Paul Atkins, chairperson of the Securities Exchange Commission (SEC), told the Blockchain Association's annual policy summit on Tuesday that many types of initial coin offerings (ICOs) should be considered non-securities transactions and fall outside the jurisdiction of Wall Street regulators. He explained that this is precisely what the SEC wants to encourage, and by its definition, such things do not belong to the category of securities.
Mr. Bescent, the US Treasury secretary, said on Wednesday he planned to push for a requirement that the 12 regional Fed presidents reside in their jurisdictions for at least three years before being appointed to lead them. Mr. Bescent said he would push for future appointments of candidates who did not meet that requirement, with the Fed's board of governors in Washington exercising veto power. "The Fed chairperson and the board of governors... have the final say on who is chosen to the boards o...
On September 4th, the Federal Reserve Beige Book: Since the last report, economic activity in most Federal Reserve districts has been little or no change, with four districts reporting moderate growth. Ten districts said price increases were moderate or moderate.
FTX Historian, an account that tracks FTX bankruptcies and payouts, summarised last night's FTX hearing in an X post. The core content of the hearing was that creditors in "restricted jurisdictions" (such as China) would not have their funds confiscated immediately, as proposed in FTX's original recovery plan. Instead, creditors would be allowed to transfer to unrestricted jurisdictions. FTX Historian added that for affected creditors, such as those who completed KYC in China but now live in Sin...
According to official news, FTX announced that it has reached a cooperation agreement with distribution service provider Payoneer to assist in the distribution of compensation funds to retail customers in eligible jurisdictions. At the same time, FTX reminds users to be vigilant against phishing emails and fake websites posing as official, to avoid damage to assets.
On May 29, Foreign Ministry Spokesperson Mao Ning chaired a regular press conference. Some reporters asked questions about China's placement of buoys in the exclusive economic zone of the South China Sea. Mao Ning said that China's placement of meteorological observation buoys in waters under Chinese jurisdiction east of Taiwan is in line with China's domestic law and international law. It is understood that relevant Chinese departments are carrying out normal maintenance of the buoys according ...
According to Zoomer, according to the latest version of the Genius Stablecoin Act (UNCHAINED), Tether will be brought under US jurisdiction regardless of where it is headquartered.
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Bermuda Monetary Authority (BMA) have signed a Memorandum of Understanding (MOU) on digital assets. The MOU establishes a framework for cooperation between the two regulators to support the creation and effective regulation of digital asset entities within their jurisdictions. It also aims to promote responsible innovation in the digital asset space, as well as information sharing between the two regulat...
Crypto lawyer John E Deaton said in a social media post that Senator Warren does not respect or support the rule of law in the United States. Instead, she supports federal agencies unconstitutionally expanding their jurisdiction without congressional authorization. Recently, the Court of Appeals for the District of Columbia, which oversees the SEC, ruled that the SEC's rejection of a BTC spot ETF was arbitrary and capricious. The ruling effectively forced the SEC to approve a spot ETF. In other ...