Tag: SEC

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The Nigerian securities regulator announced on June 21 that it had updated the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into the Commissionโ€™s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant […]

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The U.S. House of Representatives on Wednesday approved a bill aimed at establishing a new legal framework for digital currencies, despite an unusual warning from the U.S. securities regulator about potential financial risks. The Financial Innovation and Technology for the 21st Century Act, sponsored by Republicans, passed with a bipartisan 279-136 vote. It remains uncertain […]

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Retail brokerage receives ‘Wells notice’ after prolonged efforts to gain regulatory clarity Robinhood has indicated a potential legal challenge from the U.S. Securities and Exchange Commission concerning its cryptocurrency operations, highlighting the ongoing U.S. regulatory scrutiny on digital currencies. The company reported in a recent filing that over the last weekend, its crypto division received […]

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KEY POINTS: Coinbase is pushing for the SEC to green-light Grayscale’s Ethereum ETF proposal. It outlines Grayscale’s legal, technical, and economic arguments for approval. Paul Grewal highlights Coinbase’s backing due to Ethereum being classified as a commodity. Coinbase has taken a significant step in the ETF arena by advocating for the SEC’s approval of Grayscale’s […]

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Colorado-based pastor Eligio “Eli” Regalado and his wife, Kaitlyn, are currently facing legal repercussions following allegations of defrauding investors out of millions of dollars through the sale of an unregistered cryptocurrency token known as INDXcoin. This particular token was marketed to devout Christians as a “God-backed” digital asset, successfully raising approximately $3.2 million in funds […]