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The U.S. SEC sued Silvergate Capital Corporation and accused the bank of making false statements to the public about its AML procedures.

The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank’s parent entity and its former executives on Monday.

The company now holds 905 bitcoins in its treasury, representing $55.2 million based on a BTC price of $61,000 on June 30.

Paxos received approval from Singapore’s central bank to offer certain services that will ultimately allow the firm to issue stablecoins.

A Supreme Court decision to overturn the Chevron doctrine muddles the push for legislation to regulate the crypto industry, TD Cowen said.

DePIN stands for Decentralized Physical Infrastructure Networks, or in simple terms, real-world applications that are actually useful, says Max Thake, cofounder of Peaq, a layer-1 for DePIN.

The agency said it chose Coinbase Prime to provide custody and “advanced trading services” for large-cap digital assets.

The regulator’s refusal to listen to dissenting opinion on its new Dealer Rule left us no option but to sue for clarity and accountability, says Marisa Coppel, head of legal at the Blockchain Association.

Circle will be able to issue stablecoins USDC and EURC under Europe’s stringent crypto regulatory framework.

EU stablecoin users are urged to convert non-compliant stablecoins to regulated ones as the bloc’s MiCA regulation goes live.