Recently, the US Securities and Exchange Commission (SEC) charged and settled with hedge fund Galois Capital Management LLC over a private fund managed by the firm that primarily invested in crypto. The SEC charges are related to Galois Capital allegedly failing to comply with client asset safeguarding requirements, particularly crypto that the regulator labeled as
Regulation
Pavel Durov, the CEO of Telegram, has recently been released from prison but placed under judicial supervision with several conditions. He is required to deposit a €5 million bond and is prohibited from leaving French territory. Additionally, Durov must report to the police station twice a week as part of his bond agreement. The Paris
Congressman Wiley Nickel from North Carolina has recently taken a stand against the US Securities and Exchange Commission (SEC) for their “regulation by enforcement” approach. He believes that this method is damaging trust in the regulatory system and could potentially hinder digital innovation in the country. Nickel has been a strong advocate for the crypto
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 However, this data is often delayed, leaving investors with outdated information,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
The Indian government is gearing up to implement comprehensive regulations for the cryptocurrency sector, as per reports from local media. The proposed plan involves releasing a consultation paper in the upcoming weeks to gather feedback from various stakeholders, marking the initial step towards establishing a regulatory framework for digital currencies in India. The move to
German authorities have recently made a significant move by confiscating $28 million in cash and 13 crypto ATMs in a coordinated nationwide operation. This action, led by the Federal Financial Supervisory Authority (BaFin), aims to combat unlicensed activities within the rapidly expanding crypto market in the country. The operation, carried out in collaboration with law
