The securities regulator was preparing to release its “innovation exemption” for tokenized stocks as soon as this week, and a draft of the plan had been prepared and reviewed by staff. However, the timing has since been pushed back as the SEC weighs input from stock-exchange officials and other market participants, reported Bloomberg, citing people […]
BitGo and Galaxy Digital are continuing their courtroom battle over the collapse of a $1.2 billion acquisition agreement that was once expected to become the largest merger in the crypto industry. During proceedings this week in Delaware Chancery Court, BitGo argued that Galaxy backed out of the transaction in 2022 and is now seeking at […]
The SEC is set to release a so-called “innovation exemption” for tokenized stocks, which will pave the way for trading digital versions of securities, reported Bloomberg on Tuesday. The agency’s framework for tokenized stock trading under the Trump administration’s direction is expected to be finalized this week, the anonymous sources told the outlet. These tokenized assets […]
The SEC issued an interpretation on Tuesday clarifying how federal securities laws apply to certain crypto assets and transactions involving cryptocurrencies. This is a “major step in the Commission’s efforts to provide greater clarity regarding the treatment of crypto assets,” it stated. The guidance also “complements Congressional endeavors to codify a comprehensive market structure framework […]
For years now, the entire cryptocurrency industry has operated under a fog of regulatory uncertainty. Investors and developers alike were wondering which crypto asset the U.S. government might suddenly decide to classify as an unregistered security. Take Ripple’s XRP, for instance – one of the most obvious examples. The company was tangled in a prolonged […]
The United States Securities and Exchange Commission (SEC) has inched closer to creating guardrails to ascertain how cryptocurrencies are regulated. In a recent commission-level guidance submitted to the White House’s Office of Information and Regulatory Affairs (OIRA), the SEC outlined how securities laws can be applied to crypto. If followed, the new guidelines could affect […]
U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has said that regulators should not panic over falling crypto prices, pushing back against calls for emergency intervention as Bitcoin (BTC) slipped toward $66,000. The remarks signal the SEC’s intent to focus on structural rulemaking rather than market volatility, offering a roadmap for tokenized securities while […]
The US Securities and Exchange Commission (SEC) has released new guidance to clarify how federal securities laws apply to tokenized securities. Issued jointly by the Division of Corporation Finance, the Division of Investment Management, and the Division of Trading and Markets on January 28th, the statement categorizes tokenized securities into two main types: issuer-sponsored and […]
“This is a big week for crypto – Congress is on the cusp of upgrading our financial markets for the 21st century,” said Atkins on Fox Business on Monday. The market structure bill “fits in with the President’s focus on making America the crypto capital of the world, so if you have clear legislation and […]
The US Securities and Exchange Commission (SEC) has charged three entities that claimed to operate crypto asset trading platforms, along with four so-called investment clubs, for allegedly running a large-scale fraud that targeted retail investors through social media. According to the SEC, Morocoin Tech Corp., Berge Blockchain Technology Co. Ltd., and Cirkor Inc., together with […]