SEC is not the appropriate regulator for stablecoins: Circle CEO

Circle boss Jeremy Allaire maintains that “payment stablecoins” are payment systems, not securities. The United States Securities and Exchange Commission is not the appropriate agency to regulate stablecoins, according to Circle founder and CEO Jeremy Allaire. In an interview with Bloomberg on Feb. 24, the Circle chief executive aired his views on the SEC and its […]

ARK’s Cathie Wood Is on a Buying Spree, Hoards $13 Million Worth Coin Shared Amid SEC Scare

The post ARK’s Cathie Wood Is on a Buying Spree, Hoards $13 Million Worth Coin Shared Amid SEC Scare appeared first on Coinpedia Fintech News After Coinbase Global Inc. COIN’s positive quarterly results, it was reported by Coindesk that Cathie Wood-headed ARK Investment Management bought 213,519 shares for an estimated $13 million. Interestingly, as cryptocurrencies […]

Block’s Q4 Bitcoin revenue down 7% on crypto price decline

Block Inc. outperformed analyst expectations and saw its share price jump in after-hours trading, but its Bitcoin revenue dipped due to price declines. Jack Dorsey’s payment company Block Inc. reported $1.83 billion of Bitcoin (BTC) revenue from its Cash App business unit in the fourth quarter, representing a 7% fall from the same time last […]

US Lawmaker Launches CBDC Anti-Surveillance State Act to Protect Americans’ Right to Financial Privacy

U.S. Congressman Tom Emmer has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act “to halt efforts of unelected bureaucrats” from “stripping Americans of their right to financial privacy.” The bill also prohibits the Federal Reserve “from issuing a CBDC directly to anyone.” CBDC Anti-Surveillance State Act Introduced U.S. Congressman Tom Emmer (R-MN) announced […]