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SEC Wants to Prevent XRP Holders from Assisting Court

The U.S. Securities and Exchange Commission has informed that court that it plans to file an objection to an amici request permission requested by XRP holders.It is asking Judge Analisa Torres for an extension of time until June 7 due to the upcoming holiday and other briefing deadlines. Defendants and counsel for amici curiae have no objection to the request, which means that the court will highly likely approve it.As reported by U.Today, attorney John Deaton’s motion to intervene was denied in

u.today5 h ago1 min read
SEC Wants to Prevent XRP Holders from Assisting Court

Crypto Poses Risk to Financial Stability in ‘Present Trajectory’: ECB

In a report published today titled "Decrypting financial stability risks in crypto-asset markets," part of the ECB's twice-yearly Financial Stability Review, the European regulator emphasized the danger posed by the increasing integration of crypto with traditional finance. "If the present trajectory of growth in the size and complexity of the crypto-asset ecosystem continues, and if financial institutions become increasingly involved with crypto-assets," the report concludes, "then crypto-asset

decrypt.co11 h ago3 min read
Crypto Poses Risk to Financial Stability in ‘Present Trajectory’: ECB

South Korean Crypto Exchanges to Face Closer Supervision Following Terra Collapse

After hundreds of thousands of investors fell victim to the collapse of the Terra stablecoin and its sister token LUNA, South Korean financial authorities are planning to enhance monitoring of local crypto exchanges and introduce legal safeguards in the industry, _The Korea Times_ reported Tuesday."We need to make exchanges play their proper role, and toward that end, it is crucial for watchdogs to supervise them thoroughly," Rep. Sung Il-jong of the ruling People Power Party said during a Natio

decrypt.co13 h ago3 min read
South Korean Crypto Exchanges to Face Closer Supervision Following Terra Collapse