U.S. Consumer Finance Watchdog Wants to Oversee Major Tech, Some Crypto Payments
A proposed rule would let the CFPB supervise nonbank payment providers and transactions between people, including some crypto transactions. Source
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FTX engages Galaxy Digital to oversee, sell, and hedge its crypto assets
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bankrupt exchange FTX wants to hire Mike Novogratz’s Galaxy to assist with selling, staking, and hedging its crypto assets. The proposed agreement would see Galaxy managing and trading certain digital assets owned by FTX to convert them into fiat
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Coinbase Hires Ex-Shopify Exec To Oversee Canada Operations
“We are investing significant resources in local Canadian innovation,” Coinbase said. “Additionally, our global leadership team will be making frequent trips to Canada to engage with regulators, partners, and the community, to better understand the Canadian market and its unique needs.” Source
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Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report
Stablecoin issuer Tether Holdings is relying on the services of a major Wall Street firm to manage its Treasury portfolio, according to a Feb. 10 report by The Wall Street Journal. Citing sources familiar with the matter, the Journal reported that financial services company Cantor Fitzgerald is helping Tether oversee a $39
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US House Republicans to Set Up Crypto Committee to Oversee Shaky Industry: Report
The new subcommittee on digital assets, financial technology and inclusion will be chaired by Rep. French Hill (R-Ark.), who has investigated the viability of a central bank digital currency. The vice chair of the subcommittee will be Rep. Warren Davidson (R-Ohio), who has also been active on crypto issues. Source
Read MoreU.S. SEC Chair Clayton Nominated to Oversee Crypto Regulatory-Heavy NY
United States Attorney General William Barr announced that President Trump will most likely task Jay Clayton as the legal enforcer for a chunk of New York — a state that has historically held a heavy-handed regulatory stance on crypto. Barr said in a June 19 statement from the Department of Justice,
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