The SEC’s Investor Advisory Committee voted Thursday to recommend new regulations for tokenized securities, including narrow exemptions for on-chain stock trading. The framework would require mandatory disclosures, routine audits, and best-execution requirements for platforms offering tokenized assets. The recommendation represents a step toward clearer regulatory guidance for blockchain-based securities trading.
Archives: Fast News
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Analysts investigate possible connection between whale and Garrett Jin in $50 million slippage loss
An unnamed trader lost 50 million USD by converting 50.43 million aEthUSDT for 327 aEthAAVE. This huge loss is believed to connect with Garrett Jin, a known figure in the crypto space.
Tracking identified 13 wallets potentially belonging to Jin, which received stablecoins from Binance shortly before his notable sales of 261,000 ETH and 11,300 BTC.
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US Treasury imposes sanctions on individuals linked to North Korean IT fraud
The US Treasury’s Office of Foreign Assets Control sanctioned individuals and companies linked to North Korean IT fraud aimed at various industries, highlighting security risks to cryptocurrency businesses.
The designation includes 21 cryptocurrency addresses across Ethereum and Tron, indicating North Korea’s diverse methods for laundering funds, with serious implications for global cybersecurity.
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US Treasury sanctions North Korea-linked IT worker fraud network
The US Treasury has announced sanctions against individuals and entities facilitating a fraud scheme involving North Korean IT workers targeting multiple industries, including blockchain and cryptocurrency companies. The operation used fraudulent identities and infrastructure to infiltrate organizations, representing a broader security threat to the tech sector. Crypto platforms and blockchain firms may face increased scrutiny regarding hiring practices and employee verification protocols.
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Total crypto market gains 50 billion USD in just three hours
The total crypto market’s valuation soared by 50 billion USD in a short time, highlighting robust investor interest and potential for further growth.
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Federal Reserve to initiate 90-day consultation on Basel III rules, Bitcoin risk weight set at 1250%
The Federal Reserve plans to publish proposals for Basel III rules between March 17-21, starting a 90-day public comment period thereafter.
Bitcoin’s classification as a Group 2b asset with a high risk weight of 1250% is controversial, as it demands substantial capital reserves from banks holding Bitcoin.
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A whale withdrew 1,870 XAUT tokens from OKX, valued at approximately 9.54 million USD
After a long period without activity, a whale withdrew 1,870 XAUT tokens from OKX, which is valued at about 9.54 million USD. This significant movement reflects renewed interest in the cryptocurrency.
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Trump to speak at event for memecoin holders as token hits all-time low
Donald Trump is scheduled as the keynote speaker at an event in Florida targeting his top memecoin holders. The announcement comes as the token has reached an all-time low, marking a significant decline from earlier highs.
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SEC commissioner Peirce calls for simpler rules on tokenized securities
Hester Peirce, an SEC commissioner, has advocated for streamlined disclosure requirements and an “innovation exemption” to facilitate testing of tokenized securities. The proposal aims to reduce regulatory barriers for blockchain-based financial instruments while maintaining investor protections. Peirce’s position reflects ongoing debate within regulators about balancing innovation with oversight in the digital securities space.
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Gi-TOC report reveals illegal gold mining in the Amazon is being traded in USDT
The GI-TOC’s report reveals that illegal gold mining from the Amazon is being increasingly traded in USDT, particularly in Venezuela, identified as a key market for this illicit trade over the past two years.