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SEC Charges Consensys With Violating Federal Securities Laws

28.6.2024
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys Software Inc., accusing the blockchain firm of violating federal securities laws by failing to register as a broker and engaging in unregistered securities offerings. The SEC’s complaint highlights...

SEC sues Consensys over MetaMask’s brokerage, staking services

28.6.2024
The U.S. SEC claims Consensys has been operating as an unregistered broker through MetaMask

SEC Sues ConsenSys Over MetaMask Staking, Broker Allegations

28.6.2024
The U.S. Securities and Exchange Commission sued Ethereum software provider ConsenSys over its MetaMask service Friday, alleging the wallet tool was an unregistered broker that "engaged in the offer and sale of securities" and that its staking service violated federal securities laws

21Shares files application for spot Solana ETF

28.6.2024
The proposed fund would be called the 21Shares Core Solana ETF and would not participate in staking SOL

Supreme Court Rules to Overturn the Chevron Doctrine, Curbing Federal Agencies’ Power

28.6.2024
The U.S. Supreme Court ruled 6-3 on Friday to drastically curb the authority of federal regulators, overturning a 40-year-old legal precedent that gave regulatory agencies leeway to interpret the laws they are tasked with enforcing

T-Rex Group Files for Leveraged ETFs Targeting Microstrategy’s Bitcoin-Heavy Portfolio

28.6.2024
T-Rex Group has filed for exchange-traded funds (ETFs) that aim to leverage the daily performance of Microstrategy Incorporated (MSTR). The proposed ETFs will take 2x long and 2x inverse positions in MSTR, magnifying its daily stock performance by 200%. T-Rex Group Files for Microstrategy ETFs...

Nigeria’s SEC boss says crypto can aid 38M unbanked

28.6.2024
Agama noted that cryptocurrencies like Bitcoin can greatly lower remittance costs, making it easier and cheaper for Nigerians abroad to send money home

SEC Revokes Lufkin Advisors’ Registration Amid Fraudulent Crypto Activities

28.6.2024
The U.S. Securities and Exchange Commission (SEC) instituted administrative proceedings against Lufkin Advisors LLC on Wednesday. This follows an offer of settlement from Lufkin Advisors, which the SEC has accepted. The SEC found that Lufkin Advisors engaged in fraudulent activities, including...

Solana ETF possible with a change in POTUS, SEC: Balchunas

28.6.2024
Two industry pundits believe a change in SEC Chair is needed to even entertain the idea of a spot Solana ETF

State Street Partners With Galaxy Asset Management to Create New Crypto ETFs

27.6.2024
State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more...

Supreme Court Rules SEC In-House Penalty Proceedings Violate Seventh Amendment

27.6.2024
The Supreme Court ruled on Thursday that the U.S. Securities and Exchange Commission (SEC)’s use of in-house proceedings to impose civil penalties for securities fraud violates the Seventh Amendment’s right to a jury trial. The case arose from the SEC’s action against George...

U.S. Supreme Court Says No More In-House Tribunals for the SEC, Other Federal Regulators

27.6.2024
The U.S. Supreme Court ruled Thursday to strip the U.S. Securities and Exchange Commission (SEC) of one of its key enforcement processes, deciding in a 6-3 vote that the federal agency’s use of in-house judges is a violation of the constitutional right to a jury trial

Solana Climbs 8.1% Following Vaneck’s SEC Filing for SOL-Based ETF

27.6.2024
Following Vaneck’s application with the U.S. Securities and Exchange Commission (SEC) to launch a solana-based exchange-traded fund (ETF), solana has appreciated 8.1% against the U.S. dollar. Apart from bitcoin, ethereum, and stablecoins, solana now boasts the highest daily trade volume among...

Crypto for Advisors: Decoding the Ether ETF Filings

27.6.2024
For fans of crypto, ETFs, or both, the potential spot ether ETF launch has carried on the excitement that began earlier this year with the spot bitcoin ETF launch

Coinbase Accuses U.S. SEC, FDIC of Improperly Blocking Document Requests

27.6.2024
A research firm Coinbase contracted is suing the U.S. Securities and Exchange Commission (SEC) and a federal banking agency, accusing them on Thursday of failing to produce documents under open-records laws that would shed light on the regulators' views on cryptocurrencies

Vaneck Seeks SEC Approval for Solana-Based ETF

27.6.2024
In a significant expansion of its cryptocurrency offerings, Vaneck has announced the filing of the first U.S. exchange-traded fund (ETF) focused on Solana. This move marks a strategic enhancement of Vaneck’s digital asset products, according to Matthew Sigel, head of digital asset research....

Coinbase Sues SEC, FDIC for Transparency on Crypto Regulations

27.6.2024
Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC) to obtain documents on their approaches to cryptocurrency regulation. Coinbase’s chief legal officer highlighted the lack of clear guidelines from the...