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A former OpenSea executive, Nathaniel Chastain, has been arrested and booked on charges of insider trading of NFTs, money laundering and wire fraud. Per the press statement released by the U.S. Attorney’s Office in the Southern District of New York (SDNY), Nathaniel Chastain was arrested officially on Wednesday and charged
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The order will begin creating a regulatory framework for blockchain technologies and crypto financial assets. Source
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Gavin Newsom, the governor of California, has signed an executive order aimed at harmonizing a regulatory framework for blockchain between the federal government and the U.S. state as well as spurring innovation in the space. In a Wednesday announcement, the California governor’s office said executive order N-9-22 and the California
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Regulation surrounding digital assets now seems to be picking up, but what would such a framework entail and if defined, how would the digital asset ecosystem look? Source
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“One thing we’ve heard quite frequently is that clients are approaching and investing in this space away from the advisory relationship, which undermines advisors’ ability to deliver cohesive holistic advice for their clients,” Louvar said. “One way they’re looking to bridge the gap is through regulated products to provide access,
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European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance. Panetta said the issuance of central bank digital currencies, or
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The longtime bitcoin supporter was as optimistic as ever about bitcoin in a conversation with Ark’s Cathie Woods at Bitcoin 2022 in Miami. Source
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This real-world situation, coupled with the executive order, is a powerful opportunity for industry to demonstrate to policymakers how crypto can be used for good. The revolutionary payment system, with a public and traceable ledger, has the potential to change the way we send, store and receive money, especially during
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United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets on March 9. The order had been expected for several months, giving some in the industry ample time to build up trepidation. Once the executive order, or EO, was released, however, it was met
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President Biden announced his executive order last week. It’s light on practical effects but the symbolism may be the point. Source
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