Circle’s USDC stablecoin witnessed massive outflows amid SVB collapse with its market cap falling by more than 23% since the beginning of March.
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FSC Chairman Patrick McHenry said that they SEC Chair will have to justify his actions in the crypto industry during his next testimony.
CFTC has slapped some major charges on Binance on allowing its “VIP customers” to open accounts under the name of shell companies.
Chinese Banks are increasingly looking at servicing crypto firms in Hong Kong just at a time when US regulators have been tightening their grip.
Federal prosecutors are seeking Do Kwon extradition to New York where he will be facing charges of fraud and market manipulation as per the US indictment.
Coinbase said it is confident in the legality of their products and services, and might also consider taking the matter to the court, if required.
The report from US government denounces Bitcoin stating that it’s not an effective store of value nor an effective medium of exchange.
Coinbase urged the SEC to take a different approach over crypto staking or it could have significant economic consequences for the crypto ecosystem.
Bitcoin delivers a strong rally as the banking crisis unfolds in the US and Europe. All eyes will be on the FOMC meeting ahead this week on Tuesday.