Regulation
XRP Rises as Ripple Announces $200M Share Buyback
Blockchain payments company Ripple has announced it bought back $200 million worth of its Series C shares initially issued in December 2019, bringing the firm's total valuation to $15 billion. The native XRP cryptocurrency climbed 3.8% on the news Wednesday morning. "The Hash" discusses the latest in the world of Ripple amid an ongoing regulatory battle with the SEC.
Meta-Led Diem Now Considering Sale of Assets Amid Increasing Regulatory Pressure
The Diem Association, the Meta Platforms (formerly Facebook)-led group seeking to create a stablecoin, is allegedly considering selling the project's assets to return money to investors. This comes as regulatory pressures have stalled Diem since its conception in 2019. "The Hash" group reflects on Diem and the regulatory lessons to be learned.
Privacy Coin Monero in Focus
As part of CoinDesk's Privacy Week, Grid News Tech Reporter Benjamin Power shares insights into his latest report on privacy coin monero, which has come under fire for emerging as the alleged "crypto of choice" for cybercriminals. Plus, breaking down Monero's use cases and where it stands in the U.S. regulatory environment.
SEC's Gensler Reportedly Wants Greater Scrutiny for Crypto Exchanges
According to a Bloomberg report, the Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, wants to apply greater pressure on crypto exchanges to bring them inside the market regulator's purview. CoinDesk's Nikhilesh De discusses what this could mean for the future of crypto. Plus, what to expect from Thursday's House Subcommittee hearing on the energy impact of blockchains.
ETF Trends CIO: Institutional Demand for Crypto ‘Absolutely Still There’
Bitcoin has traded in a sideways range over the past week. ETF Trends CIO & Director of Research Dave Nadig discusses his take on bitcoin’s buying opportunities and trajectory in the future. “There’s very little question that institutional demand is still there,” Nadig said.
Judge Rules SEC Must Surrender Hinman Email on Ether to Ripple
A federal judge ruled Thursday the Securities and Exchange Commission (SEC) must surrender an email with a draft of former director William Hinman’s speech on whether ether is a security to Ripple. CoinDesk's Nikhilesh De discusses the latest developments in an ongoing lawsuit the regulatory agency filed against the crypto startup.
Coinbase Buys FairX to Launch Crypto Derivatives
Crypto exchange Coinbase is purchasing U.S.-based derivatives platform FairX. CoinDesk Managing Editor of Global Policy & Regulation Nikhilesh De discusses the implications for derivatives law and regulations in the U.S.
The Brewing Turf War in Crypto Regulation
Amid a growing influence of digital assets on Capitol Hill, Jones Day Partner James Burnham discusses the potential problems of a crypto turf war brewing between U.S. enforcement entities. "Regulators can't just do whatever they want using statutes from the Great Depression that would include vague language that might arguably be applied to digital assets," he said. Plus, why the SEC might be the most effective in offering regulatory clarity.
