Crypto News
Regulation By Enforcement Is Out at CFTC, Acting Chair Pham Says
U.S. Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham said Tuesday the regulatory agency has reorganized its enforcement division to “refocus” on fraud and “stop regulation by enforcement.”Under former Chairman Rostin Behnam, the CFTC’s Division of Enforcement had a variety of task forces, including one focused on insider trading, another focused on cybersecurity and emerging technologies and a third aimed at combatting environmental fraud. The new reorganization slims the number of task forces down to just two.The newly-created Complex Fraud Task Force is tasked with handling the enforcement, from preliminary inquiries to litigations, of complex fraud and manipulation across all asset classes. Paul Hayeck, deputy director of the enforcement division, will be the Complex Fraud Task Force’s acting chief....
Trump’s SEC Crypto Task Force Reveals Plan to Get Out of Regulatory ‘Mess’
The SEC's new crypto task force lead has unveiled a list of priorities, all while taking aim at the "mess" created by the previous approach.Source link
Satoshi Nakamoto’s Bitcoin Holdings Now Tracked on Arkham
Arkham Intelligence has added 22,000 addresses linked to Satoshi Nakamoto, revealing a total balance of over 1 million BTC, valued at approximately $100 billion. (Read More)Source link
Bitcoin Price Analysis: Bears Tighten Grip as BTC Drops Below $97K
Bitcoin price over the past sixty minutes ranged from $96,318 to $97,286, with a market capitalization of $1.92 trillion and a 24-hour trade volume of $70.59 billion, while intraday trading spanned from $96,318 to $102,614. Tuesday’s dump follows the U.S. crypto czar telling the press the President asked him to “evaluate” a strategic bitcoin reserve.Source link
SEC Commissioner Hester Peirce Lays Out 10 Priorities for New Crypto Task Force
The U.S. Securities and Exchange Commission’s (SEC) newly-created Crypto Task Force is working to create long-awaited regulatory clarity for the crypto industry, according to a Tuesday statement from Commissioner Hester Peirce.Pierce, who was appointed by Acting Chair Mark Uyeda to spearhead the Crypto Task Force, laid out 10 of the group’s priorities, including resolving the question of what makes a cryptocurrency a security vs. a commodity, and creating a more “viable” path to registration by modifying the SEC’s existing paths.Other priorities include “provid clarity about whether crypto-lending and staking programs are covered by the securities laws” and deciding which parts of the market fall outside the SEC’s jurisdiction.The Crypto Task Force was established just two weeks ago, one day after...