Regulatory News and Developments

Regulatory News and Developments

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

Regulators examine Texas energy market after natural gas prices soared 10,000%

Federal regulators are looking closely at the Texas energy market after natural gas prices rocketed during last week’s deep freeze. And they’re warning that extreme weather will continue to stress the power grid. “We are monitoring irregularities in the Texas energy markets following last week’s freeze,” Rostin Behnam, ...Read More