Gensler reiterated his view that most of the crypto market falls under the definition of an investment contract and that new rules are not needed to regulate the market.
Australian bank ANZ will cease facilitating withdrawals and deposits from certain branches, and while RBA data suggests this is in line with a broader trend toward digital payments, it has sparked fears that cash could be replaced by a CBDC.
Replying to a thread Maxine Waters, the former CEO of FTX expressed his willingness to testify at a committee hearing in the U.S. House of Representatives.
Texas enforcers invite Sam Bankman-Fried to the hearing, Brazil legalizes crypto as a payment method, and Italy imposes capital gains tax on digital assets all the major news in regulation.
The document also stated that there is “substantial interest in these events” from global regulators, as many have opened investigations on the exchange.