The SEC’s campaign to define ‘exchange’ should concern every American—even those without ties to crypto

The agency's attempt to stretch the ordinary meaning of the word is yet another unjustified bid to expand its authority.

• 2023-06-18
• communication protocol SEC Alternative Trading Systems exchange initiative industry participants digital asset Gary Gensler

A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown

(Bloomberg) -- Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the US. Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech R

• 2023-06-09
• Signature Bank open bank accounts Bloomberg News Customers Bancorp Inc. bank account Bloomberg digital assets banking system deposit accounts industry participants