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.
Regulation
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
The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has issued a cautionary advisory concerning investments in crypto assets. With the deadline for the approval of a spot Bitcoin exchange-traded fund (ETF) looming, Gensler took to social media to emphasize the risks associated with investing in cryptocurrencies. He highlighted regulatory non-compliance, volatility,
The much-anticipated approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) remains uncertain, according to recent updates from industry insiders. Despite initial speculation and optimism, several reporters and analysts have revised their predictions and delayed the expected timeline for approval. This has left investors eagerly awaiting further developments. TechCrunch reporter
The rapid advancement of artificial intelligence (AI) technology has raised concerns about its potential risks and impact on society. In response to these growing concerns, Senator Steve Padilla (D-San Diego) has proposed two bills, Senate Bills 892 and 893, aimed at establishing a robust and ethical AI framework in California. This article critically analyzes Senator
The United States Securities and Exchange Commission (SEC) is reportedly on the verge of approving spot Bitcoin exchange-traded funds (ETFs). This news comes as a relief to at least a dozen asset managers who have been eagerly awaiting the regulatory green light. According to sources, the SEC is expected to inform applicants of its decision
A recent development has left the U.S. Securities and Exchange Commission (SEC) in turmoil. U.S. Congressman Warren Davidson, with the support of House Majority Whip Tom Emmer, has taken a bold stance by advocating for the firing of SEC Chair Gary Gensler in 2024. The rationale behind this move is rooted in allegations of corruption