Crypto Firm, Industry Group Sue US SEC for ‘Overreach’ on Digital Assets

Crypto Firm, Industry Group Sue US SEC for ‘Overreach’ on Digital Assets

A Texas cryptocurrency company and an industry group sued the U.S. Securities and Exchange Commission on Wednesday, saying the regulator has overstepped its authority and asking a judge to rule that digital assets traded on exchanges are not securities. Fort Worth-based crypto company Lejilex and lobbying group Crypto Freedom Alliance…

US SEC to Approve Ethereum ETF in May, Standard Chartered Predicts

US SEC to Approve Ethereum ETF in May, Standard Chartered Predicts

The US Securities and Exchange Commission is likely to allow exchange-traded funds to hold the cryptocurrency Ethereum in May, Standard Chartered predicts. May 23 is the last date by which the agency must consider ETF applications from VanEck and Ark 21Shares, the bank said in a research report Tuesday. The…

US SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal

US SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal

Wall Street’s top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend with the mounting cost and frequency of cyber attacks. The five-member US Securities and Exchange Commission was…

US SEC Developing Rules to Govern Use of AI on Trading Platforms

US SEC Developing Rules to Govern Use of AI on Trading Platforms

Wall Street’s top regulator is developing rules to govern the use of artificial intelligence on trading platforms, which poses a risk of conflicts of interest, the agency chief said in a speech on Monday. The US Securities and Exchange Commission will also need “new thinking” to confront challenges to financial…

Nasdaq Refiles BlackRock’s Bitcoin ETF Application With SEC: Details

Nasdaq Refiles BlackRock’s Bitcoin ETF Application With SEC: Details

Nasdaq refiled an application with the U.S. securities regulator to list an exchange-traded fund by BlackRock that will reflect the price of bitcoin to add additional details, according to a filing made public on Monday. The refreshed filing, submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, said…

Binance to Leave Netherlands After Failing to Meet Registration Requirements

Binance to Leave Netherlands After Failing to Meet Registration Requirements

Binance, the largest cryptocurrency exchange, said on Friday that it was leaving the Dutch market because it had been unable to meet registration requirements to operate as a virtual asset service provider. It is the latest in a string of setbacks for Binance including the June 5 decision by the…

Binance Operations Declared Illegal by Nigerian Market Regulator, Asked to Discontinue

Binance Operations Declared Illegal by Nigerian Market Regulator, Asked to Discontinue

Nigeria’s markets regulator has ordered the world’s largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal. “Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever,” the Securities and…

Binance.US Halts Dollar Deposits After SEC Crackdown, Asks Customers to Withdraw Dollar Funds

Binance.US Halts Dollar Deposits After SEC Crackdown, Asks Customers to Withdraw Dollar Funds

The US affiliate of Binance said it was halting dollar deposits and gave customers until Tuesday to withdraw their dollar funds, after the US securities regulator asked a court to freeze its assets. Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners…