• Jay Clayton’s Legacy SEC
    Bitcoin,  Cryptocurrencies,  Ethereum,  Regulation,  Ripple,  United States

    Jay Clayton’s Legacy at the SEC

    Will the Chairman be Remembered for Surrendering Crypto to China?

    So how will Jay Clayton be remembered? As the Chairman of the Securities and Exchange Commission during all of President’s Trump’s term, Clayton has notched major successes. But his record of supporting innovation is less impressive. And right now he stands at a crossroads. Jay Clayton has a chance to be remembered as the SEC Chairman who launched the next great wave of American financial technology. Or he can forever be recalled as the man who handed America’s crypto industry over to China.

  • BitMEX upgrades AML
    Regulation,  United States

    Following indictments, BitMEX upgrades anti-money laundering compliance

    After its three founders were indicted by the U.S. Department of Justice, the exchange announced plans to lead “the industry on best practice crypto-asset compliance.”

    The move follows last month’s indictment of now-former BitMEX CEO Arthur Hayes, along with co-founders Benjamin Delo and Samuel Reed (the only one arrested), on charges of violating the Bank Secrecy Act and conspiring to violate the Bank Secrecy Act by failing to put sufficient anti-money-laundering safeguards in place.

  • Binance.US Silvergate partnership
    Cryptocurrencies,  Regulation,  United States

    Binance.US announces Silvergate Bank partnership as parent Binance cuts off U.S. users

    Leading cryptocurrency exchange Binance is giving U.S.-based users 90 days to move to Binance.US or other exchanges; meanwhile Binance.US is stepping up its institutional game

    Binance.US, the American arm of the leading cryptocurrency exchange Binance, has partnered up with digital asset-friendly Silvergate Bank to offer corporate customers around-the-clock trading.

  • Texture Capital licensed tokenized securities
    Cryptocurrencies,  Regulation,  United States

    Texture Capital gains U.S. regulator’s approval to issue tokenized securities

    FINRA granted the firm both a digital securities broker-dealer and Alternative Trading System operator license

    Texture Capital will now be able to begin issuing, tokenizing, and trading digital securities in the United States. It aims to leverage technology—and more specifically blockchain-based smart contracts—to allow institutions to directly participate in the private markets more efficiently.