Former SEC official calls for US ban on Tether, calls it a ‘mammoth house of cards’
Former SEC official calls for US ban on Tether, calls it a ‘mammoth house of cards’Former SEC official John Reed Stark said Tether has no legal framework guiding its operations in the United States.
Happy Wednesday!The global crypto market cap is $1.13 trillion with a 24-hour volume of $40.75 billion. The price of Bitcoin is $27,307.69 and BTC market dominance is 46.8%. The price of Ethereum is $1,819.69 and ETH market dominance is 19.4%. The best performing cryptoasset sector is Yield Farming, which gained 5%.
Latest NewsFormer SEC official calls for US ban on Tether, calls it a ‘mammoth house of cards’
Former SEC official John Reed Stark said Tether has no legal framework guiding its operations in the United States. Tether attestation shows $1.5B worth of Bitcoin in reservesTether reported a net profit of $1.48 billion, adding that its excess reserves reached an all-time high of $2.44 billion. Bitcoin halts four day slide as CPI comes in better than expectedBitcoin continues chugging along as macro economic uncertainty endures. Binance moves bankrupt Voyager, FTX tokens to innovation zoneBinance CEO Changpeng 'CZ' Zhao explained that the exchange moved those tokens to its innovation zone instead of delisting them. CryptoSlate wMarket Update: Bitcoin trades flat in mute market performanceThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Javier Milei: Pro-Bitcoin Argentine presidential candidate rising in pollsPresidential candidate Javier Milei's unconventional economic views ring well among voters seeking complete political change. Crypto community rallies against VC who described XRP as securityRipple (XRP) CEO Brad Garlinghouse said the United States has no framework for registering digital assets. Bitcoin premium on Binance.US is symptom of illiquid market: KaikoKaiko data showed that Bitcoin was trading at a 2.5% premium on Binance.US compared to other U.S.-based exchanges. Grayscale establishes funds trust, files for three new crypto fundsThose funds involve Bitcoin ETPs, Ethereum futures, and to a lesser extent, Zcash. Biden calls for end to tax loopholes that benefit ‘wealthy crypto investors’The President cast those opposed to his tax plan as "MAGA Republicans."
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