Regulations
SEC Hints at Tether Probe in Records Request Denial
The U.S. regulator cited a law enforcement exemption in denying a Freedom of Information Act request about Tether, though this doesn’t necessarily mean any charges will be filed.

Biden to Nominate Crypto Critic as Top Bank Regulator: Report
Cornell University Professor Saule Omarova has criticized cryptocurrencies in the past.

Coinbase to Propose Crypto Regulations to US Officials: Sources
Coinbase is said to be working on a pitch to federal regulators on how to oversee the crypto industry.

US Sanctions Enforcer Blacklists a Crypto Exchange for First Time
The Treasury’s Office of Foreign Assets Control labeled Suex.io a “specially designated national,” putting the exchange in a category with suspected terrorists.

Bybit to End Korean Language Support on Official Platforms, Social Media
The exchange also said it is discontinuing its official Korean community support on social media channels.

Binance Hires Former Abu Dhabi Global Market Head as Singapore CEO
The move provides an opportunity to get ahead of the regulatory curve – a sore point for the exchange in recent weeks.

IRS, in Boon to Crypto, Will Reportedly Ignore How Bill Defines Broker; Bitcoin Rises
Citing an unnamed official, Bloomberg said Treasury won’t go after crypto firms that don’t meet the tax code’s definitions of a “broker.”

Gensler Tells Elizabeth Warren SEC Needs More Authority to Regulate Crypto
Congress should focus on trading, lending and decentralized finance, the securities regulator said.

Ex-SEC Director Brett Redfearn Leaves Coinbase After 4 Months
The departure of Coinbase's VP of capital markets points to a strategy shift within the publicly traded crypto exchange.

SEC Boss Gensler Eyeing Robust Regulation of Crypto Market: Report
Gensler did not comment on the potential approval of a crypto exchange-traded fund.
