D.C. Circuit reverses SEC ruling on SPIKES futures, calls it “arbitrary and capricious”
The decision relates to an SEC order from 2020 exempting SPIKES Index from the definition of securities futures. Go to Source Powered by WPeMatico
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SEC, Binance unite against Eeon’s lawsuit intervention
The US SEC contends that Eeon has a history of repeatedly representing themselves in court cases, but their claims have consistently been unsuccessful in federal courts. Go to Source Powered by WPeMatico
Grayscale urges SEC to approve all Bitcoin ETFs simultaneously
Grayscale’s ETF was previously knocked back by the SEC and it wants it and competing ETFs approved together so none have an advantage. Go to Source Powered by WPeMatico
SEC passes new ‘conflict of interest’ rules governing how brokers can use AI
The new rules will govern how brokers use artificial intelligence to entice investors and how they use “optimization functions” to target investors and determine investment strategies. Go to Source Powered by WPeMatico
SEC files charges against Quantstamp for $28M initial coin offering
Quantstamp agreed to settle charges and will repay proceeds from its 2017 ICO that raised $28 million. Go to Source Powered by WPeMatico
Former CFTC chairman says stablecoins can be a bridge between two worlds
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility when it comes to regulations. Go to Source Powered by WPeMatico
Two more crypto bills in the US: Law Decoded, July 17–24
Last week was marked by two new legislative initiatives for the crypto industry in the United States. Go to Source Powered by WPeMatico
US GAO says lack of interagency cooperation needs to be addressed in crypto regulation
In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together. Go to Source Powered by WPeMatico
Why is XRP price down today?
XRP price is down today like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week. Go to Source Powered by WPeMatico
Ripple ruling and crypto ETFs ‘drove a lot of urgency’ among lawmakers, reportedly says Coinbase CEO
Coinbase CEO Brian Armstrong reportedly said Representatives Maxine Waters and Patrick McHenry were both considering a legislative path forward on regulating digital assets. Go to Source Powered by WPeMatico
