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Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements
19.3.2024
Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million civil penalty. The SEC further disclosed that the regulator will “not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court...
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...
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...
Hong Kong Securities Regulator Issues Warning Against ‘Unlicensed’ Crypto Platform Bybit
16.3.2024
The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator has also added Bybit’s products to its alert list of suspicious investment products. The Hong Kong regulator also advised the public to stop patronizing...
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"...
Meme Coins Going Legit Is the Worst Thing for Meme Coins
15.3.2024
Institutions like Franklin Templeton are taking meme coins increasingly seriously this cycle. But will these joke-y projects run afoul of regulators?
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
New York Judge Determines SEC’s Case Against Gemini and Genesis Is Plausible for Alleged Securities Law Violations
14.3.2024
A New York federal judge has ruled that the Securities and Exchange Commission (SEC) has “plausibly alleged” that Gemini and Genesis violated securities laws through the Gemini Earn program. Judge Edgardo Ramos Highlights Hurdles in Dismissing Injunction Claims Early; Cites Howey...
Spot Bitcoin ETFs Could See $220B of Inflows in Next 3 Years: JMP Securities
13.3.2024
Crypto exchange Coinbase (COIN) looks well-positioned to benefit from these growing inflows, the report said
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...