573:Gensler’s War on Crypto::Binance Lawsuit Update::US Congress Eyes Crypto Tax

Overnighters,

Episode 573:
Gensler’s War on Crypto
US Congress Eyes Crypto Tax
Genesis Mediation Extended
and More

Collect the Cover: awrd.gg/5265

The TL;DL

SEC Sues Coinbase - The SEC has filed a lawsuit against Coinbase, alleging that the crypto exchange has been operating as an unregistered broker, exchange, and clearing agency.

Binance Lawsuit Update - Binance is facing criticism from China's state broadcaster and a lawsuit from the SEC, alleging money laundering activities, market manipulation, and securities law violations.

CFTC OKs Cboe Crypto Futures - The CFTC has approved Cboe Clear Digital to clear additional products as a derivatives clearing organization, allowing it to expand its clearing of futures contracts on cryptocurrency assets.

Genesis Mediation Extended - The mediation session between Genesis and its creditors has been extended to June 16, amid concerns about the role of Genesis' parent company, DCG, in the lender's financial restructuring.

US Congress Eyes Crypto Tax - Congress members Brad Sherman and Stephen Lynch are pushing for the introduction of tax regulations for the cryptocurrency industry, citing concerns about tax evasion.

Gensler Sees No Need for Crypto - SEC Chair Gary Gensler has stated that there is no need for more digital currencies, arguing that major currencies like the U.S. dollar, euro, and yen are already digital.

Crypto Overnighter Podcast (6/6/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

Email: nick@cryptoovernighter.com
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