SEC
Coinbase Faces New Lawsuit Over Alleged Securities Sales Deception
Coinbase, one of the leading cryptocurrency exchanges, and its CEO, Brian Armstrong, face a new legal challenge. A new class-action lawsuit alleges that investors were misled into purchasing securities and that the company’s business model violates state laws. The lawsuit, filed in the United States District Court for the Northern District of California San Francisco […]
Patrick McHenry Accuses Gensler of Misleading Congress on Ethereum Classification
House Financial Services Committee Chair Patrick McHenry criticized United States Securities and Exchange Commission (SEC) Chair Gary Gensler on April 30, alleging that Gensler misled Congress about the classification of Ethereum (ETH) during his testimony to the Financial Services Committee last April. McHenry’s allegation comes just a day after unredacted court documents filed by Consensys […]
SEC Postpones Decision on Spot Ethereum ETF Proposals from Grayscale, BlackRock, and Franklin Templeton
On April 23, the US Securities and Exchange Commission (SEC) postponed its decisions on the Grayscale and BlackRock applications for spot Ethereum (ETH) exchange-traded funds (ETFs). The SEC issued notices of the delay in the Grayscale decision and the amending of the BlackRock application just hours after postponing its decision on Franklin Templeton’s proposed spot […]
Coinbase Files Appeal Against SEC Lawsuit Decision
Coinbase has filed a motion to appeal a judge’s ruling from last month that allowed the SEC’s lawsuit against the company to move forward. Coinbase’s chief legal officer, Paul Grewal, announced the appeal in an X post today. The appeal, if granted, would enable the Second Circuit Court to review the US Securities and Exchange […]
SEC Postpones Bitwise and Grayscale Bitcoin ETF Decision
In a recent development, The United States securities regulator has delayed its decision on whether to allow the New York Stock Exchange (NYSC) to offer options trading on spot Bitcoin (BTC) ETFs. This move will directly impact the trading strategies involving the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust. It will also affect any […]
Tron’s Legal Tussle: Defending Foreign Grounds Against SEC
The Tron Foundation, the entity behind the layer-1 blockchain Tron, has filed a motion in a New York federal court to dismiss a lawsuit brought against it by the United States Securities and Exchange Commission (SEC). The Foundation argues that the SEC’s case targets “predominantly foreign conduct” beyond the regulator’s jurisdiction. In its March 28 […]
US Lawmakers Demand SEC Clarify Position On Ethereum in Prometheum Case
In a letter sent on March 26, the chairmen of the US House Financial Services Committee and the House Agriculture Committee asked Securities and Exchange Commission (SEC) chair Gary Gensler to clarify its position on crypto firm Prometheum’s plans to offer institutional custody services for Ethereum (ETH). They requested Gensler because of potential regulatory disparities […]
Philippines to Ban Binance Exchange
The Philippines’ Securities and Exchange Commission (SEC) is blocking local user access to Binance, the world’s largest cryptocurrency exchange, citing concerns over the firm’s unlicensed operations in the country. The ban will take effect within three months to offer investors time to sell any shares they may have acquired through Binance, according to a March […]
Grayscale Seeks to Add Staking for its Proposed Spot Ethereum ETF
Grayscale Investments, the world’s largest crypto asset manager, is seeking to introduce staking to its proposed spot Ethereum (ETH) exchange-traded fund (ETF), according to a preliminary proxy statement filed on March 19. This move mirrors efforts by other firms, like Fidelity, which amended its spot ETH ETF application on March 18 to include staking services. […]