The Commodities Futures Trading Commission (CFTC) has voted to propose a rule aimed at protecting customers making trades through a derivatives clearing organization. Tagged the “Protection of clearing member funds held by derivatives clearing organizations,” the rule would require DCOs,  which are…

Binance has kicked back against the securities and exchange commission (SEC) concerning its lawsuit which was filed against the exchange in June. The exchange and its founder Changpeng Zhao specifically challenged the “investment contracts” aspect of the lawsuit, demanding that the commission…

`The CEO of Grayscale Michael Sonnenshein has expressed optimism concerning the approval of a Bitcoin ETF following his interaction with the securities and exchange commission (SEC) on the matter.` The crypto community has been looking forward to a Bitcoin ETF approval, part…

A Democrat lawmaker and known crypto critic Maxine Waters has called for a session with the securities and exchange commission (SEC) for a group of lawmakers to take a closer look into crypto. Waters recommended the session with a view to seeing…

A pro crypto member of congress, Rep Tom Emmer has fired back at the Treasury department for requesting more power over the crypto industry. The Republican lawmaker who sits on the House Financial Services Committee, criticized the U.S. Treasury Department for having…

Top crypto trading and investing company eToro has secured an operational license from the United Arab Emirates (UAE) to operate in Abu Dhabi.  The Abu Dhabi Financial Markets Authority (ADGM), on behalf of the country awarded the a Financial Services Permission (FSP)…

The UK has announced new legislation that will provide support for the crypto sector in the country. UK Chancellor of the Exchequer Jeremy Hunt outlined 110 measures for growing the nation’s economy in a mini-budget announcement which includes plans to boost the…

Top crypto exchange Coinbase has accused the securities and exchange commission (SEC) of delaying action on the new crypto rules the exchange has proposed. Coinbase in a letter to the Court of Appeals argued that the Securities and Exchange Commission (SEC) has…

World’s largest crypto exchange, Binance has seen a massive outflow of assets following news that its CEO Changpeng “CZ” Zhao Was resigning after pleading guilty to criminal charges in the U.S. Data from DeFiLlama revealed that the exchange recorded a net outflow…

The Securities and Exchange Commission (SEC) on Monday filed a lawsuit against one of the biggest global crypto exchanges, Kraken. The agency is alleging that Kraken violates securities laws by running an unregistered online trading platform. In response to the lawsuit, Kraken…

The Securities and Exchange Commission (SEC) has filed a lawsuit against another top crypto exchange, Kraken, for not registering as a securities trading platform. In the suit filed on Monday, the SEC said it’s seeking a judgment to permanently forbid Kraken from…

The banking regulator in Canada, the Office of the Superintendent of Financial Institutions (OSFI), has called on banks to  give feedback on guidelines on how banks should report crypto exposure. Similarly, the Basel Committee on Banking Supervision (BCBS) is asking for feedback from…

The securities and exchange commission (SEC) has given itself an applause for “another highly productive year” in crypto-related charges in 2023.  The agency said in a report that it filed 784 total enforcement actions in the fiscal year 2023, including big names…

The crypto industry has reacted to the proposed tax reporting rules put forward by the Treasury. The proposed regulation in collaboration with the Internal Revenue Service (IRS) will require crypto brokers to be treated in the same way as brokers for traditional investments…