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irisdrewson

@irisdrewson

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The legal ecosystem surrounding crypto assets in the US has “clearly changed” with the new presidential administration and “common sense prevailing in the US approach to crypto policy,” the Uphold CEO said.
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“Back then, Uphold announced that it ‘can’t ignore the recent SEC guidance on staking’ and was thus preemptively ending its staking services,” McLoughlin stated.
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Industry outrage over alleged debanking reached a crescendo when a June 2024 lawsuit spearheaded by Coinbase resulted in the release of letters showing US banking regulators asked certain financial institutions to “pause” crypto banking activities.
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Allaire’s comments come shortly after US representatives French Hill and Bryan Steil introduced a draft bill that would establish a regulatory framework for dollar-pegged payment stablecoins in the world’s largest economy.
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The truth is, LIBRA is far from an isolated incident. It shines a light on a much larger issue within the memecoin space: a market full of scams, insider trading and unfair advantages. Whether it’s through carefully coordinated promotions or strategically timed market moves, the deck is stacked against retail investors.
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Lawyers Marcos Zelaya and Jonatan Baldiviezo, along with engineer María Eva Koutsovitis and economist Claudio Lozano, have filed a criminal complaint that alleges Milei was complicit in fraud by promoting Libra, according to a Feb. 17 Associated Press report.
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Baldiviezo also accused Milei of violating the Public Ethics Law, which is Argentina’s framework for public officials, requiring them to declare asset holdings and conflicts of interest.
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Rombolá also said his firm is preparing a class-action suit for people who might have invested in the token and lost money.
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Trump’s order created a crypto working group led by White House AI and crypto czar David Sacks to come up with a legal framework for crypto and stablecoins, along with studying the possible creation of a national crypto stockpile.
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https://warpcast.com/darcyon3/0x800238ba
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A judge will be assigned to the case, or it will be referred to a prosecutor for further investigation on Feb. 17, according to the Associated Press report.
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Opposition lawmaker Leandro Santoro told Reuters he would be launching a request to impeach the president.
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Today in crypto, FTX is set to begin repaying $1.2 billion to creditors, marking a key step in the exchange’s bankruptcy proceedings, Argentine President Javier Milei made his first public statement since the disastrous Libra memecoin launch to deny any wrongdoing on his part, and the ratio of long to short positions on SOL in futures markets is tilting bearish as memecoin losses mount.
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In a Feb. 17 post on the X social media platform, Stark explained why the SEC requested a 28-day extension to answer Coinbase’s petition asking for permission to appeal.
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https://warpcast.com/danaver94/0xee7adf18
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Meanwhile, Argentine lawyer Agustín Rombolá, founder and associate of Rombola Mangione law firm, has filed a separate legal complaint about Milei promoting Libra.
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Ryan Selkis, a Trump backer and the former CEO of crypto research firm Messari, recommended the president-elect “fire” whoever launched the MELANIA memecoin, claiming they “don’t know what they’re doing” and don’t have Trump’s best interests in mind.
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Despite the criticisms, MELANIA and TRUMP have attracted trader attention like few tokens ever have, with the pair now having a total combined market cap of over $16 billion.
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According to Panetta, the crypto ecosystem is under global regulatory scrutiny due to risks including money laundering and financial stability concerns.
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irisdrewson
@irisdrewson
According to Panetta, the crypto ecosystem is under global regulatory scrutiny due to risks including money laundering and financial stability concerns.
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2 reactions