Six individuals are challenging the Treasury Department. Two seemingly separate stories. One terrifying precedent. It’s all about privacy.
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Category: SEC
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Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC
A Securities and Exchange Commission filing filed on September 16 shows that the company Grayscale Investments has declared “distribution of rights to Ethereum Proof of Work Tokens.” The newly launched ETHW blockchain went live on September 15 and roughly 50-60 terahash per second (TH/s) of hashrate is dedicated to the new network. Grayscale notes that […]Powered by WPeMatico
US Senator Wants Congress to Step in With Crypto Guidance — Urges SEC to Provide Much More Clarity on Regulations
U.S. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Securities and Exchange Commission (SEC) is not sharing its framework for regulating crypto with lawmakers, noting that Chairman Gary Gensler “owes us much more clarity on how and why he intends to apply SEC […]Powered by WPeMatico
White House publishes ‘first-ever’ comprehensive framework for crypto
The fact sheet sums up the efforts of nine federal agencies’ research over the past six months.
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South Korea’s Ministry of Foreign Affairs Plans to Revoke Do Kwon’s Passport: Report
According to local reports stemming from South Korea, the country’s foreign ministry is looking to invalidate the co-founder of Terraform Labs Do Kwon’s passport. The story was published the day after it was reported that Seoul’s Southern District Prosecutors Office issued a warrant for Kwon’s arrest. Local Report Says South Korean Officials Are Targeting Do […]Powered by WPeMatico
Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional breach of its merger agreement” caused the lawsuit. Bitgo Seeks Damages From […]Powered by WPeMatico
SEC chair Gensler holds tight to his crypto position in preview of Senate testimony
The official will testify before the Senate Committee on Banking on Sept. 15; in a transcript released early, he reiterates the primacy of securities law in crypto regulation.
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CDC gives nod to Lummis-Gillibrand bill in proposed amicus brief in SEC v. Ripple case
The Chamber of Digital Commerce has requested to file an amicus brief in the protracted SEC case against Ripple Labs and supports legislating to clear up legal gray area.
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Bitcoin and altcoins pop to the upside, but upcoming macro events could cap the rally
The FOMC’s decision on Sept. 21 could cause traders to reduce their risk exposure, limiting the recent gains seen across the crypto market.
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Law Decoded, Sept. 5–12: The pressure is growing in the US
Last week regulators worried about the “de-integration” of financial sector and global energy consumption — all because of crypto.
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