SEC


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Paxos to Stop Minting Stablecoin BUSD: What Happens Next?

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campbell weighs in. "The lesson showing people here is that over the last few years, the greatest mistake is to be an on shore regulated company in the crypto space," Campbell said.

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Politiche

SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms

As long as crypto platforms and lenders aren’t registered as exchanges or banks, they wouldn’t qualify as custodians in the latest SEC limits proposed for registered investment advisors.

SEC Chair Gary Gensler (Anna Moneymaker/Getty Images, modified by CoinDesk)

Opinioni

The SEC Is Taking Aim at Paxos and (Annoyingly) It’s Good for Bitcoin

While the largest cryptocurrency has not been a direct focus for regulators, bitcoiners should not become cheerleaders.

(Photo by Chip Somodevilla/Getty Images)

Video

Bitcoin Above $22K 'Remarkable' Sign of Resilience: ProChain Capital President

Bitcoin (BTC) remains above $22,000 despite increased regulatory pressure on the industry after Kraken's $30 million SEC settlement and Paxos receiving a Wells Notice. ProChain Capital President David D. Tawil shares insights into BTC's resilience amid macro headwinds and the impact of CPI data. Plus, takeaways from Tuesday's Senate Banking Committee hearing on safeguarding financial digital assets.

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Finanza

Former SEC Chief Counsel Says Agency Needs to Make Clear Its Crypto Compliance Rules

“When the SEC tells us that something is not compliant, it’s not necessarily the same thing as telling us what they would consider compliant,” said TuongVy Le, a partner and head of regulatory and policy at investment firm Bain Capital.

TuongVy Le (LinkedIn)

Video

SEC Proposal Could Make It Harder for Hedge Funds to Work With Crypto Firms: Report

The U.S. Securities and Exchange Commission (SEC) is planning to propose rule changes that would make it harder for hedge funds, private equity firms and pension funds to work with crypto firms, Bloomberg reported on Tuesday. "The Hash" panel discusses the latest in the world of crypto regulation.

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What Kraken's $30M Settlement with SEC Could Mean For Crypto Staking

Kraken settled charges with the U.S. Securities and Exchange Commission for $30 million and ended its U.S. crypto staking program as a result. TuongVy Le, Bain Capital Crypto Partner and former Chief Counsel at the U.S. Securities and Exchange Commission (SEC)'s Office of Legislative and Intergovernmental Affairs, discusses her take on how the SEC might be approaching staking and what this means for crypto staking overall in the U.S.

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Video

Bain Capital Crypto Partner on Catalysts That Could Kill Crypto Staking

Bain Capital Crypto Partner and Head of Regulatory and Policy TuongVy Le weighs in on the U.S. Securities and Exchange Commission's recent settlement with crypto exchange Kraken and its Wells Notice to Paxos. As the former Chief Counsel at the SEC's Office of Legislative and Intergovernmental Affairs, she notes "blindly and mechanically applying the existing securities laws...could potentially kill something like staking."

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