Daily Archives: October 19, 2022, 8:41 am

JPMorgan Adds Crypto Policy Head After Dimon ‘Ponzi Scheme’ Quip

JPMorgan Chase & Co. has hired a new head of digital assets regulatory policy, less than a month after CEO Jamie Dimon told lawmakers that cryptocurrencies are “decentralized Ponzi schemes.” Aaron Iovine joined the company this week as executive director for digital assets regulatory policy, a newly created role, a JPMorgan spokeswoman confirmed. He was previously head of policy and…

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Decentraland, Sandbox Virtual Land in Metaverse Is Cheap and Very Risky – Bloomberg

When crypto values sank this year, prices for virtual land, which is generally bought and sold with digital tokens, also plummeted. Average prices in Decentraland and The Sandbox, two popular blockchain-based online worlds, declined roughly 80% between early November 2021 and the beginning of this month, according to data compiled by analytics company WeMeta. Prices of Bitcoin, the biggest digital…

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U.K. Regulator’s Enforcement Director to Step Down Next Year – WSJ

The executive director for enforcement and market oversight at the U.K.’s Financial Conduct Authority, which also supervises compliance by U.K. cryptocurrency firms with anti-money-laundering laws, said he would step down next spring, the agency said Tuesday. Mark Steward was appointed to his role at the finance regulator seven years ago. He was known for leading some of the FCA’s most…

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Coinbase Piles On Support for Grayscale’s EFT by Filing Amicus Brief in Effort to Reverse SEC’s Rejection

Coinbase filed an amicus brief supporting a Grayscale Investments lawsuit against the Securities and Exchange Commission (SEC) for rejecting the firm’s proposal for a spot bitcoin (BTC) exchange-traded fund, adding to one filed Tuesday by three trade groups representing a wide swath of the crypto industry supporting the lawsuit. In the brief submitted Tuesday to the U.S. Court of Appeals…

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ESG non-PR

Eventually some US company is going to attempt to win favor with Texas regulators by announcing “we have a plan to increase our use of fossil fuels in order to pollute more,” and then it will turn out that it did not actually increase its use of fossil fuels, and then it will get sued for securities fraud, and that will be…

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