Tag: SEC

Nasdaq files for SEC approval to launch Bitcoin index options

boss

Nasdaq just filed with the U.S. Securities and Exchange Commission to list and trade Bitcoin Index Options. These options will track the price of Bitcoin (BTC) represented by the CME CF Bitcoin Real-Time Index, according to a press release. These options aim to provide increased transparency and reliability to the crypto market. Pending regulatory approval, this initiative would allow investors to better manage and hedge their crypto positions, thereby enhancing liquidity and maturity within this digital asset class. Bitcoin index options The options will feature European-style exercise and cash settlement,…

U.S. SEC Settles with Abra Over Unregistered Sales of Securities

Starting in 2020, the crypto investment platform and lender began offering Abra Earn to customers, promising high levels of returns for letting the firm use their assets, the SEC said in its complaint. At one point, the program had about $600 million, and almost $500 million was from U.S. investors. Also, for at least two years, Abra operated as an investment company without registering, the SEC said. Source

Kraken Says Exchange Will Win Against SEC, Urges Congress To Pass Comprehensive Regulatory Framework for Crypto

boss

Kraken says the crypto exchange is confident it will win its legal battle with the U.S. Securities and Exchange Commission (SEC). Last week, U.S.; District Judge William H. Orrick denied Kraken’s request to dismiss the case filed by the SEC alleging that the exchange violated securities laws. The regulator alleges that Cardano (ADA), Algorand (ALGO), Solana (SOL) and several other coins traded on Kraken are “crypto asset securities.” Kraken’s chief legal officer Marco Santori says that while Judge Orrick decided to keep the case going, the exchange anticipates winning against…

Judge Denies Kraken’s Request To Dismiss SEC Claims Alleging the Exchange Operated As Unregistered Securities Broker

boss

A judge shot down Kraken’s request to dismiss claims made by the U.S. Securities and Exchange Commission (SEC) alleging the exchange violated securities laws. Last November, the SEC charged Kraken with operating its crypto trading platform as an unregistered securities exchange, broker, dealer and clearing agency. Earlier this year, Kraken filed in US District Court to dismiss those charges, positing that the SEC’s claims would widen the definition of investment contracts and expand the regulator’s jurisdiction outside of its delegated responsibility. On Friday, US District Judge William H. Orrick denied the…

Nigeria’s SEC Denies Issuing Provisional Crypto Licenses

Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and a push to regulate the industry, including a mandate […] Source BitcoincryptoexchangeExchanges CryptoX Portal

5 Million US Crypto Owners Urged to Push Kamala Harris to Fire SEC Chair Before Election

Tyler Winklevoss, co-founder of crypto exchange Gemini, has called on the 50 million American cryptocurrency owners to unite and press Vice President Kamala Harris to fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler before the upcoming presidential election in November. He believes this action could end the “war on crypto” and make the […] Source CryptoX Portal

Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate

Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […] Source BitcoincryptoexchangeExchanges CryptoX Portal