The cryptocurrency industry is currently facing regulatory challenges and lawmakers in the United States and the United Kingdom are set to bring the discussion into the public sphere. On June 13, both nations will host high-profile hearings, marking a pivotal moment in the ongoing debate over digital asset regulation. The UK Debate The U.K. Parliament
On Monday, House Republicans introduced a bill that would remove Gary Gensler, the current US Securities and Exchange Commission (SEC) Chair, and restructure the agency. The SEC Stabilization Act was introduced by Reps. Tom Emmer and Warren Davidson. Reason for the Bill According to a statement from House Majority Whip Emmer’s office, the bill aims
eToro, a trading platform that provides access to both stock and cryptocurrency markets, has announced that it will restrict access to certain cryptocurrency positions for US users. The decision comes as a result of regulatory concerns in a rapidly evolving landscape. Details of the Restriction According to an email shared with CryptoSlate on June 12,
On-chain data shows that Bitcoin miners are offloading their holdings, with miners sending a significant amount of coins to exchanges. This trend could be due to reduced earnings from a cooldown in Ordinals activity and the mining difficulty and hash rate reaching an all-time high. Glassnode, an on-chain analytics firm, reported that Bitcoin miners’ inflows
Coinbase shares have been deemed “uninvestable” in the short term due to the ongoing lawsuit filed by the Securities and Exchange Commission (SEC), according to a research report by Berenberg Capital. The report notes that the expected decline in second-quarter trading volumes on Coinbase had already been anticipated prior to the lawsuit. However, the legal
Robinhood, the US-based digital trading app, has announced that it will no longer support three major cryptocurrencies on its platform. The company has advised its users to sell or transfer their holdings before the deadline of June 27, after which the tokens will be automatically sold and converted to buying power on the app. Reason
Artificial intelligence (AI) has been making significant strides in the last six months, with the release of OpenAI’s generative AI chatbot, ChatGPT. The chatbot quickly became the fastest platform to reach 100 million users, impressing users with its ability to process information, problem-solve, and generate human-like responses to queries. The release of ChatGPT has sparked
Real-world asset (RWA) protocols have become increasingly popular in decentralized finance (DeFi) circles. These protocols allow entities to tokenize and trade a variety of real-world assets, including stocks, government bonds, real estate, and commodities. Referred to as asset tokenization protocols, they offer certain advantages over traditional finance (TradFi) by making smart contracts transparent and enabling
The United States Securities and Exchange Commission (SEC) is struggling to locate Binance and its CEO, Changpeng Zhao (CZ), to serve legal papers. The regulator filed a legal document with the District Court in the District of Columbia on Thursday, stating that neither Binance nor its executive is known for revealing the premise of a
Jay Clayton, former chair of the US Securities and Exchange Commission (SEC), has given his thoughts on the agency’s current approach to cryptocurrency regulation. Speaking at Bloomberg Invest on June 8, Clayton commented on recent charges filed by the SEC against Binance and Coinbase, which began on June 5. When asked if he would have