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The US Securities and Exchange Commission is pushing to clear up years of confusion over a key broker-dealer reporting rule that prevented certain assets from being quoted by broker-dealers on the over-the-counter (OTC) market. The SEC Rule 15c2-11 was first adopted in 1971, aimed at reducing fraud in the penny stock market. It requires broker-dealers to maintain up-to-date public information about an issuer before it can publish over-the-counter quotes.In 2021, the rule was reinterpreted to also include fixed-income securities (such as government or corporate bonds), which saw backlash from the market. There have also been questions about whether it applies to crypto…

Billionaire investor Stanley Druckenmiller said blockchain and stablecoins may only be a decade away from powering the global payments system — though he isn’t sold on the idea of crypto functioning as a store of value.In an interview with Morgan Stanley recorded on Jan. 30 and released on Friday, the former hedge fund manager said blockchain-based tokens — particularly stablecoins — boost productivity in the payments space:”Blockchain and the use of stablecoins, if you want to throw crypto into that, tokens, incredibly useful in terms of productivity,” Druckenmiller said.”I assume our whole payment systems will be stablecoins in 10 or…

Bitcoin miners are caught in the tightest squeeze of the network’s history, and a new Wintermute report argues that simply waiting for the next bull run is no longer a strategy.  Instead, the firm says miners will have to reinvent themselves as infrastructure and treasury managers if they want to make it to the next halving. Wintermute analyst Jasper De Maere says the current mining cycle is structurally different from prior ones in 2018 and 2022. Bitcoin’s design cuts block rewards in half every four years, but this time the price has not doubled over the same window, which means…

XRP is in a compression phase rather than a breakdown, according to analyst EGRAG CRYPTO, who says the chart’s most important trigger now sits at $2.20. In a post published Friday, he argued that reclaiming that level would mark the point where the current structure turns decisively constructive again. EGRAG’s analysis is built around the monthly XRP chart and, specifically, the 21-period exponential moving average. “I keep repeating this: I don’t predict the future. I read charts, study cycles, and utilize on indicators,” he wrote, framing the setup less as a directional call than as a structural read of the…

BlackRock’s digital assets head, Robert Mitchnick, said the $14 trillion asset manager won’t get too creative with the types of crypto exchange-traded funds it offers, even as it launched a staking-focused Ether ETF on Thursday.Speaking on CNBC’s Crypto World segment on Friday, Mitchnick acknowledged that some of the crypto ETF structures that other asset managers are experimenting with may appeal to certain investors, but said BlackRock will continue to take a more measured approach:”Will we see some more exotic structures coming into the space? I think no question,” Mitchnick said. “Some of those will be interesting. Some of them will…

Lawmakers said they will oversee the investigation to ensure authorities hold Binance accountable if sanctions violations are confirmed. Democratic Senators Chris Van Hollen, Elizabeth Warren, and Ruben Gallego confirmed that the United States Department of Justice is investigating whether crypto exchange Binance violated US sanctions laws by facilitating billions of dollars in transactions linked to Iran and entities associated with terrorism. The lawmakers, all members of the United States Senate Committee on Banking, Housing, and Urban Affairs, said the probe comes after their earlier request urging US authorities to examine the exchange’s compliance with sanctions regulations. DOJ’s Binance Investigation In…

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…

Brothers James and Anton Peraire-Bueno have asked a federal judge to toss their criminal charges.Their month-long trial ended with a hung jury last year.The judge said she would not schedule a new trial until she rules on the brothers’ request.During a high-stakes hearing in New York on Friday, a lawyer for James Peraire-Bueno likened his $25 million scheme, which exploited crypto trading bots, to that of Mango Markets foe Avraham Eisenberg.Like Eisenberg, Peraire-Bueno made millions when he took advantage of a design flaw in crypto software, the attorney said. And, like Eisenberg, Peraire-Bueno should be acquitted, he added. Prosecutors have…

In brief Lawmakers Mike Levin and Adam Schiff introduced the DEATH BETS Act on Tuesday, targeting prediction contracts on war, death, and assassination. The bill comes as CFTC Chairman Selig announced plans to expand the regulatory framework for prediction markets. Schiff previously led a Senate letter urging the CFTC to enforce existing prohibitions on war and death contracts. Two Democratic lawmakers introduced legislation on Tuesday to ban prediction market contracts tied to war, death, and assassination, even as the CFTC announced plans to expand the regulatory framework governing the sector.Rep. Mike Levin (CA-49) and Sen. Adam Schiff (D-Calif.) unveiled the…

XRP drifted lower in quiet trading as declining volume and repeated rejection near $1.44 kept the token trapped inside a tightening range.News BackgroundXRP continues to move largely in line with broader crypto sentiment, with no major token-specific catalysts driving recent price action. The token has spent much of the past week consolidating between roughly $1.34 and $1.44 as traders wait for a clearer directional signal.Despite muted market participation, activity on the XRP Ledger has picked up.Daily transaction counts have climbed to around 2.7 million, according to market data, reflecting rising network usage tied in part to real-world asset tokenization projects…