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U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions
4.3.2024
In an insider trading case involving Coinbase's former product manager Ishan Wahi, his brother Nikhil Wahi and their friend Sameer Ramani, a U.S. court ruled on March 1, 2023, that the trading of certain crypto assets on a secondary market, which Coinbase is, are securities transactions
Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’
4.3.2024
Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not automatically securities and that the SEC’s...
SEC’s Hester Peirce Criticizes Agency’s Crypto Approach as “Strange”
2.3.2024
US Securities and Exchange Commissioner Hester Peirce has reiterated her criticisms of her own agency's approach to cryptocurrencies in a recent appearance at ETH Denver.
The post SEC’s Hester Peirce Criticizes Agency’s Crypto Approach as “Strange” appeared first...
House Financial Services Committee Votes In Favor of Resolution to Overturn SEC’s SAB 121
1.3.2024
The House Financial Services Committee voted on Thursday to proceed with a resolution that would “reverse” the United States Securities and Exchange Commission’s (SEC) controversial digital asset accounting bulletin, SAB 121, which critics claim has "serious ramifications" for the banking...
Brock Pierce, Co-Founder of Tether, EOS, Blockchain Capital, on Tokenizing Real Estate, 2024 Crypto Markets, and Bitcoin | Ep. 313
1.3.2024
In an exclusive interview, Brock Pierce discusses the current bullish situation in the crypto market, the US returning to the crypto scene as a participant following the spot Bitcoin ETF approvals, democratizing real estate investments through tokenization, and projects avoiding the ‘securities’...
State Attorneys General Question SEC’s Authority in Kraken Lawsuit
1.3.2024
A group of state attorneys general has challenged the U.S. Securities and Exchange Commission's (SEC) authority in the ongoing lawsuit against the cryptocurrency exchange Kraken.
The post State Attorneys General Question SEC’s Authority in Kraken Lawsuit appeared first on Cryptonews
SEC Commissioner Says Agency is in “Enforcement-Only Mode” When Regulating Crypto
1.3.2024
SEC Commissioner Hester Peirce has said that the regulatory agency is currently operating in an "enforcement-only mode" when it comes to the regulation of cryptocurrencies.
The post SEC Commissioner Says Agency is in “Enforcement-Only Mode” When Regulating Crypto appeared first...
Grayscale Urges SEC for Spot Bitcoin ETF Options Approval
1.3.2024
Grayscale is calling on the US Securities and Exchange Commission to approve options on its spot Bitcoin exchange-traded fund, aiming to expand access to a broader range of investors.
The post Grayscale Urges SEC for Spot Bitcoin ETF Options Approval appeared first on Cryptonews
Hong Kong Ends Crypto Exchange License Applications, Noncompliant Platforms to Close by May 31
29.2.2024
The Hong Kong Securities and Futures Commission closed its crypto exchange licensing portal on February 29th, setting a May 31st closure deadline for exchanges that haven't completed the process.
The post Hong Kong Ends Crypto Exchange License Applications, Noncompliant Platforms to Close by May...
Chamber of Digital Commerce Files Brief on Behalf of Kraken in Controversial SEC Case
29.2.2024
Crypto advocacy group the Chamber of Digital Commerce has thrown its support behind Kraken in its battle against the United States Securities and Exchange Commission (SEC), according to a February 27 court filing. The brief marks the latest stage in Kraken's legal saga with the federal agency...
Former Director of Blockchain Global Liang Guo Detained in Australia
29.2.2024
In an X post published on February 28, the Australian Securities and Investments Commission (ASIC) announced it had secured an interim travel restraint order from the Federal Court of Australia against Liang Guo, the company’s director.
The post Former Director of Blockchain Global Liang...
Sam Bankman Fried’s Legal Team Cites Autism Spectrum Disorder in Plea for Leniency
29.2.2024
Lawyers for disgraced former FTX CEO Sam Bankman-Fried (SBF) have argued that judges should consider their client’s autism traits when deciding his prison sentence. SBF faces a maximum of 110 years between seven counts of money laundering, wire fraud and securities fraud. However, his defense...
SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On?
29.2.2024
The United States Securities and Exchange Commission (SEC) has flagged Terraform Labs $166 million in payments to Denton since 2023.
The post SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On? appeared first on Cryptonews
Matrixport Files Virtual Asset Trading License Application with Hong Kong SFC
28.2.2024
Matrixport applied for a virtual asset trading license with Hong Kong's securities regulator on Feb. 26. A roster published on the Securities and Futures Commission website showed that the platform's Hong Kong-based branch is called Flying Hippo Technologies.
The post Matrixport Files Virtual Asset...
SEC to “Ramp Up in Enforcement and Regulatory Actions” in 2024, New Report Reveals
27.2.2024
The United States Securities and Exchange Commission (SEC) will continue to “ramp up” its ruling-by-enforcement approach in 2024, Norton Rose Fulbright’s 2024 FinTech Outlook released this past week reveals.
The post SEC to “Ramp Up in Enforcement and Regulatory Actions” in 2024,...
ETC Group Launches Ethereum-Tracking ETP on Deutsche Börse Xetra
27.2.2024
ETC Group, a prominent provider of digital asset-backed securities, has expanded its cryptocurrency product range by introducing an Ethereum (ETH) staking exchange-traded product (ETP).
The post ETC Group Launches Ethereum-Tracking ETP on Deutsche Börse Xetra appeared first on Cryptonews
Terra Founder Do Kwon’s SEC Trial to Start Without Him Amid Extradition Delay
27.2.2024
Do Kwon, co-founder of Terraform Labs, is expected to miss the beginning of his US Securities and Exchange Commission (SEC) trial on fraud charges due to delays in his extradition from Montenegro.
The post Terra Founder Do Kwon’s SEC Trial to Start Without Him Amid Extradition Delay appeared...
Hong Kong-Based HTX, Formerly Huobi, Withdraws Crypto Exchange Application
27.2.2024
Hong Kong-based cryptocurrency exchange HTX, formerly known as Huobi Global, withdrew its application for a license on February 23, according to a filing posted on the Securities and Futures Commission website.
The post Hong Kong-Based HTX, Formerly Huobi, Withdraws Crypto Exchange Application...
HTX Withdraws Hong Kong Crypto Exchange Application
27.2.2024
Hong Kong's securities regulators says HBGL Hong Kong Limited withdrew its application for a license on February 23
Many of Lawsuits Initiated under Gensler Will be Dropped: Billionaire Investor Mike Novogratz
26.2.2024
Billionaire investor Mike Novogratz believes many of the lawsuits brought under current Securities and Exchange Commission Chair Gary Gensler will be dropped.
The post Many of Lawsuits Initiated under Gensler Will be Dropped: Billionaire Investor Mike Novogratz appeared first on Cryptonews