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Philippines SEC says Gemini Derivatives is unregistered securities product
22.5.2023
Gemini Derivatives is available on the exchange’s new Foundation platform, but those selling or promoting it in the Philippines face fines and long imprisonment
Huobi Global ordered to halt operations in Malaysia
22.5.2023
Securities Commission Malaysia has ordered Huobi Global to stop all activity after failing to register to operate in the country
SEC, Ripple Seeking One-Week Extension on Unsealing Hinman Documents
20.5.2023
The US Securities and Exchange Commission and Ripple have requested a one-week extension on unsealing the internal deliberations following a speech by former director William Hinman.
On Friday, both the SEC and Ripple reportedly filed a request seeking to extend the deadline for the filing...
Ripple vs. SEC: Could newly released documents tip the balance?
20.5.2023
The court case between SEC and Ripple Labs has been ongoing for nearly two and a half years, but a summary judgment ruling could be made any day
Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield
19.5.2023
The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital
Binance Halts Deposits and Possibly Withdrawals for Aussie Users After Being Cut Off by Australian Payment Service Provider
19.5.2023
Binance Australia said on May 18 that it is “unable to facilitate PayID AUD deposits for Binance users” due to a third-party payment service provider’s decision to discontinue support for the crypto exchange. Binance Australia said while it works to find an alternative, users...
US Lawmakers Reintroduce Securities Clarity Act Which Coins New Term
19.5.2023
US lawmakers introduced a bill on Thursday that aims to clarify how digital assets are labeled, in part through a new term coined an “investment contract asset.”
Reps. Tom Emmer, R-Minn., and Darren Soto, D-Fla., reintroduced the Securities Clarity Act, with backing from crypto advocacy groups...
Regulatory Battle: Grayscale Challenged by SEC’s Designation of Filecoin as Security
18.5.2023
Grayscale Investments, the largest digital currency asset manager by assets under management, made an announcement on May 17 regarding a comment received from the U.S. Securities and Exchange Commission (SEC). According to the SEC, the crypto asset filecoin qualifies as a security under federal...
SEC warns Filecoin 'meets definition of a security' — Grayscale
18.5.2023
The regulator has asked Grayscale to withdraw its application for a Filecoin Trust product, saying its underlying asset "meets the definition of a security."
US SEC Says Filecoin Is a Security in Comment Letter to Grayscale
17.5.2023
The US Securities and Exchange Commission determined that Filecoin is a security, according to a statement released by asset manager Grayscale Investments.
In a press release sent on Wednesday afternoon, the digital currency asset manager said it had received a comment letter from SEC staff...
Filecoin Price Drops After SEC Asks Grayscale to Withdraw FIL Trust Application
17.5.2023
The U.S. Securities and Exchange Commission (SEC) asked Grayscale to withdraw its application to launch a Filecoin Trust product, the company revealed Wednesday
Citadel Securities Suing Two Former Employees After They Left To Form a Crypto Firm
17.5.2023
Citadel Securities is suing two former employees after they left to form a cryptocurrency market-making firm.
One of the world’s largest market makers claims that Leonard Lancia and Alex Casimo started raising capital and building the trading firm Portofino Technologies, while still working...
DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says
17.5.2023
The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency
SEC Can't Seal Docs Tied to Hinman's Ether Speech, Judge in Ripple Suit Rules
17.5.2023
The SEC and Ripple have sparred for months over a set of documents related to Bill Hinman's 2018 speech on securities law and ether
SEC to Judge: Deny Coinbase's Call for Cryptocurrency Rule Explanation
16.5.2023
The US Securities and Exchange Commission has asked a judge to reject Coinbase’s request to compel the commission to respond to a rule-making petition that asked for clearer crypto regulation guidelines.
In a court filing Monday, the SEC said it is not mandated to meet the requirements outlined...
SEC Chair Gensler Argues That Rules Already Exist To Regulate Crypto in Light of Coinbase Pushback
15.5.2023
US Securities and Exchange Commission’s Chair Gary Gensler pushed back against Coinbase’s call to have the agency propose and adopt rules for digital assets.
Gensler was asked on Monday during Atlanta Fed's 2023 Financial Markets Conference to comment on the dispute with Coinbase why the...
SEC Seeks to Slash $22M Fine on Crypto Firm LBRY to $111K
15.5.2023
A U.S. judge ruled in November that the crypto startup had violated securities laws by selling its native LBC token without registering with the SEC
LBRY's $22 Million SEC Fine Reduced to $111K Due to Payment Concerns – What's Going On?
15.5.2023
The US Securities and Exchange Commission (SEC) aims to reduce its $22 million punishment against decentralized content platform LBRY to around $111,000.
The commission submitted a request for amendments to the New Hampshire District Court on Friday, claiming that the platform is not likely to...
SEC revises $22M punishment against LBRY, seeks $111K instead
15.5.2023
The SEC originally wanted LBRY to pay millions of dollars in penalties, but now concedes the defunct firm can’t pay up that amount
Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation
13.5.2023
Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee...