Jake Chervinsky – DIGIT INFO

CFTC submits emergency motion to block Kalshi’s election betting contracts

DIGIT — Sun, 08 Sep 2024 02:39:38 +0000

The CFTC asked the court to block Kalshi from offering election betting contracts until it reviews the reasoning for the denial of its order.

Go to Source

US prediction market Kalshi scores ‘huge win’ against CFTC

DIGIT — Sat, 07 Sep 2024 06:42:01 +0000

US citizens can now reportedly use Kalshi to bet on the upcoming election through derivatives after a judge overturned the CFTC’s decision. However, the CFTC still has the option to appeal.

Go to Source

SEC likely still believes SOL is a security, say crypto execs

DIGIT — Wed, 31 Jul 2024 04:41:41 +0000

Many crypto observers may be “overreading” the security regulator’s latest filing for its Binance lawsuit, meaning Solana and other tokens may not be off the hook yet.

Go to Source

Solana ETF possible with a change in POTUS, SEC: Balchunas

DIGIT — Fri, 28 Jun 2024 00:49:34 +0000

Two industry pundits believe a change in SEC Chair is needed to even entertain the idea of a spot Solana ETF.

Go to Source

The Non-Custodial Conflict: US Government Actions Stir Crypto Community Concerns

DIGIT — Fri, 26 Apr 2024 13:41:02 +0000

Over the past two days, there has been a notable uptick in concern within the crypto community regarding the U.S. government’s actions toward non-custodial wallets, which facilitate the sovereign storage of crypto assets. Recent events have fueled a widespread belief that a targeted campaign against non-custodial wallets is now underway. Debate Over Crypto Wallet Regulation […]

Go to Source

Crypto Attorney Jake Chervinsky Explains the Bear Case for a Spot Ether ETF Approval in May

DIGIT — Tue, 12 Mar 2024 21:46:03 +0000

Jake Chervinsky, CLO of Variant, a crypto-focused venture capital firm, explained that he was pessimistic about U.S. regulators approving a spot ether ETF this May. Chervinsky stated that the SEC’s combative attitude, willingness to go to court to fight this kind of approval, and lack of details on the initiative, signaled a bad outcome for […]

Go to Source

House Financial Services Committee Advances Bill to Repeal SEC Bulletin Preventing Banks From Offering Crypto Custody Services

DIGIT — Sat, 02 Mar 2024 05:00:39 +0000

The House Financial Services Committee of the U.S. Congress has advanced a resolution that seeks to disavow SEC SAB 121, a bulletin that leaves banks and financial institutions out of the cryptocurrency custody provider market. However, the resolution, advanced with bipartisan support, is unlikely to be passed at a vote on the House floor, according […]

Go to Source

‘It would be absurd’ for a US court to rule private NFTs as securities: Lawyer

DIGIT — Thu, 23 Feb 2023 07:39:58 +0000

The comments from the hosts of lawyers comes as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT may constitute a security.

Go to Source

US crypto regulation happening ‘behind closed doors’ – Blockchain Association CEO

DIGIT — Wed, 22 Feb 2023 07:00:00 +0000

The “work has been done” for stablecoin regulation in the U.S., but many in Washington D.C. are feeling “burned” and “betrayed” over the FTX collapse last year.

Go to Source

Crypto regulation decided by Congress, not the SEC: Blockchain Association

DIGIT — Wed, 15 Feb 2023 01:30:13 +0000

The group’s policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim.

Go to Source