issuers

Stablecoin Issuers Speak Out as UST Craters

Stablecoin Issuers Speak Out as UST Craters

Since Terra began blowing up, DAI, the five-year-old overcollateralized stablecoin overseen by the MakerDAO community, has held its peg and carried out liquidations of collateral in an orderly fashion overnight, which has been “a great test of the system,” said Luca Prosperi, a leader on lending oversight at MakerDAO. Source link

Treasury official touts the 'flexibility' of bank charters for stablecoin issuers during Senate hearing

Treasury official touts the ‘flexibility’ of bank charters for stablecoin issuers during Senate hearing

In its push for greater stablecoin oversight, the US Treasury Department is trying to soften its central proposed regime. This was particularly apparent in a hearing before the Senate Banking Committee today.  In the second of two hearings on a report on stablecoins from the President’s Working Group on Financial Markets, a senior Treasury official …

Treasury official touts the ‘flexibility’ of bank charters for stablecoin issuers during Senate hearing Read More »

SEC issues no-action letter in response to digital asset securities questions

SEC fines ICO rating website for taking money from issuers in exchange for better reviews

On July 14, the U.S. Securities and Exchange Commission unveiled settled charges against UK-based Coinschedule.  Accessible in the U.S. from 2016 to August 2019, Coinschedule was a platform that reviewed upcoming initial coin offerings, providing seemingly objective perspective as to which ICOs were more or less scammy.  Per the SEC’s order: “The platform claimed to …

SEC fines ICO rating website for taking money from issuers in exchange for better reviews Read More »

EU finance ministers call for restrictions on stablecoin issuers

EU finance ministers call for restrictions on stablecoin issuers

Finance ministers from major European Union members are calling for the bloc’s executive arm to put in place significant curbs on stablecoins and their issuers.  According to Reuters, officials from France, Germany, Spain, the Netherlands and Italy issued the call on the first day of an EU event being hosted in Berlin this weekend. Reuters …

EU finance ministers call for restrictions on stablecoin issuers Read More »

Top crypto exchanges, token issuers named in Friday barrage of U.S. class-action lawsuits

Top crypto exchanges, token issuers named in Friday barrage of U.S. class-action lawsuits

Well-known crypto market players and companies were hit by a barrage of new lawsuits filed Friday in New York federal court.  Eleven new putative class actions were filed on April 3 by the Roche Freedman law firm in the Southern District of New York. They separately name Binance, Civic, BProtocol, Status, Block.one, KayDex, Quantstamp, BiBox, …

Top crypto exchanges, token issuers named in Friday barrage of U.S. class-action lawsuits Read More »