You have a 15-character password, shield the ATM as you enter your PIN, close the door when you meet with your banker, and shred your financial statements. But do you truly have…
Tag: Financial Regulation
The Federal Government Is Trying To Shut Down Decentralized Finance
The Commodity Futures Trading Commission (CFTC) announced yesterday it had both filed and settled charges against three “decentralized finance” operations, Opyn Inc., ZeroEx Inc., and Deridex Inc. In the agency’s own language,…
Caitlin Long on Why Politics Should Stay Out of Banking
After 22 years on Wall Street, Caitlin Long got intrigued by bitcoin and the blockchain in 2012. From 2018 through 2020 she served as a member of the Wyoming Blockchain Task Force,…
Congressman Talks Smack About Bitcoin Creator 'Saratoshi Nagamoto'
In a Financial Services Committee hearing this week, Rep. Brad Sherman (D–Calif.) had some choice words for bitcoin bros: JUST IN: ???????? US Congressman says #Bitcoin creator “Saratoshi Nagamoto” was not innovative….
New Crypto Bill Aims To Circumvent SEC's Regulation-by-Enforcement Strategy
New bipartisan crypto bill would “create a federal regulatory framework.” Sens. Cynthia Lummis (R–Wyo.) and Kirsten Gillibrand (D–N.Y.) have introduced a proposal to regulate cryptocurrency, called the “Responsible Financial Innovation Act.” It’s…
Europe's Bitcoin-Busting Mistake
The European Union’s recent adoption of the Markets in Crypto-Assets Regulation (MiCA) into law represents a huge, and foolish, step in how Europe approaches the regulation of crypto. Given recent regulatory actions…
Bitcoin's Greatest Test
Fifteen years after Satoshi Nakamoto dropped a nine-page white paper on an obscure email list sketching out an idea for a new peer-to-peer digital currency, bitcoin has become a global phenomenon. And…
Gary Gensler's SEC Cracks Down on Coinbase and Binance
On Tuesday, the Securities and Exchange Commission (SEC), headed by Gary Gensler, sued crypto exchange Coinbase for not registering as a securities broker. The day prior, the SEC filed charges against Binance…
SEC Sues Crypto Exchange Bittrex Shortly After It Announces It's Leaving U.S. Markets
At the end of March, a long-lasting and prominent cryptocurrency exchange, Bittrex, announced it would no longer do business with U.S. citizens because “it’s just not economically viable for us to continue…
SEC to Coinbase: Nice Crypto Exchange You Got There, It'd Be a Shame if Something Happened to It
Coinbase, which is by trade volume the largest cryptocurrency exchange in the United States, announced yesterday it had been hit by the Securities and Exchange Commission (SEC) with a threat of looming…