Crypto News
Unicoin CEO: Why Are We Still Under the SEC’s Gun?
WASHINGTON, D.C. — Unicoin CEO Alex Konanykhin said he's asked the U.S. Securities and Exchange Commission to pull its investigation against the crypto operation and hasn't yet received a response.Unicoin represented a final shot against the industry from previous Chair Gary Gensler's SEC, which informed the firm in an official notice late last year that the regulator intended to accuse it of fraud, deceptive practices and handling unregistered securities. The investigation was announced in the final days of President Joe Biden's administration in December, before the SEC's leadership was taken over by those selected by crypto fan President Donald Trump.The CEO, who has watched a dozen other crypto companies let off the hook of their enforcement actions by the agency's...
U.S. House Stablecoin Bill Goes Live in Flurry of Crypto Activity on Capitol Hill
The U.S. Congress' opening priority for the crypto industry is to quickly finish a stablecoin oversight bill, and the House of Representatives has released the text of its version on Wednesday, following in the heels of a recent committee approval of its Senate counterpart.The House version, introduced by Rep. Bryan Steil, who leads the House Financial Services Committee's crypto panel, and Rep. French Hill, the Republican chair of the overall committee, governs the way companies can issue dollar-denominated digital tokens.The new version will "close the gap" between the House efforts and the Senate version of the bill, Steil said during a conference appearance Wednesday.The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE Act) "is a strong continuation of...
Pumpswap Hits Record $488 Million in Daily Trading Volume, Eyes Market Growth
Pumpswap, the latest decentralized exchange (DEX) from Pump.fun, has hit record highs in daily and weekly trading volume, reaching $488 million and $1.55 billion, respectively. Despite its rapid growth, Pumpswap still trails Raydium in market dominance, signaling an ongoing battle for supremacy in Solana’s DEX ecosystem. PumpSwap’s Explosive Growth Looks to Challenge Raydium in SolanaSource link
Lawmakers Pushing Ahead on Stablecoin, Crypto Market Structure Bills
A group of U.S. lawmakers said legislators will meet in the coming days to advance efforts to enshrine crypto regulations into law. Source link
Sen. Gillibrand Warns Against a ‘Watered-Down’ Stablecoin Bill
U.S. Senator Kirsten Gillibrand (D-N.Y.), one of the leading Democrats supporting crypto legislation, warned the industry against pushing for a “watered-down” version of the long-awaited stablecoin legislation currently moving through the Senate, arguing that stringent regulations are necessary to foster innovation and protect investors from bank runs like the one on Silicon Valley Bank in 2023 and the collapse of crypto exchange FTX in 2022.Speaking at the D.C. Blockchain Summit in Washington, D.C. on Wednesday, Gillibrand said that the bipartisan stablecoin bill — Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) — creates a number of protections for consumers in the event of an issuer bankruptcy scenario.“You have to think through all the ways this can go wrong....