Coinbase sues SEC, FDIC over FOIA noncompliance
Coinbase’s lawsuits target the SEC and FDIC for alleged noncompliance with FOIA requests regarding Ethereum’s proof-of-stake transition.
Coinbase’s lawsuits target the SEC and FDIC for alleged noncompliance with FOIA requests regarding Ethereum’s proof-of-stake transition.
BICCoN believes that a balanced approach can help resolve the current challenges and empower Nigeria to create a supportive environment in which the blockchain industry can thrive.
A Vanuatu policy consultant tells Cointelegraph the bill had been ready for a few years but had been delayed due to several cabinet changes.
North Carolina Governor Roy Cooper will now either sign or veto the law that bars the state’s government from accepting a Federal Reserve CBDC, potentially joining Louisiana.
According to Odaily, insiders involved in the pilot project have reported a significant decrease in the usage of India's Central Bank Digital Currency (CBDC), the digital Rupee. The usage has dropped to one-tenth of its peak in December 2023. Initially, the Reserve Bank of India (RBI) managed to achieve one million daily retail transactions with the digital Rupee by incentivizing banks and allocating part of the wages in digital currency. However, once these incentives ended, the daily transaction volume fell to approximately 100,000, indicating a lack of organic demand. The central bank is currently focusing on testing technology and developing use cases, with no immediate plans for rapid expansion.
According to Odaily, Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), recently spoke about the intersection of cryptocurrency and securities law, the political implications of crypto regulation, and his priorities at the SEC during an interview at the Bloomberg Investment Summit on June 25. Gensler emphasized that there is no inconsistency between crypto securities and existing securities laws. He pointed out that the rules governing securities are clear and can protect investors, ensuring fair, orderly, and efficient markets. Despite this, he believes that many entities within the cryptocurrency field do not comply with these laws. This non-compliance is a key issue that the SEC aims to address through its regulatory oversight. Regarding the growing political significance of the cryptocurrency industry, Gensler stated that his primary responsibility is to protect investors and supervise issuers, ensuring access to fair, orderly, and efficient markets. He added that while others can participate in political discussions, his duty is to maintain the integrity of the capital markets.
Bitstamp was one of the first crypto exchanges to list Tether’s euro-pegged stablecoin, EURT, in November 2021.
UAE lawyer Irina Heaver told Cointelegraph that the policy shift could signal a “less favorable environment” for crypto in the UAE.
A Bitcoiner has helped Julian Assange return home debt-free after 14 years of fighting against U.S. extradition.
Remy St. Felix of West Palm Beach led violent home invasions to steal cryptocurrencies, targeting multiple states over several months.