SEC

Highlights: FTX creditor activist Sunil Kavuri estimates that FTX could reimburse 10% to 25% of lost crypto. The restructuring plan faces opposition, prioritizing equity holders over creditor repayments. The upcoming court hearing on October 7 may trigger significant market volatility. […]

Highlights: Senator Lummis criticizes SEC’s crypto regulations, calling for clear guidelines to reduce uncertainty for digital asset companies. She advocates for Bitcoin and Ethereum to be regulated by the CFTC as commodities, not securities under the SEC. Lummis urges Congress […]

Highlights: The SEC settled charges against Mango DAO and Blockworks for unregistered MNGO token sales. Both entities raised over $70 million without complying with federal securities laws. Mango DAO and Blockworks will pay $700,000 in penalties and destroy their MNGO […]

Highlights: Base’s total value locked has surged to $2.08 billion, showcasing a remarkable 370% growth and solidifying its position in DeFi.  Aerodrome and Uniswap significantly contribute to Base’s growth, indicating the rising importance of decentralized exchanges in the Layer 2 […]

Highlights: A former SEC lawyer indicates the agency is likely to appeal the Ripple ruling on XRP programmatic sales. The SEC disagrees with Judge Torres’s decision that XRP sales to retail investors are not securities transactions. Legal experts argue the […]

Highlights: BNY Mellon gains SEC approval for broader crypto custody, enhancing asset security.  This move positions the bank to capitalize on the growing crypto custody market.  However, criticism arises regarding perceived preferential treatment under regulatory guidelines. Bank of New York […]

Highlights: Gensler affirms Bitcoin as a commodity, distinguishing it from other digital assets classified as securities. SEC aims to enhance transparency and enforce stricter regulations on ICOs and crypto firms. The crypto community debates the SEC’s stance on balancing innovation […]

Highlights: SEC delayed the decision on Ethereum ETF options until November 2024 for further evaluation. Bitcoin ETFs gain approval and attract inflows; Ethereum ETFs face delays and $620 million outflows. Institutional interest in crypto grows; Morgan Stanley promotes Bitcoin ETFs […]

Highlights: Gensler and SEC commissioners faced their first congressional hearing on crypto oversight since 2019. Congressman Emmer labeled Gensler “destructive” and criticized his crypto enforcement approach at the SEC. SEC Commissioner Peirce argued the agency has failed to provide clear […]

Highlights: SEC settled with TrustToken and TrueCoin over misleading TUSD investment practices. Companies promoted TUSD as securely backed, while funds were invested in a high-risk offshore fund. TrueCoin and TrustToken face financial penalties, including disgorgement and civil penalties, totaling over […]

Highlights: BNY Mellon has received an exemption from the SEC’s SAB 121 accounting guidelines. This exemption will enable BNY to include Bitcoin custody in its business operations. Michael Saylor said bank custody could boost Bitcoin’s market value. Bank of New […]

Highlights: SEC approved Nasdaq’s request for options on BlackRock’s spot Bitcoin ETF. The iShares BTC Trust will trade under the symbol IBIT. The approval of IBIT options reflects growing momentum for spot Bitcoin ETFs in the U.S. market. On September […]