Four U.S. officials urged Congress to heighten its regulatory approach toward the digital asset industry by laying out specific recommendations, including expanding the executive branch's power.
The SEC first shot down the ETF application by Ark and 21Shares in March 2022, and though they refiled in May, the regulator still shot it down.
A private placement is the sale of securities to pre-selected, accredited investors as opposed to an offering on public markets (such as via an IPO).
More stringent regulations may be heading toward the Philippines after the SEC bares its plan to ramp up surveillance of the digital asset sector amid a series of Ponzi scam reports.
Sources said the investigation is not new, and the SEC has been interrogating investment advisors' custody of digital assets for some time now, though the information is being kept private.
Avraham Eisenberg faces another charge tied to alleged fraud and market manipulation, this time brought by the U.S. securities regulator, which reiterated won't tolerate individuals or entities violating the securities laws.
Under the latest regulations, VASPs are mandated to create a digital wallet management system, a framework for securing wallet keys, and develop a contingency plan in case of a system anomaly.
The charges on Nexo come with an announcement that it has agreed to settle: they will pay a $22.5 million penalty and cease offering EIP to U.S. investors, and another $22.5 million penalty to state regulators.
The U.S. securities regulator brought 30 digital asset-related enforcement actions, up from 20 in 2021 and the second highest ever after the record-setting 2020.
The U.S. securities regulator has formally charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities in connection with the Gemini Earn digital asset lending program.
Thailand's Securities and Exchange Commission has opened a new investigation into the activities of Zipmex to clarify how its ZipUp/ZipUp+ offerings were administered.
Binance.US will assume control of $1 billion in digital assets frozen last July when Voyager filed for Chapter 11 protection.
