Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, stepped down from their roles following allegations of negligence in a high-profile crypto case involving Debt Box, a Utah company. (Source: Bloomberg) More recently, Robert Shelby, the SEC director, faced disciplinary action for the first time in his career. This came … Read more
According to economist Henrik Zeberg’s belief, Bitcoin (BTC) may hit a price range of around $110,000 to $115,000 within the next few months. TGH Special Guest | Henrik @henrikZeberg shares his Melt-up then Meltdown Narrative. — TradeGATEHub (@TradeGateHub) April 16, 2024 He is inclined to view the monthly RSI as a model of bullish cycles. … Read more
Crypto investors were fooled by a fake letter claiming to be from Senator Elizabeth Warren, suggesting a 1% tax on cryptocurrency assets worth over $500,000. It has been brought to light that a supposed recent letter from Warren proposing a 1% tax and mandatory reporting is apparently false. Upon closer inspection, the name at the … Read more
A proposed bill in the US Senate, called the Lummis-Gillibrand Payment Stablecoin Act, could positively impact stablecoin issuers according to TD Cowen’s analysis. Senators Kirsten Gillibrand and Cynthia Lummis introduced this legislation, which includes clear guidelines. Issuers must keep reserves equal in value to the stablecoins they issue (1:1 ratio), and algorithmic stablecoins are banned. … Read more
The Hong Kong Securities & Futures Professionals Association (HKSFPA) has proposed setting up a self-regulatory body for the crypto industry in Hong Kong. In their latest recommendation letter, they emphasized the importance of having an independent organization to manage industry growth, as they believe there is currently too much regulatory attention on one area. The … Read more