At a hearing this week, a congressman suggested that Facebook’s proposed Libra stablecoin should be classified as a security that should be regulated. Such a designation threatens the future of the social media giant’s foray into cryptocurrencies.
Gemini announces crypto wallet usable at Whole Foods and Baskin Robbins; eBay teases acceptance
Consensus 2019 brings news of using crypto at the cash register
Now you’ll be able to spend your whole crypto wallet at Whole Foods, and soon you may be able to bid on CryptoKitties at eBay. Growing adoption of cryptocurrency payments by mainstream companies was the big theme that emerged on the first day of Coindesk’s Consensus 2019 conference in New York on May 13. The Winklevoss twins’ Gemini announced that major retailers—ranging from Whole Foods to Nordstrom’s—were accepting crypto payments. Meanwhile, online marketplace eBay teased it may soon take virtual currencies with ads and a show sponsorship.
SEC finally issues guidance on when an ICO token is a security
Having to register as a security offering puts substantial limitations on the reach of an ICO
The Securities and Exchange Commission on Wednesday released its long-awaited (and long-promised) “plain English” guidance designed to help determine if initial coin offerings (ICOs) must register as securities.
Szczepanik warns some stablecoins are likely securities
Crypto-backed or algorithmic stablecoins could find themselves in the same position as the abortive Basis coin
Some stablecoins could find themselves in the Securities and Exchange Commission’s crosshairs, the agency’s “crypto-czar” told a crowd at the South by Southwest Conference in Austin on March 15.
