US Senate passes resolution overturning SEC crypto rule on banks

May 16, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

U.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets on its balance sheets.

Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation.There was some substantial good news for crypto last week, but the prevailing storyline is still the unfolding of FTX. While the extradition of the failed exchange’s founder Sam Bankman-Fried seemed pretty logical from the beginning of the saga,…

Garlinghouse: Ripple would still thrive even if XRP were declared a security

The CEO thinks his company will be just fine, even in this hypothetical scenario. 817 Total views 5 Total shares Ripple CEO Brad Garlinghouse believes his company can still thrive under a hypothetical scenario where XRP is declared a security by U.S. lawmakers. Appearing on episode 439 of the Pomp Podcast, Garlinghouse talked about the implications…

Crypto short liquidations breach $100M as Bitcoin reclaims $64K

Bitcoin has reached its highest price so far in October, surging above $64,000 early on Oct. 14 and liquidating over $52 million from those betting its price would fall.

CTFC wins record $3.4B penalty payment in Bitcoin-related fraud case

The CFTC said it's the largest fraudulent Bitcoin scheme charged in any of its cases and the "highest civil monetary penalty ordered in a CFTC case." 596 Total views 5 Total shares Own this piece of history Collect this article as an NFTA record-breaking $3.4 billion penalty has been handed down by a Judge in…

Vitalik Buterin voices concerns over DAOs approving ETH staking pool operators

The Ethereum co-founder proposes a solution that could lower the likelihood of any individual liquid staking provider growing to a point where it poses a systemic risk. 770 Total views 15 Total shares Vitalik Buterin, the co-founder of Ethereum, has expressed worries regarding decentralized autonomous organizations (DAOs) exerting a monopoly over the selection of node

Indian Crypto Industry Optimistic After Binance Enters the Market

In April 2018, the Reserve Bank of India, the country’s central bank, initiated a major crackdown on the trade and purchase of cryptocurrencies such as Bitcoin within its borders. RBI Deputy Governor Bibhu Kanungo declared that all RBI-regulated entities are to “stop having business relationships with entities dealing with virtual currencies forthwith and unwind the…

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CBDC Anti-Surveillance State Act passes US House in partisan vote

The potential misuse of the CBDC technology trumped arguments about innovation or even good legal drafting.

Long-term investors continue to hodl despite $1T Bitcoin market cap

Only 36% of Bitcoin’s supply has moved in the last 6 months, down from 50% during last bull season 2882 Total views 22 Total shares Bitcoin’s liquid supply continues to shrink, with only 36% of circulating BTC being moved on-chain in the past six months.According to data shared by on-chain crypto data aggregator Glassnode on…

Swiss Sygnum Bank expands crypto staking with Cardano

Sygnum debuted cryptocurrency staking about two years ago with Tezos staking, eventually expanding the service to ICP and Et2. 124 Total views 35 Total shares Cryptocurrency-friendly bank Sygnum Bank continues expanding its crypto services by launching support for Cardano (ADA) staking.Sygnum announced on Tuesday that the firm has expanded its bank-grade staking offering with Cardano,…

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