The US Securities and Exchange Commission (SEC) appears determined to maintain its position on a rule limiting crypto custody services for regulated financial firms. In an X post on September 10, 2024, ETF Store President Nate Geraci stated that the SEC "appears to be firmly committed" to SAB 121. "They ...
Nigeria's Securities and Exchange Commission (SEC) is reportedly preparing to initiate enforcement measures against businesses and individuals participating in unregulated cryptocurrency transactions. Emomotimi Agama, Director-General of the agency, announced that it would soon take action against entities offering cryptocurrency services without proper regulation, according to a report by the local ...
Nigeria's Securities and Exchange Commission (SEC) has officially granted operational approvals to several crypto-focused service operators. In a statement published on Thursday, August 29, the securities regulator announced that it has issued "Approvals-in-Principle" to seven firms: Busha Digital Limited, Quidax Technologies Limited, Trovotech Ltd, Wrapped CBDC Ltd, HousingExhange.NG Ltd, Dream ...
Ripple's CEO, Brad Garlinghouse, has described the verdict in the legal battle between his company and the U.S. Securities and Exchange Commission (SEC) as a win for both the company and the U.S. crypto industry. "This is a victory for Ripple, the industry, and the rule of law," Garlinghouse wrote ...
The United States Securities and Exchange Commission (SEC) has withdrawn its request for a court to rule on whether certain tokens, mentioned in its lawsuit against Binance, should be classified as securities. In a filing submitted on July 30, the SEC responded to the court's minute order by seeking to ...
Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the newly appointed board members of the Securities and Exchange Commission (SEC) to address the complexities of cryptocurrency regulation in the country. According to a report from local media, Punch, Edun emphasized the importance of ...
The launch of U.S.-based spot Ether exchange-traded funds (ETFs) for public trading appears to be on the horizon, though the exact timing remains uncertain, according to Katherine Dowling, chief compliance officer at Bitwise. In a July 9 interview with Bloomberg, Dowling noted that the back-and-forth between issuers and the SEC ...
The Blockchain Association, a U.S.-based crypto advocacy group, has lauded recent comments by SEC Commissioner Mark Uyeda, praising his "nuanced, innovation-forward approach" as essential for the cryptocurrency industry. This commendation comes in response to Uyeda's critique of the SEC's current approach to crypto disclosure rules, which he described as "problematic." ...
Binance.US has stated that it is "prepared" for a prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) following a U.S. federal judge's decision to uphold most charges against the exchange on Friday, June 28, 2024. The American arm of the global cryptocurrency exchange Binance recently released a ...
The launch of the first spot Ether exchange-traded funds (ETFs) in the United States is progressing smoothly, with Securities and Exchange Commission (SEC) Chair Gary Gensler providing updates on the development at a Bloomberg conference on June 25. He underscored the importance of transparency and full disclosure in the ETF ...
