Regulatory News and Developments

Regulatory News and Developments

White House Wants Crypto Rules as a Matter of National Security

The Biden administration is preparing to release an executive action that will task federal agencies with regulating digital assets such as Bitcoin and other cryptocurrencies as a matter of national security, a person familiar with the White House’s plan tells Barron’s. The national security memorandum, ...Read More

Bitcoin sinks after China says all cryptocurrency-related transactions are illegal and must be banned

China’s central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its determination to crack down on the industry. All cryptocurrencies, including Bitcoin and Tether, are not fiat currency and cannot be circulated on the market, ...Read More

Binance Singapore Appoints Former Regulator as CEO in Effort to Become ‘a Leader in Regulatory Compliance’

Global cryptocurrency exchange Binance has hired a former regulator as the new CEO for its operations in Singapore. Binance aims to become “a leader in regulatory compliance” as it pivots into a financial services company amid intense scrutiny from regulators worldwide. Binance Singapore Boosts ...Read More

Ripple CEO says US regulators’ claim that there is clarity in crypto is like that of an addict in denial

Ripple chief executive Bradley Garlinghouse said US regulators’ belief that there is already a lot of clarity around cryptocurrencies was like an addict’s belief that they don’t have a problem. Garlinghouse, whose company’s XRP token is at the center of a lawsuit launched by ...Read More

Big Tech is trying to disarm the FTC by going after its biggest weapon: Lina Khan

Amazon and Facebook have filed petitions seeking Federal Trade Commission Chair Lina Khan’s recusal in antitrust cases involving their companies. Khan’s confirmation to the FTC and appointment to lead the agency presents one of the clearest threats of major regulatory action in the tech sector in years. By seeking to ...Read More

Binance, the world’s largest cryptocurrency exchange, gets banned by UK regulator

Cryptocurrency exchange Binance has been banned from operating in the U.K. by the country’s markets regulator, in the latest sign of a growing crackdown on the crypto market around the world. Britain’s Financial Conduct Authority said Saturday that Binance Markets Limited, the U.K. division of Binance, ...Read More

Massachusetts regulators are seeking to revoke Robinhood’s broker license just as the trading app aims to go public

Massachusetts regulators are seeking to revoke Robinhood’s broker-dealer license to prevent the trading app’s operations in the state. William Galvin, the Secretary of the Commonwealth of Massachusetts, wrote in a Thursday filing Robinhood has “continued a pattern of aggressively inducing and enticing trading among ...Read More