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Portugal Temporarily Bans Worldcoin’s Biometric Data Collection for 90 Days
26.3.2024
The National Data Protection Commission (CNPD) of Portugal has taken decisive action by issuing a statement temporarily restricting Worldcoin's biometric data collection through its Orb devices within the country.
The post Portugal Temporarily Bans Worldcoin’s Biometric Data Collection for...
House Republicans Demand SEC Explain What's Up With Crypto Platform Prometheum
26.3.2024
As Prometheum Inc. nears an unprecedented moment in U.S. crypto history by beginning a custody operation that intends to hold customers' Ethereum tokens {{ETH}}, the industry's friends in Congress are demanding the Securities and Exchange Commission (SEC) explain what it means to do about this...
SEC Seeks $1.95B Fine in Final Judgment Against Ripple
26.3.2024
The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a nearly $2 billion judgment against Ripple Labs, according to court filings
What Happens if the SEC Brands ETH a Security?
26.3.2024
The status of Ethereum is in limbo – currently Eth is not considered a security by the U.S. Securities and Exchange Commission (SEC) -- but this could all change very quickly.
The post What Happens if the SEC Brands ETH a Security? appeared first on Cryptonews
EU Launches Probe into Tech Giants Apple, Google, Meta, and Amazon Over Digital Markets Act Violations
25.3.2024
The European Commission has begun an extensive investigation targeted at Apple, Amazon, Alphabet, and Meta over non-compliance practices under the new Digital Markets Act (DMA). The notice of the inquiry was disclosed by the commission on March 25, and it represents the EU’s first major attempt...
Binance Faces Regulatory Hurdles as Philippines SEC’s Ban on Binance Takes Effect
25.3.2024
The Philippines SEC's Ban on Binance prohibits local access to the exchange's website and applications. This decision stems from Binance's alleged unlicensed operations and offering of investment opportunities to Filipinos.
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Trial Against Terraform Labs And Do Kwon Begins In NYC Following Prison Release
25.3.2024
The United States Securities and Exchange Commission’s (SEC) trial against Terraform Labs founder Do Kwon is set to begin in New York on Monday. As jury selection gets underway, the trial formally marks the beginning of the United States' quest for justice against Kwon following the collapse...
Hong Kong Regulator Issues Alert Against Suspicious Crypto Platform HKCEXP
25.3.2024
The Securities and Futures Commission of Hong Kong (SFC) has issued a warning regarding HKCEXP, an allegedly suspicious trading platform claiming to be registered with the regulator.
The post Hong Kong Regulator Issues Alert Against Suspicious Crypto Platform HKCEXP appeared first on Cryptonews
Crypto Markets Require Transparency, Says SEC Chair Gary Gensler
23.3.2024
The US Securities and Exchange Commission (SEC) Chair Gary Gensler has criticized crypto industry participants for avoiding registration requirements with the regulator.
The post Crypto Markets Require Transparency, Says SEC Chair Gary Gensler appeared first on Cryptonews
SEC's Gensler Says Crypto Firms Skip Public Disclosures by Dodging Registration
22.3.2024
U.S. Securities and Exchange Commission Chairman Gary Gensler used a speech on the "public good" of securities disclosures on Friday to point specifically at the crypto industry as a problem area
U.S. SEC Asking for More Millions, Dozens of Lawyers to Beef Up Crypto Oversight
22.3.2024
Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with "new and emerging issues," according to the regulator's annual budget pitch. Much of that office's recent, emerging workload has come from the agency's pursuit...
SEC Probing Crypto Firms to Classify Ethereum as a Security: Fortune Reports
20.3.2024
The United States Securities and Exchange Commission (SEC) has reportedly served a number of key businesses in the crypto industry with subpoenas in relation to obtaining records about the Ethereum Foundation, a new report reveals. According to Fortune, SEC Chair Gary Gensler is leading the agency...
Ripple And SEC File Sealing Proposal In Forthcoming Remedies Brief
20.3.2024
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) agreed on March 19 to seal a proposal to address concerns about an upcoming remedies-related brief in their ongoing legal dispute. The proposal was submitted to the U.S. District Court for the Southern District of New York. It aimed...
Genesis Agrees to Pay $21M Fine to Settle SEC Crypto Lending Charges
19.3.2024
Bankrupt cryptocurrency lender Genesis Global Capital has agreed to pay a $21 million fine as part of a final court judgement to settle charges with the U.S. Securities and Exchange Commission (SEC). In an official ruling released on March 19, the SEC highlighted the reason for the penalty...
SEC Requests $158 Million Increase to Tackle Crypto Market Challenges in 2025 Budget Proposal
19.3.2024
The U.S. Securities and Exchange Commission is seeking an additional $158 million for its 2025 budget to address the growing complexities in financial markets, particularly the challenges stemming from the crypto sector.
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Nonprofit Focused On “Corporate Wrongdoing” Empower Oversight Launches Lawsuit Against SEC Amidst Reports of Conflicts of Interests
19.3.2024
Empower Oversight filed a lawsuit against the United States Securities and Exchange Commission (SEC) on Friday, claiming the federal agency failed to comply with their Freedom of Information Act (FOIA) request regarding cryptocurrency conflict of interests at the agency.
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Coinbase's Allies Join Crypto Firm's Case Against SEC
19.3.2024
Several allies joined Coinbase Inc. (COIN) in its court fight against the U.S. Securities and Exchange Commission (SEC) to force the agency to rethink its refusal to write specific rules to govern the crypto industry, with Paradigm, the Crypto Council for Innovation and others filing outside...
Binance Receives Court Order to Release Nigerian Traders’ Data
19.3.2024
A Nigerian court ordered Binance to furnish detailed information regarding all Nigerian traders on its platform to the Economic and Financial Crimes Commission (EFCC).
The post Binance Receives Court Order to Release Nigerian Traders’ Data appeared first on Cryptonews
Grayscale Investments Submits Revised Application for Spot Ethereum ETF
19.3.2024
Grayscale Investments’ Chief Legal Officer announced that the firm has submitted a revised Form 19b-4 for spot Ether exchange-traded funds. The officer, Craig Salm, stated that investors are seeking access to ethereum via a spot Ethereum ETF. Listing on the NYSE Grayscale Investments,...
Crypto Council Files New Amicus Brief Supporting Coinbase’s Legal Battle With SEC
19.3.2024
The Crypto Council for Innovation (CCI) has filed an amicus brief on March 18 in support of Coinbase challenging the Securities and Exchange Commission (SEC) denial of its rulemaking petition.
The post Crypto Council Files New Amicus Brief Supporting Coinbase’s Legal Battle With SEC appeared...