Senator Cynthia Lummis has been a leading advocate for pro-crypto legislation in the US. She firmly believes that the crypto market has the potential to play a significant role in the country’s economy, as long as the opportunity is not wasted. Lummis has been working diligently to educate her colleagues in Congress about digital assets,
Regulation
In a surprising turn of events, the US District Court for the District of Utah has dismissed the SEC’s case against DEBT Box without prejudice. Along with this decision, the court has imposed over $1.8 million in fines against the watchdog for what was deemed as bad faith conduct. These fines, in the form of
The European Securities and Markets Authority (ESMA) has recently brought to light the issue of Maximum Extractable Value (MEV) as a form of illegal market abuse under the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. This development has significant implications for the crypto industry as a whole. Prominent commentator on crypto regulations,
Coinbase recently filed a motion for an interlocutory appeal with the US District Court for the Southern District of New York on May 24, expressing concerns that the Securities and Exchange Commission (SEC) is attempting to circumvent the Howey test. The Howey test is used to determine whether a particular transaction qualifies as an investment
The recent approval of a spot Ethereum (ETH) exchange-traded fund (ETF) by the SEC in the US could potentially set a precedent for classifying Solana (SOL) as a commodity rather than a security. This distinction between commodities and securities is crucial, as it impacts the ease of ETF applications and approvals. If Ethereum is classified
Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), has recently expressed his strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act. Despite the widespread celebration of this bill within the crypto industry for providing regulatory clarity, Gensler has raised concerns regarding its potential negative impact on
Uniswap Labs recently made headlines with its strong response to the SEC’s Wells notice, challenging the agency’s attempt to regulate decentralized finance (DeFi) and asserting its confidence in the legality of its operations. The company’s defiant stance has sparked a broader discussion about the future of financial technology and market regulation, raising important questions about
In a recent development, a Kraken executive has denied rumors of the exchange planning to delist Tether’s USDT stablecoin in Europe. Global Head of Asset Growth & Management Business, Mark Greenberg, stated that the company is exploring all options to continue offering USDT under the upcoming regulatory regime. He emphasized that Kraken will adhere to
Recent developments regarding spot Ethereum ETF applicants have sparked optimism among investors and analysts. The SEC has requested updates to 19-b4 filings, leading to speculation that the pending applications may not be denied after all. ETF analysts such as Eric Balchunas and experts like Nate Geraci believe that the SEC could approve exchange listing rules
Crypto exchange Coinbase has expressed optimism regarding the approval of spot Ethereum ETFs by the SEC. Analyst David Han believes that there is a 30% to 40% chance of approval by the end of the month. Han points to the correlation between CME futures products and spot exchange rates as a factor that could lead