securities regulator – DIGIT INFO

Malaysia’s securities regulator orders Bybit to halt operations

DIGIT — Mon, 30 Dec 2024 10:22:43 +0000

Malaysia’s Securities Commission said that as of Dec. 27, Bybit complied with its demands to disable its platforms in the country.

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Kraken Challenges SEC Overreach in Recent Court Filing

DIGIT — Sun, 12 May 2024 19:33:55 +0000

In a recent motion to dismiss a case brought by the Securities and Exchange Commission (SEC), cryptocurrency exchange Kraken argued that the SEC’s legal theory misinterprets crucial aspects of the case. The court document, dated May 9, 2024, claims the SEC fails to identify legitimate investment contracts involved in the transactions on Kraken’s platform. Kraken […]

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SEC Issues Wells Notice to Robinhood Over Crypto Operations

DIGIT — Mon, 06 May 2024 13:20:03 +0000

A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff […]

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‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum Regulations

DIGIT — Thu, 25 Apr 2024 20:09:41 +0000

In a significant legal move, Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) to protect the Ethereum blockchain from what it deems overreaching regulations. A report further alleges that the SEC issued a Wells Notice to Consensys, asserting that Metamask functions as an “unlicensed broker-dealer.” Consensys Confronts SEC Following Receipt […]

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Hong Kong police, regulator form crypto task force as JPEX saga unfolds

DIGIT — Thu, 05 Oct 2023 01:37:16 +0000

The joint group was established in light of the ongoing crypto scandal in Hong Kong involving the JPEX crypto exchange.

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Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

DIGIT — Sat, 18 Feb 2023 15:30:40 +0000

Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System, […]

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Paxos ‘categorically disagrees’ with the SEC that BUSD is a security

DIGIT — Tue, 14 Feb 2023 00:05:04 +0000

Paxos said it will engage with the US securities regulator on the matter and is prepared to “vigorously litigate if necessary.”

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Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD

DIGIT — Mon, 13 Feb 2023 12:03:11 +0000

According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day that it would no longer mint BUSD and it was ending its […]

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Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers

DIGIT — Thu, 09 Feb 2023 17:30:04 +0000

Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase CEO Vocalizes Worry Over […]

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Philippines securities regulator seeks more authority to police the crypto industry

DIGIT — Mon, 30 Jan 2023 06:06:00 +0000

The Filipino securities regulator is moving to enact tighter rules on crypto, crypto companies and other financial products using blockchain technology.

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