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Citadel Securities and DeFi wage war of words through SEC correspondence

After a 13-page letter from investment powerhouse Citadel Securities informed the US Securities and Exchange Commission that decentralized finance (DeFi) protocols that handle tokenized securities require a closer regulatory grip, the industry hit back with its own correspondence on Friday, calling the arguments “baseless.” “While we share Citadel’s goals of investor protection, orderly markets, and

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USDT Issuer Seeks Full Takeover, Invest $1B in Soccer Club

Tether, the crypto company behind the world’s largest stablecoin, USDT USDT$1.0002aims to acquire popular Italian football club Juventus FC, increasing its minority stake to 100%. The firm said on Friday it has submitted a binding proposal for majority shareholder Exor’s 65.4% stake in the club in a cash offer, according to a Friday blog post.

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Pakistan Moves Towards Tokenization of $2B in government assets with Binance

Binance set to explore tokenization of up to $2 billion in bonds, T-bills and commodity reserves in PakistanReuters reported on Friday. The memorandum of understanding (MOU) with the world’s largest crypto exchange by trading volume highlights Pakistan’s push to use blockchain technology to unlock liquidity and attract foreign investment as it explores a formal crypto

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Ripple, Circle, BitGo among five crypto companies to become trust banks

Five digital asset firms have received conditional approvals to become federally chartered trust banks by the Office of the Comptroller of Currency (OCC) on Friday in a major move to bring US dollar-denominated stablecoin issuers under federal regulatory oversight. Blockchain firm Ripple and Circle’s (CRCL) First National Digital Currency Bank is on the list, which

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Interactive brokers are now accepting Stablecoins in a bid to remain competitive

Interactive Brokers will now allow retail investors to fund individual brokerage accounts with stablecoins, a move aimed at keeping up with the increasingly competitive retail market, Bloomberg reported Friday. The Greenwich, Connecticut-based brokerage competes with rivals including Robinhood Markets Inc. and Charles Schwab Corp. and earlier this year expanded its cryptocurrency trading capabilities along with

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