Archive for June 2023
UK Lawmakers Call for a Dedicated Government Role to Oversee Crypto Regulation
The crypto market has been growing rapidly in recent years, attracting millions of investors, innovators, and users around the world. However, the lack of clear and consistent regulation has also created challenges and risks for the industry, such as market manipulation, fraud, hacking, tax evasion, and money laundering. To address these issues and promote the…
Read MoreCongress Introduces A Game-Changing Crypto Bill
The crypto market has been in a downtrend since the beginning of the year, with the price of bitcoin, ethereum, BNB, solana, cardano, and XRP losing more than 50% of their value from their all-time highs. However, there is a major development on Capitol Hill that could turn cryptocurrency prices around. On Tuesday, two U.S.…
Read MoreSEC sues Binance and CEO Zhao
The Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the world’s largest crypto exchange, its CEO Changpeng Zhao, and its U.S.-based affiliates, BAM Trading and BAM Management, for allegedly lying to regulators and investors about their operations and offerings. The SEC accuses Binance and Zhao of operating unregistered national securities exchanges, broker-dealers,…
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