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Crypto Crackdown

All articles tagged with #crypto crackdown

cryptocurrency1 year ago•1 min saved

Bitcoin Surges to Record Highs Amid Trump's Crypto-Friendly Stance

Bitcoin reached a record high of $89,623 as investors anticipate Donald Trump will end the White House's crypto crackdown. Trump's election win has also boosted other cryptocurrencies like Dogecoin, which surged 135%. Trump has promised to make the US a "crypto capital" and plans to launch his own crypto platform, World Liberty Financial. He also aims to replace SEC Chair Gary Gensler, who has led the crackdown, with pro-crypto figures, though legal challenges may arise.

via Ars Technica|

#bitcoin #crypto-crackdown #cryptocurrency

cryptocurrency3 years ago•4 min saved

Debt Ceiling Deal Could Spell Chaos for Bitcoin and Ethereum Prices, Warns Expert.

U.S. presidential hopeful Ron DeSantis has warned that the Biden administration has "it out for bitcoin" and could end up "killing it" completely. Last year, U.S. president Joe Biden issued an executive order instructing various federal agencies to develop a comprehensive plan to regulate the red-hot bitcoin, ethereum and crypto market. The subsequent bitcoin price crash that wiped away around $2 trillion in value from combined bitcoin, ethereum and crypto market, propelled crypto to the top of the regulatory agenda and has forced many U.S. crypto companies to look overseas for friendlier jurisdictions.

via Forbes|

#biden-administration #bitcoin #crypto-crackdown

cryptocurrency3 years ago•2 min saved

Crypto Market Braces for China's Impact on Bitcoin and Altcoin Prices

The CEO of Binance, Changpeng Zhao, has predicted that China's recent coverage of a bitcoin ATM in Hong Kong could trigger the next bitcoin price bull run. China has had a tumultuous relationship with cryptocurrencies, with a strict crypto trading and mining ban in 2021. However, Hong Kong has recently adopted a new crypto licensing regime that will allow the trading of established cryptocurrencies such as bitcoin and ethereum from June 1.

via Forbes|

#binance #bitcoin #china

cryptocurrency3 years ago•1 min saved

Bitcoin price surges despite regulatory crackdowns and sets sights on $30K.

Despite recent regulatory crackdowns on crypto firms, the price of Bitcoin briefly reached over $29,000 on March 30, recording a new high for the year. This surge in price comes as a surprise to many industry commentators, who speculate that it may be due to large-volume traders buying back in, rather than fundamentals. The recent regulatory crackdowns include the United States Commodity Futures Trading Commission lawsuit against Binance and its CEO Changpeng "CZ" Zhao on March 27.

via Cointelegraph|

#binance #bitcoin #btc

cryptocurrency3 years ago•4 min saved

Crypto industry faces legal crackdown as SEC charges celebrities and firms for fraud.

The recent deluge of enforcement news in the cryptocurrency industry, including the SEC's threat to take legal action against Coinbase and its suit against the Tron blockchain network, has put a lid on Bitcoin's rally. The collision course between the US government and crypto true believers' vision of a system where money can be freely exchanged around the world without "censorship" by authorities was accelerated by the failure of the Terra blockchain's stablecoin to maintain its $1 peg and the bankruptcy of FTX last year, which combined to vaporize almost $2tn of digital wealth. Many industry watchers are bracing for more shoes to drop.

via Fortune|

#bitcoin #coinbase #crypto-crackdown

cryptocurrency3 years ago•5 min saved

Crypto Industry Faces Legal Woes and Celebrity Scandals

The US government's crackdown on the cryptocurrency industry continues to widen, with recent enforcement actions including the SEC's threat to take legal action against Coinbase and its suit against the Tron blockchain network, the apprehension of crypto fugitive Do Kwon, and even celebrity crypto promoters like actress Lindsay Lohan and rapper Soulja Boy getting caught up in the crackdown. The SEC's decision to treat many cryptoassets as securities that must be registered with the agency and subject to all the regulations that go along with it has left those caught up in its sights with the option to capitulate and pay a settlement with the regulator or fight it in court.

via Yahoo Finance|

#coinbase #crypto-crackdown #cryptocurrency