Government policy, laws and regulation shaping digital assets and the future of money.
Coinbase achieved a partial legal victory against the U.S. Securities and Exchange Commission (SEC), potentially gaining access to crucial documents that could shed light on the agency’s classification of digital tokens as securities. This development is part of Coinbase’s ongoing legal battle with the SEC, which has significant implications for both the exchange and the … Read more
WisdomTree, a prominent asset management firm, has officially withdrawn its filing for the WisdomTree Ethereum Trust, which was initially registered on May 27, 2021. The withdrawal indicates that no securities were issued or planned to be issued under this registration statement. WisdomTree acknowledged the loss of fees paid to the SEC for this filing but … Read more
Former President Donald Trump is venturing into the cryptocurrency space as he takes on the role of “chief crypto advocate” for World Liberty Financial (WLFI), a new project that has stirred interest and raised eyebrows in the crypto community. This move comes as Trump actively courts crypto voters in his current bid for office, promising … Read more
Ripple and its XRP community are experiencing a partial victory in their ongoing legal battle with the SEC, but the saga might not be over yet. With the deadline for the SEC to file an appeal approaching, speculation about further legal maneuvers is mounting. Here’s a closer look at the current state of affairs and … Read more
In a recent regulatory development, the U.S. Securities and Exchange Commission (SEC) has extended its decision on the NYSE Arca’s proposed 7RCC Spot Bitcoin and Carbon Credit Futures ETF to November 21, 2024. This extension marks the second delay for the ETF application, following an initial postponement in May 2024. The 7RCC Spot Bitcoin and … Read more
Ripple and its community are savoring a partial victory in their ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). However, the future remains uncertain as the deadline for the SEC to appeal approaches. Here’s an overview of the recent developments, Ripple’s position, and what might lie ahead for XRP. The Countdown to … Read more
Crypto exchange OKX has reached a significant milestone by obtaining a full license from Singapore’s Monetary Authority (MAS), solidifying its position in the digital asset market. Announced on September 2, the major payment institution (MPI) license allows OKX to facilitate crypto trading and cross-border money transfers in Singapore, marking a crucial step in the exchange’s … Read more
In the ongoing FTX bankruptcy proceedings, the road to creditor recovery is proving complex. Recent filings reveal that while several strategies are being considered to optimize returns for creditors, the U.S. Securities and Exchange Commission (SEC) has expressed significant reservations about these proposed methods. Exploring Recovery Options Among the options being evaluated to maximize creditor … Read more
In a recent development, the U.S. Securities and Exchange Commission (SEC) has resolved its investigation into Plutus Lending LLC, commonly known as Abra, for charges related to the unregistered sale of crypto asset securities through its Abra Earn program. The SEC also accused Abra of operating as an unregistered investment company. Background of the Case … Read more
Russia is poised to begin trials for crypto exchanges starting September 1, as part of a strategic move to mitigate the impact of international sanctions. According to Bloomberg, citing knowledgeable sources, these trials will focus on enabling conversions between rubles and cryptocurrencies through the National Payment Card System, which is regulated by the Bank of … Read more