Crypto.com chooses Paris for European headquarters
The Singapore-based business announced on Wednesday that the cryptocurrency network Crypto.com would establish its European regional headquarters in Paris.
Crypto
Banks should manage heightened risks from crypto firm deposits –Fed’s Barr
According to Michael Barr, the vice chair of supervision at the Federal Reserve, banks that accept deposits from cryptocurrency companies should be wary of increasing liquidity concerns, especially if enterprises are closely linked to other businesses that deal in digital assets.
Crypto intermediaries should register with U.S. SEC, agency chair says
As with other market intermediaries, companies that assist in facilitating transactions in the cryptocurrency market should register with the U.S. Securities and Exchange Commission (SEC), according to the agency’s head on Thursday. According to Gary Gensler, intermediaries in the cryptocurrency market perform a number of activities that are subject to SEC regulation, including acting as an exchange, broker-dealer, … Read more
Coinbase backs lawsuit against U.S. Treasury over Tornado Cash sanctions
On Thursday, cryptocurrency exchange Coinbase said that it was sponsoring a lawsuit against the U.S. Treasury Department to prevent penalties prohibiting Americans accessing Tornado Cash, a virtual currency mixer suspected of assisting hackers in repurchasing stolen data. Six Tornado Cash users have claimed the Treasury Department of breaching their constitutional rights to free expression and exceeding its jurisdiction … Read more
Elon Musk $258 billion Dogecoin lawsuit expands
Elon Musk is accused of orchestrating a pyramid scheme to promote the cryptocurrency Dogecoin in the $258 billion racketeering complaint, which has grown to include six other defendants as well as his tunnel building company, Boring Co., and seven additional investor plaintiffs.