The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve’s stablecoin.
Crypto Wet Articles
DOJ sues Visa over alleged payments monopoly
The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market.
US representative criticizes Gensler as most ‘destructive’ SEC chair during hearing
SEC Chair Gary Gensler faced criticism from lawmakers and agency members during a House Financial Services Committee hearing over his handling of crypto regulation in the United States.
Pavel Durov breaks silence for first time since arrest
The Telegram founder is currently prohibited from leaving France and must check in with law enforcement on a weekly basis.
US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal
Notes from a 2023 conference call between Assistant US Attorneys revealed allegations against Ryan Salame tied to Alameda Research’s bribery scheme in China.
CFTC charges Uniswap with illegal derivatives trading
The CFTC said Uniswap had settled a charge that it illegally offered derivatives trading, though two commissioners dissented.
Ripple and SEC agree to stay $125M judgment, hinting at appeal
Though the SEC may choose not to appeal the Aug. 7 decision, Ripple’s lawyers requested that 111% of the monetary judgment be placed into a bank account to obtain a stay.
New regulators are set to define Europe's crypto policies
The European Parliament is set to establish a new European Commission, and it will determine the next five years of crypto policy for the European Union.
‘The crypto voting bloc is not voters’: Political scientists debate election impact
Recent polling among cryptocurrency holders has candidate Donald Trump firmly ahead of his opponent, but researchers are undecided about whether it even matters.
Robinhood reaches $3.9M settlement over blocked crypto withdrawals
Robinhood Crypto LLC has agreed to pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts between 2018 and 2022.
Fed hits Texas bank with cease and desist over servicing crypto firms
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.
Japan’s finance regulator calls for lower crypto taxes in 2025
Japan’s Financial Services Agency has released plans to overhaul the nation’s tax code, which could lower the tax rate on crypto assets in 2025.