Tag: Crypto

Former SEC Director accused of corruption, how might this affect the Ripple case?

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By Samuel Wan. April 11, 2022. (Cryptoslate).

Whistleblower group Empower Oversight has released details of emails received in a freedom of information request related to the ongoing SEC vs. Ripple lawsuit.

Among the 200 pages or so, they say there is evidence that former SEC Director William Hinman had a conflict of interest while initiating legal proceedings against Ripple.

The point of contention centers around Hinman’s involvement with the Ethereum Enterprise Alliance via New York-based legal firm Simpson Thacher. This was originally reported by CryptoSlate in April 2021.

However, things take a more ominous spin this time as the emails reveal damning information not known last year.

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Regulatory Uncertainty Is a Barrier for Wider Bitcoin Adoption

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By Mengi Sun. April 6, 2022. (Wall Street Journal)

MIAMI BEACH, Fla.—Uncertainty about how cryptocurrency regulation will roll out in the future, particularly in the U.S., remains a significant barrier for wider adoption of digital assets such as bitcoin, said panelists Wednesday at one of the largest bitcoin conferences of the year.

But speakers at the Bitcoin 2022 conference in Miami Beach, Fla., were optimistic that more policy makers and regulators were seeking to better understand the technology and to support innovation in the sector.

Biden to Sign Crypto Order as Firms Face Sanctions Pressure

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By Allyson Versprille and Jennifer Epstein. March 7, 2022. (Bloomberg)

President Joe Biden is set to sign an executive order this week that will outline the U.S. government’s strategy for cryptocurrencies, according to people familiar with the administration’s plans.

The order will direct federal agencies to examine potential regulatory changes, as well as the national security and economic impact of digital assets, said the people, who asked not to be named discussing the deliberations. The White House’s approach to crypto has attracted fresh attention in recent weeks after the U.S. and its allies levied sanctions on Russia, prompting concerns that organizations and individuals could use crypto to evade the restrictions.

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