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SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin
11.7.2024
The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year after the SEC sent Paxos a Wells Notice concerning...
Supreme Court ruling ‘changes the game’ for US crypto firms
11.7.2024
The high court’s decision further bolsters the argument “that Congress, not an agency, should decide if — and how — to regulate Web3.”
Terraform Labs to sell 4 companies as part of wind-down
11.7.2024
The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal
Bloomberg Analyst Discusses Solana ETF Deadline and Election Impact
11.7.2024
A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that the U.S. presidential election in November will play a crucial role in their approval. Analyst...
CFTC Chair reiterates BTC and ETH are commodities in testimony
11.7.2024
Head of the US commodities regulator, Rostin Behnam, has again argued his agency should be given regulatory oversight of Bitcoin and Ethereum to better protect investors
Fed Chair Powell Reaffirms Stance on Custody Assets Amid SEC Crypto Rule Controversy
11.7.2024
On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody...
Tech Coalition Urges Biden to Lead on Cryptocurrency Regulation
10.7.2024
In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets, highlighting the potential benefits for both investors...
Whale transfers $50M in ETH amid ETF anticipation
10.7.2024
With the approval of the spot Ether ETF in the US approaching, attention turns to its potential impact on Ethereum’s trajectory in the coming weeks
Nigerian minister urges SEC to tackle crypto regulation challenges
10.7.2024
Nigeria's cryptocurrency regulations are currently in the process of being updated
Uniswap cites Chevron in another urge for SEC to drop bid to rule over DeFi
10.7.2024
Uniswap Labs argues the SEC’s proposed legal amendments to give it power over DeFi are being made against “a legal backdrop that no longer exists.”
Nigeria’s Finance Minister Urges SEC to Tackle Challenges in Regulating Cryptocurrency
9.7.2024
The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent oversight to maintain market integrity in the capital...
What Still Needs to Happen Before Spot Ether ETFs Can Trade
9.7.2024
There's a lot of excitement over the possibility that a spot ether exchange-traded fund (ETF) may be around the corner. Here's what still needs to happen before one may launch
Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and Corrupt
9.7.2024
Crypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge the SEC’s legitimacy through legal, congressional, and media avenues, arguing...
Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye — Lawyers
9.7.2024
Celebrities who have brazenly shilled their memecoins on X in recent months run a high risk of attracting the attention of the SEC and class-action lawsuits
German gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressure
8.7.2024
Repeated Bitcoin transfers to centralized exchanges suggest the German government plans to sell the remaining $1.3 billion in BTC holdings
VanEck and 21Shares send amended Ether ETF filings to SEC
8.7.2024
Some experts are still speculating that the final approval of spot Ether exchange-traded funds could allow listing and trading as early as July
Ethereum ETF Amendment Deadline- Will SEC Approve ETH ETFs This Week?
8.7.2024
As the week begins, crypto investors remain focused on anything that could bring back the bull rally. In this case, Ethereum ETFs could be the spark that ignites another bull run, but the United States SEC has a significant role to play. Regulators, traders, and investors await the S-1 submissions...
Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye: Lawyers
8.7.2024
Celebrities who have brazenly shilled their own memecoins on X in recent months run a high risk of attracting the attention of the SEC and class action lawyers
Sleeping BTC Wallets Reactivate, Bitcoin Dips, and More — Week in Review
7.7.2024
Several longtime holders of Bitcoin have reactivated dormant wallets, moving substantial amounts of BTC after years of inactivity. Bitcoin’s price dipped to $56,952 amid speculation related to the Mt Gox distribution and the German government’s transfer of 3,000 BTC. Standard...
Nigerian central bank alleges unauthorized transactions by Binance
6.7.2024
In a Nigerian court on Friday, July 5, Binance's illegal operations were highlighted, with Central Bank official testifying on lack of necessary licenses and regulatory approval