TDLR;CEXs and DEXs are often seen as competitors, but can be complementary with a CEX running a decentralized backend to guarantee security, transparency and permissionless transactionsCentralized frontends are needed for users that can’t or won’t self-custody. Not ev
In the U.S., the claim that crypto faces "regulation by enforcement" is giving way to a growing and real threat of a "ban by enforcement," all at the cost of protecting American consumers and markets.The overwhelming majority of digital asset players want to be compliant and safe
Proving that economics is more an art than a science, Federal Reserve Chairman Jerome Powell said the central bank will "skip" a round of rising interest rates. This left market analysts to debate the meaning of the word.For the first time in over a year, the Federal Reserve has
The House Financial Services Committee heard testimony from experts and insiders yesterday on the burning question of the best way to regulate digital asset markets. The discussion was specifically focused on a pair of draft bills on crypto market structure and stablecoin regulat
If you're nearing retirement age, you might be looking to get out of the United States. People have many reasons for leaving the U.S, whether it's personal affordability, politics, economic fears or...
The long awaited “Hinman docs” have finally been unsealed, a move that some believe could play a crucial role in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple. Ripple is being sued by the securities regulator for an alle
Binance, Binance.US and Changpeng "CZ" Zhao published their first responses to the SEC’s lawsuit against them and, taken at face value, the stakes appear to be dire. But by the end of the day, we may get a better sense of how the case is proceeding and what a judge thinks a
Much of the crypto community believes the SEC recent lawsuits against Binance and Coinbase are arbitrary, unfair and based on shaky legal foundations.Not Joshua Klayman.
A draft bill by House Financial Services Committee Chair Patrick McHenry (R-NC) and Agriculture Committee Chair Glenn "GT" Thompson (R-PA) shows just how impossible it is to write crypto legislation that exempts tokens from securities laws while keeping traditional securities iss
In April, the U.S. Securities and Exchange Commission (SEC) reopened the comment period for proposed set of rules that would redefine various blockchain protocols as U.S. regulated securities exchanges, a second try at reining in decentralized finance (DeFi) from early 2022.The p
After years of grandstanding on crypto, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has finally put skin in the game.A lot of skin.
In anticipation of the next halving event for Bitcoin, researchers from JPMorgan have declared their belief that the underlying asset will remain strong.
When Gary Gensler’s Securities and Exchange Commission (SEC) this week filed securities charges against America’s biggest cryptocurrency exchange, they were premised on a single core idea: that U.S. law already includes the necessary tools to regulate cryptocurrency a
The Securities and Exchange Commission’s lawsuits against Binance and Coinbase this week have set up a high-stakes battle that will engage all three branches of the U.S. government in a competition for power, determine whether the crypto industry will decamp the U.S. for go
If you're nearing retirement age, you might be looking to get out of the United States. People have many reasons for leaving the U.S, whether it's personal affordability, politics, economic fears or...
Giving away free non-fungible tokens (NFT) or cryptocurrencies through airdrops to promote investing in digital assets would be prohibited after the U.K. Financial Conduct Authority’s (FCA) new rules come into effect, an official at the regulator told CoinDesk.The U.K.&rsqu
After news broke that the U.S. Securities and Exchange Commission (SEC) is suing Binance, the Chief Executive of the world’s largest crypto exchange, Changpeng Zhao (aka CZ), took to a familiar strategy: tweeting. CZ’s first Twitter communiqué was just the numb
Well I was going to write about last week’s market structure bill but then the SEC sued Binance and y i k e s. So let’s talk about Binance. And then the SEC sued Coinbase! Double y i k e s. So let’s talk about both of them.You’re reading State of Crypto, a
U.K. lawmakers appear to be divided on how crypto should be treated by the country's regulators. While some are suggesting crypto is akin to gambling, others support the government’s efforts to bring digital assets into the scope of existing financial services regulation.La