Black USA Crypto News : Regulatory Woes & AI Developments

By KHubbard | The Crypto New Jack | 30 May 2023


 

 

The International Organization of Securities Commissions (IOSCO) published a statement last week contending that cryptocurrencies should be treated in the same way as traditional financial assets, such as stocks and bonds, as they are very similar in nature. The global watchdog included its position among 18 core recommendations for countries to help them develop or adapt regulatory policies for the crypto industry. An exchange run by the twins Tyler and Cameron Winklevoss on Friday asked a U.S. judge to dismiss a Securities and Exchange Commission lawsuit claiming it illegally sold unregistered securities in a program that promised high interest rates to hundreds of thousands of investors. Gemini Trust Co's request was filed in Manhattan federal court, in response to the SEC's Jan. 12 civil lawsuit against the exchange and the cryptocurrency lender Genesis Global Capital LLC, a unit of Digital Currency Group. The SEC had sued over Gemini Earn, which let customers lend crypto assets such as bitcoin to Genesis, with Gemini taking an agent fee as high as 4.29%. Gemini, the cryptocurrency exchange run by Tyler and Cameron Winklevoss, announced it has chosen the Republic of Ireland as its new European home. The announcement followed a meeting between the crypto co-founders, the Irish Prime Minister Leo Varadkar, and the representatives of the Industrial Development Agency (IDA), the body responsible for foreign investment into Ireland. All these stories and more below:

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KHubbard
KHubbard

Love contributing content to the Publish0x platform! You can find more about me at www.kamalrhubbard.com.


The Crypto New Jack
The Crypto New Jack

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