Ad Bitwise believes there is currently”no path forward” for a spot Bitcoin ETF with the SEC. Thus the company does not have an application with the regulator at this time, the company’s CIO Matthew Hougan told Pensions & Investments. However, Hougan added that the company plans to launch a spot Bitcoin ETF once regulatory conditions…
Ad Justin Sun said in a series of tweets on March 24 that Huobi believes the effects of recent charges against his other projects have come to an end. On March 22, the U.S. Securities and Exchange Commission (SEC) filed charges against Justin Sun and three companies to which he is linked. Specifically, the SEC…
Ad The founder of crypto-friendly Custodia Bank, Caitlin Long, said regulators would “be playing Whack-a-Mole” with problems if they continued to suppress Bitcoin (BTC). War on crypto Recently, a spate of regulatory enforcement actions raised suspicions of a coordinated attack on the U.S. crypto industry. Most recently when the SEC served Coinbase a Wells Notice…
Ad Coinbase has begun its transition to on-chain staking for four cryptocurrency assets, according to an announcement on March 23. Four assets affected, one discontinued Coinbase’s announcement and an attached help page say that customers will “earn rewards from the protocol, not Coinbase” under the new approach. Th firm says that its only role will…
Ad Several notable cryptocurrency industry figures have come to the defense of Coinbase following the company’s receipt of a Wells notice. Polygon comes to the defense of Coinbase The Wells notice received by Coinbase indicates that the U.S. Securities and Exchange Commission likely intends to file charges against the exchange. In response, Polygon Labs president…
Ad Coinbase moved forward with a Twitter Space on crypto regulation previously planned for Friday following the Wells Notice served to it by the SEC this week. Chris Lehane, SVP of Policy & Communications at Airbnb, kicked off the Twitter space by giving the ‘forward-looking statement’ disclaimer usually reserved for earnings calls and other official…
Ad Congressman Tom Emmer and Darren Soto introduced a bipartisan bill on March 23 called the Blockchain Regulatory Certainty Act to establish more clarity for the crypto industry. Emmer serves as co-chair of the Congressional Blockchain Caucus alongside Soto. He said in the announcement: “Crypto and blockchain technology, by nature, does not easily fit into…
Ad Crypto exchange Uphold, which is integrated into the Brave Rewards program of the Brave browser, has sent an email to customers indicating that it will end its staking services to U.S. customers on April 27, 2023. Following recent moves by the SEC to crack down on crypto-related products and companies, Uphold announced that it…
Ad The US Securities and Exchange Commission (SEC) on March 23 issued a notice highlighting several reasons investors should be wary of investing in crypto assets securities. “Investments in crypto asset securities can be exceptionally volatile and speculative, and the platforms where investors buy, sell, borrow, or lend these securities may lack important protections for…
Ad Circle CEO Jeremy Allaire has warned about the risks facing the crypto market due to exposure to the U.S. Dollar and the regulatory risk in the U.S. financial system. In a March 23 Twitter thread, Allaire said there “seems to be a large-scale risk-off from USD that is exposed to US banks and US…