Nevada Regulator Asks Court to Ban Prime Trust from Any Business Operations
The Nevada Department of Business and Industry has filed a petition with the court to prevent Prime Trust’s crypto custodian from engaging in further business operations.
Coinbase CEO: US Election is a Key Moment for Regulation of Crypto Industry
Brian Armstrong, CEO of US crypto exchange Coinbase, believes that the upcoming 2024 US presidential election could drastically change the legal status of the crypto industry.
Prime Trust Halts Withdrawals Following Nevada Regulator’s Order
Crypto custodian Prime Trust has been issued a directive from the Nevada Department of Business and Industry that requires it to suspend fiat and digital asset deposits and withdrawals.
US Will Vote on Crypto and Stablecoin Legislation Next Month
The House Financial Services Committee is due to start debating two proposed laws in the second week of July that seek to create a distinct path for digital assets to transition from security investments to commodities with lower reporting and regulatory requirements.
FDIC Accuses Crypto Exchange OKCoin of Misleading its Customers
The FDIC has accused OKCoin of making misleading statements about deposit insurance.
Texas Regulator Orders Digital Asset Platform Abra to Cease Operations
The Texas Securities Board (USA) has issued an order for Abra to cease operations immediately due to accusations of securities fraud.
Binance.US’ Market Share Falls to 2.7%
Binance.US has seen a sharp decline in its market share in the US, dropping to the lowest level in two years with only 2.7% of exchange volume.
