CFTC chair’s final message includes a call for crypto guardrails

Spot ETF issuers expect to receive final comments from regulators by early next week, and possibly as soon as July 12.

It will look at the use and oversight of crypto in 401(k) and similar plans, which is controversial in many parts of the government. 171 Total views 11 Total shares Chairman of the United Sates House of Representatives Ways and Means Committee Richard Neal sent a letter to the Government Accountability Office (GAO), a legislative…

South Korean technology behemoth LG applied for the “ThinQ Wallet” trademark with the United States Patent and Trademark Office (USPTO) on July 2, data published on the official office’s website shows.According to the filing documents, the trademark is for services concerning transaction and settlement services, mobile banking, “issuance of cyber money,” and “payment application software…

Even opportunities to “buy the dip” match up — almost to the day — with Q4 2017. 1191 Total views 21 Total shares Bitcoin (BTC) has dipped below $60,000 — but BTC price action is still mimicking the eye-popping 2017 bull run.The latest data covering Bitcoin’s current halving cycle versus its previous one shows just…

The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test. 1691 Total views 15 Total shares Own this piece of crypto history Collect this article as NFTThe Commodity Futures Trading Commission (CFTC) has again labeled Ether (ETH) as a commodity…

Grayscale said it would proceed "once there’s official and verifiable evidence of the SEC’s comfort with the underlying Bitcoin market." 98 Total views 1 Total shares Institutional asset manager Grayscale has announced it will be converting its GBTC Trust into an exchange-traded fund once the U.S. Securities and Exchange Commission has “comfort” with recently approved…

“Misleading advertisements and improper marketing strategies may encourage investors to take on risks they would normally avoid," said CSA chair Louis Morisset. 469 Total views 19 Total shares The Canadian Securities Administrators, or CSA, and Investment Industry Regulatory Organization of Canada, or IIROC, have issued guidelines for crypto trading platforms operating in the country to…

South Korea’s National Assembly is progressing a bill that will provide a legal basis for cryptocurrencies in the country. The bill categorizes virtual currencies as digital assets and intends to bring regulatory clarity and transparency to crypto markets in South Korea, English-language newspaper Korea JoongAng Daily reports on Nov. 27.According to the report, the bill…

Volatile or not, there's growing public demand for retailers and businesses to accept payment in cryptocurrency. According to a survey published in June by the United Kingdom-based crypto-exchange CreditCoin, 75 percent of American consumers want the option to use cryptocurrencies to pay for items they purchase in stores. Sadly, the proportion of stores providing this option…