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Stablecoin Issuer Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security
Stablecoin Issuer Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security
Paxos acknowledged it received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming based on the charge that its Binance USD (BUSD) stablecoin...
Stablecoin Issuer Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security

Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
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...
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action

Kraken Ending Its Crypto Staking Services for US Customers, Former SEC Attorney Weighs In
Kraken Ending Its Crypto Staking Services for US Customers, Former SEC Attorney Weighs In
Kraken is shuttering its crypto staking-as-a-service platform for U.S. customers and will pay $30 million to settle SEC charges it offered unregistered securities. In a blog p...
Kraken Ending Its Crypto Staking Services for US Customers, Former SEC Attorney Weighs In

Coinbase CEO Heard ‘Rumors’ the SEC May Ban Crypto Staking for Retail Customers
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 stak...
Coinbase CEO Heard ‘Rumors’ the SEC May Ban Crypto Staking for Retail Customers

SEC Warns Crypto Stakes in Retirement Accounts May Be Unregistered Securities
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, issu...
SEC Warns Crypto Stakes in Retirement Accounts May Be Unregistered Securities

Bankrupt Crypto Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors
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 f...
Bankrupt Crypto Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors

FTX Asks Lawmakers to Return Sam Bankman-Fried's Donations
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 mo...
FTX Asks Lawmakers to Return Sam Bankman-Fried's Donations

Sam Bankman-Fried Negotiating Bail Conditions, Court Filing Says
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,” accord...
Sam Bankman-Fried Negotiating Bail Conditions, Court Filing Says

Sen. Tim Scott To Unveil Priorities for Bipartisan Crypto Regulatory Framework: Report
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, a...
Sen. Tim Scott To Unveil Priorities for Bipartisan Crypto Regulatory Framework: Report

India Keeps Restrictive Crypto Tax Rules in 2023 Budget
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...
India Keeps Restrictive Crypto Tax Rules in 2023 Budget