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Coinbase Chief Legal Officer Pushes Back Against US SEC Crypto Custody Rule Proposal
9.5.2023
Coinbase’s chief legal officer called a newly proposed US rule tightening cryptocurrency custody requirements “misguided” and said some parts need to be changed.
The Securities and Exchange Commission rule was proposed in February and would require registered investment advisers to keep crypto...
Coinbase International Exchange launches amid SEC crypto crackdown in the US
2.5.2023
The Coinbase International Exchange will roll out trading by listing Bitcoin and Ether perpetual futures
SEC's Gary Gensler takes another swipe at crypto in educational video
28.4.2023
The SEC boss reiterated that “the law is clear” on cryptocurrencies being securities, while others highlighted the lack of regulatory clarity in the U.S
Coinbase Files Legal Action Against SEC Over Lack of Regulatory Clarity
25.4.2023
On April 24, 2023, Coinbase announced that it had filed an action in federal court requesting the U.S. Securities and Exchange Commission (SEC) to respond to their petition. The petition, submitted in July 2022, requested the commission to propose and adopt rules governing the regulation of digital...
U.S. SEC Poised to Move Toward DeFi Oversight As It Reopens Proposed Regulations
14.4.2023
The U.S. Securities and Exchange Commission is considering reopening a rule proposal on how it oversees crypto platforms to more explicitly include decentralized finance (DeFi). Commissioners will vote on the language during an open meeting on Friday
Committee Advises SEC to ‘Aggressively Assert Authority’ Over Crypto — Says Virtually All Crypto Tokens Are Securities
11.4.2023
The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if not all, crypto tokens are securities,”...
SEC Takes Action Against Crypto Trading Platform Beaxy and Its Executives
31.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto trading platform Beaxy and its executives. Additionally, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated...
Gary Gensler: SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry
31.3.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with...
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme
7.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make...
Binance's Efforts to Woo SEC Chairman Gensler for US Regulatory Relations Uncovered – Here's What Happened
6.3.2023
Binance approached US Securities and Exchange Commission chairman Gary Gensler in 2018 and 2019 to become an advisor for the firm. That’s according to a new bombshell report published by the Wall Street Journal on Sunday, which claims that Binance embarked on a campaign to “neutralize”...
Ripple CEO Warns of Harm to Crypto Industry if SEC Wins Lawsuit Over XRP
6.3.2023
The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way...
SEC Chairman Explains Why He Views All Crypto Tokens Other Than Bitcoin as Securities
28.2.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has detailed why he considers all crypto tokens other than bitcoin as securities. While acknowledging that crypto tokens may have different setups, he stressed that “at the core, these tokens are securities.”...
Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
16.2.2023
Tether's USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’
16.2.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they...
SEC to Make it Harder for Hedge Funds to Work With Crypto Firms: Bloomberg
14.2.2023
The rule change would make it harder for crypto firms to become "qualified custodians," according to the report
SEC's crypto staking crackdown has uncertain consequences for DeFi: Lido Finance
13.2.2023
A Lido DAO member raised concerns over what impact the SEC’s crackdowns on staking could mean for the future of DeFi in the U.S
Ethereum price risks 20% correction amid SEC's crackdown on crypto staking
10.2.2023
Ethereum may experience a drop in user activity alongside ETH price with crypto staking in the crosshairs of the SEC
Ethereum co-founder Joe Lubin says no chance ETH is classed as security
9.2.2023
The ConsenSys founder and Ethereum co-founder said it’s as unlikely as ride-sharing service Uber becoming illegal
US Senator Focused on Crypto Money Laundering Crackdown — Urges Congress, Regulators to Take Action
30.1.2023
U.S. Senator Elizabeth Warren has called on Congress to ensure regulators, such as the Securities and Exchange Commission (SEC), have the tools to regulate the crypto industry effectively and crack down on crypto money laundering activities. “The current legal structure essentially holds up...
SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto
28.1.2023
A commissioner with the U.S. Securities and Exchange Commission (SEC) has called for “a coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current enforcement-centric approach would take 400 years to...