Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInWe Need to Talk About Exchanges That Sell You Coins Like UST
But the post raised a much larger point: Do crypto exchanges like Coinbase have a responsibility to customers when they choose what tokens they offer for sale? Should exchanges warn customers about projects or tokens regarded as questionable by their own staff? Or is an exchange’s role more neutral, simply listing tokens and letting customers […]
SEC’s Gensler Says Crypto Exchanges Trading Against Clients
The US Securities and Exchange Commission chair reiterated Tuesday that most digital assets fall under his agency’s purview and venues trading them should register with the regulator. The SEC is also beefing up its enforcement efforts, he added. Speaking in an interview with Bloomberg News, Gensler said he’s concerned that crypto exchanges aren’t putting up […]
Crypto platforms that don’t register with the SEC do business ‘outside the law’: Gensler
In a new interview for Influencers with Andy Serwer, the influential SEC chair explained why he views existing law as “straightforward” when it comes to exercising broad influence on issues from a potential spot Bitcoin ETF to the regulation of cryptocurrency platforms more broadly. Gensler is currently urging the biggest cryptocurrency exchanges — like Coinbase […]
SEC: Hester Peirce Says the Time for Approval is Now (2019) – Crypto Daily™
The United States Securities and Exchange Commission (SEC) is currently looking over three Bitcoin exchange-traded funds (ETFs). One of these ETFs was filed just last week in order to keep track of two cryptocurrencies. A commissioner from the SEC said at a Consensus conference on Monday that the time is right for a Bitcoin ETF […]
SEC Approves New Silicon Valley Stock Exchange | PYMNTS.com
One thing LTSE wants to change is the public market’s focus on short-term results, which Ries believes negatively impacts innovation…. Instead, LTSE would have rules to encourage companies to focus on long-term innovation instead of quarterly earnings reports. Not only would the exchange request limits on executive bonuses for meeting short-term goals, but it would […]
SEC’s Crypto Czar Says Exchanges That List IEOs May Face Legal Risks – CoinDesk
Speaking Monday at CoinDesk’s Consensus 2019 conference in New York, Valerie Szczepanik, the SEC’s senior advisor for digital assets and innovation, said cryptocurrency exchanges that facilitate token sales for a fee likely meet the legal definition of securities dealers if the issuer or any of the buyers are based in the U.S. As such, they […]
SEC ‘underwhelmed’ by rate of cryptocurrency exchanges self-reporting
The Securities and Exchange Commission has made it clear that ICOs are securities by its standards and that exchanges trading those assets need to register with the agency. Yet one director said he is surprised by the lack of self-reporting. “We’re underwhelmed by the enthusiasm for coming within the regulatory structure right now,” Brett Redfearn, […]
Crypto Exchanges’ Search for Regulatory Certainty – New York Takes First Mover Advantage – Lexology
The New York State Department of Financial Services (DFS) last week announced that it had authorized Paxos Trust Co. LLC (formerly itBit Trust Co.) to offer a permissioned, blockchain-based post-trade platform settlement service, and has granted a virtual currency license to Genesis Global Trading Inc. With these authorizations, DFS has now approved seven firms for […]
Cryptocurrency Exchange Kraken Will “Probably” Register with SEC
San Francisco-based cryptocurrency exchange Kraken’s chief executive on Tuesday noted that the company will “probably” register with the US Securities and Exchange Commission (SEC) as a broker-dealer and an alternative trading system (ATS). via Cryptocurrency Exchange Kraken Will “Probably” Register with SEC.
Upstart IEX Poised for Approval as New Stock Exchange – WSJ
IEX Group Inc. is poised to win regulatory approval to launch a stock exchange that slows the pace of trading, according to people familiar with the matter, following a decade when government rules and Wall Street’s technology wizards fostered ever-greater speed. The staff of the Securities and Exchange Commission has recommended that the agency approve […]