Regulation

The US Securities and Exchange Commission (SEC) Commissioner Hester Peirce recently expressed her ongoing concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). This came after a speech by SEC Chief Accountant Paul Munter, where he reaffirmed the Commission’s unchanged stance on SAB 121. Despite the growing attention and controversy surrounding the regulation,

The US Securities and Exchange Commission (SEC) has been making headlines with its aggressive regulatory approach towards crypto companies. In 2024, the SEC imposed a staggering $4.68 billion in fines, marking a significant increase from previous years. This has raised concerns within the crypto industry about the implications of such hefty penalties. Rise in Fines

Robinhood’s cryptocurrency division recently found itself in hot water as it agreed to pay a hefty $3.9 million fine to settle a California investigation. The statement released on September 5th revealed a series of past practices that led to this fine. California Attorney General, Rob Bonta, highlighted that Robinhood Crypto prevented users from withdrawing their

Recently, the US Securities and Exchange Commission (SEC) charged and settled with hedge fund Galois Capital Management LLC over a private fund managed by the firm that primarily invested in crypto. The SEC found that Galois Capital violated the Investment Advisers Act’s Custody Rule by not securing its assets with a qualified custodian. The firm

US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda has highlighted the necessity of developing specialized S-1 registration forms tailored specifically for digital asset securities. During the Korea Blockchain Week 2024 event on Sept. 3, Uyeda emphasized the need for updating the SEC’s regulatory tools to effectively address the unique characteristics of digital assets.

The recent filing by the US Securities and Exchange Commission (SEC) has raised significant concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan to repay creditors using stablecoins or other digital assets has sparked controversy and uncertainty in the industry. In an August 30 court filing, the SEC expressed reservations

Congressman Wiley Nickel from North Carolina has taken a bold stance against the US Securities and Exchange Commission (SEC), accusing them of damaging trust in the regulatory system with their “regulation by enforcement” strategy. Nickel believes that this approach is an abuse of power that could potentially stifle innovation in the digital sector across the

Pavel Durov, the CEO of Telegram, has been released from prison but placed under judicial supervision by the French authorities. He is required to deposit a €5 million bond and cannot leave the French territory. Additionally, Durov must report to the police station twice a week as part of his bond conditions. These strict measures

The US Securities and Exchange Commission (SEC) has recently brought attention to the issue of retail investors lacking timely access to fund portfolio data. This data is crucial for making informed investment decisions, especially during times of market volatility and uncertainty. The existing regulatory framework requires registered investment companies to provide periodic portfolio holdings data

The UK’s regulatory environment for crypto firms has become increasingly burdensome, leading to a significant decline in registration applications. According to a report by law firm Reed Smith, crypto asset exchanges and custodian wallet providers are turning away from the UK due to slow and complex regulatory processes. The Financial Conduct Authority (FCA) received only