Category: Regulation

Ripple’s Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEO

Ripple chief executive officer Brad Garlinghouse said Friday that the company’s business in the Asia-Pacific region has not suffered from the ongoing regulatory issues in the U.S. Ripple’s Business in Asia and Japan Sees Growth Ripple is facing a $1.3 billion lawsuit from the U.S. Securities and Exchange Commission (SEC). In December, the SEC charged […]

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Indictment Order Issued Against Leaders of the Geek Group for Their Role Using BTC in an Illegal Money Transmission Business

A U.S. District Court has indicted three individuals behind the now-defunct Geek Group for their role in running an illegal money transmission business that used bitcoin to move funds across states. According to the indictment documents, it was Christopher Allan Boden then president of the Geek Group, who “sold bitcoin to numerous customers, in exchange […]

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Jim Rogers Regrets Not Buying Bitcoin but Warns Governments May Outlaw Cryptocurrencies

Renowned investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, now regrets not buying bitcoin. However, he is still worried that governments can outlaw bitcoin if it becomes a viable currency. Jim Rogers’ Bitcoin Regret Jim Rogers said in an interview with Real Vision this week that he wished he had […]

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Ripple’s Garlinghouse, Larsen to file motions to dismiss in SEC lawsuit

Twin letters filed in federal court indicate that Ripple CEO Brad Garlinghouse and co-founder Chris Larsen will seek a dismissal of the Securities and Exchange Commission’s ongoing lawsuit. The letters, linked here and here, set forth the arguments for dismissal. Both letters highlight pending motions to dismiss, which as of press time are not publicly […]

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Thai Financial Regulator Claims Controversial Crypto Rule Proposal Was Just to Gauge Public Opinion

The Thai financial watchdog has reportedly retreated from its initial controversial crypto rule proposal. Citing the country’s Securities and Exchange Commission (SEC), a local media outlet stated that public criticism was significant regarding the matter. People ‘Misunderstood’ Minimum Annual Income Rule, Claims the SEC According to the Bangkok Post, the Thai SEC is retracting from […]

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U.S. prosecutors discussing surrender agreement with former BitMEX CEO Arthur Hayes

Arthur Hayes could surrender to U.S. authorities as soon as next month, prosecutors told a New York judge during a February hearing. According to court documents obtained by The Block, Hayes — the co-founder and former CEO of the crypto derivatives exchange — is “currently residing abroad in Singapore” and in discussions with the U.S. […]

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Biden’s SEC Chair Pick Gary Gensler Reveals Policies on Bitcoin and Crypto Regulation

Gary Gensler, President Joe Biden’s pick to lead the U.S. Securities and Exchange Commission (SEC), has revealed his policies on bitcoin and other cryptocurrencies if confirmed as the SEC chairman. Gensler is a professor at MIT who teaches cryptocurrencies. He previously served as the chairman of the Commodity Futures Trading Commission (CFTC). SEC Chair Nominee […]

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