SEC Calls FTT Exchange Token a Security
The complaint against Alameda’s Caroline Ellison and FTX’s Gary Wang contains allegations that FTX’s exchange token, FTT, constitutes an investment contract. FTX’s exchange token FTT…
Tag: SEC
SEC, Ripple Call for Immediate Ruling in Suit Over Whether XRP Sales Violated Securities Laws
The U.S. Securities and Exchange Commission and Ripple Labs both filed motions for summary judgment, arguing that a judge overseeing the case has enough information…
SEC Calls 9 Cryptos ‘Securities’ in Insider Trading Case
The SEC and DOJ brought insider trading charges against three people Thursday, but assertions cryptocurrencies are securities may hold greater implications. The U.S. Securities and…
SEC to Add Staff as It Ramps Up Anti-Crypto Scam Efforts
The U.S. securities regulator plans to hire another 20 people to police coin offerings, non-fungible tokens and decentralized finance. The U.S. Securities and Exchange Commission…
SEC Approves Teucrium’s Bitcoin Futures ETF
Teucrium’s approval may hint at a future spot bitcoin ETF approval. The U.S. Securities and Exchange Commission has allowed NYSE Arca and Teucrium to issue…
MicroStrategy Takes $147M Impairment Charge on Bitcoin Holdings in Q4
The software firm recently told the SEC it would revise its disclosures related to adjustments for impairments on its digital assets. MicroStrategy (MSTR) reported a…
Thailand’s Oldest Bank Acquires Majority Stake in Country’s Largest Crypto Exchange
SCB paid $536.6 million for a 51% stake in Bitkub. Siam Commercial Bank (SCB) has acquired a 51% stake in Thai cryptocurrency exchange Bitkub. Thailand’s…
ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday
The SEC gave the go-ahead for bitcoin futures ETFs at the end of last week. ProShares will launch a bitcoin futures exchange-traded fund (ETF) tomorrow,…
SEC Threatened to Sue Coinbase Over Lending Product, CEO Says
The securities regulator is threatening to sue Coinbase should the exchange launch its Lend product, Brian Armstrong claimed in a Twitter thread. U.S.-based cryptocurrency exchange…
Morgan Stanley Loads Up on $240 Million in Grayscale Bitcoin Shares
Morgan Stanley’s recent purchases would make the investment bank the second-largest holder of Grayscale Bitcoin Trust (GBTC). In brief Morgan Stanley is one of the…