The release highlights ongoing legal challenges for Binance, potentially impacting its operations and regulatory relations in Africa.
The post Binance executive released after being detained in Nigeria for over 7 months appeared first on Crypto Briefing.
A Financial Conduct Authority (FCA) official has emphasized the importance of high regulatory standards for crypto asset registrations. She defended the UK’s stringent rules, aiming to protect consumers and financial markets while fostering a competitive crypto sector. The regulator warned against relaxing standards, advocating instead for collaboration to build a secure foundation for sustainable innovation […]
Coinbase CEO Brian Armstrong and Tesla CEO Elon Musk have voiced their support for pro-crypto Senate candidate John Deaton in his race against Elizabeth Warren. Armstrong warned that Warren, a vocal crypto critic, has pushed harmful regulations and backed U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s efforts to curb the industry. Musk signaled […]
The enforcement-heavy approach of the U.S. Securities and Exchange Commission (SEC) to crypto regulation is stifling innovation and leaving the market without clear standards, an SEC commissioner has warned. Criticizing the reliance on litigation, he argued that case-by-case enforcement delays the creation of a consistent regulatory framework, depriving investors and innovators of necessary guidance. He […]
Gustavo Rodriguez, who was initially scheduled to be sentenced following his conviction for conspiracy to commit wire fraud, will testify under oath on Oct. 25.
Gustavo Rodriguez, one of the promoters of the cryptocurrency mining and trading firm IcomTech convicted of wire fraud, will have a few more days to prepare for his testimony and cross-examination before sentencing in a New York courtroom.
In an Oct. 22 hearing in the United States District Court for the Southern District of New York, Rodriguez’s lawyers requested Judge Jennifer Rochon grant an evidentiary hearing, claiming the former IcomTech promoter wanted to testify at his March 2024 trial. Judge Rochon said the court would hear testimony from Rodriguez and a witness on Oct. 25.
Rodriguez was one of two IcomTech promoters — along with his colleague David Brend — charged in the indictment against the project’s founder, David Carmona. Authorities alleged IcomTech amounted to a crypto-based Ponzi scheme, siphoning more than $8 million from users between 2018 and 2019.
The partnership was originally announced in mid-2023 ahead of the launch of FedNow.
Digital banking network Metallicus announced the completion of its testing and certification phase and the launch of its services on the United States Federal Reserve’s FedNow instant payments platform.
The Oct. 22 announcement comes more than a year after the Fed announced Metal Blockchain’s integration with FedNow, highlighting the lengthy certification process as the central bank purportedly aims to onboard thousands of financial institutions over time.
Per Don Berk, the chief operating officer of Metallicus:
Ripple gets a 14-day extension to meet court filing requirements after receiving a default notice in SEC appeal.
The post Ripple misses filing deadline risking setback in ongoing SEC case appeared first on Crypto Briefing.
The regulator’s Division of Examinations specifically named spot Bitcoin and Ether exchange-traded products in its priorities after their 2024 launch.
The United States Securities and Exchange Commission (SEC) has again included cryptocurrencies in its list of examination priorities for the next year, even as its leadership and government control could change hands.
In an Oct. 21 notice, the SEC’s Division of Examinations released its priorities for 2025, including crypto assets and their “associated products and services.”
According to the regulator, it planned to focus on the “offer, sale, recommendation, advice, trading, and other activities involving crypto assets,” explicitly naming spot Bitcoin (BTC) and Ether (ETH) exchange-traded products.
Cryptocurrency industry members in Argentina expressed their opinions regarding a new draft that proposes restrictions on the operation of crypto institutions in the country. If the draft is approved, each institution will register with a minimum capital amount to operate on Argentine soil. Argentina Submits Draft for VASP Rules to Public Consultation Argentina is innovating […]
Ripple’s chief legal officer has highlighted two potential outcomes for the U.S. Securities and Exchange Commission (SEC)’s appeal in the Ripple lawsuit over XRP. He explained the SEC’s best-case scenario and noted that Ripple’s Fair Notice defense remains solid. The Ripple legal chief also reaffirmed XRP’s non-security status despite the appeal. 2 Outcomes: Ripple’s Stuart […]
