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Category Financial regulators

MainNewsFinancial regulators
SEC’s Crypto Regulation Labeled a ‘Disaster’ by Commissioner

SEC’s Crypto Regulation Labeled a ‘Disaster’ by Commissioner

A U.S. Securities and Exchange Commission (SEC) commissioner has called the agency’s approach to cryptocurrency regulation a “disaster,” highlighti...
Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations

Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations

Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for ope...
Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD

Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD

Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, ...
Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevad...
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The...