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Grayscale Ramps Up Efforts Against SEC For Rejecting Bitcoin ETF
12.10.2022
Crypto asset management company Grayscale has filed the opening brief in its lawsuit against the U S. Securities and Exchange Commission (SEC), challenging the agency's decision to deny its application to convert the GBTC into a spot Bitcoin ETF.
Grayscale, which has been trying to convert...
SEC Investigating Bored Ape NFT Creator Over Unregistered Asset Offering
12.10.2022
The U.S. Securities and Exchange Commission (SEC) has launched a probe into Yuga Labs, the entity behind the popular NFT collection Bored Ape Yacht Club, over the sale of its NFTs and digital tokens.
The regulatory agency is investigating whether some Yuga Labs NFTs are akin to stocks and should...
EU Commission Launches Proposal for Study of Automated DeFi Supervision
10.10.2022
The study is the latest in a series of moves in a regulatory push across the bloc
Mad Money’s Jim Cramer Wants Crypto Investors to Bet Against Him — ‘I Have Done This for 42 Years’
10.10.2022
The host of Mad Money, Jim Cramer, has challenged crypto investors to bet against him. “You do not do this for 42 years and lose money every year,” he said. His statement followed a filing with the U.S. Securities and Exchange Commission (SEC) for “Inverse Cramer ETF.”...
Fidelity Launches Ethereum Index Fund — Sees Client ‘Demand for Exposure to Digital Assets Beyond BTC’
7.10.2022
A filing with the U.S. Securities and Exchange Commission has shown that Fidelity looks to launch an investment product known as the Fidelity Ethereum Index Fund on October 4, 2022. While the new fund is not an exchange-traded fund it is said to be structured as a “traditional limited...
Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal
7.10.2022
The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the prospectus disclosing information, the New York-based Greenidge conducted a sales agreement with...
European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion
7.10.2022
Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders...
EU Council Endorses Markets in Crypto Assets (MiCA) Legislation
6.10.2022
Council of the EU, one of the European Union’s legislative bodies, has approved the proposed regulatory framework for the European crypto space. It’s now up to European lawmakers to approve the Markets in Crypto Assets package before its final adoption. Comprehensive Crypto Regulation...
SEC Halts Crypto Ponzi Operation Targeting Latino Investors
6.10.2022
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action to stop an ongoing crypto Ponzi scheme targeting Latino investors.
According to an SEC press release, the scheme was being operated by defendants Mauricio Chavez and Giorgio Benvenuto through CryptoFX - a company...
Crypto Touted by Kim Kardashian Climbs 124% After SEC Charges, Token Value Dumps the Next Day
5.10.2022
Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower...
Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker
5.10.2022
Jared Huffman, a United States lawmaker who advocates for increased scrutiny of crypto-mining entities, has reportedly chastised U.S. energy agencies that he accuses of failing to act on the White House’s call on them to do “reliability assessments of current and projected...
SEC Chair Gensler Insists Most Crypto Tokens Are Securities — Says ‘the Law Is Clear’
5.10.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated that most crypto tokens are securities, emphasizing that “the law is clear on this.” However, the Commodity Futures Trading Commission (CFTC) has asked Congress for authority over crypto...
Federal regulators are preparing to pass judgment on Ethereum
5.10.2022
The Securities and Exchange Commission is moving to take action against Ethereum that reaches far beyond America’s borders
NFT Firm Seeks US Election Commission’s OK to Market Campaign Souvenirs
4.10.2022
In the grand political tradition of campaign buttons – think “All the Way with LBJ” or “I Like Ike” – the crypto world is trying its own version, with a non-fungible token (NFT) firm seeking approval from the U.S. Federal Election Commission to offer souvenir tokens to political committees
Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months
4.10.2022
Public records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February and because he is a Coinbase associate, he’s required by law to submit his trades to the U.S....
SEC Charges Socialite Kim Kardashian for Unlawfully Touting Ethereummax
3.10.2022
On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans...
Two Firms Charged by US SEC for Crypto Pump and Dump Scheme
3.10.2022
The U.S. Securities and Exchange Commission (SEC) has charged two now-defunct cryptocurrency firms and their executives for allegedly running a pump-and-dump scam worth $36.8 million from 2017 until 2019 via a token called 'Dignity' (DIG). ...
Read More: Two Firms Charged by US SEC for Crypto Pump...
CFTC Chairman on US Crypto Regulation: We Have to Rely on 70-Year-Old Case Law to Determine What’s a Security or Commodity
3.10.2022
The chairman of the Commodity Futures Trading Commission (CFTC) says his agency and the Securities and Exchange Commission (SEC) “have to rely on 70-year-old case law to determine what’s a security or a commodity.” He stressed that the SEC and CFTC are working together...
Report: CME Group to Face off With FTX After Filing for Futures Commission Merchant Status
2.10.2022
According to a recent report, the world’s largest derivatives exchange CME Group is looking to register as a direct futures commission merchant (FCM). CME Group’s decision follows the digital currency exchange FTX, as the crypto company applied to become a derivative clearing...
SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme
2.10.2022
The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto assets, it bears the hallmarks of a classic pump and dump scheme,” said the SEC....