made public. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the decision and what to expect from FTX's future bankruptcy proceedings.
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CoinDesk - Unknown
Gemini Customers Given Confusing Information About Whether Earn Accounts Were FDIC Insured: Report
Cryptocurrency exchange Gemini reportedly implied to customers that their assets in its interesting-bearing Earn product were safe because they were backed by the Federal Deposit Insurance Corp (FDIC), Axios reported on Monday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in.
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