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Latest from Nikhilesh De
FCA Right to Propose Stop to Marketing Crypto as ‘Inflation Resistant,’ UK Industry Members Say
A long-running industry narrative is that limited-supply cryptocurrencies like bitcoin can hold their value against inflation – similar to gold or bonds.
SEC's Temporary Restraining Order Would 'Effectively End' Binance.US Business, Company Claims
The SEC sued Binance, Binance.US and Changpeng "CZ" Zhao last week.
Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules
The crypto-friendly bank was also denied immediate membership with the Federal Reserve, with the court saying Custodia could pursue membership through other channels.
CFTC Wins Lawsuit Against Ooki DAO
The regulator's victory serves as proof decentralized entities can face legal consequences for their dealings, contrary to popular beliefs.
Mt. Gox's Hackers Are 2 Russian Nationals, U.S. DOJ Alleges in Indictment
One of the individuals also operated BTC-e, the DOJ alleged.
Free Promotional NFTs, Crypto Airdrops Would Be Banned Under New UK Rules, Official Says
Crypto airdrops and NFTs themselves will not be banned, but using such incentives alongside promotions that encourage people to invest would be, said FCA's Matthew Long.
Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources
The financial terms of the deal were not disclosed by the source.
Providing Regulatory Clarity (Binance and Coinbase Edition)
The SEC sued Binance and Coinbase this week, presenting the industry with both further analysis on why it thinks certain cryptocurrencies are securities and its biggest test to how cryptos may be regulated in the U.S. going forward.
Binance Says Gensler Once Offered to Be an 'Informal Advisor'
A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder.
Robinhood Joins Coinbase in Saying It Tried to 'Come In and Register' Like SEC Wanted
The companies’ top lawyers testified in a House crypto hearing that they spent months trying to get the SEC to help them comply before being rebuffed.
