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Binance (Nikhilesh De/CoinDesk)
That Binance Suit Sure Seems Bigger Than Just a CFTC Case
The implications of the CFTC’s lawsuit against Binance extend well beyond any civil action.
Binance (Nikhilesh De/CoinDesk)

Morning commute at modern business district in Tokyo, Japan
The Short-Sightedness of Run-Amok Regulators
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.
Morning commute at modern business district in Tokyo, Japan

Brian Brooks: ‘My View About Navigating the US Waters Is a Little Bit Different From CZ's’
Brian Brooks: U.S. Government Using Crisis to Choke Off Crypto Access to Banks
The former acting head of the OCC said federal regulators are working together to keep crypto assets out of the U.S. banking system.
Brian Brooks: ‘My View About Navigating the US Waters Is a Little Bit Different From CZ's’

Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)
U.S. Banking Watchdog: You Can’t Trust Crypto Firms Until They Get Federal Oversight
The chief of the Office of the Comptroller of the Currency equated the FTX collapse with a well-known 1990s bank failure in arguing for consolidated industry regulators.
Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)

U.S. Sen. Cynthia Lummis (left) and Rep. Patrick McHenry (Shutterstock/CoinDesk)
U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody
Rep. Patrick McHenry, chairman of the House Financial Services Committee, and Sen. Cynthia Lummis teamed up on a letter questioning regulators about crypto accounting policy.
U.S. Sen. Cynthia Lummis (left) and Rep. Patrick McHenry (Shutterstock/CoinDesk)

CDCROP: Protego Trust Bank CEO Ron Totaro (Protego Bank)
Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source
Some employees are still in place and the firm’s operations are ready to launch, but money is a problem, said a person familiar with the situation.
CDCROP: Protego Trust Bank CEO Ron Totaro (Protego Bank)

U.S. Federal Reserve building in Washington, D.C.
US Banking Regulators Warn Banks About Crypto Liquidity Risks
The Federal Reserve and other agencies issued another statement about crypto market vulnerabilities as a threat to U.S. banking.
U.S. Federal Reserve building in Washington, D.C.

Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)
US Watchdog Says Banks Shying Away From Stumbling Crypto Industry
The OCC chief says lenders seem to be backing away from the industry’s recent dramas, and a new report from his regulatory agency criticizes the sector for "weak," risky practices.
Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)

CDCROP: Acting Comptroller of the Currency Michael Hsu testify during a hearing before Senate Banking, Housing and Urban Affairs Committee at Dirksen Senate Office Building August 3, 2021 on Capitol Hill in Washington, DC (Alex Wong/Getty Images)
OCC Comptroller: Crypto Companies ‘Don’t Know What They Want to Be When They Grow Up’
Michael Hsu joined “First Mover” to discuss why crypto companies need to provide more clarity on what they offer and be in less of a rush to expand without a “strong foundation.”
CDCROP: Acting Comptroller of the Currency Michael Hsu testify during a hearing before Senate Banking, Housing and Urban Affairs Committee at Dirksen Senate Office Building August 3, 2021 on Capitol Hill in Washington, DC (Alex Wong/Getty Images)

CDCROP: Antoni Trenchev Co-Founder Nexo (Shutterstock/Coindesk)
Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank
The deal will enable Nexo to open bank accounts with Summit National Bank, as well as enhancing its other products.
CDCROP: Antoni Trenchev Co-Founder Nexo (Shutterstock/Coindesk)