Regulation Archives - Page 2 of 2

Lawyers see crypto regulation coming in 2023 because industry needs to rebuild trust

Jack J. Kelly Cryptocurrency, Regulation November 29, 2022

Despite an uneven year in the crypto markets, many market participants are unperturbed about the long-term health of the sector and say that legal frameworks in 2023 could restore trust in the industry. “Crypto will recover,” Katherine Dowling, general counsel member at Bitwise Asset Management, ...Read More

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SEC chair’s crypto oversight strategy in question as ecosystems collapse

Jack J. Kelly Cryptocurrency, Regulation, SEC, Securities and Exchange Commission November 29, 2022

While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ecosystems over the past year — FTX, Celsius, Voyager and Terra. Congressman Tom Emmer showed concerns about ...Read More

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FINRA Targets Crypto Communications After FTX Collapse

Jack J. Kelly Advertising Review, Cryptocurrency, FINRA, Marketing Review, Marketing Rule, Regulation November 23, 2022

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

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

Jack J. Kelly Bankruptcy, CFTC, Cryptocurrency, Regulation, SEC November 14, 2022

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

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

Jack J. Kelly NFT, Regulation, SEC, Securities and Exchange Commission October 31, 2022

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

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FTX, Sam Bankman-Fried Under Investigation by Regulators

Jack J. Kelly Investigation, Regulation, Securities October 18, 2022

Cryptocurrency exchange FTX, its FTX US division, and founder and CEO Sam Bankman-Fried are being investigated by Texas regulators over potential securities violations, according to a state filing. Regulators are probing whether yield-bearing accounts offered by FTX US should be considered unregistered securities, as described ...Read More

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Can Compliance Be a Revenue Generator?

Jack J. Kelly Compliance, RegTech, Regulation, Revenue September 15, 2022

Regulations and compliance burdens have always been a necessary cost of doing business for most advisory firms, even as technology has made the function more efficient and streamlined. But can a focus on strong compliance—with high levels of cybersecurity protection and succession plans, for instance—move from being ...Read More

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The head of the SEC says most cryptocurrencies are operating illegally

Jack J. Kelly Cryptocurrency, Regulation, Securities and Exchange Commission, Stabelecoins September 9, 2022

There’s a legal test US regulators use to determine what qualifies as an investment contract, and therefore should be regulated by the US Securities and Exchange Commission. And the head of the SEC says most cryptocurrencies pass it. “Of the nearly 10,000 tokens in ...Read More

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