Tag: SEC

Crypto Industry on Trial: SEC’s Legal Actions Against Major Companies

The SEC crypto crackdown has targeted titan companies, including Ethereum Foundation, Consensys, Robinhood, Uniswap Labs, Coinbase, Binance, Ripple, and Kraken. Ethereum 2.0 and...

Thailand Strengthens Digital Asset Regulation Through Collaborative Efforts

Thailand blocks access to unauthorized cryptocurrency platforms, supports law enforcement efforts against cybercrimes. Ministry of Digital Economy and Society directs Thai SEC to...

Senators pressure SEC’s Gensler not to approve any more crypto ETFs

Two prominent Democratic senators have voiced their concerns directly to Gary Gensler, urging a halt to the further approval of crypto ETFs. ...

From Vision to Reality: BSP’s Two-Year Plan for Wholesale CBDC Implementation

Governor Eli Remolona Jr. recently unveiled the BSP's ambitious endeavour, emphasizing a departure from blockchain technology in favour of a wholesale CBDC model. ...

Genesis-Gemini Legal Showdown Heats Up

According to the regulatory body, Genesis and Gemini had unlawfully offered and sold securities to retail investors through the Gemini Earn crypto asset...

Binance disassociates from Binance Nigeria Limited (BNL), sends ‘cease and desist’ notice

The Nigerian Securities and Exchange Commission (SEC) released a circular on June 9, declaring Binance Nigeria Limited (BNL) illegal in the country. Binance...

A new crypto exchange EDX Markets launched

A new crypto exchange backed by firms including Fidelity Digital Assets, Charles Schwab Corp. and Citadel Securities has confirmed that it has gone live. This launch could reshape the digital-asset landscape amid heightened regulation and scrutiny of the cryptocurrency sector. EDX Markets is a new crypto exchange designed to meet both the needs of native digital assets firms and the largest financial institutions globally. The creators of EDX intended to enable faster, safer, and more efficient cryptocurrency trading, leveraging best practices from traditional financial markets on a purpose-built platform.

Far-reaching effects of aggressive crypto market regulation

The spectacular rise of the cryptocurrency industry has presented a fresh challenge for financial regulators. Some researchers and policymakers have warned the overly aggressive crypto market regulation might clutter the promising new financial asset class. Others have indicated that businesses could flee the jurisdictions whose regulations they consider ‘anti-crypto’ to the less regulated jurisdictions. Moreover, some have suggested that crypto regulatory actions will inspire market activity by offering clarity to participants.

Robinhood to delist ADA, SOL, and MATIC amid SEC crackdowns on Coinbase and Binance

The SEC named ADA, SOL, and MATIC in lawsuits filed against Coinbase and Binance. The SEC referred to the three crypto-assets targeted for delisting from Robinhood as unregistered securities in the lawsuits. The lawsuits are part of a broader SEC endeavour to regulate the crypto industry.

Regulatory pressure forces closure of the Unbanked fintech venture

In 2022, the unbanked Fintech attracted nearly $1.5 million from 1500+ investors due to its zeal for the trade. The Unbanked Fintech...

Genesis joins the list of bankrupt crypto companies

The crypto lender Genesis initially started as a subsidiary of the Digital Currency Group by Barry Silbert in 2013. Genesis officially filed for...

SEC warns crypto traders and investors of looming honey trap

The SEC has foreshadowed an inevitable negative turn of events Bitcoin's value has steadily declined. Unfortunately, its price significantly affects the overall crypto...