You Searched For "stablecoins sec" and got 20 results
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3 mins read
Terra’s Do Kwon accused of siphoning funds from network before the crash, again
A host of users, led by a Twitter user called FatManTerra, have accused the founder of draining the…
1 min read
The SEC is investigating if TerraUSD's marketing violated investor protection regulations, report says
Terraform Labs is the firm behind TerraUSD, a stablecoin that sent shockwaves throughout crypto mar…
Brian Evans
2 mins read
The SEC reportedly derailed stablecoin issuer Circle's plans to go public in a $9 billion SPAC deal
Despite the terminated deal, Circle said that it's "necessary, appropriate and reasonable for the S…
Morgan Chittum
1 min read
Paypal says it is looking into developing a dollar-backed stablecoin as payments giant boosts crypto efforts
PayPal confirmed the news to Bloomberg after a developer discovered the evidence inside PayPal's iP…
Isabelle Lee
2 mins read
Crypto regulation needs to allow for 'trial and error' in the market and account for variations between stablecoins, SEC Commissioner Hester Peirce says
"With experimentation ... we need to allow room for there to be failure as well because that obviou…
Carla Mozée
1 min read
Head of consumer protection watchdog signals stance on digital assets with warning on stablecoins
The CFPB's new chief, Rohit Chopra, issued the warning during his first appearance before Congress …
Carla Mozée
2 mins read
The SEC is likely to get the green light to target stablecoins this week, report says
US agencies will urge Congress to pass legislation that states these coins should be regulated like…
Shalini Nagarajan
3 mins read
The SEC is taking a hard line on stablecoins right now - but it could permit more coin issuers if it gets to regulate them, a financial policy expert says
A wide range of entities - such as asset managers, banks, and securities firms - could become issue…
Shalini Nagarajan
2 mins read
Crypto is not a viable long-term form of private money and stablecoins are equivalent to poker chips at the casino, SEC chief says
"I don't think there's a long-term viability for 5,000 or 6,000 private forms of money," SEC chief …
Carla Mozée
1 min read
SEC slaps stablecoin issuer Circle with a subpoena as the agency homes in on crypto
SEC has issued an "investigative subpoena," asking for information on Circle's "holdings, customer …
Ethan Wu
2 mins read
SEC Chairman signals stablecoins and other tokens could fall under its rules on security-based swaps and says more regulation is coming
Gary Gensler, the head of the US markets regulator, has indicated stablecoins will not be exempt fr…
Camomile Shumba
2 mins read
Stablecoin issuer Circle terminates $9 billion SPAC deal as crypto winter rages on
"We are strong, growing, profitable and in the best financial position we've ever been in," Circle'…
Morgan Chittum
1 min read
Coinbase falls 10% after the SEC sues rival crypto exchange Binance for violating securities law
Coinbase is currently under SEC investigation and could face an enforcement action tied to its list…
Matthew Fox
3 mins read
SEC's Gary Gensler is waging war against crypto. Here's a look at how his views on the industry have evolved over the years
The SEC chair has waged all-out war on the digital token sector since his appointment in 2021 – now…
Joseph Wilkins
3 mins read
Here's why recent moves by the SEC and CFTC may be just the start of crypto's regulatory troubles
High-profile events like the crash of FTX and the implosion of TerraUSD earlier last year have made…
Morgan Chittum
2 mins read
SEC boss Gary Gensler warns Terra's crash will be followed by more crypto failures, and that will knock confidence in wider markets
Speaking to reporters after a House Appropriations Committee panel hearing Wednesday, SEC Chair Gen…
Hamza Fareed Malik
1 min read
Binance is facing a fresh lawsuit over misrepresentations of failed stablecoin TerraUSD on the platform
Binance says a lawsuit over its representation of TerraUSD is baseless. An investor filed a lawsuit…
Brian Evans
1 min read
Crypto firm Paxos ordered to stop minting Binance dollar-pegged token as SEC's crackdown widens
The firm will stop issuing BUSD, the world's third-biggest stablecoin, as the SEC reportedly plans …
Ryan Hogg
2 mins read
Bankrupt crypto lender Celsius owes users $4.7 billion, court document reveals
Celsius Networks, a US-based crypto lender, which filed for bankruptcy protection on July 14, owes…
2 mins read
Stablecoins should comply with the same rules as traditional payment mechanisms, regulators say
Stablecoins should be held to the same principles that govern traditional markets, a report by glob…