Regulation

The recent filing by the US Securities and Exchange Commission (SEC) regarding FTX’s bankruptcy repayment strategy has raised significant concerns within the cryptocurrency industry. The plan to repay creditors using stablecoins or other digital assets has sparked a debate over its legality under federal securities laws. The SEC’s filing has cast a shadow of uncertainty
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Congressman Wiley Nickel (D-NC) recently criticized the US Securities and Exchange Commission (SEC) for its “regulation by enforcement” approach. He argued that this strategy undermines trust in the regulatory system and risks stifling digital innovation across the US. Nickel emphasized the need for a collaborative and transparent regulatory process that includes public input to develop
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The US Securities and Exchange Commission (SEC) has recognized the importance of retail investors having more timely access to fund portfolio data. Currently, the regulatory framework requires registered investment companies to provide periodic portfolio holdings data, but this information is often delayed. This delay affects millions of US households and can leave investors with outdated
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Recently, the Nigerian Securities and Exchange Commission (SEC) has given the green light to two local crypto exchanges, Busha Digital Limited and Quidax, to operate under the Accelerated Regulatory Incubation Program (ARIP). This Approval-in-Principle marks a significant step towards complying with upcoming regulations on virtual asset service providers, set to be released in May 2022.
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The recent settlement between the US Securities and Exchange Commission (SEC) and crypto lending firm Abra serves as a stark reminder of the importance of regulatory compliance in the cryptocurrency industry. The SEC filed charges against Abra for failing to register its crypto asset lending product, Abra Earn, and against Plutus Lending LLC, Abra’s owner,
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The joint statement from Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek highlights the challenges posed by the European Union’s fragmented regulatory structure on artificial intelligence (AI) innovation. They criticize the EU’s AI regulatory framework as being riddled with inconsistent implementation, which hampers the region’s companies from fully capitalizing on the AI wave. The
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