Kraken considers dropping USDT in Europe ahead of new regulations
With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoins listing. Source link
India’s SEBI recommends local regulators to monitor crypto trading
Documents reveal SEBI’s recommendation for distributed regulatory oversight of cryptocurrencies in India. Source link
Oklahoma’s new crypto law protects miners, sets blockchain legal framework
Oklahoma Governor Kevin Stitt enacted a law on May 13 that creates a legal framework for blockchain and safeguards miners’ activities. Source link
Core Scientific sees revenue surge in 1Q24 after emerging from bankruptcy
Bitcoin miner Core Scientific has posted $150 million in revenue from digital asset mining in the first quarter of 2024, boosting its gross margin to 46% from 26% in the previous year. Source link
Susquehanna International Group adds $1B in Bitcoin ETFs to portfolio
According to a filing with the U.S. SEC, Susquehanna International Group invested more than $1 billion in Bitcoin ETFs in Q1 2024. Source link
Crypto must adapt to laws, not the other way around — John Reed Stark
Former SEC official John Reed Stark has criticized the misuse of “regulation by enforcement” claims in a hearing before U.S. Congress. Source link
Central banks must revise business model, embrace CBDCs — ECB member
Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit. Source link
SEC delays decision on 7RCC’s eco-friendly spot Bitcoin ETF
The U.S. SEC has extended its review period on a rule change that would allow the listing of 7RCC’s Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024. Source link
US lawmakers urge SEC to approve Bitcoin options trading
Representatives Mike Flood and Wiley Nickel urged SEC Chair Gary Gensler to stop discriminating against Bitcoin funds in a letter. Source link
Tether responds to US lawmakers’ calls for DOJ action
Tether, the company behind the stablecoin Tether (USDT), disclosed letters directed to U.S. legislators, addressing requests for intervention by the Department of Justice in relation to the illicit use of its stablecoin. The communications were sent to members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services…
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