Senator Cynthia Lummis has been a vocal advocate for pro-crypto legislation and believes that the crypto market will play a significant role in the US economy. She emphasizes the importance of not squandering the opportunity that digital assets present. Lummis, along with other pro-crypto lawmakers, has worked tirelessly to educate their colleagues in Congress about
Regulation
The US District Court for the District of Utah has made a significant decision in the case involving the Security and Exchange Commission (SEC) versus DEBT Box. The court has dismissed the case without prejudice and imposed fines amounting to over $1.8 million on the SEC for bad faith conduct. These fines, which include attorney
The European Securities and Markets Authority (ESMA) has recently brought attention to Maximum Extractable Value (MEV) as a form of illegal market abuse within the context of the proposed Markets in Crypto-Assets (MiCA) regulation. This development, highlighted by crypto regulation commentator Patrick Hansen, has significant implications for the crypto industry as a whole. ESMA’s draft
Recently, the U.S. District Court for the Western District of Texas issued a partial summary judgment in favor of the Securities and Exchange Commission (SEC) in a case against crypto influencer Ian Balina. The court ruled that Balina had offered and sold SPRK Tokens as securities in unregistered transactions, thereby violating US securities laws. This
The cryptocurrency market is eagerly anticipating the approval of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US, as it could have far-reaching implications for the classification of other digital assets such as Solana (SOL). A recent Bernstein report highlighted the potential consequences of such approvals, particularly in distinguishing between cryptocurrencies as securities or commodities.
SEC Chairman, Gary Gensler, has recently expressed his strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act, which has been praised for its potential to bring regulatory clarity to the crypto industry. Gensler argues that the bill, if passed, would actually weaken the current consumer protections in the crypto market.
Uniswap Labs has recently come out with a bold and defiant response to the Securities and Exchange Commission’s (SEC) Wells notice, pushing back against the agency’s attempts to regulate decentralized finance (DeFi). In a blog post on May 20, the company stated that it firmly believes it is in the right and is ready to
Recent developments in the approval process for spot Ethereum exchange-traded funds (ETFs) have sparked greater optimism among industry experts. The Securities and Exchange Commission (SEC) has requested spot Ethereum ETF applicants to update their 19-b4 filings, prompting speculation that approvals may be on the horizon. Bloomberg ETF analyst Eric Balchunas hinted that the SEC might
Coinbase, one of the leading cryptocurrency exchanges, has stated that they believe there is a 30% to 40% chance of the SEC approving spot Ethereum ETFs by the end of the month. This prediction comes from their Institutional Research Analyst, David Han. He pointed out that the correlation between CME futures products and spot exchange
Oklahoma made history by becoming the first state in the United States to legally protect the right to self-custody Bitcoin. This move was solidified through the signing of a new bill by Republican Governor Kevin Stitt, known as the ‘Bitcoin Rights’ bill – HB3594. The legislation aims to ensure that residents of Oklahoma have the
