Novogratz hopes Biden admin reverses Trump’s anti-crypto stance

Galaxy Digital CEO calls Trump’s crypto policies “anti-dollar” and “anti-innovation.” The United States is in desperate need of open-minded cryptocurrency regulations from the incoming Biden administration, according to Galaxy Digital CEO Mike Novogratz.  Appearing in a Thursday segment of CNBC’s Sqwuak Box, Novogratz said the Bitcoin (BTC) bull market has proven resilient to the recent […]

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SEC unveils suit against Ripple, calling XRP a ‘$1.3B unregistered securities offering’

The commission is alleging Garlinghouse, Larsen and Ripple have participated in an “unregistered, ongoing digital asset securities offering” to investors since 2013. The U.S. Securities and Exchange Commission has taken legal action against Ripple as well as its CEO Brad Garlinghouse and co-founder Christian Larsen. In charges filed today in federal district court in Manhattan, […]

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Traditional banks offer digital asset custody amid compliance legislation

Compliance and regulations become more important than ever before for banks and traditional institutions that offer support for digital assets. More and more traditional banks have started announcing support for digital assets as the price of Bitcoin (BTC) continues to make headlines for record-breaking all-time highs. Even major banks like JPMorgan Chase, which previously frowned […]

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OKCoin says crypto industry lacks means to comply with new US Treasury proposal

If passed, the United States’ crypto wallet proposal would create significant hassles for digital asset exchanges. U.S. Treasury Secretary Steven Mnuchin recently dropped a proposal requiring exchanges and crypto platforms to verify the identity of customers exporting digital assets to self-hosted wallets. Crypto exchange OKCoin noted the proposal would create additional work for exchanges.  “Upon […]

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