Amid the growing demand for regulating the use of stablecoins, Paxos has called out Tether (USDT) and Circle (USDC) for issuing non-regulated stablecoins. Paxos’ General Counsel and Chief Compliance Officer Dan Burstein has lashed out at the two players, in what he claims to be false claims. Recently, Circle claimed that USDC is the “world’s
Tether issued USDT is the biggest stablecoin player in the market with $61.9 billion in market cap. The top stablecoin has been often associated with Bitcoin (BTC) price boost FUDs in the past. The ongoing bearish market sentiments that have continued since May market mayhem also coincides with USDT’s non-issuance. The last market issuance of
Kevin McCarthy, the Republican leader from California recently appeared on Squak Box to talk about various governance policies of the Biden government as well as their approach towards the highly popular Bitcoin and cryptocurrencies market. McCarthy called for better regulations to allow the crypto market to flourish in the US. When asked about his opinion
Michael Morell, the former acting director of CIA published an independent paper commissioned by Crypto Council for Innovation refuting the long told narrative about bitcoin and crypto use in illicit activities. Morell in his research found that the fear-mongering around crypto propagated by government officials like Treasury Secretary Janet Yellen does not hold any ground
Janet Yellen, US Treasury Secretary has called for a meeting of top financial regulators to discuss the recent market volatility owing to a massive price surge in GameStop(GME), AMC, and Silver courtesy of social media frenzy especially Reddit. Yellen would reportedly talk to the head of the SEC, CFTC, and the Federal Reserve, as per
The latest Bloomberg report from last week suggested that Bitcoin (BTC) has started facing regulatory scrutiny after its massive rally recently. The report arrived soon after the U.S. SEC filed a lawsuit against Ripple on the alleged sale of XRP as unregistered securities. However, crypto analyst Max Keiser notes that there’s nothing to fear here.