Lawmakers, including @CynthiaMLummis and @PatrickMcHenry, urge the SEC to revoke SAB 121, citing financial strain on crypto custodians and consumer risks. Critics highlight lack of consultation and selective meetings by the SEC’s Office of Chief Accountant.
Coinbase ($COIN) appeals SEC’s denial of its 2022 rulemaking petition, arguing outdated securities laws hinder crypto compliance and innovation. The outcome could reshape U.S. crypto regulations, providing clarity for the industry.
Speculation mounts as the U.S. SEC considers appealing Judge Torres’ rulings in the XRP case. With just two weeks left to decide, $XRP has surged above $0.60 amid the lawsuit’s tensions. Regulatory clarity and crypto market futures hang in the balance.
SEC greenlights $BLK’s iShares Bitcoin Trust for options trading. This move is expected to boost institutional Bitcoin adoption and market volatility. Experts call it a major milestone for the cryptocurrency market, predicting more regulatory endorsements soon.
SEC’s SAB 121 rule mandates banks to disclose crypto custodial assets, sparking criticism from Congressman @RitchieTorres over GAAP violations and innovation stifling. Despite challenges, major banks like $BK are entering the crypto custody market.
SEC pursues sanctions against @elonmusk for missing court-ordered testimony on $44B Twitter acquisition. Alleged emergency absence violated a May 31 order, with SEC warning of severe legal consequences for continued non-compliance, including potential arrest.
SEC approves options trading for BlackRock’s $IBIT Bitcoin ETF. This milestone highlights growing acceptance of crypto products in traditional finance and could drive mainstream adoption and new investment strategies. @BlackRock
Texas court dismisses @Consensys case against the SEC on procedural grounds. The judge did not address whether $ETH is a security, leaving crucial regulatory questions unanswered. Consensys plans to continue its legal efforts to clarify Ethereum’s status.
The U.S. CFTC appeals a court decision allowing Kalshi to offer election outcome contracts, citing concerns over market manipulation and election integrity. Kalshi claims regulated markets ensure better oversight. The ruling could set a precedent for future U.S. political prediction markets.
Texas court dismisses Consensys’ lawsuit against the SEC on procedural grounds. Judge ruled the case lacked a final agency action, making it unripe for review. Consensys plans to continue its advocacy, highlighting ongoing crypto regulation debates.
Coinbase CLO Paul Grewal and Ripple CLO Stuart Alderoty criticize the SEC’s term “crypto asset security” for lacking legal backing. The SEC’s inconsistent token regulation will be under scrutiny as all Commissioners, including Chair @GaryGensler, testify before Congress.
Anthony Scaramucci urges @KamalaHarris to distance from SEC Chair Gary Gensler and Sen. Elizabeth Warren to foster crypto growth. He warns a Trump presidency could harm the digital assets sector. Progress in crypto legislation is crucial.
Rari Capital and founders settle SEC charges, agreeing to reimburse profits and face fines. The founders also face a five-year ban on similar activities. Rari Capital, once peaking at $1B TVL, shut down due to security breaches.
Ex-SEC official Michael Liftik criticizes the SEC for unclear digital asset guidelines amid enforcement actions. $RARI Capital settles with the SEC over misleading investors and unregistered broker activities. Ongoing congressional debates highlight the uncertainty in crypto regulation.
