regulation Archives - New World Finance

SEC Revokes SAB 121: A Turning Point for Wall Street’s Crypto Involvement

January 28, 2025
Posted by: newworldfinance
Category: Crypto, Finance

The U.S. Securities and Exchange Commission (SEC) has officially rescinded Staff Accounting Bulletin 121 (SAB 121), a rule that forced banks to classify Bitcoin and other crypto assets as liabilities on their balance sheets.

Attorney General Sued Over DOJ’s Prosecution of Crypto Founders

January 16, 2025
Posted by: newworldfinance
Category: Crypto

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Michael Lewellen, a fellow at the crypto think tank Coin Center, has filed a lawsuit against U.S. Attorney General Merrick Garland.

Court Orders SEC to Explain Crypto Stance, Opening Door for Policy Shift

January 14, 2025
Posted by: newworldfinance
Category: Crypto

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The U.S. Securities and Exchange Commission (SEC) has been ordered by a federal appeals court to provide a comprehensive explanation for its refusal to establish clear rules regarding the classification of crypto assets as securities.

The Block Is Seeking $10–$15 Million to Revive Its Business After FTX Scandal

January 7, 2025
Posted by: newworldfinance
Category: Crypto

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The Block, a prominent crypto media outlet, is in the midst of a critical fundraising effort, aiming to secure $10 million to $15 million to rebuild its business after it was revealed that they were directly funded by FTX.

John Deaton Offers To Investigate Operation Chokepoint 2.0

January 5, 2025
Posted by: newworldfinance
Category: Crypto

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Former U.S. prosecutor and prominent crypto advocate John Deaton has volunteered to lead an investigation into the alleged “Operation Chokepoint 2.0,” a rumored initiative aimed at cutting off crypto companies from traditional banking services. Deaton extended the offer to the incoming Trump administration in a January 4 post on X

FDIC Discourages Public Blockchain Use by Banks

January 5, 2025
Posted by: newworldfinance
Category: Blockchain Technology

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Recently unredacted documents reveal that the Federal Deposit Insurance Corporation (FDIC) has discouraged American banks from offering services built on public blockchain networks. This disclosure, obtained by Coinbase through a Freedom of Information Act (FOIA) request, sheds light on the federal agency’s reservations about the use of decentralized and transparent blockchain platforms like Ethereum and Solana.