Digital asset management firm Grayscale has achieved a significant legal victory over the United States Securities and Exchange Commission (SEC) in its pursuit to transform its Grayscale Bitcoin Trust (GBTC) into a publicly traded Bitcoin exchange-traded fund (ETF). The SEC had previously rejected Grayscale's application in June 2022, citing concerns ...
Coinbase is currently facing legal action from the United States Securities and Exchange Commission (SEC) over its failure to register as a broker. However, before the SEC took legal action, the regulatory body instructed Coinbase to remove all cryptocurrencies from its platform, with the exception of Bitcoin. Brian Armstrong, the ...
Stuart Alderoty, the Chief Legal Officer of Ripple, has firmly dismissed concerns over a potential appeal by the U.S. Securities and Exchange Commission (SEC) in the wake of a recent groundbreaking decision in favor of Ripple Labs. The judgement came on July 13, 2023, when Judge Analisa Torres ruled that ...
Caroline Pham, a commissioner of the Commodities Futures Trading Commission (CFTC), has said that the recent legal victory of Ripple against the U.S. Securities and Exchange Commission (SEC) would pave the way for regulatory clarity in the U.S. cryptocurrency industry. In an interview with Bloomberg TV on July 17, 2023, ...
Former Celsius Network CEO Alex Mashinsky has been released on a $40 million personal recognizance bond after being arrested on fraud charges. Mashinsky was arrested on July 13, 2023, by the U.S. Department of Justice over seven criminal charges against him, including securities fraud, wire fraud, commodities fraud, and price ...
Rodrigo Seira, special counsel for Paradigm, a crypto investment firm, has accused the U.S. Securities Exchange Commission (SEC) of overreaching its jurisdiction by attempting to regulate secondary crypto markets. Seira expressed his views in a series of tweets on July 11, 2023, in relation to Paradigm's amicus brief filing on ...
Thailand's Securities and Exchange Commission (SEC) has recently introduced updated regulations aimed at enhancing investor protection in the digital asset industry. These updated regulations focus on ensuring that investors are aware of the potential risks associated with trading cryptocurrencies. According to these updated rules, digital asset service providers must provide ...
Vitalik Buterin, the co-founder of Ethereum, has publicly expressed his support for blockchain initiatives such as Solana, which have recently come under scrutiny from the U.S. Securities Exchange Commission (SEC) in its enforcement actions against cryptocurrency exchanges. During a Twitter Q&A session with Buterin, Matt Huang, the co-founder of Paradigm, ...
If you're reading this, chances are you're familiar with, own, invest in, or actively trade cryptocurrencies. Now, if you fall into any of the last three categories and are asked to participate in a survey asking about the real-life uses and economic classification of the tokens you're holding, how well ...
On June 21, 2023, WisdomTree, a New York-based asset management fund, filed another application for approval from the United States Securities and Exchange Commission (SEC) to list its "WisdomTree Bitcoin Trust" on the Cboe BZX Exchange. The company's new application for a spot Bitcoin exchange-traded fund (ETF) is part of ...
