The recent decision by the SEC to close its investigation into Ethereum 2.0 has been met with great enthusiasm within the Ethereum community. This development comes after Consensys sought clarity from the SEC in light of recent approvals of ETH ETFs. Consensys expressed their satisfaction with the SEC’s decision, stating that it is a major
Regulation
The US Securities and Exchange Commission (SEC) has expressed concerns over the status of Circle’s stablecoin, USDC, as the company aims to go public through a multi-billion dollar initial public offering (IPO). Regulatory documents cited by Barron’s on June 18 reveal that the SEC’s worries primarily revolve around the potential classification of USDC and other
South Korea’s Financial Supervisory Service (FSS) has recently made headlines with its stance on the regulation of digital assets on local crypto exchanges. The FSS’s directive to evaluate tokens listed on exchanges has caused speculation and concern among investors, leading to fears of possible delisting of up to 600 altcoins. The Virtual Asset User Protection
David Hirsch, the enforcement chief at the SEC, recently announced his departure from the agency after almost nine years of service. During his tenure, Hirsch led the Crypto Assets and Cyber Unit in the Division of Enforcement. This unit was responsible for handling numerous crypto cases, totaling at least 45 during his leadership. Before leading
Throughout history, the evolution of currency has played a crucial role in shaping societies. From bartering systems to standardized coins and paper money, currencies have been essential in organizing and advancing civilizations. However, the shift to fiat currency post-World War II has led to significant challenges. Fiat money, which derives its value from government backing
Asset tokenization, particularly the tokenization of securities, has been gaining attention in the financial sector. This article will examine the potential benefits and challenges associated with asset tokenization, as discussed by industry experts. SEC commissioner Mark Uyeda has highlighted several benefits of asset tokenization. He emphasized that representing asset rights with digital tokens on a
The European Banking Authority (EBA) recently released detailed guidelines aimed at addressing recovery plans specifically for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) within the framework of the broader Markets in Crypto-Assets (MiCA) regulation. These guidelines are a crucial step in regulating the growing crypto-assets market in the European Union. The guidelines mandated
Coinbase has come forward to express its objections towards the SEC’s proposed $2.6 billion budget for the 2025 fiscal year. The cryptocurrency exchange pointed out that the SEC’s request for increased funding is primarily geared towards enforcement activities rather than towards fostering regulatory clarity in the crypto space. In a statement to CryptoSlate, a representative
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, recently addressed the Senate Committee on Appropriations regarding the agency’s capacity to take on additional responsibilities in the crypto space. Behnam confidently stated that the CFTC is well-equipped to handle new crypto commodities within its jurisdiction. He emphasized that there is a regulatory gap
In the wake of a $4.5 billion settlement with the SEC, Terraform Labs CEO Chris Amani announced that Terra will transition into a community project as the company prepares to wind down its operations. Amani emphasized the importance of the community taking ownership of the chain moving forward. He noted that certain teams and developers