Regulatory Developments 83 | MachinaTrader.com

European Commission Official Advocates for Strong Crypto Regulation Following FTX Collapse and Binance Settlement

The collapse of FTX and Binance’s recent $4.3 billion settlement with U.S. authorities have highlighted the need for robust regulation in the cryptocurrency market, according to Ivan Keller, a policy officer for the European Commission. Speaking at the MoneyLIVE conference in Amsterdam, Keller emphasized the importance of the European Union’s markets in crypto-assets (MiCA) legislation […]

Grayscale and BlackRock Engage in Critical Discussions with SEC on Bitcoin ETF Approval

Grayscale and BlackRock, two major financial players, are engaged in discussions with the SEC regarding the approval of a Bitcoin ETF. These discussions focus on the choice between the in-kind and cash redemption models for the proposed ETF. BlackRock prefers the in-kind model, which offers a smoother operational framework. Grayscale’s ongoing discussions with the SEC […]

Binance’s $4.3 Billion Settlement Paves the Way for Spot Bitcoin ETF Approvals

Binance, one of the largest cryptocurrency exchanges, has reached a $4.3 billion settlement with the United States. This settlement is seen as a significant step towards the approval of spot Bitcoin exchange-traded funds (ETFs) by the country’s securities regulator. As part of the settlement, Binance has agreed to comply with Anti-Money Laundering and sanctions rules […]

Grayscale Updates Bitcoin ETF Prospectus, Nearing SEC Approval

Grayscale has submitted an updated filing for its Bitcoin ETF to the SEC, potentially bringing it closer to approval. The filing is an amended S-3 prospectus, indicating that Grayscale has made changes to their offering documents based on feedback from the SEC. Bloomberg ETF analyst James Seyffart noted that while there were not significant changes, […]

Binance Pleads Guilty to Money Laundering Charges, CEO Resigns in Settlement

Binance, one of the largest cryptocurrency exchanges, has recently pleaded guilty to violating US money laundering laws. The US Department of Treasury has accused the exchange of negligence in reporting illicit transactions that took place on its platform. As a result, Binance has agreed to settle charges amounting to $4.3 billion.The charges against Binance include […]

Grayscale Makes Progress in Pursuit of Bitcoin ETF with SEC Discussions and BNY Mellon Agreement

Grayscale Investments is making progress in its efforts to convert its Grayscale Bitcoin Trust into a spot bitcoin exchange-traded fund (ETF). The company recently met with the Securities and Exchange Commission (SEC) to discuss NYSE Arca’s proposed rule change regarding the listing and trading of shares of the Grayscale Bitcoin Trust. The SEC memo revealed […]

Coinbase CEO Champions Regulatory Compliance Amid Binance Woes, Calls for Clearer U.S. Regulations

Coinbase CEO Brian Armstrong has emphasized the importance of regulatory compliance in the wake of Binance’s recent troubles. In a statement on social media, Armstrong highlighted Coinbase’s commitment to compliance since its inception in 2012, stating that it was necessary to establish trust with customers and adhere to regulations. He noted that Binance’s issues validate […]

Binance CEO Resigns and Delists Major Coins in Response to SEC Settlement

Binance, the world’s largest cryptocurrency exchange, is undergoing significant changes following a settlement with the US Securities and Exchange Commission (SEC). As part of the settlement, Binance CEO Changpeng Zhao has resigned and pleaded guilty to charges related to violating the Bank Secrecy Act. The penalty for these charges amounts to a staggering $4.3 billion, […]

Binance’s $4 Billion Settlement Triggers Massive Crypto Market Losses

The recent events involving Binance, a popular cryptocurrency exchange, and U.S. federal agencies have had a significant impact on the crypto market. Binance has agreed to a $4 billion settlement with the authorities after violating finance-related laws. As a result, the market saw a decline in total market cap, with over $200 million being wiped […]

Binance CEO Resigns and Delists Major Coins in Response to SEC Settlement

Binance, the world’s largest cryptocurrency exchange, is taking significant steps in response to a groundbreaking settlement with the US Securities and Exchange Commission (SEC). The exchange has announced the delisting of 10 major trading pairs, including cryptocurrencies such as Aptos (APT), Axie Infinity (AXS), and Filecoin (FIL).In a surprising turn of events, Binance founder Changpeng […]