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.
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BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed were indicted for AML violations (Photo: BitMEX)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.
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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.
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The U.S. Financial Industry Regulatory Authority has smiled upon Texture Capital (Wikimedia Commons/Ajay Suresh)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.
