Is Ethereum (ETH) a security under US law?
Buffone Law Group issued the memo warning that Ethereum’s move to proof-of-stake and the Ethereum 2.0 staking programs offered by exchanges amount to illegal securities under the Howey test.
Buffone Law Group issued the memo warning that Ethereum’s move to proof-of-stake and the Ethereum 2.0 staking programs offered by exchanges amount to illegal securities under the Howey test.
The U.S. securities regulator believes the flurry of ETF applications it has received in recent weeks are “inadequate” and thus not likely to receive the regulator’s stamp of approval, the Wall Street Journal reported.
Apart from a surprise appearance by SLictionary founder John 'Jack' Pitts, host Kurt Wuckert Jr. also covered the latest happenings in the Bitcoin space, including the recent BSV blockchain price pump, in this episode.
As Do Kwon deals with life under police custody in Montenegro while awaiting his extradition, Swiss authorities took the initiative to freeze his assets stashed under the care of Sygnum bank.
The bill will clip the SEC’s authority over digital assets, with the CFTC taking a more prominent role, including jurisdiction over ‘crypto’ spot markets.
The U.S. securities regulator has until October 11, 2023, to respond to Coinbase's petition on proposed crypto-specific rules before the Third Circuit move ahead with the ruling.
The digital asset market has its optimism renewed following BlackRock's application to start a spot BTC ETF, but with ETFs' grim history with the SEC, this could prove to be a long shot for the firm.
The FT cited five people with knowledge of the matter, one of whom said exchange execs provided external trading houses with "sworn statements that Crypto.com was in no way involved in trading."
Coinbase customers are complaining about their accounts being closed without any explanation; complaints include quotes from Coinbase that refuse to divulge the justification behind the closures.
Challenges plague Binance since the SEC charges came to light, this time concerning its failure to secure a license in the Netherlands and a probe in France tied to alleged money laundering.
With the latest SEC lawsuits, Binance and other exchanges are in hot water, legally and business-wise, as most reasonable investors turn elsewhere with their capital.
Ripple execs are hyping up the U.S. SEC communications relating to a speech given by Bill Hinman in 2018, in which he said that he did not believe BTC or ETH were securities.