As the week nears its end, 11 applicants for spot Bitcoin ETFs have submitted 19b-4 amendment forms. The U.S. SEC faces a looming deadline to approve or deny in just a few days. The U.S. Securities and Exchange Commission has initiated the acceptance of exchange filings, indicating a positive signal for the approval of a […]
The Central Bank of Nigeria has revised its position on cryptocurrency assets within the country, instructing banks to ignore its previous prohibition on crypto transactions. This update is outlined in a circular dated December 22, 2023 (reference: FPR/DIR/PUB/CIR/002/003), signed by Haruna Mustafa, the Director of the Financial Policy and Regulation Department at the central bank. […]
Binance, the global cryptocurrency juggernaut, has gone on the offensive against the U.S. Securities and Exchange Commission (SEC), contesting the regulator’s lawsuit alleging securities law violations. The exchange, alongside its U.S. affiliate Binance.US and CEO Changpeng “CZ” Zhao, filed a motion to dismiss the SEC’s charges. In a bold move, Binance and its co-defendants argue […]
In a significant development in the ongoing legal battle, the US Securities and Exchange Commission (SEC) has encountered a roadblock in its lawsuit against Binance.US, the American arm of the global cryptocurrency exchange Binance. A federal judge has denied the SEC’s request to inspect Binance.US’s software, citing the need for greater specificity and additional witness […]
In a groundbreaking move, the US Securities and Exchange Commission (SEC) has taken its first-ever enforcement action against a non-fungible token (NFT) project, alleging the sale of unregistered securities. The SEC’s scrutiny has fallen upon Impact Theory, a media and entertainment company based in the vibrant city of Los Angeles. In 2021, they raised an […]
In a monumental win for the cryptocurrency industry, Ripple has emerged triumphant in its long-standing legal battle against the US Securities and Exchange Commission (SEC). A huge win today – as a matter of law – XRP is not a security. Also a matter of law – sales on exchanges are not securities. Sales by […]
The Ripple community reacted excitedly on Tuesday after the U.S. Securities and Exchange Commission (SEC) finally released internal documents pertaining to former commissioner William Hinman’s speech on digital assets back in 2018. However, the SEC’s decision to disclose the speech has not only intensified the ongoing legal battle but has also provoked a scathing response […]
In a lightning-fast regulatory crackdown, the US Securities and Exchange Commission (SEC) has cast its regulatory net over two of the world’s most prominent cryptocurrency exchanges, Coinbase and Binance. The SEC wasted no time, filing charges against Coinbase for allegedly functioning as an unregistered broker while designating Cardano (ADA) and other assets as securities. Surprisingly, […]
Binance, the crypto behemoth known for its global reach and dominant position in the market, is facing a storm of controversy as US authorities charge the company with a series of securities law breaches. In what can only be described as an intricate web of deception, Binance is accused of deliberately evading regulations and engaging […]
