Tag: financial regulation

news-30062024-103309

Vitalik Buterin Criticizes U.S. Crypto Regulation as ‘Anarcho-Tyranny’

Vitalik Buterin, the co-founder of Ethereum, recently expressed his concerns about the current state of cryptocurrency regulation in the United States. He believes that the classification of cryptocurrencies as securities and subjecting them to...
michael-barr-to-resign-as-us-fed-vice-chair-for-supervision

Michael Barr to Resign as U.S. Fed Vice Chair for Supervision

Michael Barr to Resign as U.S. Fed Vice Chair for SupervisionIn a surprising turn of events, Michael Barr, the U.S. Federal Reserve's vice chair for supervision, has announced his resignation from his position, effective...
risks-of-stablecoins-fsoc-urges-legislative-action-for-enhanced-oversight

Risks of Stablecoins: FSOC Urges Legislative Action for Enhanced Oversight

The Financial Stability Oversight Council (FSOC) has sounded the alarm on the potential risks posed by stablecoins, urging immediate legislative action to bolster oversight and regulation. In its 2024 annual report, the FSOC highlighted...
trump-nominates-paul-atkins-to-lead-sec-amid-genslers-cleanup

Trump Nominates Paul Atkins to Lead SEC Amid Gensler’s Cleanup

President-elect Donald Trump has reportedly selected Paul Atkins as the front runner for the SEC chair role, but Atkins seems hesitant to accept the position due to the challenges he anticipates in managing the...
news-11102024-000650

Gary Gensler Departure Sparks Mixed Reactions

SEC Chair Gary Gensler recently made some bold statements about cryptocurrencies during a speech at NYU School of Law. Known for his cautious approach, Gensler surprised many with his candid remarks. He expressed skepticism...
news-10102024-055740

Crypto Regulation: SEC Chair Gary Gensler’s Views on Cryptocurrency as Currency

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently shared his views on cryptocurrency during an event at NYU School of Law in Manhattan. Gensler expressed skepticism about the idea of bitcoin or...
news-15062024-201852

Gemini Pays $50 Million to New York for Investor Fraud – CoinJournal

Gemini Trust has agreed to pay $50 million to the New York Attorney General Letitia James for defrauding investors in the Gemini Earn program. This money will be used to reimburse more than 230,000...
news-15062024-123756

White House Nominates CFTC Commissioners for FDIC, Treasury Roles

The White House is expected to nominate U.S. Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation (FDIC) chair and Kristin Johnson to a senior Treasury post, media...
news-15062024-101712

Swiss Regulator Closes Crypto-Linked FlowBank; Bankruptcy Initiated

FlowBank, a Swiss online bank known for its crypto ties, has been closed down by the Swiss Financial Market Supervisory Authority (FINMA) due to insufficient capital and serious breaches of minimum capital requirements. This...
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New York Recovers $50 Million from Gemini for Defrauded Investors – CoinJournal Gemini Pays $50...

New York Attorney General Letitia James recently announced that $50 million has been recovered from Gemini Trust. This money was defrauded from Gemini Earn users, and it will now be used to repay more...