Tag: default
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
Janet L. Yellen, the outgoing Treasury secretary, urged lawmakers to raise the debt limit and protect the full faith and credit of the United States.
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Switzerland’s FINMA Publishes Guidance on Stablecoins to Address Risks on Default Guarantees Issued by Banks
FINMA's guidance, which builds on an initial note from 2019, sets out a number of requirements to ensure adequate protection. Customers must have thei [...]
U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions
In an insider trading case involving Coinbase's former product manager Ishan Wahi, his brother Nikhil Wahi and their friend Sameer Ramani, a U.S. cour [...]
CFTC seeks entry of default against Lions of Forex
The Commodity Futures Trading Commission (CFTC) is pushing for an entry of default in its lawsuit against Lions of Forex LLC (LOF).
In i [...]
SEC wins default judgment against Thor Technologies and founder
Thor Technologies, under the leadership of its founder David Chin, has faced a legal setback in an ongoing dispute with the U.S. Securities and Exchan [...]
U.S. Court Awards Default Win to SEC Against Thor Token Company and Founder David Chin
The court has barred Thor and Chin from participating in any crypto asset securities offering and ordered a disgorgement of $744,555 with prejudgment [...]
MakerDAO’s $1.84M Investment at Risk Due to Default of Tokenized Loans on Centrifuge
However, the development unveils risks about the protocol’s strategy to double down on real-world asset (RWA) investments, including lending to non-cr [...]
MakerDAO Votes to Halt Lending to Tokenized Credit Pool After $2M Loan Default
The embattled Harbour Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2 [...]
CFTC issues $54M default judgment against trader in crypto fraud scheme
On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern Di [...]
Crypto Needs to Be Private by Default, Some Consensus 2023 Guests Say
Many consider the power to selectively reveal or hide oneself to the world a human right, but it is often abused by criminals, leading to calls for in [...]
Biden to Deliver Oval Office Address as U.S. Averts Default
President Biden is scheduled to deliver a rare Oval Office address on Friday evening after congressional passage of legislation that narrowly averts t [...]
Treat Crypto as Securities by Default, European Parliament Study Says as EU Prepares for MiCA
Without changes, “we are skeptical that MiCA will have positive short-term effects given the difficulties of enforcing its rules in an opaque cross-bo [...]
Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker
A tentative deal aimed at stopping the United States government from defaulting on its debts would likely eliminate a proposed tax on the energy usage [...]
Biden and McCarthy Reach Debt Ceiling Deal to Avert U.S. Default
President Biden and Speaker Kevin McCarthy on Saturday reached an agreement in principle to lift the debt limit for two years while cutting and cappin [...]
White House and G.O.P. Strike Debt Limit Deal to Avert Default
Top White House and Republican negotiators on Saturday reached a deal in principle to raise the debt limit for two years while cutting and capping som [...]