The lasting agony of 3AC: Law Decoded, July 18-25
A crypto hedge fund co-founders acknowledge their mistakes, driven by bull market overconfidence. Go to Source Powered by WPeMatico
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SEC Criticized for How It Regulates Crypto — Chair Gensler Says Most Crypto Tokens ‘Have Attributes of Securities’
The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens listed on Coinbase as securities. SEC Slammed for Regulation by Enforcement … Read more
Coinbase Disputes SEC’s Allegation That the Exchange Lists 9 Crypto Securities
Nasdaq-listed crypto exchange Coinbase has disputed the allegation by the U.S. Securities and Exchange Commission (SEC) that nine of the crypto assets traded on its platform are securities. The company’s chief legal officer stressed: “Coinbase does not list securities. End of story.” Coinbase Insists It Does Not List Crypto Asset Securities The U.S. Securities and … Read more
US Court Convicts ‘My Big Coin’ Founder in $6 Million Fraudulent Cryptocurrency Scheme
A federal jury has convicted the founder of “My Big Coin” in a fraudulent scheme that swindled $6 million from cryptocurrency investors. The defendant made several false claims, including that the coins were backed by gold and that the company had a partnership with Mastercard. My Big Coin’s Founder Convicted The U.S. Department of Justice … Read more
SEC listing 9 tokens as securities in insider trading case ‘could have broad implications’ — CFTC
CFTC Commissioner Caroline Pham took issue with the SEC labeling certain crypto assets as securities in an example of “regulation by enforcement.” Go to Source Powered by WPeMatico
Regulators across the ocean discuss stablecoins and MiCa at joint forum
The representatives of key regulatory bodies on both sides of the Atlantic have met to exchange their experiences. Go to Source Powered by WPeMatico
CFTC labels 34 crypto and forex firms as unregistered foreign entities
“Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson. Go to Source Powered by WPeMatico
CFTC brings $1.7B fraud case involving Bitcoin against South African national
“The defendants misappropriated, either directly or indirectly, all of the Bitcoin they accepted from the pool participants,” said the CFTC. Go to Source Powered by WPeMatico
That’s ‘Sir’ Crypto Dad: French order knights former CFTC chair Chris Giancarlo
The first of his name, king of the punks and the first regulators, protector of the seven tokens, the keeper of the great CBDC, the breaker of blockchains and father of crypto. Go to Source Powered by WPeMatico
Not the best week for crypto lending: Law Decoded, June 20-27
The Celsium failure continues to draw attention to the lending issues from regulators and community. Go to Source Powered by WPeMatico