US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently addressed the need for specialized S-1 registration forms tailored specifically for digital asset securities. Speaking at the Korea Blockchain Week 2024 event, Uyeda highlighted the importance of updating regulatory tools to accommodate the unique characteristics of digital assets. The current S-1 form, required by
Regulation
The US Securities and Exchange Commission (SEC) has recently raised concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which involves repaying creditors through stablecoins or other digital assets, has sparked apprehension from the SEC regarding potential violations of federal securities laws. The SEC’s filing on Aug. 30 indicated that
Pavel Durov, the CEO of popular messaging app Telegram, recently found himself in legal trouble in France. After being released from prison, he was placed under judicial supervision with strict conditions, including a hefty €5 million bond. The Paris Judicial Court charged Durov with several offenses, such as involvement in illegal transactions and money laundering.
Congressman Wiley Nickel has recently criticized the US Securities and Exchange Commission (SEC) for its “regulation by enforcement” approach. According to Nickel, this approach undermines trust in the regulatory system and risks stifling digital innovation across the US. He has been pushing for a regulatory framework for the crypto industry to ensure customer protection. The
The US Securities and Exchange Commission (SEC) has pointed out the importance of retail investors having access to up-to-date fund portfolio data. The current regulatory framework requires registered investment companies to provide periodic portfolio holdings data to the Commission and investors, but this data is often delayed. This delay impacts millions of US households, leaving
The Financial Times reported that crypto firms are increasingly turning away from the UK due to burdensome and time-consuming regulatory processes. According to law firm Reed Smith, registrations for crypto exchanges and custodian wallet providers with the Financial Conduct Authority (FCA) have dropped by more than 50% in the past three years. This decline signals
The Nigerian Securities and Exchange Commission (SEC) has recently approved two local crypto exchanges, namely Busha Digital Limited and Quidax, to operate under the Accelerated Regulatory Incubation Program (ARIP). This initiative is part of the SEC’s efforts to encourage innovation and protect investors in the digital asset space. The Approval-in-Principle granted to Busha Digital Limited
OpenSea CEO Devin Finzer recently revealed that the company has received a Wells Notice from the SEC, raising concerns about the classification of NFTs as securities. This move has sparked outrage within the NFT community, with Finzer expressing surprise at the regulator’s actions against creators and artists. The decision by the SEC to target NFTs
France has long been considered a hub for crypto businesses, with major players such as Binance and Crypto.com establishing their European headquarters in Paris. The country has enjoyed favorable tax rates, a talented workforce, and a strong culture of innovation in the Web3 space. Additionally, France was quick to implement clear regulations for the crypto
The US Securities and Exchange Commission (SEC) recently filed settled charges against Abra, a crypto lending firm, for failing to register its crypto asset lending product, Abra Earn. The SEC also filed settled charges against Plutus Lending LLC, Abra’s owner, for operating as an unregistered investment company. Stacy Bogert, Associate Director of the SEC’s Division
