CFTC
PayPal's Stablecoin Could Propel Creation of a 'Federal Regulatory Framework': Former CFTC Chair Massad
PayPal is issuing a U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), but what does this mean for crypto regulation in Washington, D.C.? Timothy Massad, former CFTC chairman, PayPal advisor, and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses his reaction and the outlook for stablecoin legislation. "PayPal is saying, we think this technology could be beneficial in payments more generally...that's a good thing," Massad said.
If Binance Faces U.S. Criminal Charges it Could be a 'Death Blow': Former CFTC Division Director
Josh Sterling, former CFTC Division Director and current partner at Jones Day reacts to Semafor reporting that Binance could face U.S. Department of Justice fraud charges, although prosecutors are weighing alternatives given the risk of an FTX-style bank run. Sterling notes that criminal charges against companies are usually a "death blow" and often have "severe consequences for all stakeholders."
Department of Justice Could Charge Binance With Fraud: Report
Binance may face Department of Justice fraud charges, though prosecutors are considering alternatives given the risk of an FTX-style bank run, according to Semafor. Josh Sterling, Jones Day partner and former CFTC division director, discusses the specifics of the report and the potential outcomes.
Worldcoin Faces Investigation in France; Grayscale Wants Equal Treatment for Spot Bitcoin ETF Filings
"CoinDesk Daily" takes a look at the top headlines in crypto today, including Worldcoin, which was co-founded by OpenAI's Sam Altman, facing new scrutiny in France. Grayscale calls for a fair process when it comes to the SEC approving spot bitcoin ETF applications. Binance files a motion to dismiss a lawsuit from the CFTC. And, an update on what FTX founder Sam Bankman-Fried's attorneys are now asking from the court.
CFTC Overreached in Suing Binance, Crypto Exchange Says
Binance filed to dismiss a CFTC lawsuit alleging it offered illegal commodities trading products to U.S. residents.
DOJ Attorneys Ask for Time to Process Evidence Against Celsius Founder; Dogecoin Jumps Again
"CoinDesk Daily" breaks down the top crypto headlines of the day, including why dogecoin (DOGE) is rising for the second straight day. Attorneys for the U.S. Department of Justice (DOJ) ask a judge for time to produce evidence in their case against former Celsius CEO Alex Mashinsky. Binance plans to ask a court to dismiss the U.S. Commodity Futures Trading Commission’s (CFTC) suit against it. And, KuCoin responds to recent speculation surrounding layoffs.
Binance Says It Intends to File Motion to Dismiss CFTC Complaint
The CFTC sued Binance, its founder Changpeng Zhao and compliance officer Samuel Lim in a U.S. court in Illinois in March, alleging that the exchange operated a derivatives trading operation in the U.S.
Чому Celsius згорів у вогні? Алекс Машинський побудував Celsius картковий будиночок
Збанкрутілий Крипто з самого початку ввів громадськість в оману, стверджують кілька федеральних агентств у нових позовах.
Why Did Celsius Go Up in Flames? Alex Mashinsky Built Celsius a House of Cards
The bankrupt crypto lender misled the public from the beginning, several federal agencies allege in new lawsuits.
Pourquoi Celsius a-t-il pris feu ? Alex Mashinsky a construit à Celsius un château de cartes
Le prêteur de Crypto en faillite a induit le public en erreur dès le début, affirment plusieurs agences fédérales dans de nouvelles poursuites.