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Assetera Partners with Polygon to Launch Europe’s First Regulated Marketplace for Tokenized Real-World Assets

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Assetera, a blockchain-based investment and trading firm, has announced a groundbreaking partnership with Polygon to establish Europe’s first regulated marketplace dedicated to tokenized real-world assets (RWAs). This innovative platform aims to facilitate the trading of tokenized securities, funds, and money market instruments within a secure and efficient digital environment. Utilizing Polygon’s Ethereum scaling network, Assetera … Read more

SEC Charges TrueCoin and TrustToken Over Risky Investments in TrueUSD Reserves

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The U.S. Securities and Exchange Commission (SEC) has taken action against TrueCoin LLC and TrustToken Inc., the creators of the TrueUSD (TUSD) stablecoin, revealing that nearly all of TUSD’s reserves were invested in a high-risk offshore fund. This discovery has led to charges of fraudulent and unregistered sales of investment contracts, which both companies have … Read more

XRP Lawsuit Nears Conclusion as Ripple Prepares for Major Developments

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The long-awaited conclusion of the XRP lawsuit is finally within reach, marking a significant milestone for Ripple and the broader cryptocurrency community. As the case approaches its finale, several exciting developments loom on the horizon, including potential new stablecoins, discussions surrounding an ETF, and Ripple’s upcoming Swell event, where new tokenization projects are expected to … Read more

Visa Faces Federal Lawsuit Over Alleged Monopolistic Practices

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On September 24, a federal lawsuit was filed against Visa, alleging that the company engages in anti-competitive practices to maintain its dominance in the U.S. debit transaction market. With a reported control of approximately 60% of this market, Visa generates around $7 billion annually in transaction fees. U.S. Attorney General Merrick Garland stated that Visa’s … Read more

BNY Mellon Receives SEC Exemption for Bitcoin ETF Service: A Game Changer for Crypto Custody

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In a significant development for traditional financial institutions, the U.S. Securities and Exchange Commission (SEC) has determined that BNY Mellon’s Bitcoin ETF service qualifies for an exemption under Staff Accounting Bulletin 121. This exemption means that the bank will not have to count customer crypto holdings as corporate liabilities, a major breakthrough for institutions venturing … Read more

SEC Delays Decision on Ethereum Options Trading for ETFs

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The U.S. Securities and Exchange Commission (SEC) has postponed its decision on proposed rule changes that would permit options trading for spot Ethereum exchange-traded funds (ETFs). In a recent filing, the agency extended the deadline for Nasdaq ISE’s proposal regarding the BlackRock iShares Ethereum Trust (ETHA) to November 10, while the NYSE American LLC’s proposals … Read more

The European Union Leads with Comprehensive Crypto Regulation: MiCA Implementation

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The European Union has taken a pioneering step in the global cryptocurrency landscape by introducing a comprehensive regulatory framework through the Markets in Crypto-Assets Regulation (MiCA). Effective since June 2023, MiCA aims to provide a structured approach for both developers and investors across the EU’s 27 member states, each working to implement the regulations tailored … Read more

Anticipation Builds as SEC Appeal Deadline Approaches for XRP

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As the October 7 deadline looms, the cryptocurrency community is buzzing with speculation regarding the SEC’s potential appeal in the ongoing Ripple case. This case centers around whether XRP is classified as an unregistered security, and the uncertainty surrounding it has caused notable fluctuations in XRP’s value. Experts Weigh in on SEC Appeal Odds Crypto … Read more

SEC Wins Legal Battle Against Green United LLC in Crypto Fraud Case

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Green United LLC has lost its bid to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), which accuses the company and its executives of orchestrating a fraudulent cryptocurrency mining scheme that allegedly defrauded investors of approximately $18 million. Defendants Wright Thurston and Kristoffer Krohn, who operated the firm, faced allegations of … Read more

SEC Faces Scrutiny in Third Circuit Court Over Crypto Regulations

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In a significant development, the SEC found itself under intense questioning during a recent hearing in the Third Circuit Court of Appeals, where Coinbase took the opportunity to press the agency for clearer cryptocurrency regulations. Paul Grewal, Coinbase’s Chief Legal Officer, highlighted the exchange’s frustrations with the SEC’s consistent refusal to establish definitive rules governing … Read more

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