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Tokenized Stocks Pioneer Dinari Earns Regulatory Green Light
21.8.2023
Blockchain-based stock trading platform Dinari has obtained regulatory approval to tokenize stocks.
The license, which is subject to final approval by the Financial Industry Regulatory Authority, would allow the company to replicate the US stock market on the blockchain within the bounds...
SEC Files Motion to Certify Interlocutory Appeal of Ripple-XRP Ruling
21.8.2023
The U.S. Securities and Exchange Commission (SEC) has filed a motion to certify an interlocutory appeal of two rulings in the Ripple case regarding XRP. According to the securities regulator, “Immediate appeal of these rulings is warranted … because they involve controlling questions...
Report: SEC on Cusp of Approving Ethereum Futures Amidst Crypto Market Rollercoaster
18.8.2023
The U.S. Securities and Exchange Commission (SEC) is said to be on the verge of greenlighting futures products tied to ethereum (ETH), as per a Bloomberg report. One insider privy to the development indicated that a handful could secure approval come October. Unnamed Sources Reveal SEC May Soon...
Valkyrie Files for Ethereum ETF With US Securities Regulator
18.8.2023
U.S.-based asset manager Valkyrie is requesting regulatory approval from the U.S. Securities and Exchange Commission (SEC) for an ether futures exchange-traded fund (ETF). The move follows the acceptance by the SEC of Valkyrie’s application for a spot bitcoin ETF last month. Asset Manager...
Judge Grants SEC’s Request to Seek Interlocutory Appeal in Ripple Case Over XRP
18.8.2023
District Judge Analisa Torres has granted the request by the U.S. Securities and Exchange Commission (SEC) seeking to file an interlocutory appeal in the Ripple case over XRP. Judge Torres’ approval came one day after Ripple Labs filed its objection to the SEC’s request. Judge...
Coinbase, Tarred as an Illicit Exchange by the SEC, Quietly Got Regulated Elsewhere in the U.S.
17.8.2023
As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and selling of crypto futures
Lawmakers Probe SEC and FINRA Over ‘Shady Approval’ of Prometheum
17.8.2023
U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for digital assets.” They raised concerns about the timing...
Chamber of Digital Commerce Policy VP Criticizes SEC’s Aggressive Stance on Crypto Industry Regulation
16.8.2023
During an interview, Cody Carbone, the Vice President of Policy at the Chamber of Digital Commerce, expressed his concerns regarding the regulatory stance the US Securities and Exchange Commission (SEC) has adopted toward the cryptocurrency industry.
Carbone highlighted that the SEC’s approach...
Former SEC Official Anticipates Exponential Shifts in Crypto Regulations After Election Day
16.8.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has outlined potential changes in the U.S. and at the SEC that could have positive impacts on the crypto industry, including the approval of spot bitcoin exchange-traded funds (ETFs). The changes could include...
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval
15.8.2023
Republicans on the U.S. congressional committee that oversees the Securities and Exchange Commission (SEC) are demanding agency Chair Gary Gensler explain how Prometheum Inc. won its unique approval as a broker-dealer for crypto
Michael Burry Bets $1.6 Billion Against Market: ‘Big Short’ Investor Takes Bearish Stance on S&P 500 and Nasdaq
15.8.2023
In filings with securities authorities released on Monday, renowned hedge fund manager Michael Burry, whose exploits were famously captured in the film “The Big Short,” took a bearish stance on the market. Burry’s Scion Asset Management shorted the S&P 500 and Nasdaq 100...
Law Professors Blast SEC’s Concept of Investment Contract in Amicus Brief
14.8.2023
Six professors of law have issued an amicus brief in favor of Coinbase, blasting the U.S. Securities and Exchange Commission’s (SEC) stance on the definition of investment contracts. Through a historical examination of the development of securities laws, the brief concludes that an investment...
Fundstrat’s $180K Bitcoin Price Prediction, Analyst Says World War III Already Started Citing BRICS, SEC Looks to Appeal Ripple Ruling — Week in Review
13.8.2023
A Fundstrat investor note has said BTC could hit $180,000 before the upcoming block reward halving in April 2024, and an Indian analyst thinks World War III has already begun, expecting the BRICS economic bloc to merge with the Shanghai Cooperation Organization (SCO). In other news, the United...
Former SEC Official Warns ‘Crypto Regulatory Onslaught Will Never End’
13.8.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that “crypto regulatory onslaught will never end.” He claimed that cryptocurrency trading platforms, like Binance and Coinbase, are simply playing “a short game of regulatory...
Nigerian Association of Money Changers Calls for Banning of Binance
12.8.2023
The leader of Nigeria’s Association of currency exchangers has accused the crypto giant Binance of helping to worsen the local currency’s woes and asked authorities to consider banning the platform. The leader suggested that the optimism which ensued after Tinubu’s government floated...
Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million
12.8.2023
Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub”...
Spot Bitcoin ETF Applications Face More Delays
11.8.2023
The U.S. Securities and Exchange Commission (SEC) on Friday asked for additional public feedback on a proposal to list a spot bitcoin exchange-traded fund (ETF), likely delaying any decision on the high-profile applications. SEC Seeks Public Opinion on Spot Bitcoin ETF The SEC put out a 34-page...
Hong Kong securities regulator issues in-principle approval to HKVAX
11.8.2023
The announcement comes after Hong Kong debuted crypto retail trading with exchanges HashKey and OSL
Hong Kong securities regulator issues in-principle approval to HKVAX
11.8.2023
The announcement comes after Hong Kong debuted crypto retail trading with exchanges HashKey and OSL
SEC Could Approve Spot Bitcoin ETF Within 6 Months, Says Mike Novogratz
11.8.2023
Galaxy Digital CEO Mike Novogratz is optimistic that the U.S. Securities and Exchange Commission (SEC) could approve a spot bitcoin exchange-traded fund (ETF) within four to six months. The executive cited his contacts at Blackrock, the world’s largest asset manager, and investment...