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Regulation
CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme
Sam Ikkurty and Ravishankar Avadhanam are accused of using YouTube videos to dupe would-be clients into investing in various crypto funds.
Commerce Dept. Asks for Public Comments on Framework for US Crypto Competitiveness
The request is in response to President Biden’s executive order in March asking for agencies to coordinate their approach to digital assets.
NYDFS Chief Says Regulators Need to Develop a ‘21st Century Framework’ for Crypto
NYDFS Superintendent Adrienne Harris says the regulatory agency will triple the size of its virtual currency unit by the end of the year.
NY Bitcoin Miners Start to Give Up on State Amid Regulatory Uncertainty
New York was once a draw for miners, but environmental concerns are weighing on the industry.
CFTC Chair Indicates Agency Will Increase Crypto Enforcement: Report
Rostin Behnam said the agency was facing a rapidly increasing number of cases and would add resources to address crypto fraud.
Binance Seeking ‘Ideal Point’ for India Launch
Increased hiring, active consultations and monitoring of the regulatory environment by the exchange suggest Indian operations may soon be underway.
Binance in Talks for Regulatory Approval in Germany, CEO Says
Changpeng Zhao says the crypto exchange is recruiting compliance personnel in the country.
How Not to Run a Cryptocurrency Exchange
At Japan's Liquid exchange, recently acquired by FTX, warnings were ignored, breaches unreported and employees berated and cursed at, insiders say.
UST Won't Be the End of Algorithmic Stablecoins
The trail for a monetary "Holy Grail" continues, despite Terra’s collapse. So what do we do about it?
Terra Luna Crash Brings Stablecoins Under Regulatory Scrutiny
CoinDesk's Nikhilesh De discusses the impact of algorithmic stablecoin TerraUSD's (UST) downfall on the U.S. crypto regulatory landscape. Last week U.S. Treasury Secretary Janet Yellen pushed for stablecoin regulation during an annual testimony before the Senate Banking Committee, citing UST woes. Is stricter stablecoin regulation on the horizon?
