SEC Approves Figure Markets YLDS Stablecoin
@FigureMarkets’ YLDS stablecoin, offering a 3.85% yield, receives SEC approval, marking a regulatory milestone in the U.S. stablecoin market. #Breaking #Crypto (+8) ↗
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
SEC Staking Approval Crucial for ETFs
The SEC faces pressure from Congress to allow staking in ETPs, highlighting competitive disadvantages for U.S. markets compared to international counterparts. #Update #Legal $ETH (+7) ↗
Ripple Lawsuit Delays Longer Than Coinbase
Ripple’s legal battle with the U.S. Securities and Exchange Commission may extend due to procedural complexities, including a $125 million penalty and cross-appeal considerations. #Update #Legal (+3) →
DeFi Concerns ConsenSys Challenges SEC Amendment
@ConsenSys urges the U.S. Securities and Exchange Commission (SEC) to withdraw proposed amendments expanding the definition of “exchange” to include DeFi platforms, citing legal overreach concerns. #Update #Legal (+3) ↗
NFTs Cleared SEC Ends OpenSea Probe
The US SEC ends its investigation into @OpenSea without securities charges, concluding NFTs are not classified as securities. #Update #Legal (+3) →
Solana ETF Staking SEC Approval Sought
@FTI_US seeks SEC approval for a Solana ETF involving staking, potentially allowing proof-of-stake assets in ETFs, according to Bloomberg analyst James Seyffart #Update #ETF $SOL (+3) ↗
Solana Integrates SEC-Approved Yield Stablecoin
@Solana integrates $YLDS, an SEC-approved stablecoin, offering 3.85% APR with no lockups, secured on-chain for 24/7 use. #Update #Crypto $YLDS (+4) ↗
SEC Approves Coinbase Case Dismissal
@Coinbase’s enforcement case dismissal by SEC staff awaits Commissioner approval, potentially shifting focus to Congress for crypto standards. #Update #Legal (+6) ↗
Crypto Scandal: SafeMoon CTO Admits Fraud
Thomas Smith, CTO of @SafeMoon, pleads guilty to $200M fraud, facing up to 45 years in prison; CEO’s trial set for April 7. #Breaking #Legal #Crypto (-9) ↘
XRP Lawsuit: SEC Pursues Ripple Case
FOX journalist Eleanor Terrett reports the SEC hasn’t paused its case against @Ripple due to prioritizing cases with imminent deadlines; Ripple’s next court deadline is April 16. #Update #Legal $XRP (0) →
SEC Launches Division Against AI Crypto Fraud
The U.S. Securities and Exchange Commission (SEC) launches the Cyber and Emerging Technologies Unit to combat fintech fraud, led by Laura D’Allerd, focusing on AI and crypto crimes. #Update #Legal (+7) ↗
Crypto Staking Faces SEC Scrutiny
The US SEC is examining crypto staking activities, potentially issuing new guidance, as reported by @EleanorTerrett. Recent meetings involved Jito Labs and Multicoin Capital Management. #Update #Crypto (+3) →
Stablecoin Launch: SEC-Registered Yield Offering
@FigureMarkets launched YLDS, a yield-bearing stablecoin registered with the SEC, offering daily interest on Provenance Blockchain. #Update #Crypto (+5) ↗
SEC Launches Unit to Tackle Crypto Fraud
The US SEC established the Cyber and Emerging Technologies Unit to combat crypto and AI-related fraud, led by Laura D’Allaird. #Breaking #Legal (+9) ↗