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Coinbase's Allies Join Crypto Firm's Case Against SEC
19.3.2024
Several allies joined Coinbase Inc. (COIN) in its court fight against the U.S. Securities and Exchange Commission (SEC) to force the agency to rethink its refusal to write specific rules to govern the crypto industry, with Paradigm, the Crypto Council for Innovation and others filing outside...
Binance Receives Court Order to Release Nigerian Traders’ Data
19.3.2024
A Nigerian court ordered Binance to furnish detailed information regarding all Nigerian traders on its platform to the Economic and Financial Crimes Commission (EFCC).
The post Binance Receives Court Order to Release Nigerian Traders’ Data appeared first on Cryptonews
Grayscale Investments Submits Revised Application for Spot Ethereum ETF
19.3.2024
Grayscale Investments’ Chief Legal Officer announced that the firm has submitted a revised Form 19b-4 for spot Ether exchange-traded funds. The officer, Craig Salm, stated that investors are seeking access to ethereum via a spot Ethereum ETF. Listing on the NYSE Grayscale Investments,...
Crypto Council Files New Amicus Brief Supporting Coinbase’s Legal Battle With SEC
19.3.2024
The Crypto Council for Innovation (CCI) has filed an amicus brief on March 18 in support of Coinbase challenging the Securities and Exchange Commission (SEC) denial of its rulemaking petition.
The post Crypto Council Files New Amicus Brief Supporting Coinbase’s Legal Battle With SEC appeared...
Judge Condemns SEC’s Handling of DEBT Box Case, Ordered to Reimburse Legal Costs
19.3.2024
The US Securities and Exchange Commission was sanctioned for its controversial restraining order against crypto firm DEBT Box, a March 18 court filing showed.
The post Judge Condemns SEC’s Handling of DEBT Box Case, Ordered to Reimburse Legal Costs appeared first on Cryptonews
Fidelity Updates Spot Ethereum ETF Application to Include Staking
19.3.2024
Fidelity has updated its Spot Ethereum exchange traded fund (ETF) application to the U.S. Securities and Exchange Commission (SEC) on March 18 to include staking.
The post Fidelity Updates Spot Ethereum ETF Application to Include Staking appeared first on Cryptonews
Nigeria’s SEC Proposes 400% Registration Fee Increase for Crypto Firms
19.3.2024
Nigeria's Securities and Exchange Commission (SEC) has put forward amendments to the regulatory framework governing platforms offering cryptocurrency services, suggesting a significant increase in registration fees for crypto exchanges.
The post Nigeria’s SEC Proposes 400% Registration...
European Commission Grills Big Tech on AI Risks to Elections: Deepfakes, Misinformation in Focus
15.3.2024
On March 14, the European Commission formally enquired into strategies adopted by big tech companies to mitigate generative Artificial Intelligence (AI) risks capable of misleading voters. The commission has given the companies an April 3 deadline to provide documents and information.
The post...
Democratic Senators Urge SEC Chair Gensler Against Crypto ETF Approvals, Cite “Significant” Risks
15.3.2024
Democratic Senators Laphonza Butler (D-CA) and Jack Reed (D-RI) are pushing United States Securities and Exchange Commission (SEC) Chair Gary Gensler to “strictly limit” the approval of crypto-based ETFs. The senators claim that further approval of crypto ETFs in the U.S. could pose "significant"...
MEXC is Operating Without License in Hong Kong, Regulator Warns
15.3.2024
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning regarding the illegal activities of crypto exchange MEXC.
The post MEXC is Operating Without License in Hong Kong, Regulator Warns appeared first on Cryptonews
Democrats Ask SEC's Gensler to Block Approval of More Crypto ETPs
15.3.2024
Senators say that retail investors face "enormous risks" from such products because thin order books for some cryptocurrencies
SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX
15.3.2024
The SEC has taken legal action against 17 individuals involved in an alleged $300 million Ponzi scheme operating under the name CryptoFX, a cryptocurrency trading platform.
The post SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX appeared first...
Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny
14.3.2024
On March 14, Hong Kong’s Securities and Futures Commission (SFC) cautioned crypto traders about using Bybit, a popular cryptocurrency exchange platform.
The post Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny appeared first on Cryptonews
Thai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs
14.3.2024
Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to the country’s securities regulator. The approval of bitcoin ETFs by U.S. regulators has opened opportunities for Thai asset management firms to gain...
Federal Judge Allows SEC Lawsuit Against Gemini and Genesis to Proceed
14.3.2024
A federal judge has ruled that the US Securities and Exchange Commission's lawsuit against crypto firms Gemini and Genesis will proceed in court.
The post Federal Judge Allows SEC Lawsuit Against Gemini and Genesis to Proceed appeared first on Cryptonews
Terraform Labs Secures Dentons Representation Despite Objections, U.S. Court Decides
13.3.2024
US Judge Brendan Shannon has granted bankrupt crypto company Terraform Labs permission to hire Dentons for its legal representation, according to a report by Reuters. Shannon approved the hiring at a bankruptcy court hearing in Wilmington, Delaware after he deemed Terraform’s legal spending...
Crypto Industry Players in Hong Kong Call for Swift Approval of Bitcoin ETFs
13.3.2024
Authorities in Hong Kong have been urged to approve spot bitcoin exchange-traded funds in order to cement the region’s position as the financial hub of Asia. Industry participants believe that launching this ahead of the U.S. will enhance Hong Kong’s status in the global cryptocurrency...
FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity
12.3.2024
Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill criticized the United States Securities and Exchange Commission's (SEC) controversial SAB 121 while saying that the FDIC’s regulatory approach has “significant downsides" amidst larger discussions around the regulation...
U.S. CFTC's Behnam Says Agency Writing New Policy on Prediction Markets
12.3.2024
U.S. Commodity Futures Trading Commission Chair Rostin Behnam said his agency will propose a rule in the coming months to establish new regulations for prediction markets
Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking
11.3.2024
Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company's formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit