befla

Crypto Oversight in the Spotlight After Warren Questions Federal Regulation

by
Crypto Oversight in the Spotlight After Warren Questions Federal Regulation
U.S. Senator Elizabeth Warren pressed the CFTC over whether it can effectively police fast-growing crypto and prediction markets. Her letter cited staffing cuts, declining enforcement, and potential industry and political influence as risks to investors. Crypto Oversight in the Spotlight After Warren Questions Federal Regulation U.S. Senator Elizabeth Warren on June 8 announced an inquiry … Read more

Is this the best NFT collection in the world? DCinvestor, NFT Collector

by
Boasting one of the best NFT collections on the planet, DCinvestor went all in on some iconic buys in early 2021 and is one of the most respected and insightful personalities on Crypto X.  Some say that DCinvestor has the best individual collection of NFTs in the world — although he’s far too modest to … Read more
Categories NFT

Trump’s family crypto feud spills into customer accounts after wallet freeze

by
Crypto exchange HTX will permanently remove President Donald Trump-backed World Liberty Financial’s fiat-backed USD1 stablecoin from its trading platform. Beginning June 7, the digital asset exchange said it will systematically convert all eligible retail customer balances of the USD1 token into Tether (USDT) at a strict one-to-one valuation. This intervention arrives as direct retaliation after … Read more

Crypto rails made prediction markets global, gambling laws may make them local again

by
South Korean police opened the country’s first illegal gambling probe into domestic Polymarket users on Jun. 5, targeting residents who placed bets on the Jun. 3 local election outcomes. The Gangwon Provincial Police Agency is leading the investigation at the request of the National Police Agency, tracing cryptocurrency transaction records to identify users nationwide. Those … Read more

6 Senators Challenge 1,250% Bitcoin Capital Rule They Say Blocks Banks From Crypto

by
A growing dispute in Washington over bank capital requirements could have major implications for institutional bitcoin adoption. Senators are challenging a 1,250% risk weight that they argue makes holding BTC prohibitively expensive for regulated banks. Senate Pressure Builds Over Bank Rules That Could Shape Bitcoin Access U.S. senators disclosed on June 4 a renewed push … Read more

Hyperliquid’s UK warning reveals the regulatory test behind its Wall Street push

by
Hyperliquid’s rapid growth has drawn a warning from Britain’s financial regulator, adding a consumer-protection concern to a platform increasingly watched by Wall Street and traditional market operators. The Financial Conduct Authority (FCA) placed Hyperliquid and the Hyper Foundation on its warning list, saying the firm may be providing or promoting financial services in the UK … Read more

A little-known 1,250% rule could lock US banks out of Bitcoin

by
A group of Republican senators is warning US bank regulators that a little-known capital rule could effectively keep banks out of Bitcoin, even as Congress moves to give traditional financial firms a larger role in digital asset markets. In a May 27 letter to Federal Reserve Vice Chair for Supervision Michelle Bowman, FDIC Chair Travis … Read more

CLARITY Act Push Gains Momentum as Lawmakers Race to Lock in US Crypto Rules

by
The CLARITY Act push is gaining momentum as lawmakers seek federal rules for digital asset markets. The proposal has attracted support from congressional leaders, industry organizations, consumer-focused groups, national security veterans, and President Donald Trump. CLARITY Act Push Gains Momentum as Lawmakers Warn of Global Stakes Momentum behind the Digital Asset Market Clarity Act (CLARITY … Read more