The team behind the animated series ‘Stoner Cats,’ whose cast includes Mila Kunis, Ashton Kutcher and Vitalik Buterin, has been charged with the sale of unregistered securities over its Stoner Cats NFT.
A recent hearing at the Senate Banking Committee saw Gary Gensler grilled on the SEC's track record, highlighting contrasting attitudes toward the work of the securities regulator and its Chair.
The NFTs that the Los Angeles-based entertainment firm sold in 2021 were securities as the investors expected profits from the actions of the company’s founders, according to the U.S. securities regulator.
In this article, ZeMing Gao looks into the amicus brief for Coinbase, why speculation drives regulators to enact securities laws, and how an asset is classified as a security.
The memo sets the starting point for considering whether Bitcoin is a security: it highlights a speech given by SEC Chairman Jay Clayton in 2018 where he said that Bitcoin does not qualify as a security because it functions as a replacement for currency.
Coinbase's Aug. 4 motion with the U.S. District Court for the Southern District of New York argued that the subject matter of the SEC's complaint "falls outside the agency's delegated authority."
Indonesia's Bappebti also rolled out its clearing house and a depository for digital assets to accompany the national exchange, a move designed to protect the growing number of digital currency investors from industry-related risks.
The federal judge in charge of looking at the SEC v Ripple case dismissed the prospect that secondary market and programmatic sales could amount to securities.
While speculation remains rampant in the 'crypto' industry, not all digital assets traded on exchanges are shams, but this could only be proven through their utility.
U.S. House Committee members give differing takes on two proposed bills focused on regulating digital assets amid the tug-of-war between the SEC and CFTC over their roles in overseeing the industry.
Charges filed by the SEC against Binance and Coinbase spell trouble for the 'crypto' industry dominated by exchanges that offer assets that amount to securities without proper authorization.