Lens
Regulation
U.S. judge Sarah Netburn on Sunday granted Ripple Labs’ motion to serve two subpoenas to authenticate seven video recordings in which U.S. Securities and Exchange Commissions officials made public remarks. See related article: XRP trades down 3.5% after Ripple unlocks 1 billion tokens from escrow Fast facts The judge’s order comes in response to Ripple’s […]
Timmy Shen
Regulation
Nasdaq-listed Coinbase Global is under investigation by the U.S. Securities and Exchange Commission (SEC) for its token listing processes and its staking programs and yield-generating products, according to the company’s most recent quarterly report. See related article: Former Coinbase manager arrested on insider trading charges Fast facts “[Coinbase] has received investigative subpoenas and requests from […]
Lachlan Keller
Regulation
The U.S. Senate Agriculture Committee introduced a bill on Wednesday to put the Commodity Futures Trading Commission (CFTC) at the helm of regulating all cryptocurrencies classified as commodities. See related article: US crypto bill could undermine market protections: SEC, Gensler Fast facts The bill would give the CFTC “exclusive jurisdiction” over all “digital commodities,” which […]
Monika Ghosh
Regulation
A U.S. federal district court dismissed the U.S. Securities and Exchange Commission’s motion to revoke the “amici curiae” or “friends of the court” status granted to XRP holders in an order on Tuesday. See related article: SEC wins time to resist crucial document handover to Ripple in XRP lawsuit Fast facts In a letter to […]
Monika Ghosh
Regulation
The U.S. Securities and Exchange Commission (SEC) alleged in a civil suit filed last week that nine of the 25 crypto assets traded in the first-ever cryptocurrency insider trading case were securities and that leaking confidential information, therefore, amounted to securities fraud. See related article: Former Coinbase manager arrested on insider trading charges Fast facts […]
Monika Ghosh
Regulation
The Securities and Exchange Commission of Thailand (Thai SEC), has sought clarification from cryptocurrency exchange Zipmex on its decision to freeze withdrawals, according to a statement on its website. See related article: Celsius bankruptcy deepens chill over crypto sector Fast facts The regulatory authority for Thailand’s capital markets, in a letter dated July 20 issued […]
Pradipta Mukherjee
Regulation
The U.S. Department of Justice (DOJ) arrested former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, on allegations of wire fraud in a first-ever cryptocurrency insider trading scheme, the agency said in a statement on Thursday. See related article: Former OpenSea employee arrested amid insider trading allegations Fast facts The Wahi brothers are […]
Monika Ghosh
Regulation
HGC Info Tech (HGC) announced Tuesday that it will start offering its securities tokens at U.S. digital asset exchange INX, as Chinese firms face delisting risks in the states due to regulatory differences. See related article: SEC places Chinese crypto mining rig maker Canaan on pre-delisting list Fast facts Xiamen-based HGC provides order matching and […]
Ningwei Qin
Regulation
Ethereum co-founder Vitalik Buterin tweeted a defense of the network’s transition to proof of stake (PoS) on Tuesday, responding to arguments suggesting assets secured by such consensus mechanisms are a security. See related article: Ethereum one step closer to Eth2 with Ropsten testnet merger Fast facts “The fact that you can vote on something to […]
Lachlan Keller
Regulation
South Korea’s Justice Minister Han Dong-hoon met with U.S. investigative agencies in New York on Tuesday amid the countries’ separate investigations into Terra and its cofounder Do Kwon. See related article: South Korean authorities cite LUNA debacle to call for speedier crypto oversight Fast facts The minister met with Andrea M. Griswold, co-chief of the […]
Danny Park
