Digital Assets Archives

Crypto Exchange Backed by Fidelity, Schwab and Citadel Launches With Additional Investors

Jack J. Kelly Bitcoin, Cryptocurrency, Digital Assets, ETF June 23, 2023

EDX Markets (EDX), which is backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities, has launched in the U.S. after building out its technology for the past nine months, the company announced Tuesday. “I am proud to announce that EDX Markets (EDX) has successfully ...Read More

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The SEC’s situationship with Binance and Coinbase keeps getting messier

Jack J. Kelly Cryptocurrency, Digital Assets, Regulators, SEC, Securities, Securities and Exchange Commission June 8, 2023

It’s been quite a long week (and it’s not over yet). Unless you live under a rock, you know that the U.S. Securities and Exchange Commission came out guns blazing on Monday and Tuesday, by suing the two largest crypto exchanges, Binance and Coinbase, ...Read More

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Coinbase’s SEC Complaint Draws Allies Depicting U.S. Regulator as Crypto Bully

Jack J. Kelly Cryptocurrency, Digital Assets, Securities and Exchange Commission, Unregistered Securities May 12, 2023

Crypto insiders are tying themselves to Coinbase (COIN) as the company seeks to blow up the U.S. Securities and Exchange Commission’s (SEC) “come in and register” crusade aimed at the digital assets sector. In a series of “amicus” briefs filed this week, several crypto groups are ...Read More

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U.S. Court Orders SEC to Respond to Coinbase Allegations Within 10 Days

Jack J. Kelly Coinbase, Cryptocurrency, Digital Assets, Regulation, SEC, Securities and Exchange Commission May 5, 2023

The U.S. Securities and Exchange Commission (SEC) has been ordered by a U.S. court to respond to cryptocurrency exchange Coinbase’s (COIN) complaint over how it applies securities laws to digital assets. The Third Circuit Court of Appeals said in a Wednesday filing that the ...Read More

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Gary Gensler’s Old Crypto Lecture Video Stuns Coinbase CEO

Jack J. Kelly Cryptocurrency, Digital Assets, Ethereum, ICOs, SEC, Securities, Securities and Exchange Commission April 26, 2023

A 2018 video of Gary Gensler, former professor at Massachusetts Institute of Technology (MIT) and current chair of the Securities and Exchange Commission (SEC), is making rounds on Twitter where he says that cryptocurrencies are as valuable as commodities or cash and are not securities. What Happened: The video is ...Read More

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First-ever insider trading trial over NFTs set to begin in Manhattan court

Jack J. Kelly Digital Assets, Insider Trading, NFT April 25, 2023

The trial against ex-OpenSea product manager Nathaniel Chastain is set to begin later this week, nearly a year since he was arrested in New York City for wire fraud. Chastain’s arrest came on the tail-end of an FBI investigation into his non-fungible tokens (NFT) dealings, which alleged he had secretly ...Read More

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Do Kwon Challenges SEC’s Jurisdiction in Multibillion-Dollar Crypto Securities Fraud Case

Jack J. Kelly Cryptocurrency, Digital Assets, SEC, Securities and Exchange Commission April 24, 2023

Attorneys defending the co-founder of Terraform Labs, Do Hyeong Kwon, also known as Do Kwon, have presented their argument that says the U.S. Securities and Exchange Commission (SEC) has no jurisdiction in the matter. The legal team asserts that U.S. law precludes regulators “from ...Read More

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New York regulator could set world standard for crypto

Jack J. Kelly Cryptocurrency, Digital Assets, Regulators April 10, 2023

New York regulators are poised to set the benchmark for crypto firms in the U.S. and worldwide with its licensing regime that the crypto industry covets and loathes for its attainability. State of play: Superintendent Adrienne Harris took the helm of the state’s Department of Financial Services in January ...Read More

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SEC Directs Examiners to Focus on How US Broker-Dealers Are Pitching Crypto

Jack J. Kelly Broker Dealer, Cryptocurrency, Digital Assets, Investment Advisers, SEC, Securities and Exchange Commission February 13, 2023

U.S. broker-dealers and investment advisers that deal in crypto will get extra scrutiny from Securities and Exchange Commission examiners this year, according to the agency’s annual examination priorities announced Tuesday. The SEC-registered investment firms offering or advising about cryptocurrencies will be a focus. The regulator will ...Read More

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SEC reaches $30 million settlement with Kraken

Jack J. Kelly Cryptocurrency, Digital Assets, SEC, Securities and Exchange Commission, Staking February 10, 2023

The Securities and Exchange Commission has reached a $30 million settlement with the cryptocurrency platform Kraken that will force it to unwind a program offering investment returns to US users who committed their digital assets to the company. That practice, known as “staking,” reflected ...Read More

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