On February 9, suspected to be affected by US regulatory news, the cryptocurrency market fell sharply for a short time. BlockBeats summarizes the current rumors about US SEC supervision in the market. There is no policy yet, but we still need to pay attention to risks.
This morning, the Coinbase founderBrian Armstrong tweetedAccording to rumors, the U.S. Securities and Exchange Commission (SEC) wants to ban retail cryptocurrency staking in the United States.
Coincidentally, before this, encrypted KOLs also made similar voices. Partner at Castle Island VenturesNic Carterand founder of encryption agency X 3AndrewSaid that the Federal Reserve and the U.S. Office of the Comptroller of the Currency (OCC) are taking joint action, or will cut off the connection between the encryption industry and traditional banks. Among them, Paxos, a stablecoin issuer, was told to ask it to take the initiative to withdraw its bank license application, otherwise the OCC will reject its application before this Friday.
In addition, the SEC's supervision of encrypted trading platforms seems to have entered a new stage.According to Bloomberg,Crypto trading platform Kraken is under investigation by the SEC for violations of certain rules for offering unregistered securities to U.S. investors. And the investigation is at an advanced stage, and a settlement may be announced in the next few days. It is unclear which tokens or products are being scrutinized.
As the industry leader, Binance also seems to have sensed the wind. On February 7, Binance announced that it will suspend all USD inter-bank transfers starting from February 8. However, cryptocurrency transactions and USD deposits and withdrawals on Binance.US are not affected. Influence.
On February 9, according to sources familiar with the, Binance is forming a consortium of crypto firms to play an active role in the upcoming regulations. At present, many companies in the encryption field have signed up to join, including project teams, trading platforms, and blockchain analysis companies. The alliance will not be run by Binance, but "will be run in as decentralized a fashion as possible across many different projects to ensure alignment with the community," said the source, who also said its initial goal is to work with Regulators around the world cooperate and demonstrate how advanced the industry is in fighting criminals, while "also ensuring that there is a mechanism to point out shortcomings and bad behavior in the industry and help prevent larger problems from spreading".
After the clearing in 2022, the encryption industry seems to be showing signs of recovery in 2023. I don’t know where such regulatory messages will lead the market.
