SEC

SEC faces lawsuit challenging its crypto airdrop rules, seeking clearer industry guidelines

March 27, 2024 1 min read

The US Securities and Exchange Commission (SEC) is being sued in order to get clarification on the legal classification of bitcoin airdrops. The action, filed by the DeFi Education Fund (DEF) and Texas-based clothing company Beba Collection, challenges the Securities and Exchange Commission’s (SEC) ambiguous regulatory position on cryptocurrencies. Specifically, it questions the categorization of crypto airdrops as securities. The central issue in the action is to the SEC’s management

They US SEC delays Grayscale Ethereum ETF decision again, now aiming for May 2024

March 23, 2024 1 min read

The US Securities and Exchange Commission (SEC) has postponed its verdict on Grayscale’s Ethereum futures ETF, setting a new deadline of May 30, 2024. The delay is to allow more time for thorough consideration of the proposal and related concerns. Bloomberg’s ETF analyst James Seyffart predicted this delay recently. This suggests that Grayscale’s strategy is more sophisticated than it appears. Seyffart believes Grayscale is using the delay strategically to challenge

The US SEC announces new rules that would increase crypto registration requirements

February 7, 2024 1 min read

The US Securities and Exchange Commission (SEC) announced new rules on February 6 that would increase registration requirements, and entice more market participants to join a self-regulatory organization. It also said it guarantees adherence to federal securities laws and regulations. The new laws may lead to additional regulation of cryptocurrencies and decentralized finance (DeFi). The proposed new regulations were presented in 2022 in a 247-page document. The definitions of “dealer”

Binance Challenges US SEC in Court, Citing Crypto Regulations’ Uncertain Landscape

January 23, 2024 1 min read

In a legal dispute between Binance and the SEC, Binance’s legal team has expressed concerns about the US SEC’s classification of most crypto as securities. This clash highlights the ambiguity in regulatory guidelines, which makes compliance difficult for crypto companies. Binance believes the SEC’s lack of clarity in crypto company regulations creates difficulty. The SEC encourages crypto firms to register, but the lack of clear guidelines makes it difficult for

Thailand’s SEC says no to Bitcoin ETF trading while allowing digital investments through local exchanges

January 18, 2024 1 min read

Thailand‘s Securities and Exchange Commission (SEC) has declined to approve the trading of spot Bitcoin ETFs, indicating a cautious approach to these investment products. The decision comes after the recent approval of Bitcoin ETFs in the United States, including industry leader BlackRock. On January 17, local media reported that the Thai SEC is currently unprepared to support spot Bitcoin ETFs in the country. Despite the US approving 11 companies to

Do Kwon seeks to delay his US trial as extradition from Montenegro faces delays

January 15, 2024 1 min read

In a recent legal development, Do Kwon, the former CEO of Terra, has requested that his trial in the United States be postponed. The trial, which is centered on charges brought by the US Securities and Exchange Commission (SEC), could be delayed due to Kwon’s extradition from Montenegro. Kwon’s legal team informed Judge Jed S. Rakoff in a letter that the extradition process from Montenegro is moving more slowly than

SEC’s X Page Hacked with False Bitcoin ETF Approval; Chairman Gensler Denies Claim

January 10, 2024 1 min read

In an unexpected turn of events, the US Securities and Exchange Commission’s (SEC) official Twitter account recently announced the approval of a Bitcoin Exchange-Traded Fund (ETF) listing on all registered national securities exchanges. The official X (formerly Twitter) page tweeted, “Today, the SEC grants approval for Bitcoin ETFs listing on all registered national securities exchanges.” Crypto enthusiasts and investors reacted positively to the news, hailing it as a significant development

The US SEC is warning investors against succumbing to FOMO in their investment decisions

January 9, 2024 1 min read

As the crypto community awaits the US SEC’s final decision on Spot Bitcoin ETF applications, which is set to be announced on January 10, the regulatory body has issued a cautionary report, warning investors against succumbing to FOMO in their investment decisions. The report, which was published on January 6 in an X post by the SEC’s Office of Investor Education and Advocacy, sheds light on the negative consequences of

SEC May Signal Approval for Bitcoin ETFs, Paving the Way for Launches by January 10

January 1, 2024 1 min read

The Securities and Exchange Commission (SEC) of the United States is expected to issue a positive signal regarding the approval of spot Bitcoin exchange-traded funds (ETFs). This development may pave the way for several asset management firms, such as Ark Investments, 21Shares, Valkyrie, and others, to launch ETFs as early as January 10. The possibility of approval has sparked excitement in the crypto industry, with experts predicting increased institutional investor

SEC Delays Decision on Hashdex Nasdaq Ethereum ETF, Creating Investor Uncertainty

December 19, 2023 1 min read

The Securities and Exchange Commission (SEC) of the United States has delayed its decision on the Hashdex Nasdaq Ethereum ETF. This delay, which comes after the filing was made available for public comment in October 2023, has created uncertainty among investors who are eagerly awaiting the approval of an Ethereum ETF. The delay not only affects Hashdex, but it also has implications for other crypto firms such as VanEck and

Binance Faces Ongoing SEC Investigation Despite Settlement and Leadership Changes

November 28, 2023 1 min read

Despite Binance’s CEO resigning and a hefty $4 billion settlement, the US Securities and Exchange Commission (SEC) continues its probe into whether BinanceUS, akin to FTX, had unauthorized control over customer assets, according to a recent Wall Street Journal report. The SEC filed a lawsuit in June, alleging Binance and BinanceUS sold unregistered securities, engaging in fraud and violating laws, with suspicions of unlawfully handling customer funds. argues against the

The US SEC classifies Polygon (MATIC) as security Security

November 25, 2023 1 min read

The US Securities and Exchange Commission (SEC) has classified Polygon (MATIC) as a security, casting a pall over the popular crypto. The SEC’s announcement came as part of a lawsuit against Kraken, accusing the exchange of violating securities laws by operating an unregistered securities exchange, broker, and clearing agency. Polygon, formerly known as MATIC, has been reclassified as a security by regulatory authorities. This echoes similar legal battles faced by