The United States Securities and Exchange Commission (SEC) has postponed its decision on whether to approve or disapprove a spot Ethereum exchange-traded fund (ETF) offered by Grayscale, an asset manager. The SEC stated that it needs more time to consider the proposed rule change and the issues raised. As a result, the commission has designated […]
The U.S. Securities and Exchange Commission (SEC) has submitted a letter to Judge Jed Rakoff in the ongoing case against Terraform Labs, arguing that the crypto assets in question should be classified as securities. The SEC proposes that the court, rather than a jury, determine whether the tokens are securities. The SEC cites the Howey […]
The U.S. Securities and Exchange Commission (SEC) has submitted a letter to Judge Jed Rakoff in the ongoing case against Terraform Labs, arguing that the crypto assets in question should be classified as securities. The SEC proposes that the court, rather than a jury, determine whether the tokens are securities. The SEC cites the Howey […]
A senior U.S. regulator has suggested that the recent $4.3 billion settlement with Binance could mark a turning point in the regulation of cryptocurrency firms. The settlement, which was for violating anti-money laundering and sanctions laws, may serve as a model for the industry. CFTC Commissioner Kristin Johnson expressed her hope that this case would […]
A senior U.S. regulator has suggested that the recent $4.3 billion settlement with Binance could mark a turning point in the regulation of cryptocurrency firms. The settlement, which was for violating anti-money laundering and sanctions laws, may serve as a model for the industry. CFTC Commissioner Kristin Johnson expressed her hope that this case would […]
Lawyers representing the United States Securities and Exchange Commission (SEC) have requested a judge to determine whether certain crypto assets should be classified as securities in a civil case against Terraform Labs and co-founder Do Kwon. The SEC argues that this is a legal question for the court to decide, rather than a factual question […]
Lawyers representing the United States Securities and Exchange Commission (SEC) have requested a judge to determine whether certain crypto assets should be classified as securities in a civil case against Terraform Labs and co-founder Do Kwon. The SEC argues that this is a legal question for the court to decide, rather than a factual question […]
In a recent development, Sam Bankman-Fried, the co-founder and former chairman of FTX, has decided not to file post-trial appeals, indicating that his legal team may be preparing an appeal. Bankman-Fried, also known as SBF, was convicted on seven federal fraud charges on November 2. His attorneys have submitted a letter to the judge, stating […]
In a recent development, Sam Bankman-Fried, the co-founder and former chairman of FTX, has decided not to file post-trial appeals, indicating that his legal team may be preparing an appeal. Bankman-Fried, also known as SBF, was convicted on seven federal fraud charges on November 2. His attorneys have submitted a letter to the judge, stating […]
Bitwise and BlackRock, two major asset managers, have submitted updated filings to securities regulators for their spot Bitcoin exchange-traded fund (ETF) proposals. This comes as at least ten asset managers are looking to offer a spot Bitcoin ETF. The filings address concerns raised in recent discussions between the SEC and ETF applicants. Bloomberg ETF analyst […]
