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On October 10, 2023, the U.S. Securities and Exchange Commission (SEC) brought charges against Cumberland DRW, a notable crypto market maker located in Chicago, for allegedly functioning as an unregistered securities dealer. The SEC’s complaint asserts that since March 2018, Cumberland has engaged in trading activities involving over $2 billion in cryptocurrencies that fall under
In recent years, stablecoins have gained considerable traction as a crucial component of the digital economy. Their potential to revolutionize payment systems and create new demand for US Treasury securities has not gone unnoticed. Senator Bill Hagerty (R-TN), a prominent figure in the Senate Banking Committee, has taken a significant step in addressing the regulatory
Bitcoin’s current market situation is characterized by a precarious balance, hovering precariously above a critical support level. Traders who react hastily can trigger rapid sell-offs, potentially leading to a cataclysmic wave of selling pressure. Recent analyses from reputable on-chain analytics firm Santiment have exposed a troubling trend: over the last few days, a staggering 30,000