SEC vs. Binance: Court rules BNB sales, cryptocurrencies not securities
In a major win for the crypto industry, a federal court ruled that cryptocurrency tokens themselves are not securities.
In a major win for the crypto industry, a federal court ruled that cryptocurrency tokens themselves are not securities.
BlackRock’s iShares Bitcoin Trust and the Grayscale Bitcoin Trust — the two largest spot Bitcoin ETFs by net asset value — saw zero flows on Monday.
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics.
The Cardano Foundation and CCRI release MiCA-compliant sustainability indicators in an effort to position Cardano ahead of the regulatory curve with a focus on energy efficiency and transparency.
Tucked away in a footnote as part of a recent statement, the SEC commissioner said his agency’s current approach to crypto does not aid capital formation or protect investors.
The Bahamas was one of the first countries in the world to launch a central bank digital currency — the Sand Dollar in 2020 — and is now looking for ways to boost its adoption.
A GameStop investor who accused Roaring Kitty of committing securities fraud has voluntarily dropped the complaint “without prejudice,” meaning he can file another similar lawsuit again in the future.
According to Foresight News, Circle's co-founder and CEO, Jeremy Allaire, has announced that the company's US dollar stablecoin (USDC) and Euro stablecoin (EURC) are now in compliance with the newly introduced stablecoin regulations, MiCA, in the European Union. The company has officially started issuing these stablecoins to its European customers from July 1st. The new regulations aim to ensure the stability and security of transactions involving stablecoins. Circle's compliance with these regulations indicates its commitment to adhering to international standards and providing secure financial services to its customers. This development is significant as it marks the expansion of Circle's services in the European market, potentially increasing the adoption and use of its stablecoins. It also demonstrates the company's adaptability in conforming to new regulatory environments, which is crucial in the rapidly evolving digital currency landscape.
According to PANews, stablecoin giant Circle has been granted an Electronic Money Institution (EMI) license by French regulators. This license allows Circle to issue EURC and USDC within the European Union, in compliance with the Markets in Crypto Assets (MiCA) regulations. The EMI license is a significant milestone for Circle, as it enables the company to expand its operations within the European Union. The issuance of EURC and USDC will be in line with the MiCA regulations, which are designed to foster innovation while ensuring the stability and integrity of the financial market. This development is a testament to the growing acceptance and regulation of digital currencies in the global financial landscape. It also underscores the importance of regulatory compliance for companies operating in the crypto space.
Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”