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During his recent testimony to lawmakers CFTC Chairman Rostin Behnam said that he believes Ether to be a commodity since it’s listed on CFTC and its derivatives marketplace. A day after the US Commodities and Futures Trading Commission (CFTC) filed a lawsuit against Binance, Chairman Rostin Behnam reiterated his stand
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In the high-stakes CFTC action against Binance, his agency claimed that several tokens – bitcoin, ether, litecoin and the stablecoins tether and BUSD – are commodities that Binance was illegally trading. A lawmaker in the House Appropriations Committee asked him in a budget hearing Tuesday whether he personally believed ether
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“I'm supportive of prudent innovation in the financial system, while at the same time concerned about banks engaging in activities that present a heightened risk of fraud and scams, legal uncertainties, and the prevalence of inaccurate and misleading financial disclosures,” he said. A bank that wants to involve itself in
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A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation for blockchain applications seeking
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“This is an absolutely baseless extortion attempt. The individual is falsifying information to come across as legitimate, and they're just trying to extort money out of companies. I'm sure we're not the first company on their list or the only scam they have running,” Jeff Lunglhofer, chief information security officer
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Both the ongoing downturn across cryptocurrency markets, and Ethereum’s upcoming merge were under the spotlight on the second day of ETH Community Conference. The wider Ethereum community descended on Paris for the largest annual European Ethereum event, with key roleplayers, companies and individuals taking part.Related: Will Ethereum Merge hopium continue, or
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“There are some vulnerabilities and risks in that space that do warrant a cautious and careful approach,” Hsu told reporters on a call about his agency’s Semiannual Risk Perspective (released Thursday), which again highlighted digital assets as a space that could pose dangers to lenders in the U.S. The agency
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Bitcoin defended key price support early on Thursday, strengthening the case for another move higher.Having faced rejection above $9,400 multiple times on Wednesday, the top cryptocurrency by market value came under pressure during the Asian trading hours today. Buyers, however, absorbed the selling pressure at $9,188, keeping the former resistance-turned-support
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