Crypto Evening Briefing: Cathie Wood's ARK Buys Over $13M of Coinbase Shares
Investment manager ARK has added a total of around $13.2 million worth of Coinbase (COIN) shares.
Crypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators: JPMorgan
Recent regulatory initiatives have shown the Securities and Exchange Commission’s (SEC) dominant position in the U.S. in regulating the digital assets space, JPMorgan (JPM) said in a research report last week.
SEC Objects to Binance.US’ $1B Voyager Deal, Alleging Sale of Unregistered Securities
A $1.02 billion deal by Binance.US to purchase assets of defunct crypto lender Voyager has been opposed by New York and Federal finance regulators, who said in Feb. 22 filings it could prove discriminatory and unlawful.
Crypto Body Takes Action Against US SEC Chair Gary Gensler For Crypto Crackdown
Crypto trade association Chamber of Digital Commerce takes action against the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler for its “regulation by enforcement” campaign threatening the U.S. digital assets market and investors.
SEC Has to Clarify What’s Permissible for Staking, Former CFTC Chair Says
It remains unclear whether the U.S. Securities and Exchange Commission’s (SEC) enforcement action against cryptocurrency exchange Kraken represents a broader crackdown on staking, according to Timothy Massad, former Commodity Futures Trading Commission (CFTC) chairman. Kraken’s staking programs, however, are rather different from those offered by other platforms, and “we don’t know at this time whether it was just those features that caused the SEC to bring that action or whether this does represent a broader attack on staking,” Massad said. (forkast)
XRP Lawyer Explains SEC’s Flaw Over Ripple Payments
Attorney John Deaton, who represents the XRP holders, reiterated that the SEC’s argument on XRP’s credentials in the On Demand Liquidity service is flawed. Responding to this mention in the SEC’s Daubert motion, Deaton found fault with calling XRP holders as ‘underwriters’. The SEC’s motion said the users of XRP on demand liquidity service were acting as underwriters as they immediately resold XRP into public markets. The Attorney reacted saying,
Ripple Vs SEC: Forbes Contributor Amends Motion Requesting Access to Hinman Documents
Forbes contributor and policy researcher Dr. Roslyn Layton has filed an amended motion to gain access to the hotly contested Hinman documents in the United States Securities and Exchange Commission case against Ripple.
Firm Behind Binance's BUSD Stablecoin in Talks with the SEC
Paxos, a blockchain infrastructure platform and the issuer of Binance’s stablecoin Binance USD (BUSD), is in talks with the U.S. Securities and Exchange Commission over its decision to consider the stablecoin a security.
Attorney Deaton Says Ripple Could Pay $250M to Settle With SEC
Attorney Deaton thinks the blockchain company could pay as much as $250 million to settle with the SEC.
Retail Investors Could Have Made $1.5B More, Says SEC Chair Gary Gensler
Gensler said more than 90% of retail investors’ marketable orders are routed to a small group of off-exchange wholesalers.
