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Today in Crypto: Swarm Launches EU-compliant KYC Solution for Tokenized Securities, CoinList Reveals Fund for US Investors to Stake Crypto
13.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Swarm Launches EU-compliant KYC Solution for Tokenized Securities, CoinList Reveals Fund for US Investors...
Terraform Labs Alleges Citadel Securities' Role in Stablecoin Depegging Conspiracy
13.10.2023
Terraform Labs, the entity behind Terra (LUNA) and TerraUSD (UST), has accused market maker Citadel Securities of a "concerted, intentional effort" to cause the collapse of its stablecoin in May 2022.
On October 10, Terraform Labs filed a lawsuit with the United States District Court in...
Defi Not a Risk to Financial Stability Yet, EU Securities Regulator Reports
13.10.2023
Decentralized finance (defi) brings risks for investors but is yet to pose “meaningful risks” to financial stability, according to Europe’s securities watchdog. The agency believes, however, the phenomenon deserves attention in light of the EU’s new crypto rules as well as growing user base and...
Terraform Labs contends Citadel Securities had a hand in its stablecoin collapse
13.10.2023
Terraform Labs has urged the judge to grant its motion to compel trading data from Citadel Securities, which it says had a hand in the collapse of USTC in May 2022
Ethereum DeFi Protocol BarnBridge Faces SEC Action and Fines, Opens Token-Holder Voting
12.10.2023
Decentralized finance (DeFi) lending project BarnBridge has announced a token-holder voting to tackle the legal charges that the project is facing from the US Securities and Exchange Commission (SEC), along with fines.
BarnBridge confirmed in July that is it facing a probe from the US regulators...
Decentralized finance yet to pose ‘meaningful risk’ to stability — EU regulator
12.10.2023
The European Securities and Markets Authority argued that DeFi was still too small to pose any sizeable risks to overall financial stability, but should be monitored
State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase
11.10.2023
A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to implementing existing...
EU’s Securities Regulator Weighs In On The Risk and Benefits of DeFi to the Economy
11.10.2023
The European Securities and Market Authority (ESMA) has released a report on the development of decentralized finance (DeFi) and the risk posed by growing adoption.
In a report released on Oct 11, the 22-page document highlights the risks posed by a sector that holds much promise and reshaped...
U.S. State Regulators Intervene in Coinbase’s Unregistered Securities Case
11.10.2023
Amicus briefs filed to support the SEC argue crypto is insignificant, only used for speculation, and captured by existing investor-protection rules
Securities regulators oppose special treatment of crypto in Coinbase case
11.10.2023
A body representing North America’s state securities regulators took aim at arguments made by crypto exchange Coinbase in its defense against the SEC
Brazilian securities regulator plans sandbox for tokenization in 2024
9.10.2023
Daniel Maeda with Brazil's CVM said during Rio Innovation Week the regulator plans to explore a regulatory sandbox for use cases of tokenization potentially starting in 2024
Tesla CEO Elon Musk Predicts ‘Comprehensive Overhaul’ of SEC With 100% Probability
8.10.2023
Billionaire Elon Musk has called for a “comprehensive overhaul” of regulatory agencies, which includes the U.S. Securities and Exchange Commission (SEC). The Tesla and Spacex CEO added that there needs to be a commission to take punitive action against individuals who abuse their regulatory power...
Investment Manager Expects SEC to Approve All Bitcoin ETF Applications in 3-6 Months
7.10.2023
Steven Schoenfeld, former head of International Equity Product Strategy at Barclays Global Investors (now Blackrock), expects the U.S. Securities and Exchange Commission (SEC) to approve all spot bitcoin exchange-traded fund (ETF) applications in three to six months. He also anticipates that...
EU’s Securities Regulator Publishes Consultation Paper Ahead of MiCA
6.10.2023
The European Union financial markets regulator, the European Securities and Markets Authority (ESMA) has released a second consultation paper on the Markets in Crypto Asset (MiCA) regulation.
The document released on Oct. 5 calls for stakeholders' participation in various sectors of the crypto...
SEC Sues Musk to Make Him Testify in Twitter Takeover Investigation
6.10.2023
U.S. Securities and Exchange Commission (SEC) is trying to force Elon Musk to testify in its probe into his purchase of Twitter, now X. After some back and forth, the billionaire investor bought the social media platform for $44 billion in October 2022 and the SEC’s probe is focused on Twitter...
Texas Securities Board Targets Fraud Crypto Project Touting Ties With Russian Government
6.10.2023
The Texas State Securities Board has stopped a decentralized lending pool from sales of securities, after the firm touted its ties with the Russian government.
Travis J. Iles, the securities Commissioner of the Lone Star State, has written an emergency cease and desist notice to immediately stop...
Elon Musk hits at SEC, DOJ amid suit to force testimony in Twitter probe
6.10.2023
Elon Musk claims the SEC and DOJ are abusing their regulatory powers for personal and political gain to receive punitive action
Hong Kong Police and Securities Regulator Form Unit to Monitor Crypto Exchanges
5.10.2023
Law enforcement officials and financial regulators in Hong Kong have teamed up to better identify illegal activities on cryptocurrency exchanges. The initiative, which comes in the wake of the crackdown on the JPEX exchange, seeks to improve coordination between the government agencies in similar...
Hong Kong police, regulator form crypto task force as JPEX saga unfolds
5.10.2023
The joint group was established in light of the ongoing crypto scandal in Hong Kong involving the JPEX crypto exchange
SEC Seeks Rejection of Coinbase’s Pushback Against Its Lawsuit
5.10.2023
The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase’s attempt to have the regulator’s lawsuit against it dismissed. The exchange had alleged that the agency overstepped its authority and abused its discretion in claiming that digital assets offered on the trading...