Ari Redbord, Head of Legal and Government Affairs at TRM Labs, talks about the sanctions on Tornado Cash, and the role of blockchain analytics tools in crypto. Show highlights: Ari’s background as a federal prosecutor and his work for the US Treasury why regulators sanctioned Tornado Cash, according to Ari why the Ronin hack was important for regulators to start taking DeFi hacks...
Since the end of 2020, the United State Security and Exchange Commission and Ripple Labs have been in a lawsuit. The SEC filed the case against Ripple, claiming it failed to register its token, XRP, as security. The issue has taken different turns and twists from the period until now. Through the processes of the lawsuit, there have been several claims, rulings, and...
Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. In this episode, Laura Shin, host of Unchained and author of The Cryptopians, also joined the conversation. Show topics: What Tornado Cash is and why it got sanctioned by the OFAC The difference between Tornado Cash and...
The U.S. Securities and Exchange Commission announced charges against organizations associated with Dragonchain as well as its chief architect John Joseph Roets for allegedly generating $16.5 million through "unregistered crypto asset" securities offerings. The court petition accuses the defendants of breaching the Securities Act of 1933 by amassing millions of dollars in 2017 through the sale of Dragon (DRGN) tokens in an initial...
Dragonchain once had big ambitions to bring the magic of blockchain technology to businesses around the country. Today, the Securities and Exchange Commission is charging the project and its founder,...
The SEC has charged Dragonchain with selling $16.5 million in unregistered securities; Dragonchain founder and CEO Joe Roets says he has a "very strong case" against the charges. SEC Charges...
Surojit Chatterjee, chief product officer at Coinbase, comes to talk about what products Coinbase is building, how it can thrive in such a competitive landscape, how to onboard billions of users into crypto, and much more. Show highlights: how Surojit got into crypto and ended up at Coinbase what sets Coinbase apart from the competition how to bring billions of customers to crypto...
As the Ripple-SEC case continues, a Magistrate Judge has granted approval to the defendant to authenticate some critical videos provided by the SEC officials. Ripple has been granted permission by Magistrate Judge Sarah Netburn to serve non-party subpoenas on video hosting services in order to authenticate some films of senior Securities and Exchange Commission officials […] The post...
Coinbase has been involved in multiple private and public spats with the U.S. Securities and Exchange Commission over the past year. Coinbase Confirms SEC Investigation The SEC subpoenaed Coinbase and...
The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) voted in favour of amendments to Form Private Fund (Form PF), which is required by the Dodd- Frank Wall Street Reform and Consumer Protection Act of 2010).
Form PF was...
The SEC and CFTC cited development in the hedge fund business as the rationale for the proposed adjustment. Large advisers to certain hedge funds would be required to disclose any exposure to digital assets, according to a proposal from the Commodity Futures Trading Commission and the Securities and Exchange Commission of the United States. The […] The post...
US regulators are considering asking hedge funds to disclose their crypto exposure, The Wall Street Journal reported on Aug. 10. The Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) would likely issue a joint proposal asking large hedge funds to use Form PF to report their crypto investments....
The Securities and Exchange Commission and the Commodities Futures Trading Commission are hoping to add new levels to the disclosures they require from large hedge funds and private wealth management...
The Securities and Exchange Commission (SEC) has sent a cease and desist letter to Bloom Protocol (BLT), asking it to register its tokens as securities or risk up to $31 million in fines. In the 18-page letter sent on Aug. 9, the SEC accused Bloom of violating the...
Summary: The U.S. SEC could launch a new policy for hedge funds as crypto adoption grows. Hedge funds might soon be required to report on their exposure to cryptocurrencies. Such firms would do so through the so-called Form PF. Gary Gensler said the move could provide more insight into the operations of large hedge funds and their interaction with the financial industry. The...
Reading Time: 2 minutes A class action lawsuit by XRP holders against the SEC has reached 70,000 members The action was started in January 2021 to protest against the SEC’s classification of XRP as a security The lawsuit blames the charge on the drop in the XRP price...
Forbes reports that a staffer from Senator Lummis’ office said that every exchange in the U.S., and Binance, is being investigated by the SEC. The SEC could be looking at whether these exchanges have been allowing unregistered securities to be listed. The SEC has been adamant that the market does not have unregistered securities. A staffer from the office of United States Senator...
The financial regulator has stepped up its oversight of the digital assets space in recent weeks. U.S. Exchanges Under Investigation Coinbase is not the only cryptocurrency exchange the SEC is...
There is a renewed push for...
The bill seeks to empower the CFTC to regulate bitcoin as a digital commodity while excluding securities from also falling under the same category.A new bill classifying bitcoin as a digital commodity could be introduced today. This move would empower the current watchdog of derivatives and future markets, the CFTC, to gain regulatory jurisdiction over bitcoin.The bill seeks to expand...
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