Crypto companies started out in a regulatory gray area, but the SEC under Chair Gary Gensler has steadily asserted its jurisdiction over the industry, arguing most tokens are securities and should be subject to the same disclosure rules.
"The SEC has not said that BTC, ETH, or stablecoins generally are unregistered securities, and those assets account for at least 75% of crypto's total market cap," said Alex Thorn, Head of Firmwide Research at Galaxy Digital.
Binance disputes the SEC charges. It is the latest in a string of setbacks for Binance including the June 5
decision by the U.S.
Securities and Exchange Commission (SEC) to charge the company with evading securities laws.
However, he noted that the SEC 'has not previously taken on such major crypto players', adding that if the regulator is successful 'the cryptocurrency industry will be transformed'.
June 15 (Reuters) - BlackRock is close to filing an application for
币安交易手续费 a bitcoin exchange-traded fund (ETF), CoinDesk reported on Thursday, citing a person familiar with the matte
r>OKX plans to hire 30 staff, Byun said, after opening an office last month in the Dubai World Trade Center in the business and financial hub of the United Arab Emirate
r>Griffith said: ‘Fantastic news that Andreessen Horowitz - one of the world's most successful tech investment firms - has decided to open their first international office in the
br>There is no more ambe
br>And while previously CoinShares tiered marketplaces as red, amber or green, the system is "very simple now," said Mognet
br>"It's like red or gre
br>U
br>financial regulators this week cracked down on the crypto industry with legal action against Binance, the world's largest cryptocurrency exchange, and cryptocurrency platform Coinba
br>Whether U
br>
courts accept the SEC's classification remains to be seen, but the impacts are already being felt - Robinhood Markets has already said it will remove solana, cardano and polygon from its platform. Market participants say other exchanges may follow su
br>Brent crude futures fell by as much as 0.9% at one point, before reversing course to last trade up 0.5% at $76.35 a barr
br>West Texas Intermediate crude was up 0.36% at $71.53 a barr
br>The move comes at a time when the global cryptocurrency industry has been caught in the crosshairs of the U
br>securities regulator on alleged violations of securities la
br>LONDON, June 7 (Reuters) - Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion of client assets through a Seychelles-based firm set up to take customer deposits, a U
br>Securities and Exchange Commission filing sho
br>Last July, Coinbase disclosed an SEC probe into its asset listing processes, staking programs and yield-generating produc
br>In the first quarter of this year, Coinbase lawyers had been discussing a potential settlement with the SEC that would involve the company paying a penalty, and provide a path to registering with the agency, a source with knowledge of the discussions sa
br>Zhao, a billionaire who is one of crypto's most powerful figures, tweeted on Friday in response to a news story on the French investigation, "FUD" - crypto jargon for news perceived as negati
br>"It's not 'news'," Zhao wro
br>"If territories are willing to come up with a balanced clear transparent approach, OKX would like to be regulated and licensed and operate in that jurisdiction," Byun sa
br>PARIS, June 16 (Reuters) - Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Frid
br>Major US clampdown on crypto fi
br>The top US securities regulator sued cryptocurrency platform Coinbase on Tuesday, marking the second lawsuit in two days against a major exchan
br>Crypto companies, including Coinbase and Binance, dispute the SEC's authority, saying many tokens are more akin to commodities, and have repeatedly called for regulators to create clear rules rather than assert their jurisdiction via enforcement actio
br>BEUC in its complaint filed on Thursday said the proliferation of misleading advertisements of crypto assets on the social media platforms is an unfair commercial practice as it exposes consumers to serious harm such as the loss of significant amounts of money.