Stablecoin Regulation Takes Center Stage: US Senators Introduce Comprehensive Bill
Two United States Senators – Kirsten Gillibrand and Cynthia Lummis – have issued a new bill that focuses on stablecoin oversight.
Read More...Binance Obtains Regulatory License in Dubai
On April 18, Binance CEO Richard Teng announced to Bloomberg that the exchange had successfully obtained the Crypto Asset Service Provider (VASP) license in Dubai. This achievement comes after co-founder Changpeng Zhao relinquished his voting rights in Binance’s local entity, Binance FZE, based in Dubai.
Read More...SEC says Justin Sun ‘traveled extensively’ to US, giving sway to lawsuit
The SEC filed an amended suit against Justin Sun after the Tron founder sought to dismiss the suit last month claiming the regulator had no jurisdiction.
Read More...SEC claims Justin Sun’s alleged visits to US grant it personal jurisdiction to pursue legal action
The US SEC filed an amended complaint in its case against Justin Sun and other defendants on April 18, arguing that Justin Sun’s alleged visits to the US should grant it the jurisdiction required to pursue legal action.
Read More...Kraken Acquires TradeStation Crypto to Expand Regulatory Licensing in US
Cryptocurrency exchange Kraken is buying TradeStation Crypto, the digital assets unit of TradeStation Group. With this acquisition, Kraken aims to expand its regulatory licensing in the United States, Seeking Alpha reported Thursday (April 18).
Read More...SEC Chair Gary Gensler’s Social Media Post Led Some to Believe He Was Resigning
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s social media post expressing that “it’s been an honor to serve” as SEC chairman sparked speculation within the crypto community that he might be resigning from his position. Many people, including lawmakers, have criticized Gensler for taking an enforcement-centric approach to regulating the crypto industry.
Read More...US lawmakers’ proposed ban on algorithmic stablecoins draws industry backlash
A recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has drawn the crypto industry’s ire due to a proposed ban on algorithmic stablecoins. Former Blockchain Association member Jake Chervinsky called the Lummis-Gillibrand Payment Stablecoin Act “deeply flawed” on April 17.
Read More...Regulatory Victory: Binance Awarded Full Virtual Asset Service Provider License In Dubai
Dubai, known for its forward-thinking approach and embracing the potential of blockchain technology, has granted Binance’s Dubai entity, Binance FZE, a full Virtual Asset Service Provider (VASP) license.
Read More...US Senators Introduce Stablecoin Regulatory Framework, While Warren Wants Restrictions
US Senators Kirsten Gillibrand and Cynthia Lummis have introduced legislation for a regulatory framework for stablecoins, but Elizabeth Warren wants restrictions and control.
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