regulation | ForkLog

ForkLog 12 12.03.2024

Bloomberg Analysts Lower Odds of Spot Ethereum ETF Approval to 35%

Bloomberg experts have reduced the chances of spot ETH-ETF approval in May to 35%. The decline in optimism is due to the SEC’s low engagement in discussions with issuers. The PoS mechanism, price manipulation risks, and the potential classification of the asset as a security pose additional challenges for a positive verdict. Bloomberg analyst Eric […]

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ForkLog 12 11.03.2024

Bitcoin as a Hedge Against Rising US National Debt, Suggests Expert

Bitcoin is the only available refuge from inflation and potential asset confiscation in the US, which are possible due to the unsustainable trajectory of government spending, according to former CTO of Coinbase and general partner at a16z Balaji Srinivasan. BITCOIN > BUDGETING We’re in the looting-the-treasury phase of imperial collapse. The dynamic described below isn’t […]

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ForkLog 21 11.03.2024

Grayscale and Coinbase Discuss ETH-ETF Conversion with SEC

Coinbase presented arguments for converting Grayscale’s Ethereum Trust into a spot ETF. SEC representatives showed little enthusiasm during the discussion. Bloomberg and FOX Business see this as reducing the likelihood of product approval in May. Representatives from Grayscale and Coinbase discussed with the SEC the rule changes necessary to launch an ETF based on the […]

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ForkLog 29 09.03.2024

Wyoming Legalizes DAO Operations

The Governor of Wyoming, USA, Mark Gordon, signed the Decentralized Unincorporated Nonprofit Association Act (DUNA), granting legal status to DAOs. ?Big News?Wyoming just enacted a game-changing law for web3. It creates a new entity for DAOs – the Decentralized Unincorporated Nonprofit Association (DUNA) – that’s been years in the making.@CowrieLLC and I provide everything you […]

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ForkLog 9 06.03.2024

Federation Council Approves Law on International Settlements in Digital Financial Assets

On March 6, the Federation Council approved a law permitting the use of digital financial assets and utilitarian digital rights in international settlements, as reported by TASS. The amendments are made to the laws “On Currency Regulation and Currency Control” and “On Digital Financial Assets”. The document classifies the acquisition and disposal of digital assets […]

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ForkLog 9 04.03.2024

US Court Deems Cryptocurrency Trading as Securities Transactions

In an in absentia ruling on an insider trading case involving Coinbase, a US court determined that trading certain crypto assets on secondary markets constitutes securities transactions. In July 2022, authorities arrested former Coinbase product manager Ishan Wahi and his brother Nikhil, accusing them of insider trading fraud. Samir Ramani, a close friend of the […]

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ForkLog 16 01.03.2024

BIS Issues Guidelines for Global Stablecoin Agreements

The Bank for International Settlements (BIS) has released guidelines for the regulation, supervision, and monitoring of global stablecoin arrangements. The organization described GSC as widely used “stable coins” with potential reach and usage across multiple jurisdictions. “GSCs have the potential to become systemically important in one or many countries,” the document states. The report outlines […]

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ForkLog 16 01.03.2024

SEC’s Peirce Calls for Softer Approach to Cryptocurrency Regulation

The U.S. financial system requires greater decentralization. The regulation and enforcement by the SEC concerning digital assets needs to be softened, stated Commissioner Hester Peirce during the ETH Denver conference. Hester Peirce Fireside: What’s America’s Crypto Future? Presented by @HesterPeirce the SEC Commissioner & moderator MacKenzie Sigalos from @CNBC Watch the full video below ? […]

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ForkLog 87 29.02.2024

Gemini to Pay $37 Million Fine and Return $1.1 Billion to Clients

The cryptocurrency exchange Gemini has committed to returning $1.1 billion to users of its Earn staking program as part of a settlement with the New York State Department of Financial Services. NEW: Superintendent Adrienne A. Harris Secures Commitment from Gemini Trust Company, LLC to Return at Least $1.1 Billion to Earn Program Customers More Here: […]

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ForkLog 66 28.02.2024

Elizabeth Warren Advocates for Equal Rules for Crypto Startups and Tech Giants

To ensure competition, restrictions are necessary for tech giants in the development of AI models, and crypto companies should adhere to the same rules as TradFi. This was stated by U.S. Senator Elizabeth Warren. “If it’s the same type of activity and risk, there should be similar rules […]. I’m not proposing something tougher. I […]

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ForkLog 22 28.02.2024

US Senators Renew Efforts to Ban CBDC Over Privacy Concerns

On February 26, a group of five US senators introduced the “No CBDC Surveillance State Act”, which prohibits the Federal Reserve from directly issuing a digital dollar to citizens. The proposal’s authors are Republican politicians Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun. They express concern that a central bank digital currency […]

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ForkLog 41 27.02.2024

Russia Legalizes Digital Financial Assets for International Transactions Amid Skepticism

Russia has authorized the use of digital financial assets and utility digital rights for international contracts. Experts question the demand for this tool, citing issues with digital financial assets, including liquidity problems. Cryptocurrencies remain a more convenient means of settlement for businesses. On February 27, the Russian State Duma passed in the third reading a […]

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