Tag: SEC

SEC to Abandon Plans Requiring Crypto Exchanges to Register as ATSs

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SEC looking to abandon effort requiring crypto firms to register as exchanges

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A proposed rule change pushing for some crypto firms to register as exchanges could be abandoned under a new directive from the acting chairman of the US Securities and Exchange Commission.  During a March 10 speech at the Washington Conference of the Institute of International Bankers, acting SEC Chairman Mark Uyeda said he had “asked SEC staff for options on abandoning” part of the proposed changes that would expand regulation of alternative trading systems (ATSs) to include crypto firms. “In light of the significant negative public comment received on the…

Recent SEC Guidance On Memecoins Suggests Broader Policy Change

There is more to SEC’s recent memecoin guidance than meets the eye. On Feb. 27, the staff of the SEC’s Division of Corporate Finance issued guidance explaining that memecoins — which the SEC described as digital assets “inspired by internet memes, characters, current events, or trends for which the promoter seeks to attract an enthusiastic online community” — are generally not sold as securities. This is consistent with the SEC’s shift away from efforts under former Chair Gary Gensler to claim regulatory power over virtually the entire digital-asset industry, and…

Report: SEC Retreats From Plan to Classify Crypto Firms as Trading Systems

The U.S. Securities and Exchange Commission (SEC) is moving to abandon a proposed rule that would have required certain cryptocurrency firms to register as alternative trading systems (ATS), according to acting Chair Mark Uyeda. SEC Shifts Stance on Crypto Regulation The decision, Reuters reported on Monday, marks a shift from the agency’s 2022 effort under […] Source CryptoX Portal

Bitwise files Aptos ETF with US SEC

Bitwise wants to bring Aptos exposure to U.S. investors, as it did for European traders on six Swiss exchanges. Wealth manager Bitwise has submitted registration of securities, or S-1 form, at the U.S. Securities and Exchange Commission to list and trade shares for a spot Aptos (APT) exchange-traded fund. The Bitwise filing followed last week’s Delaware registration for an entity dubbed the “Bitwise Aptos ETF”. Aptos crypto’s 36th biggest token by market capitalization, worth over $3.8 billion and provide layer-1 blockchain technology to thousands of users and developers. Bitwise tapped…

SEC drops Yuga Labs probe, Trump files NFT marketplace trademark: Nifty Newsletter

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In this week’s newsletter, the US Securities and Exchange Commission (SEC) has dropped its investigation into the non-fungible token (NFT) company Yuga Labs, a company owned by US President Donald Trump filed trademarks for a metaverse and an NFT marketplace, and gambling platform DraftKings plans to settle its NFT lawsuit for $10 million. In other news, Hamster Kombat’s newly launched layer-2 network aims to support Web3 gaming.  Yuga Labs says SEC dropped its investigation into NFT firm NFT firm Yuga Labs said the SEC dropped its investigation into the company.…

SEC drops case against Coinbase — a win for crypto or payback for donations?

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Opinion by: Ross Shemeliak, co-founder and chief operating officer of Stobox Following US President Donald Trump’s return, Coinbase saw the Securities and Exchange Commission drop its 2023 lawsuit, alongside Robinhood Crypto’s investigation closure. On Feb. 25, the SEC also ended its federal probe into Uniswap Labs, triggering market declines with Coinbase and Bitcoin (BTC), the latter of which dropped from its $109,114 peak to $87,000, marking a notable 20% retreat. There’s no apparent reason in sight, but the overall logic of the investors’ reaction is understandable: They are not keen…

SEC Launches Crypto Roundtables Amid Policy Overhaul—Big Changes Ahead?

The SEC’s new Crypto Task Force is launching roundtables to reshape crypto regulation, starting March 21, as enforcement cases drop and pro-innovation policies take hold. SEC’s Crypto Roundtables Signal Major Policy Shift The U.S. Securities and Exchange Commission (SEC) has announced a series of roundtables to explore key aspects of crypto asset regulation, with the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

SEC agrees to drop lawsuit against Cumberland DRW, says firm

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The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says. “Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post.  Cumberland said the filing was agreed in principle between Cumberland DRW and SEC staff on Feb. 20 and is currently awaiting the agency’s approval.  It’s the latest crypto-related lawsuit the SEC has agreed to drop. It has previously dropped cases…

SEC reportedly offering $50K incentive for eligible staff to resign

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The United States Securities and Exchange Commission is reportedly offering eligible employees financial incentives to resign or retire from the agency amid an ongoing wave of staffing changes from the regulator.  The US securities regulator is reportedly offering staff $50,000 to resign or retire by April 4, according to a March 4 Bloomberg report citing an email it reviewed. The email, which described the offer as a “voluntary separation incentive” or “voluntary early retirement program,” was reportedly sent on Feb. 28 by SEC chief operating officer Ken Johnson to all…