Tag: financial regulation
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...
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 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...
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...
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...
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...
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...
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...
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...
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...
