SEC Chair Gary Gensler’s Return to Congress Amid Crypto Controversies

IntroductionGary Gensler, the chair of the Securities and Exchange Commission (SEC), has been summoned to testify before Congress twice in September. The calls come in light of a summer filled with unprecedented enforcement actions against the crypto sector. Recent SEC ActionsThis summer witnessed the SEC taking stringent measures against several actors in the crypto world. […]

Binance CEO CZ Counters Allegations of $12 Billion in Binance.US User Funds Held by Holding Firms

  In a recent court filing, the U.S. Securities and Exchange Commission (SEC) raised allegations against Binance CEO Changpeng Zhao, claiming that Merit Peak, a holding company owned by Zhao, received billions of dollars in customer funds from Binance’s American exchange. However, Zhao vehemently denied these allegations and provided clarification to address the situation. Denial […]

Commonwealth Bank Implements Partial Restrictions on Payments to Crypto Exchanges

In an effort to safeguard customers from scams, Australia’s Commonwealth Bank (CBA) has announced partial restrictions on payments to cryptocurrency exchanges. The bank aims to reduce the number of scams and mitigate financial losses suffered by its customers. By implementing 24-hour holds, payment declines, and outbound payment limits, Commonwealth Bank takes proactive steps in protecting […]

Treasury Secretary Yellen Warns of Impending US Debt Default: Urgent Resolution Needed

In a recent statement, Treasury Secretary Janet Yellen reiterated the alarming possibility of a US debt default. With the looming threat, urgent action is required to prevent severe consequences for the nation’s economy. This article examines Yellen’s warning, the potential implications, and the pressing need for a resolution to the debt ceiling negotiations.  Yellen’s Letter […]

Please enter CoinGecko Free Api Key to get this plugin works.