❌SEC Proposes Rule That Could Squeeze Crypto Platforms

The Securities and Exchange Commission voted 4-1 Wednesday on a proposal that would expand the types of assets that investment advisers, such as hedge funds and pension funds, are required to hold using qualified custodians.
The proposal will be open to public comment for at least two months before staff begin work on a final rule.

#SEC #cryptoregulation #regulation #crypto #cryptoinvestment #staking

🇺🇸Montana’s ‘right to mine’ crypto bill moves closer to passing as law
The bill outlined that Montana wants to “protect the right to mine” crypto and “create legal certainty” for miners as mining “provides positive economic value” and could potentially “stabilize the grid and provide revenue for infrastructure upgrades.”

#mining #law #senate #bitcoin #mining #bills #regulation

SEC has requested a budget of $2.4 billion from Congress for 2024. CFTC has also requested $411 million to create an Advisory Group for New Technologies. Gary Gensler is expanding his team for further crypto crackdowns.
The "concern" for security in the crypto industry is costing American taxpayers more and more...

#SEC #CFTC #GaryGensler #cryptocurrencies #regulation #CryptoHeadlines

TOP crypto news - morning selection ☀️

⚡️With the fall of Silicon Valley Bank (SVB) in the market, there has been a shift of funds from centralized exchanges (CEX) to decentralized exchanges (DEX), and the volume of USDC trading on DEX has also sharply increased.

⚡️Bitcoin approaches $26,000 amid market turmoil.

⚡️Over 600,000 addresses that meet the requirements for Arbitrum giveaways receive an average of 1,895 tokens.

⚡️The Federal Reserve is ready to provide liquidity to institutions in need.

⚡️Tether printed another 1 billion USDT on Ethereum, bringing the stablecoin's market cap to $75 billion.

⚡️First Republic will receive $30 billion from the largest banks in the United States.

⚡️A federal judge has rejected the SEC's attempts to claim that cryptocurrencies should be regulated by them.

#crypto #news #cryptocurrency #stablecoin #cryptocurrency #regulation #SiliconValleyBank #CEX #DEX #USDC #Bitcoin #Arbitrum #FRS #liquidity #Tether #USDT #Ethereum #FirstRepublic #SEC

🚫 The Federal Reserve rejected Custodia Bank's application to join the Federal Reserve System due to its focus on Bitcoin.

#FederalReserve #Custodia #Bitcoin #Cryptocurrencies #Regulation #News

TOP crypto news - morning selection ☀️

⚡️The outflow of funds from Binance after the CFTC lawsuit amounted to $169 million. The exchange's balance is more than $63 billion.

⚡️In its lawsuit against Binance, the CFTC classified BTC, ETH, and LTC as commodities.

⚡️The European Parliament included the regulation of smart contracts in the EU Data Law project.

⚡️A US district court judge suspended the deal between Voyager and BinanceUS.

#crypto #cryptonews #cryptocurrency #Binance #CFTC #BTC #ETH #LTC #EuropeanParliament #regulation #smartcontracts #Voyager

#crypto #cryptonews #cryptocurrency

Top crypto news - evening selection 🌙

⚡️SEC Chairman to testify before Congress on cryptocurrency regulation on April 18

⚡️ FDIC is requiring crypto clients of Signature Bank to close their accounts by April 5th

⚡️BNB Chain community proposes to reduce gas fees

⚡️Banking regulators are trying to squeeze crypto businesses out of the US financial system

#crypto #cryptonews #SEC #regulation #cryptocurrencies #BNB #gas #bankingregulators

🤠 Congressman Warren Davidson has presented his 7 points for which SEC Chairman Gary Gensler should be immediately fired:

Abuse of rules by proposing an average of 2 new SEC rules per month.

Inappropriately short periods between public comments.

Unreasonable and illegal disclosure requirements from the SEC.

"Hotel California" rules for cryptocurrencies (the ability to register with the SEC at any time without the ability to leave without approval, as well as endless disclosure without permission and clarity for anyone who is essentially trapped by the SEC).

An unfeasible proposal to restructure the stock market.

An effective ban on cryptocurrencies through proposed custody rules.

Inability to interact with Congress.

#WarrenDavidson #SEC #GaryGensler #cryptocurrencies #investments #regulation #rules

TOP crypto news - evening selection 🌙

⚡️ Coinbase has signaled to the SEC its readiness to defend its interests in court.

⚡️ SEC: "Cryptocurrencies are investment contracts that should be regulated."

⚡️ Hong Kong's regulator calls on the banking sector to open accounts for licensed crypto companies.

⚡️ The European Central Bank is considering the possibility of using blockchain technology for monetary settlements.

⚡️ Binance will launch a Japanese subsidiary in June 2023.

⚡️ MasterCard intends to expand its cryptocurrency payment card program by partnering with many crypto companies.

#Coinbase #SEC #regulation #bankingsector #cryptocompanies #EuropeanCentralBank #blockchain #Binance #MasterCard #cryptonews #cryptocurrency

🏦 Regulators in the United States announced that First Republic Bank has been seized and an agreement has been reached for the sale to JPMorgan Chase & Co.

🔸 This is the third major US institution to go bankrupt in two months.

#regulation #banks #FirstRepublicBank #JPMorganChase #bankruptcy #economy

TOP crypto news - evening selection 🌙

⚡️Coinbase launches an international futures exchange for institutional investors amid regulatory issues in the US

⚡️Curve Finance has launched the crvUSD stablecoin on the Sepolia testnet ahead of the Ethereum mainnet launch

⚡️A new lawsuit has been filed against Coinbase for allegedly violating privacy laws when collecting biometric data

⚡️Bitcoin transaction volume has reached a new all-time high - 685,000 transactions in a single day. The surge in activity is attributed to Ordinals

#Coinbase #futures #regulation #CurveFinance #stablecoin #Ethereum #cryptocurrency #bitcoin #transactions #Ordinals #crypto #cryptonews