Regulation

Regulation

FINRA Targets Crypto Communications After FTX Collapse

The Financial Industry Regulatory Authority (FINRA), a U.S. self-regulatory body for brokerage services, is targeting crypto marketing practices in the wake of the collapse of industry juggernaut FTX. The assessment will require firms to provide all retail communication concerning crypto assets distributed between July ...Read More

SEC Commissioner Hester Peirce: FTX’s Collapse Could Finally Be ‘Catalyst’ for Regulation

The crumbling of crypto exchange FTX and its subsequent bankruptcy filing has brought much negative attention for the crypto industry. However, that may be just the wake-up call U.S. lawmakers need, said Hester M. Peirce, a commissioner at the Securities and Exchange Commission (SEC). Peirce, who joined CoinDesk TV ...Read More

SEC’s Hester Peirce: Regulatory Ambiguity Means NFT Projects Must Be ‘Very Careful’

The Securities and Exchange Commission may be poised to crack down on the multi-billion dollar NFT industry—but one of its own doesn’t believe the SEC should be so quick to bring down the hammer. The SEC, according to reports, is currently investigating Yuga Labs—the $4 billion company behind the Bored ...Read More

SEC Chair Gensler says agency is planning greater oversight of crypto markets to protect investors

Securities and Exchange Commission Chair Gary Gensler said on Monday that his agency is aiming to exercise greater regulatory oversight of the $2 trillion cryptocurrency market to protect investors from an onslaught of scams. In a speech delivered virtually, Gensler said the SEC plans to register and ...Read More

SEC Proposes to Redefine “Exchange”—New Definition Could Subject Blockchain Crypto Platforms to SEC Regulation

The Securities and Exchange Commission (“SEC” or “Commission”) has released a proposal to amend Exchange Act Rule 3b-16, Regulation ATS, and Regulation SCI.1  Criticized by SEC Commissioner Hester Peirce as “too wide-ranging” and “unwieldy” with too short of a comment period,2 the proposed rule, which ...Read More

Bitcoin evangelist Michael Saylor says clear crypto regulations would speed institutional adoption

Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday. “Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of that asset,” Saylor said on “Squawk on the ...Read More