SEC Rules BAYC NFTs Not Securities
A U.S. federal judge dismissed a class-action suit, ruling @YugaLabs’ Bored Ape Yacht Club NFTs aren’t securities under the Howey test. #Update #Legal
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
SEC Rules Bored Ape NFTs Non-Securities
A California judge ruled Bored Ape Yacht Club NFTs by @YugaLabs are not securities, dismissing a class-action lawsuit. Prices remain down 90% from peak. #Update #Legal
SEC Approves Nigerian Digital Currency Framework
Nigerian Central Bank Governor Olayemi Cardoso announces collaboration with Nigeria’s SEC to develop a sustainable digital currency framework. #Update #Crypto
Bitcoin Fraud: Thai Arrests $580M Suspect
Thai authorities arrested a Portuguese national accused of orchestrating a $586M cryptocurrency fraud scheme. Arrest follows journalist’s tip. #Breaking #Legal
Bitcoin ETF Launches with Nasdaq SEC Filing
@BlackRock’s Bitcoin Premium Income ETF is set to list on Nasdaq, designed to generate income via covered call strategies, differing from the traditional Bitcoin ETF. BTC price currently holds above $114K. #Update #Crypto $BTC
SEC No-Action Letter Boosts Blockchain Growth
SEC supports decentralized infrastructure innovation as DePIN tokens gain legitimacy, while Commissioner Peirce warns overreach could stifle market innovation. #Update #Blockchain
SEC Approval Sought for BitMine ETF
REXShares seeks SEC approval to launch BitMine Growth and Income ETF, providing investors direct exposure to BMNR stock. #Update #ETF
Grayscale Launches IPO Amid Legal Battles
Barry Silbert prepares for Grayscale’s IPO in 2025 amid legal challenges from Genesis’ bankruptcy, facing accusations from the Winklevoss twins about trust erosion in crypto. #Update #Crypto $BTC
Binance Prioritizes Compliance in Asia Strategy
Sei expands in Asia using Japan’s licensing, securing listings on Binance and OKX Japan, leveraging USDC and tokenization with Apollo. #Update #Crypto $SEI
SEC Considers Crypto-Style Stock Trading
The SEC is considering frameworks for stocks to trade like cryptocurrencies, focusing on tokenized equities with NYSE and ICE. #Update #Legal
SEC’s Tokenized Stocks Raise Crypto Concerns
@Cointelegraph reports that Dragonfly’s Rob Hadick warns SEC’s push for tokenized stocks may benefit TradFi more than crypto, as institutions seek control over their own blockchains. #Update #Crypto $ETH
SEC CFTC Unite for Stronger Market Oversight
Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), announced collaboration with the Commodity Futures Trading Commission (CFTC) to harmonize regulations, enhancing clarity for U.S. markets and fostering innovation in cryptocurrency. #Update #Crypto $BTC
SEC Expands Crypto Custody to State Trusts
The U.S. SEC allows crypto custody at state-chartered trust companies, easing compliance for firms like @Coinbase and @Kraken, amid ongoing regulatory discussions. #Update #Crypto $BTC $ETH
SEC Approves Crypto Custodians Expansion
The SEC will not enforce actions against advisors using state-chartered crypto custodians, potentially increasing digital asset custodian options. #Update #Crypto