The U.S. Securities and Exchange Commission (SEC) has launched a probe into Yuga Labs, the entity behind the popular NFT collection Bored Ape Yacht Club, over the sale of its NFTs and digital tokens. The regulatory agency is investigating whether some Yuga Labs NFTs are akin to stocks and should follow the same disclosure rules,…
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Crypto asset management company Grayscale has filed the opening brief in its lawsuit against the U S. Securities and Exchange Commission (SEC), challenging the agency’s decision to deny its application to convert the GBTC into a spot Bitcoin ETF. Grayscale, which has been trying to convert its flagship Grayscale Bitcoin Trust fund (GBTC) into a…
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The U.S. Securities and Exchange Commission (SEC) has filed an emergency action to stop an ongoing crypto Ponzi scheme targeting Latino investors. According to an SEC press release, the scheme was being operated by Mauricio Chavez and Giorgio Benvenuto through CryptoFX – a company Chavez founded and controlled. … Read More: SEC Halts Crypto Ponzi Operation Targeting…
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The U.S. Securities and Exchange Commission (SEC) has charged two now-defunct cryptocurrency firms and their executives for allegedly running a pump-and-dump scam worth $36.8 million from 2017 until 2019 via a token called ‘Dignity’ (DIG). … Read More: Two Firms Charged by US SEC for Crypto Pump and Dump Scheme Read more »Sign up for e-EUR…
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XRP’s price has fallen this year, as has the price of many other cryptocurrencies. The large-cap coin has dropped 52.3% since the beginning of the year, mirroring the overall declines of the cryptocurrency market, which is not surprising given its position. XRP, despite its decline, remains an appealing investment option for investors. As the year…
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The bear market has been bad for cryptocurrency’s case against regulation. What comes next depends on how well we play ball, but Lummis–Gillibrand offers a favorable path forward. There’s never a good time for a crypto winter, but it would be difficult to envision a worse time than right now. Even before 70% of Bitcoin’s…
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The Enforcement Division of the U.S. Securities and Exchange Commission (SEC) continues efforts to bring the crypto industry under securities overreach. Gurbir Grewal, the director of the enforcement division, has reiterated that the crypto industry should not expect to get a pass from the SEC. … Read More: SEC Enforcement Director Gurbir Grewal Says Actions to…
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Developers, investors and regulators can establish best practices and raise the quality of cryptocurrency development by working together. Regulators are tasked with balancing between protecting consumers and creating environments where entrepreneurs and the private sector can thrive. When markets face distortions, perhaps due to an externality or information asymmetry, regulation can play an important role.…
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The wait for a first Bitcoin spot exchange-traded fund continues as the U.S. SEC buys more time to make a decision on VanEck’s proposed BTC ETF. The United States Securities and Exchange Commission (SEC) has pushed back a decision on the latest application for a Bitcoin (BTC) spot exchange-traded fund (ETF) by global investment firm…
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SEC has filed a lawsuit in the U.S. District Court against the founders and promoters of Forsage who allegedly fueled a $300 million “textbook pyramid and Ponzi scheme” The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage. The charges…
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