This Week in Crypto: Crackdown on Stablecoins; SEC Floats Tighter Rules (Podcast)
07/04/2023 12:20
US regulatory actions jolt some digital-asset companies; others shrug them off.
Changpeng Zhao
Photographer: Zed Jameson/BloombergListen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or Spotify.
After years of inaction, regulators appear to be coming for crypto. State regulators in New York this week took aim at stablecoin issuer Paxos and its relationship with crypto-exchange Binance. The Securities and Exchange Commission is also pushing ahead with a plan that would make it harder for investment firms to work with cryptocurrency companies.