CryptoNews

Gary Gensler Explains Why SEC Is Taking Litigation-Heavy Strategy to Regulate Crypto – Regulation Bitcoin News

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has explained why the securities regulator is taking a litigation-heavy strategy to regulate the crypto industry. The SEC chair insisted that enforcement actions against crypto firms are not brought with a political agenda, emphasizing that he is protecting the American public. “This is a field where the American public is at…
Read more
CryptoNews

Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin – Exchanges Bitcoin News

Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already listed the coin and provides liquidity for its market. Crypto.com Joins Payments Giant Paypal and Fintech Firm Paxos to ‘Further Enable Paypal…
Read more
CryptoNews

US Representative Introduces Legislation to Mandate Reporting of Off-Chain Crypto Transactions to the CFTC – Regulation Bitcoin News

Virginia’s Democratic representative Don Beyer has ushered in a fresh bill mandating the documentation of off-chain transactions and over-the-counter (OTC) crypto engagements by cryptocurrency exchanges, to be catalogued in a repository under the purview of the U.S. Commodity Futures Trading Commission. New Legislation Targets Off-Chain Transfers in Crypto Industry Representative Don Beyer…
Read more
CryptoNews

Binance Ending Operations in Russia — Crypto Exchange to Focus on 100+ Other Countries – Exchanges Bitcoin News

Crypto exchange Binance is closing down all exchange services and business lines in Russia. The company has entered into a sales agreement with Commex. A Binance executive explained that operating in Russia is not compatible with the company’s compliance strategy. “We remain confident in the long-term growth of the Web3 industry around the world and will focus our energy on the 100+ other…
Read more