Author: Turner Wright

Coinbase could face SEC enforcement action for ‘potential violations of securities law’

CoinTelegraph

Crypto exchange Coinbase said it received a ‘Wells Notice’ from the United States Securities and Exchange Commission recommending the regulator take enforcement action. In a March 22 blog post, Coinbase said the “legal threat” could potentially target the exchange’s staking Read More

US lawmaker suggests Signature’s collapse was tied to instability of crypto

CoinTelegraph

Michael Bennet, a United States senator representing the state of Colorado, has suggested that banks associated with crypto firms did not make “prudentially sound” decisions. Speaking at a March 16 hearing of the Senate Finance Committee, Bennet brought up the Read More

ETHDenver 2023: Cointelegraph afterparty delivers a ‘packed house’ and other notable events

CoinTelegraph

In this episode of Decentralize with Cointelegraph, United States policy reporter Turner Wright and opinion editor Rudy Takala speak to listeners about their experiences at the ETHDenver conference from Feb. 24 to March 5. Wright arrived in time to interview Read More

Recent contagion was ‘TradFi to crypto’ and not vice versa — Circle policy director

CoinTelegraph

Caroline Hill, the director of global policy and regulatory strategy for stablecoin issuer Circle, has placed some of the blame from the recent collapse of banks tied to crypto on traditional financial institutions rather than digital assets. Speaking at a Read More

Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO

CoinTelegraph

The collapse of crypto exchange FTX and other bearish events in the space were at the center of discussions among lawmakers and witnesses at the inaugural hearing of the United States House Committee on Financial Services’ Subcommittee on Digital Assets, Read More

US REPO task force names crypto as target in efforts involving $58B in sanctioned assets

CoinTelegraph

The United States Treasury has announced deputies of the multilateral Russian Elites, Proxies and Oligarchs (REPO) Task Force have targeted crypto in Russian entities’ attempts to evade sanctions. In a March 9 announcement, the U.S. Treasury said the task force Read More

Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing

CoinTelegraph

The Office of the Attorney General for the District of Columbia in the United States is moving forward on a lawsuit against business intelligence firm MicroStrategy executive chair Michael Saylor related to tax evasion. According to a Feb. 28 filing Read More

FTC announces investigation into Voyager’s ‘deceptive and unfair marketing’ of crypto

CoinTelegraph

The United States Federal Trade Commission, or FTC, said it had started an investigation of crypto lending firm Voyager Digital parallel to the company’s bankruptcy proceedings. In a Feb. 22 filing in U.S. Bankruptcy Court for the Southern District of Read More

‘Regulators let the bad guys get big’ — Kraken CEO speaks out after SEC settlement

CoinTelegraph

Jesse Powell, CEO of crypto exchange Kraken, has called out United States financial regulators for letting “the bad guys” win to suit their agenda. In a Feb. 19 Twitter thread, Powell speculated that U.S. regulators — seemingly including the Securities Read More

SEC chair issues warning to celebrities promoting crypto amid latest enforcement action

CoinTelegraph

The United States Securities and Exchange Commission has announced a $1.4-million settlement with former NBA player Paul Pierce for allegedly promoting a token project on social media. In a Feb. 17 announcement, the SEC said Pierce touted EthereumMax (EMAX) tokens Read More

Charity tied to former FTX exec made $150M from insider trading: Report

CoinTelegraph

Polaris Ventures, a charity created by former FTX and Alameda chief of staff Ruairi Donnelly, reportedly wants to access roughly $150 million earned from insider trading on the bankrupt exchange’s tokens. According to a Feb. 14 Wall Street Journal report, Read More

Circle blew the whistle on Binance reserves to NYDFS: Report

CoinTelegraph

New York State’s Department of Financial Services, or NYDFS, reportedly received a complaint from stablecoin issuer Circle regarding Binance’s reserves prior to its crackdown on BUSD. According to a Feb. 13 Bloomberg report, Circle alerted NYDFS in an autumn 2022 Read More

Crypto Council for Innovation GC to testify at US Senate ‘crypto crash’ hearing

CoinTelegraph

United States lawmakers with the Senate Banking Committee have announced three witnesses scheduled to appear before a hearing scheduled on Feb. 14. At the time of publication, the U.S. Senate Banking Committee’s hearing titled ‘Crypto Crash: Why Financial System Safeguards Read More

Sam Bankman-Fried’s holding company files for bankruptcy

CoinTelegraph

Emergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua and Barbuda, has filed for bankruptcy protection. According to court records filed on Feb. 3, Emergent Fidelity Technologies submitted a voluntary petition to declare bankruptcy under a Chapter 11 Read More

Social token platform Rally announces shutdown of sidechain

CoinTelegraph

Rally, a social token platform, has announced nonfungible tokens (NFTs) on its sidechain will no longer be accessible. Users reported across social media platforms that Rally said the platform’s sidechain will “begin to sunset” after Jan. 31, leaving users unable Read More