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🦅 SEC Launches Subpoena Against Circle

It seems like the SEC takes an increased interest in crypto companies.

Hey Blockster, In the past few months, the US Securities and Exchange Commission (SEC) has been featured quite often in crypto news. And this shouldn't come as a surprise. The agency is among the most prominent financial watchdogs in the world that is responsible for regulating the finance industry within the United States. Since crypto is an over $2 trillion industry that has become more and more popular among both retail and institutional investors, the SEC has been increasingly monitoring digital asset companies serving the citizens of the North American nation. One of them is Coinbase, one of the largest US-based crypto exchanges, which had to suspend its plans to launch its crypto savings product due to the threat of an upcoming SEC lawsuit. Now, Circle Financial, the issuer of the widely popular USDC stablecoin, has become the newest target of the SEC. According to a filing by the company, the financial regulator launched an investigative subpoena against the Circle in July 2021. Interestingly, Circle and Coinbase are both the founding members of the Centre Consortium that has been managing the USDC stablecoin. Check out this Blockdesk article to learn the details of the story. Ready to read more exciting stories about cryptocurrencies? Look no further, as we have collected the most important ones for you below: Algorand Vs Cosmos – Which Is Best For Earning Yield? – With the growth of DeFi and the increasing popularity of the Proof-of-Stake (PoS) consensus mechanism among blockchain networks, staking has become a well-favored way to earn money in the crypto industry. And, in this article, we will compare the yield-earning opportunities of the Algorand and Cosmos ecosystems. Have You Heard Of Ravencoin? What Is It, And How Does It Work? – While Bitcoin had many forks, most of them did not survive or manage to gain traction after their launch. However, Ravencoin is among the exceptions, which we will explore in this article. In 2021 – Do You Really Need A Hardware Wallet? – Pros And Cons – Hardware wallets have long been considered as the most secure way to store your cryptocurrency holdings, as they require holders to utilize a physical device in combination with software apps to transfer funds. But are they really necessary in 2021? U.S. SEC Launches Investigation Into Uniswap Labs – After Coinbase and Circle, it seems the SEC is investigating Uniswap Labs, the organization behind the highly popular decentralized exchange. But does this mean that regulators are now going against the DeFi industry as well? Hope you enjoyed the stories we have collected for you today from Blockdesk. Be sure to check your inbox tomorrow, as we will come back with a new collection of exciting cryptocurrency articles. See you then! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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