U.S. Tightens Crackdown on Crypto With Lawsuits Against Coinbase, Binance June 7, 2023 By Jonathan Stempel, Hannah Lang and John McCrank The top U.S. securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major...
SEC Sues Binance and Founder Zhao Over ‘Web of Deception’ June 6, 2023 By Hannah Lang, Jonathan Stempel and Tom Wilson U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further...
Fed Plans Broad Revamp of Bank Oversight After SVB Failure April 28, 2023 By Ann Saphir, Hannah Lang and Chris Prentice The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for...
Coinbase Files Legal Challenge to Push SEC to Write Rules on Crypto April 25, 2023 By Hannah Lang Coinbase Global Inc filed a petition on Monday in an effort to compel the U.S. Securities and Exchange Commission to...
SEC Sees Decentralized Crypto Platforms as Exchanges, Seeks Public Input April 18, 2023 By Chris Prentice and Hannah Lang The U.S. Securities and Exchange Commission met on Friday to open public comment again on its proposal to expand the...
SVB Failed From Mismanagement, Not Loose Regulations: FDIC April 13, 2023 By Hannah Lang Management failures, not loose regulations, prompted Silicon Valley Bank’s sudden failure last month, a top Federal Deposit Insurance Corporation (FDIC)...
Fed Official Tells Congress Many to Blame for Silicon Valley Bank Failure March 30, 2023 By Hannah Lang The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve supervisors and other regulators, the...
Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry March 24, 2023 By Chris Prentice and Hannah Lang Coinbase debuted on the U.S. stock market on April 14, 2021 – the same day U.S. senators confirmed Gary Gensler...
Crypto-Focused Bank Silvergate Plans to Wind Down Following Blow From FTX March 9, 2023 By Hannah Lang Crypto-focused bank Silvergate Capital Corp. said on Wednesday it planned to wind down operations and voluntarily liquidate after it was...
Trade Group Argues SEC Case Unfairly Labels Crypto as Securities February 23, 2023 By Hannah Lang Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S....