Senator Elizabeth Warren recently sparked significant backlash from the crypto community after making disparaging remarks about the industry. Her claims were based on a report from the U.S. Government Accountability Office (GAO), which raised concerns about the misuse of cryptocurrencies by rogue nations to evade sanctions and pose threats to national security. However, critics argue
Regulation
The U.S. Securities and Exchange Commission (SEC) has recently opened comments on proposals relating to options trading on Bitcoin exchange-traded funds (ETFs). These proposals, if approved, would allow Nasdaq and Cboe Exchange Inc. to list and trade options on various Bitcoin ETPs. This move could introduce new investment strategies and provide investors with the opportunity
The U.S. Securities and Exchange Commission (SEC) has recently announced that it is delaying its decision on Fidelity’s proposed spot Ethereum ETF. This decision pertains to a proposed rule change that would enable Cboe BZX to list and trade shares of Fidelity’s planned fund. The SEC’s original deadline for approving or rejecting the rule change
The court hearing between Coinbase and the U.S. Securities and Exchange Commission (SEC) held on January 17, 2023, was a significant event for the cryptocurrency industry. The SEC had previously accused Coinbase of operating an unregistered securities exchange and engaging in the unregistered sale of securities through its crypto staking service. While no ruling or
Financial authorities in South Korea are exploring the implementation of specific regulatory measures to address the misuse of cryptocurrency mixers in illicit financial activities. Originally designed for privacy protection, these mixers have increasingly become a tool for criminals to launder money, thus raising concerns among regulators. The Financial Intelligence Unit (FIU) of South Korea’s Financial
The U.S. Securities and Exchange Commission (SEC) has recently decided to postpone the trial against Terraform Labs and its former top executive. The SEC deemed a small delay necessary since Terraform Labs’ co-founder, Do Kwon, intends to attend the trial. Kwon has agreed to extradition from Montenegro and is expected to arrive in the U.S.
South Korea’s Financial Services Commission (FSC) has expressed concerns regarding domestic securities firms brokering overseas-listed Bitcoin exchange-traded funds (ETFs). In a notice issued on January 12, the regulator highlighted potential violations of local laws, specifically the Virtual Asset User Protection Act and the Capital Markets Act. This article examines the FSC’s warning and its implications
Grayscale, the leading digital currency asset management firm, has recently made a groundbreaking move by filing for a Bitcoin covered call Exchange-Traded Fund (ETF). The company’s CEO, Michael Sonnenshein, believes that this filing should be seen as a declaration of Grayscale’s commitment not only to bringing its Grayscale Bitcoin Trust (GBTC) to market as a
Grayscale, a leading digital asset management firm, has received approval from the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin exchange-traded fund (ETF) proposal. This landmark decision has significant implications for GBTC (Grayscale Bitcoin Trust) investors and the future of cryptocurrency. The approval underscores the growing recognition of crypto’s transformative potential in the
A newly released comprehensive report by the Digital Assets and Blockchain Technology Subcommittee of the CFTC sheds light on the risks and challenges that come with the burgeoning field of Decentralized Finance (DeFi). Spearheaded by CFTC Commissioner Christy Goldsmith Romero, the report highlights the lack of clear responsibility and accountability within DeFi systems as a