EUR/USD 1.15309
0.026%
Gold 4050.88
-1.284%
Oil 83.139
0.594%
USD/JPY 159.176
-0.208%
GBP/USD 1.34761
0.081%
GBP/JPY 214.510
-0.118%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 1st - The Italian Civil Protection Department announced on August 1st that, as of now, the earthquake that struck near Naples in southern Italy on the evening of July 31st has injured 26 people. According to the Italian newspaper Corriere della Sera, a magnitude 4.7 earthquake struck the Camp Freigé area near Naples at 7:46 PM local time on July 31st. From then until the morning of August 1st, more than 170 earthquakes occurred. The Civil Protection Department stated that in addition to causing the collapse of some uninhabited buildings, the earthquake also damaged many other structures, forcing approximately 300 people to evacuate their homes. Currently, firefighters and technicians are continuing to conduct building safety inspections, and the possibility of further evacuations cannot be ruled out.Security and refinery sources: The fire at the refinery in southwestern Erbil, Iraq, has been extinguished and production is gradually resuming.The U.S. Geological Survey reports a magnitude 4.9 earthquake that struck 3 kilometers west of Matsuse, Japan, at a depth of 10.0 kilometers.August 1st - According to the Washington Post, multiple officials stated that Admiral Alexus Grynkewich, Commander of U.S. European Command, privately warned the Pentagon this week of a lack of sufficient naval power to continue protecting Israel from ballistic missile attacks, highlighting the resource pressures on the U.S. military from the ongoing conflict with Iran. The commander stated that if he could not acquire another destroyer, he would be forced to choose between defending the U.S. "homeland" and defending Israel. A U.S. defense official stated that Grynkewichs warning was consistent with previous briefings from senior U.S. military officers to the Pentagon when they perceived risks requiring U.S.-level consideration. The official said such situations can occur when theater commanders compete for limited resources and weapons.Ukrainian President Zelensky: The Ukrainian military attacked a sanctioned Russian container ship named YANINA, which has a deadweight tonnage of over 100,000 tons.

U.S. SEC working to register crypto lending firms -Gensler

Skylar Shaw

Jul 22, 2022 15:07

微信截图_20220722150157.png


The director of the federal regulator told CNBC in an interview on Thursday that the U.S. Securities and Exchange Commission is trying to get certain so-called cryptolending businesses legally registered if they function more like investment firms.


The chairman of the Wall Street regulator told CNBC in an interview on Thursday that the U.S. Securities and Exchange Commission (SEC) is attempting to get certain cryptolending businesses legally registered if they function more like investing firms.


Gary Gensler, the chairman of the SEC, also said that while it was up to major financial institutions to determine whether or not to incorporate cryptocurrency options in their client portfolios, the risks associated with crypto tokens needed to be made clear.


Since many of these businesses "may well be investment organizations receiving hundreds of thousands or millions of dollars from clients, putting it all together, and then lending it out while claiming relatively high returns, we have concentrated on this sector, You might argue it sounds a little bit like an investing firm or a bank," Gensler added.


How do they accomplish that? What is the substance of such guarantees? We're going to collaborate with the sector to properly register these companies under the securities rules.


Companies who deal in cryptocurrencies have said that they are still uncertain of how U.S. rules would apply to goods that let users earn interest on holdings rather than exchanging them.


Since May, attention has once again been drawn to the cryptocurrency markets during recent periods of volatility that have long frightened watchdogs.


In recent weeks, a number of cryptocurrency lenders have failed due to falling cryptocurrency values. Insolvency papers have been filed by Celsius Networks. BlockFi and FTX agreed to an agreement, and the cryptocurrency exchange now has the option to purchase BlockFi for up to $240 million.


Companies with cryptocurrency exposure have already issued warnings that drops in token values might have unintended consequences, such as bringing on margin calls.


Investors have deserted the crypto markets as the U.S. Federal Reserve has started raising rates to fight inflation.


The remarks made on Thursday come after many pronouncements by Gensler to the effect that, in his opinion, certain cryptocurrency trading platforms may fit the definition of "securities" and should be traded and governed as such.

Suggestion