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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they are qualified custodians.” Gary Gensler Proposes Including Crypto in
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In addition to this arrest, South Korea’s National Tax Service had also opened a separate investigation into the possible tax evasion at Bithumb and its affiliates.On Thursday, February 2, Kang Jong-Hyun, the former chairman of South Korea-based crypto exchange Bithumb was arrested on charges of embezzlement, fraudulent illegal transactions, and
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South Korean prosecutors had sought the arrest of Jong-Hyun last week along with two other executives – including his younger sister, Kang Ji-Yeon, the CEO of two publicly traded Bithumb affiliates, Inbiogen and Bucket Studio, according to local reports. Source
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Luzius Meisser, chairman of the Swiss crypto firm, weighs in on why the E.U. is likely to try to build a firewall around crypto rather than prohibit its use altogether. Original Source
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It remains unclear which regulator will have jurisdiction and control over different types of assets.A newly-formed United States House of Representatives committee on digital assets, financial technology, and inclusion, has revealed its plans to make stablecoin regulation its top priority. Speaking to CoinDesk on Thursday, the chairman of the committee,
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French Hill, a Republican, said the newly formed subcommittee on digital assets will look to tackle stablecoins first. Original Source
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The host of Mad Money, Jim Cramer, has thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to the “crypto bullies” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer has repeatedly warned about the SEC cracking down on uncompliant crypto firms, urging
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that most crypto tokens will fail. He has urged investors not to “get caught up in the FOMO, the fear of missing out,” emphasizing that crypto is a highly speculative, non-compliant asset class. Gary Gensler Expects
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Prosecutors in South Korea were seeking an eight-year prison sentence for Lee Jung-hoon, who was acquitted in the first court hearing. Original Source
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When Terraform Labs and its associated tokens collapsed, Bithumb was one of the exchanges that were raided by the authorities in the search for evidence that could help the investigation.Bithumb’s former Chairman Lee Jung-Hoon of the South Korean cryptocurrency trading platform has been declared not guilty of fraud charges dating
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