The US Securities and Exchange Commission (SEC) has been facing ongoing concerns regarding the Staff Accounting Bulletin No. 121 (SAB 121). Commissioner Hester Peirce has recently voiced her reservations about this regulation, emphasizing the need for a reevaluation of its content and process. Peirce’s comments follow a speech by SEC Chief Accountant Paul Munter, who
Regulation
The US Securities and Exchange Commission (SEC) has been vocal about the need for retail investors to have more timely access to fund portfolio data. The current regulatory framework mandates that registered investment companies provide periodic portfolio holdings data to the Commission and investors. However, this data is often delayed, leaving investors with outdated information,
OpenSea CEO, Devin Finzer, recently announced that the company had received a Wells Notice from the US Securities and Exchange Commission (SEC), raising concerns that the regulator views NFTs on its platform as securities. In response to this, Finzer expressed surprise and shock at the SEC’s aggressive stance towards creators and artists in the NFT
In recent years, France has emerged as a key player in the global crypto landscape, attracting major industry players such as Binance, Crypto.com, and Circle to establish their European headquarters in Paris. This was largely due to France’s favorable tax rates, access to a talented pool of individuals from across Europe, and a strong culture
Abra, a crypto lending firm, recently found itself in hot water with the US Securities and Exchange Commission (SEC) for failing to register its crypto asset lending product, Abra Earn. Despite offering the product in the US and attracting approximately $600 million in assets, the majority of which came from US investors, Abra did not
The DeFi Education Fund and the Blockchain Association have recently taken a stand against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT) by submitting an amicus brief in support of a legal challenge. Their primary argument revolves around the significant privacy and security concerns posed by the CAT. They are particularly worried about
During a recent Crypto4Harris event, Senate Majority Leader Chuck Schumer and other prominent Democrats expressed their unwavering support for the crypto industry. Schumer stressed the importance of regulatory clarity as a key factor in shaping the future of the industry. He emphasized the need for bipartisan collaboration in enacting common-sense regulations for crypto, highlighting his
Gemini co-founder Tyler Winklevoss recently took to X to express his disapproval of Vice President Kamala Harris’ supposed “reset” of her crypto stance, labeling it as a “scam”. This critique follows Winklevoss’ previous criticism of Harris for skipping a roundtable discussion with crypto leaders. In his post, Winklevoss specifically pointed out the Federal Reserve’s enforcement
OKX CEO Star Xu has issued a warning to users regarding the potential risks of interacting with the sanctioned crypto mixer Tornado Cash. In a statement made on August 9 through the social media platform X, Xu highlighted that deposits from sanctioned entities such as Garantex and Tornado Cash, as well as withdrawals to these
The long-anticipated addition of options features to Bitcoin exchange-traded funds (ETFs) in the United States is likely to occur in the fourth quarter, according to Bloomberg ETF analyst James Seyffart. However, Seyffart also mentioned the possibility of this development taking place as early as the third quarter, with a final decision from the US Securities
