Coinbase CEO Compares SEC to Soccer Refs in Criticism of Lack of Clarity Around Crypto Regulation
Coinbase CEO, Brian Armstrong, compared the SEC to “soccer refs” in a game of pickleball, criticizing the regulator for their lack of clarity around crypto regulation. The comments came after Coinbase revealed they had been issued a Wells notice, which typically precedes an enforcement action. The crypto community has widely condemned the recent notice, with many agreeing that the SEC has reversed its earlier position regarding Coinbase.
G20 Announces Standards for Global Crypto Regulation
G20 countries have announced that the Financial Stability Board, the International Monetary Fund, and the Bank for International Settlements will release recommendations on global crypto regulation by July.
Morocco Completed Crypto Regulation
Morocco may draft a crypto law soon. Industry stakeholders will debate the Central Bank's paper. Morocco has the fastest-growing crypto market in Northern Africa, rising from 2.4% to 3.1% in 2021. Soluna built the first blockchain wind farm in 2020.
UK Seeks to Recognize Bitcoin and Crypto as Regulated Financial Instruments
The UK Parliament recently voted to regulate Bitcoin and crypto assets as financial products
Gibraltar Introduces New Legislation to Combat Insider Trading and Market Manipulation
The Gibraltar Financial Services Commission (GFSC) has updated its regulatory guidelines for the digital currency ecosystem to include a 10th clause that addresses insider trading and market manipulation.
SEC to Give "Careful Consideration" to Concern about Spot BTC ETFs: Gensler
Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), has promised to give a “Careful Consideration” about spot Bitcoin Exchange Traded Products (ETPs).
SEC Boss Appoints Corey Frayer To Advise on Crypto Policy
Corey Frayer is joining the SEC’s executive team as a senior adviser on the agency’s policymaking related to cryptocurrency oversight.
SEC Commissioner Elad Roisman Sets to Leave the Agency in next January
Elad Roisman, one of the Commissioners with the U.S. SEC has tendered his resignation with President Joe Biden in preparation for his exit from the agency by the end of January 2022.
Despite Clear Divide Amongst Lawmakers, Crypto CEOs Request Clear Regulations
Top executives representing the biggest companies in the American digital currency ecosystem appeared before Congress to testify on the state of the crypto industry.
Paytm CEO Doubles Down on Crypto, Says it Will Go Mainstream in 5 Years
Paytm's founder and Chief Executive Officer Vijay Shekhar Sharma has doubled down on his trust in crypto’s ability to go mainstream in the next 5 years.