John Deaton vows to hold the SEC accountable for XRP investors’ $15B loss due to the Ripple lawsuit. He plans to introduce bills to expose regulatory capture and prevent regulators from joining industries they oversaw. #XRP #CryptoRegulation
$KRAKEN requests a jury trial against the SEC’s allegations of operating as an unregistered securities exchange, broker, and clearing agent. This case could set a pivotal precedent for crypto regulation in the U.S. @SECGov.
Congressman John Rose introduces the BRIDGE Act to create a joint SEC-CFTC advisory committee with diverse crypto industry representatives. The initiative aims to shift toward a supportive regulatory framework, potentially positioning the US as a leader in global digital asset regulation.
SEC halts most crypto trading on eToro USA, allowing only $BTC, $BCH, and $ETH. eToro to pay $1.5M for unregistered operations. Users have 180 days to sell other crypto assets. @SECGov increases scrutiny on digital platforms.
CFTC halts Kalshi’s election betting market within 24 hours of launch following court order. Crypto analysts predict significant $BTC fluctuations depending on US presidential election outcome, with $30,000 to $90,000 estimates. Kamala Harris and Donald Trump nearly equally likely to win.
Kalshi halts US election trading after CFTC wins court stay. Judge Cobb had ruled CFTC overstepped by blocking election bets. Crypto analysts predict Bitcoin price swings based on election results.
SEC Chair Gary Gensler’s stringent cryptocurrency regulations face bipartisan criticism, with calls for his removal from both Republican lawmakers and key Democratic donors. Ripple CEO Brad Garlinghouse predicts Gensler’s exit, impacting the future of crypto market stability.
Tennessee Congressman John Rose introduces the BRIDGE Digital Assets Act, aiming to harmonize SEC and CFTC crypto regulations. The bill proposes a 20-member private sector advisory committee, focusing on decentralization, security, and customer protections.
eToro to halt trading of most cryptocurrencies after SEC settlement, retaining only $BTC, $BCH, and $ETH. Faces $1.5M fine for operating as unregistered broker. Clients have 180 days to sell unsupported assets. @SECGov
CFTC teams up with the American Bankers Association Foundation and SEC’s Investor Education Office to combat “pig butchering” crypto scams costing Americans billions. Initiatives include infographics and alerts to protect investors and reduce fraud.
UK Parliament introduces the Property (Digital Assets etc) Bill, classifying digital assets like cryptocurrencies and NFTs as personal property. This legal clarity aims to protect owners from fraud and includes carbon credits as personal property.
Binance.US partners with Fireblocks to enhance crypto security with secure wallet storage and expanded staking services. This collaboration aims to meet regulatory standards and boost user trust.
SEC Commissioner Hester Peirce criticizes SAB 121, arguing it hinders crypto industry growth. SEC’s Paul Munter defends it, citing transparency and risk management. Debate underscores need for clearer regulations in the evolving digital asset market.
$XRP whales transfer 95M XRP to @Binance amid SEC appeal, fueling market speculation. Previous 60M XRP transfer seen on August 29. SEC-Ripple agreement on $125M penalty adds to volatility, with prices hovering near critical $0.50 support level.
