Government policy, laws and regulation shaping digital assets and the future of money.
According to a research report by KBW on Monday, the issuance of a Wells Notice to Robinhood (HOOD) by the Securities and Exchange Commission (SEC) came as a surprise, considering the company’s cautious approach to digital asset offerings. KBW highlighted that Robinhood’s U.S. platform offers only fifteen cryptocurrencies, significantly fewer than some of its competitors, … Read more
CFTC Chairman Rostin Behnam has hinted at forthcoming enforcement measures in response to the rapid expansion of the cryptocurrency sector and the ambiguity surrounding U.S. regulations. Speaking at the Milken Institute Global Conference in Los Angeles, Behnam emphasized the significant growth and investment in the crypto market, anticipating an increase in regulatory actions over the … Read more
The United States Securities and Exchange Commission (SEC) has issued a Wells Notice to Robinhood, the popular trading platform. Following this announcement, Robinhood’s (HOOD) share price dropped by 2.5% in pre-market trading, reaching $17.95 as of 12:50 pm UTC on May 4, as per court filings. The Wells notice indicates the conclusion of the SEC’s … Read more
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues, with Ripple filing additional support for its motion to strike new expert materials and responding to the SEC’s opposition to this motion. After the SEC opposed Ripple’s request to strike the declaration by its witness, Andrea Fox, Ripple’s legal team filed … Read more
The securities regulator of the Philippines is poised to introduce a regulatory framework for cryptocurrency assets and trading by the latter part of 2024. According to SEC Chair Emilio Aquino, the plans to release this framework were disclosed last week, with the aim of implementing it by the second half of the year, as reported … Read more
Reports suggest that Nigeria, an economically significant country in West Africa, is poised to introduce a new prohibition concerning cryptocurrency. The proposed ban aims to prevent financial institutions from facilitating peer-to-peer (P2P) cryptocurrency transactions, following the classification of cryptocurrency trading as a national security concern by the Office of the National Security Adviser (NSA). Anonymous … Read more
A surge in the ongoing legal proceedings between the U.S. Investor interest in XRP was sparked this week by the Securities and Exchange Commission (SEC) and Ripple. The beleaguered altcoin showed significant volatility, making profits for three days in a row. According to TradingView statistics, XRP increased by 4.52% on Friday alone, rising from a … Read more
The review time for the introduction of the Bitcoin spot ETF (exchange-traded fund) by cryptocurrency asset management business 7RCC has been extended by the US Securities and Exchange Commission (SEC). SEC Extension of 7RCC’s Bitcoin Spot ETF Deadline The SEC stated in a notice sent on Thursday, May 2, 2024, that it will now determine … Read more
Leading cryptocurrency attorney Bill Morgan believes that Ripple’s “Motion to Strike” application in the ongoing case against the United States would be denied. Commission on Securities and Exchanges (SEC). This was brought up by Morgan in a recent post on X, where he stated that he thinks the judge will recognize Andrea Fox’s testimony as … Read more
Sam Altman of OpenAI co-founded the ambitious cryptocurrency project Worldcoin, which is now present in Latin America. The initiative signaled the company’s recent entry into Mexico while concurrently posing regulatory issues in Argentina. The divergent trends of Worldcoin throughout Latin America highlight the difficult balancing act between the necessity for strong data privacy regulations and … Read more