On Wednesday (September 21), Stuart Alderoty, who is General Counsel at Ripple, commented on the ongoing lawsuit (against Ripple) that was initiated in December 2019 by the U.S. Securities and Exchange Commission (SEC). Aldertoy, who has been Ripple’s General Counsel since January 2019, made his comments while speaking...
Crypto whales have shown a major transition in their behavior over the last week. After backing the world’s second-largest crypto Ethereum (ETH) ahead of the Merge, they are now focusing on Ripple’s XRP. Post the Merge event last week, The ETH price has come under severe correction losing more than 20% in a week’s time. As of press time, ETH is trading 5.6% down at a price of $1,260 with a market cap of $154 billion. As per on-chain data...
A piece of proposed legislation in the House of Representatives would put a two-year moratorium on creating algorithmic stablecoins. According to Bloomberg’s latest version of the legislation, it would be illegal to create or issue new “endogenously collateralized stablecoins.” With the cat out of the bag, how are the two infamous stablecoins holding up? Let’s find out…
Australian senator Andrew Bragg has drafted a bill aimed at better regulation of cryptocurrency and other virtual assets in the country. Titled the Digital Assets (Market Regulation) Bill 2022, the bill provides for a licensing system for digital asset exchanges, and stablecoin issuers. Bragg said that Australia must keep pace with the global race for regulation of digital assets. He has released a draft bill that is open for consultation until 31 October 2022. Andrew Bragg is a Senator for New...
Recently, U.S. Congressman Brad Sherman (D-CA), who is one of the biggest crypto skeptics in Washington, D.C., said in a recent interview that once there is more regulatory clarity in the U.S., crypto would lose its main advantage over the dollar. Congressman Sherman, who was “born and raised in southern...
Bankruptcy ridden crypto lending company Celsius has landed into another big trouble over running alleged Ponzi schemes. The recent filing reveals that over forty US state regulators are now getting into Celsius bankruptcy details, operations and financial history.
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