Regulation
Prime Trust Put Into Receivership Amid Shortfall in Funds, Charges It Misused Customer Money
The company is in an “unsafe or unsound condition” to conduct business, a filing with Nevada’s Department of Business and Industry Financial Institutions Division stated.
SEC's Gensler 'Disappointed' by Part of Ripple's XRP Judgement, Still Assessing Opinion
Ripple scored a partial victory in its fight with the SEC last week with a court ruling that institutional sales of the tokens violated federal securities laws, but sales on exchanges and programmatic sales did not.
XRP Ruling a ‘Landmark’ Judgment, Weakens SEC's Stance Against Crypto: Bernstein
The court’s decision weakens the SEC’s stance that the securities law is clear and no separate clarity is required for digital assets, the report said.
Ripple’s XRP Token Surges 96% After Partial Victory in SEC Lawsuit
XRP climbed as high as 93 cents at one point, its highest level since March 2022.
SEC Approval of Spot Bitcoin ETF Is Unlikely to Be a Game Changer for Crypto Markets: JPMorgan
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
Circle Considers Issuing Stablecoin in Japan Under New Rules
Circle CEO Jeremy Allaire expressed interest in partnerships in the country, given that new rules governing stablecoins have come into effect.
Zimbabwe's Gold-Backed Digital Token Won't Fix the Country's Currency Woes, Economists Say
Sound macroeconomic policies like raising interest rates and bringing down the country's deficit could dampen Zimbabwe's currency instability, economists said.
BlackRock Executive: Knowing Who Counterparties Are Is Key to Engaging Institutions in DeFi
BlackRock's views could carry extra weight in the ongoing battle over regulation in the industry.
Digital Pound Should Be Interoperable With Crypto, UK Lobbyists Say
Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs.
