Sen. Elizabeth Warren recently made comments that have drawn significant backlash from the cryptocurrency community. Her remarks, based on a report from the U.S. Government Accountability Office (GAO), suggested that cryptocurrency is being used by “rogue nations” to evade sanctions and pose threats to national security. However, many in the crypto community argue that her
Regulation
The U.S. Securities and Exchange Commission (SEC) has recently initiated a comment period on proposals related to options trading on Bitcoin exchange-traded funds (ETFs). This article aims to provide an analysis of the SEC’s proposed rule changes and their potential impact on the cryptocurrency market. Proposed Rule Change for Nasdaq One of the SEC notices
The U.S. Securities and Exchange Commission (SEC) recently announced that it has delayed its decision on Fidelity’s proposed spot Ethereum ETF. This decision pertains to a proposed rule change that would permit Cboe BZX to list and trade shares of Fidelity’s planned fund. Originally filed on November 17, 2023, the proposed rule change was published
In the ongoing court battle between Coinbase and the U.S. Securities and Exchange Commission (SEC), a hearing was held on January 17th to discuss the charges brought against Coinbase. The SEC accused Coinbase of operating an unregistered national securities exchange, broker, and clearing agency, as well as conducting an unregistered sale and offering of securities
With the increasing misuse of cryptocurrency mixers for illicit financial activities, South Korean financial authorities are considering the implementation of specific regulatory measures to curb money laundering by criminal organizations. Originally designed to protect privacy, mixers are now being exploited by criminals, posing a significant risk to the country’s financial system. Cryptocurrency mixers, also known
The U.S. Securities and Exchange Commission (SEC) has recently announced that it will be delaying the trial against Terraform Labs and its former top executive. This decision comes after the regulator deemed it appropriate to accommodate the co-founder, Do Kwon, who intends to attend the trial. Originally scheduled for January 29, the trial has been
The Financial Services Commission (FSC) of South Korea has expressed concerns regarding domestic securities firms that broker overseas-listed Bitcoin spot exchange-traded funds (ETFs). In a notice released on January 12, the regulatory body acknowledged the emerging regulatory regime for the crypto industry in the country but warned that the brokerage services for these foreign ETFs
Grayscale, a prominent digital asset management firm, has recently made a significant move in the cryptocurrency market. On January 11, the company submitted a filing to introduce a Bitcoin covered call exchange-traded fund (ETF). This decision demonstrates Grayscale’s unwavering commitment to the growth of its product offerings and the broader ecosystem surrounding Bitcoin. Grayscale’s proposed
The U.S. Securities and Exchange Commission (SEC) has given its approval to Grayscale’s spot Bitcoin ETF proposal, marking a significant milestone for both GBTC investors and the potential transformation of the crypto industry. Grayscale CEO Michael Sonnenshein expressed his gratitude, acknowledging the patience and support of GBTC investors and the dedication of Grayscale and its
Decentralized Finance (DeFi) has become the latest buzzword in the world of cryptocurrencies and blockchain technology. While it promises to revolutionize the financial industry by eliminating intermediaries and increasing accessibility, a new report released by the CFTC’s Digital Assets and Blockchain Technology Subcommittee sheds light on the risks and challenges inherent in this emerging field.
