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Regulation

cryptocurrency September 26, 2024

Key Takeaways Gensler calls for updated exchange rules to cover evolving digital asset platforms. Crypto industry fears SEC’s proposal may burden DeFi platforms with compliance. Share this article Advertisements Advertisements In his address today at the US Treasury Market Conference, SEC Chair Gary Gensler reiterated the importance of regulatory changes to the definition of “exchange” […]

cryptocurrency August 19, 2024

Key Takeaways US agencies aim to treat cryptocurrencies as traditional money for reporting purposes. Final rulemaking on crypto as money expected by September 2025. Share this article Advertisements Advertisements Advertisements Several top US federal agencies are collaborating to revise the definition of “money” to strengthen reporting requirements for financial institutions handling domestic and cross-border cryptocurrency […]

cryptocurrency August 13, 2024

Key Takeaways Coinbase’s legal officer criticizes the SEC’s approach to regulating decentralized exchanges. The SEC’s rule could force DEXs to adhere to traditional exchange regulations. Share this article Advertisements Advertisements Advertisements Coinbase has submitted a strongly worded comment letter to the SEC, urging the agency to withdraw its proposal to expand the definition of “exchange” […]

cryptocurrency July 30, 2024

Key Takeaways SEC plans to redefine crypto securities in Binance lawsuit. Due to the impending amendment, the court will postpone its decision on the sufficiency of the original allegations regarding these securities. Share this article Advertisements URL Copied Advertisements The US Securities and Exchange Commission (SEC) is seeking to amend its complaint against Binance Holdings, […]

cryptocurrency June 29, 2024

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Ethereum software provider Consensys. The lawsuit alleges that its MetaMask service operated as an unregistered securities broker. Advertisements The lawsuit, filed in the US courthouse in the Eastern District of New York, also targets Ethereum staking services Lido and Rocket Pool. SEC Targets […]

cryptocurrency June 13, 2024

US Securities and Exchange Commission (SEC) Chair Gary Gensler announced that spot Ethereum exchange-traded funds (ETFs) will likely launch this summer. Advertisements He made this statement during a budget hearing with the Senate Appropriations Committee on Thursday, June 13. Ethereum ETFs Almost Ready to Trade Gensler highlighted that the final approval process for these ETFs […]

cryptocurrency May 23, 2024

A group of bipartisan lawmakers is urging the US Securities and Exchange Commission (SEC) to approve spot Ethereum exchange-traded funds (ETFs). Advertisements House Majority Whip Tom Emmer, along with Representatives French Hill, Josh Gottheimer, Mike Flood, and Wiley Nickel, leads this appeal. Lawmakers Push for Ethereum ETF Approval The lawmakers urge the SEC to apply […]

cryptocurrency May 10, 2024

The journey toward approving Ethereum (ETH) exchange-traded funds (ETFs) faces considerable hurdles despite its promise for the crypto market. Advertisements The US Securities and Exchange Commission (SEC) has shown a cautious approach, mirroring Bitcoin ETFs’ pathway before their eventual approval. Bundeep Singh Rangar, Founder and CEO of Fineqia, in an interview with BeInCrypto, highlighted the […]

cryptocurrency May 1, 2024

US Congressman Patrick McHenry accused Securities and Exchange Commission (SEC) Chair Gary Gensler of misleading Congress about Ethereum’s regulatory status. Advertisements The accusation follows a federal judge’s recent sanctions against SEC lawyers for dishonest court dealings, hinting at a troubling pattern within the agency. Did Gary Gensler Mislead Congress on Ethereum? During a session with […]