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15 Jun 23

US Fed chair hints at two more rate hikes while crypto suffers volatility

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Federal Reserve (Fed) chair Jerome Powell hinted at two more rate hikes expected to come this year. According to CNBC, the statement came after the Federal Open Market Committee (FOMC) decided to pause the consecutive rate boosts. The Fed […]

The SEC and crypto regulation03

09 Jun 23

How SEC chair Gary Gensler moved from crypto advisor to antagonist

From earlier, seemingly crypto-supportive stances to his current hardline approach, Gary Gensler’s journey traverses his dynamic narratives, confrontations with crypto giants, and the rumors that abound, offering a unique perspective. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. It’s almost […]

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16 May 23

FDIC chair takes responsibility for Signature Bank’s collapse, also cites crypto

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A report from the FDIC has revealed that poor management was the primary cause of Signature Bank’s failure, uncovering the key factor responsible for the bank’s downfall. In response, the chair has assumed responsibility for the identified shortcomings, acknowledging accountability for […]

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04 Apr 23

SEC chair Gary Gensler addresses crypto regulation and consumer protection

The U.S. securities and exchange commission (SEC) chairman, Gary Gensler, recently participated in a budget hearing for the fiscal year 2024, discussing the regulation of cryptocurrency markets and consumer protection. The meeting, held by the house committee on appropriations, subcommittee on financial services and general government, saw congress discuss the SEC’s role in regulating the […]

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27 Mar 23

Saudi National Bank chair resigns following Credit Suisse crisis, major losses

Saudi National Bank’s chairman, Ammar Al Khudairy, has resigned from his post following the banking crisis that has hit Credit Suisse Group AG. This move comes shortly after declining to provide further assistance to Credit Suisse, despite the bank being the largest shareholder. Al Khudairy’s resignation is reportedly due to personal reasons, and he will […]

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16 Mar 23

SEC chair Gensler suggests classifying PoS tokens as securities

SEC Chairman Gensler has emphasized that specific tokens that utilize staking protocols may be classified as securities under US law due to the returns earned by their holders. On March 15, SEC Chair Gary Gensler reiterated that all proof-of-stake tokens and digital assets should be considered securities, leading to renewed jurisdictional tensions between the SEC […]

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03 Jan 23

Former Bithumb chair Lee Jung-Hoon found not guilty

Lee Jung-hoon, the former chairman of Bithumb, is now free of all charges in South Korea. He was alleged to have defrauded the business of $70 million during the acquisition of the crypto exchange. On Jan. 3, Lee Jung-hoon, the former chairman of the South Korean bitcoin exchange Bithumb, was found not guilty by the […]

US Regulations 2

20 Dec 22

Incoming House Financial Services Committee chair reintroduces crypto bill

North Carolina’s Representative Patrick McHenry, an incoming chair of the House Financial Services Committee, has reintroduced a crypto bill. The reinstatement of the Financial Services Innovation Act McHenry, who had pushed the Financial Services Innovation Act in 2016 and 2019, announced on Dec. 19 that the act will be reintroduced. The legislation aims to modernize […]

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