Coinbase CEO Brian Armstrong has commented on the sorry state of anti-money laundering (AML) regulation and its ineffectiveness in preventing crime. In social media, Armstrong highlighted the poor performance of these regulations, stating these constituted a “police failure.” Linking them to the harm caused to victims of the so-called Operation Chokepoint 2.0, Armstrong stressed these […]
Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensome commercial real estate loans and the current […]
U.S. lawmakers are demanding answers from the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler regarding the regulator’s X account breach that led to a fake tweet on the social media platform announcing the approval of spot bitcoin exchange-traded funds (ETFs), a decision the commission hadn’t yet made at the time. The SEC […]
The Australian government’s assistant treasurer, Stephen Jones, has stated his intention to query the country’s securities regulator over its failure to warn investors about the risks of investing in the now-collapsed crypto investment firm Hyperverse. Jones stated that a “bunch” of Australians had invested in the scheme whose only source of income was the money […]