regulation | ForkLog

ForkLog 7 28.06.2024

US Supreme Court Grants Right to Jury Trials in SEC Fraud Cases

Defendants accused of fraud by the SEC are entitled to a jury trial in federal court. This decision was made by the U.S. Supreme Court, reports FOX Business journalist Eleanor Terrett. ?BREAKING: The Supreme Court has just ruled in a 6-3 vote that when the @SECGov seeks penalties for fraud, a defendant is entitled to […]

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ForkLog 45 27.06.2024

Coinbase Sues SEC and FDIC Over Lack of Transparency

The exchange accused regulators of failing to comply with the Freedom of Information Act. The company perceived the actions of the agencies as a targeted campaign against the digital asset industry. Coinbase has filed a lawsuit against the SEC and the FDIC over their attempts to “cut off” the crypto industry from the banking sector, […]

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ForkLog 20 27.06.2024

Nigerian SEC Demands Crypto Firms Register Within 30 Days

On June 21, Nigeria’s SEC announced that cryptocurrency firms operating in the country must re-register their activities or face enforcement actions. This new registration requirement is linked to changes in the rules governing the issuance of digital assets, platforms, exchanges, and custody concerning virtual asset service providers (VASP). “All existing and potential VASPs are required […]

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ForkLog 12 26.06.2024

Legal Expert Criticizes UAE’s New Cryptocurrency Regulations

The updated regulations in the UAE could potentially ban cryptocurrency payments in the country. This conclusion was reached by legal expert Irina Khiver. She referred to the approval on June 5 by the board of directors of the UAE Central Bank (CBUAE) of amendments to the regulation on the supervision and licensing of stablecoins. According […]

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ForkLog 18 26.06.2024

Ripple CEO Warns SEC Policy Could Cost Biden the Election

The approach of SEC Chairman Gary Gensler may lead to Joe Biden’s defeat in the upcoming U.S. presidential election in November, according to Ripple CEO Brad Garlinghouse. Absolute nonsense coming from @GaryGensler today. And this slander about “all crypto execs going to jail” from the man who completely missed FTX (and actually cozied up to […]

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ForkLog 29 25.06.2024

AI to Assist Italian Regulator in Monitoring Financial Markets

The Italian Securities and Exchange Commission (CONSOB) is testing artificial intelligence to approve prospectuses and detect insider trading, according to Reuters.

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ForkLog 11 20.06.2024

ConsenSys to Persist in Legal Battle with SEC

ConsenSys is determined to achieve greater regulatory clarity regarding cryptocurrencies and will continue its legal battle with the SEC in court. This was reported by FOX Business journalist Eleanor Terrett, citing the company’s founder, Joseph Lubin. ?NEW: I reached out to @Consensys founder @ethereumJoseph for comment on the @SECGov dropping its investigation into $ETH and […]

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ForkLog 39 19.06.2024

SEC Concludes Investigation into Ethereum’s Status

The regulator has closed its investigation into Ethereum 2.0. ETH-ETF issuers described recent S-1 application adjustments as “light”. The Enforcement Division of the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, according to a statement from ConsenSys. ETHEREUM SURVIVES THE SEC. Today we’re happy to announce a major win for […]

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ForkLog 17 18.06.2024

Regulatory Era: EU to Exclude Stablecoins, South Korea Targets Altcoins

The cryptocurrency exchange Uphold will delist USDT and five other stablecoins for Europeans under MiCA. The South Korean regulator has mandated a review of 600 altcoins listed on licensed trading platforms in the country. Starting July 1, the cryptocurrency exchange Uphold will cease support for stablecoins USDT, DAI, FRAX, GUSD, USDP, and TUSD for users […]

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ForkLog 13 17.06.2024

Australia’s Stock Exchange to Launch First Spot Bitcoin ETF

On June 20, the Australian Stock Exchange (ASX) will witness the debut of its first spot Bitcoin ETF. The product from VanEck has been approved for trading, while applications from other issuers are still under review, according to Bloomberg. BetaShares Holdings Pty and DigitalX Ltd are awaiting approval. A representative from the former informed the […]

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ForkLog 12 14.06.2024

Gary Gensler Predicts Timeline for Ethereum-ETF S-1 Approvals

The SEC head suggested the registration of S-1 forms for an ETH-ETF could occur by summer’s end. The absence of staking in an Ethereum-based ETF may limit institutional demand for the product. JPMorgan expressed doubts about sustaining high inflows into BTC-ETFs. Approval of the S-1 for an Ethereum-ETF is possible “by the end of this […]

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ForkLog 10 07.06.2024

Russia’s Central Bank to Implement Currency Control on Digital Financial Assets

The Bank of Russia plans to extend currency control to transactions involving digital financial assets (DFA). This information comes from Vedomosti, citing a draft directive from the regulator. According to the document, the central bank proposes to require both residents and non-residents to register foreign trade contracts, settled through digital rights, with an authorized bank. […]

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