Regulation
SEC Sues Mobile Wallet Tech Firm Rivetz Over 2017 ICO
The SEC says Rivetz’ CEO used some of the money to award himself a bonus and buy a house in the Cayman Islands.

Coinbase Falls After Disclosing Regulatory Inquiries Over Lending Product
Stock investors aren’t waiting for resolution of the matter even as the largest U.S. cryptocurrency exchange pushes back.

Market Wrap: Bitcoin Bullish Sentiment Fades as Selling Abates
Analysts expect sentiment to become more normal for September as bitcoin’s price consolidates.

Australian Crypto and Remittance Businesses Face ‘Debanking,’ Senate Committee Hears
Australian banks stand accused of engaging in “anti-competitive” behavior by denying their services to local crypto businesses.

Self-Regulation Is in Crypto’s Best Interest
The recent regulatory happenings in the U.S. lay bare what many of us already know: our industry and the actors within it are misunderstood.

SEC Threatened to Sue Coinbase Over Lending Product, CEO Says
The securities regulator is threatening to sue Coinbase should the exchange launch its Lend product, Brian Armstrong claimed in a Twitter thread.

Hong Kong SFC Should Regulate Crypto, Says Official: Report
The city’s government is expected to propose a bill that would require virtual asset services providers to apply for licenses.

Thailand’s SEC Wants to Revoke Huobi Thailand’s License
The regulator says Huobi (Thailand), now known as DSDAQ (Thailand), failed to fix system flaws despite repeated deadline extensions.

Token Issuers Need to Be Brought ‘Firmly Within Our Reach,’ FCA Chair Says
Charles Randell was speaking about regulating token issuers and the threat they may pose to vulnerable people by promoting speculative investments.

As More Consumers Bank With Crypto, Washington Sounds the Alarm: NY Times
The NYT says officials in D.C. are trying to figure out how to curb what they see as crypto’s potential dangers.

