The co-founder of Gemini, Tyler Winklevoss, did not hold back in his recent post where he called the “reset” of Vice President Kamala Harris’ crypto stance a “scam.” This comes on the heels of the Federal Reserve’s crackdown and a roundtable discussion that Harris failed to attend on August 8th. Winklevoss took aim at the
Regulation
The launch of the Digital Asset Regulatory Sandbox by the Securities and Exchange Commission of Thailand (SEC Thailand) signifies a significant step towards fostering innovation in the financial sector. This initiative aims to create a structured environment where businesses can test and develop services related to digital assets. By providing a regulatory framework for testing
Recently, OKX CEO Star Xu issued a warning to users about the potential risks associated with interacting with the sanctioned crypto mixer Tornado Cash. He highlighted that deposits from sanctioned entities, such as Garantex and Tornado Cash, or withdrawals to these entities could pose compliance risks and result in account suspension. Xu emphasized that OKX
The addition of options features to spot Bitcoin exchange-traded funds (ETFs) in the US is a topic of interest for many investors in the cryptocurrency market. Bloomberg ETF analyst James Seyffart has suggested that these features are likely to be included in the fourth quarter. There is also a possibility that this offering could start
After a prolonged legal battle, Ripple has been slapped with a $125 million fine by the US Securities and Exchange Commission (SEC) in a lawsuit that spanned four years. The District Court of the Southern District of New York, presided over by District Judge Analisa Torres, issued the final judgment, partially rejecting the SEC’s claim
The US Securities and Exchange Commission (SEC) has strongly opposed Coinbase’s attempt to compel additional discovery in their ongoing legal dispute. The SEC has raised concerns about Coinbase’s broad request for documents, which the regulator believes are not relevant and place an undue burden on them. In a memorandum submitted on August 5th, the SEC
Russian President Vladimir Putin recently expressed concerns about the impact of cryptocurrency mining on power supply in various regions of the country. He emphasized the uncontrolled electricity consumption by Bitcoin and other crypto mining facilities, leading to power shortages in areas such as Irkutsk region, Buryatia, and Trans-Baikal Territory. Putin highlighted the severity of the
Senator Cynthia Lummis has raised concerns about the Biden administration’s proposal to impose a 30% tax on Bitcoin miners. She argues that such a high tax rate could have far-reaching implications on the innovation and growth of the industry. By stifling innovation and potentially forcing mining operations overseas, the tax could weaken both economic and
In a recent discussion, Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, shared his experiences and thoughts on the evolution of digital asset regulation. Collaborating with CryptoSlate Senior Analyst James Van Straten, Garcia shed light on the hurdles and achievements encountered while shaping regulatory frameworks for digital assets.
US Senator Cynthia Lummis (R-WY) recently introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act” in the Senate with the aim of supercharging the US dollar and paying down the national debt through the establishment of a strategic Bitcoin reserve. The BITCOIN Act proposes the creation of a Strategic Bitcoin Reserve