The U.S. Securities and Exchange Commission (SEC) has denied a petition from cryptocurrency exchange Coinbase, which requested the development of new rules for digital asset securities. In a response letter to Coinbase, the SEC stated that it believes the requested rulemaking is currently unwarranted and therefore denies the petition. This decision concludes a lengthy back-and-forth
Regulation
The Securities and Exchange Commission (SEC) is set to implement new disclosure requirements for public companies regarding the disclosure of material cybersecurity incidents. These new rules aim to provide investors with timely and consistent information about the risks associated with cybersecurity. While the requirements have been modified following the comment period, they still have significant
The Financial Accounting Standards Board (FASB) has recently introduced new accounting rules for Bitcoin, marking a significant milestone in the integration of digital assets into mainstream corporate finance. This article delves into the implications of these changes and the potential impact on corporations and the perception of cryptocurrencies in the financial world. The adoption of
In a relentless legal battle against the U.S. Securities and Exchange Commission (SEC), Binance has submitted crucial filings on December 12th. The filings made by Binance aim to dismiss the case launched by the SEC against its companies and former CEO, Changpeng Zhao, back in June. These filings challenge the SEC’s claims that Binance tokens
The U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler, recently made dismissive remarks regarding spot Bitcoin exchange-traded funds (ETFs) in a conversation with Bloomberg. Although the SEC has introduced new rules aimed at reducing risk in the U.S. Treasury market, Gensler downplayed the significance of crypto ETFs in comparison. Gensler highlighted the importance of
The rapidly evolving cryptocurrency market has raised concerns about the lack of precise regulation in the digital asset space. Chairman Rostin Behnam of the Commodities Futures Trading Commission (CFTC) believes that most cryptocurrencies should be classified as commodities under existing laws, highlighting the need for updated regulatory frameworks to accommodate technological advancements. Chairman Behnam’s call