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Paxos, a blockchain infrastructure company, has achieved a major regulatory milestone by securing registration from the U.S. Securities and Exchange Commission as a clearing agency. The approval marks a watershed moment for the crypto industry, positioning Paxos as the first blockchain-native firm to obtain this designation from federal regulators. Clearing agencies play a critical role…
Paxos has achieved a major regulatory milestone by becoming the first blockchain-native company to receive Securities and Exchange Commission approval as a clearing agency. The approval of Paxos Securities Settlement Company marks a significant step toward integrating digital asset infrastructure with traditional Wall Street operations, as the crypto industry continues its push for mainstream financial…
The U.S. Securities and Exchange Commission’s recent move to allow third-party exchanges to list tokenized stocks without issuer approval has sparked concerns about potential market fragmentation, according to research from Tiger Research. The regulatory shift, announced Monday through an “innovation exemption,” could create structural disruptions in both liquidity and revenue flows that traditional finance views…
Kate Fraher, the former chief risk officer of Silvergate, has publicly commented on her 2024 settlement with the U.S. Securities and Exchange Commission for the first time after the agency rescinded its longstanding gag rule this week. Fraher’s decision to settle came after she faced accusations of misleading investors about anti-money laundering rules and how…
The United States Securities and Exchange Commission has filed a lawsuit against crypto executive Donald Basile, accusing him of orchestrating a $16 million fraud scheme involving false claims about an “insured” cryptocurrency token called Bitcoin Latinum. According to a complaint filed Friday in the US District Court for the Eastern District of New York, Basile…
The United States Securities and Exchange Commission’s former top enforcement official clashed with agency leadership over handling cases involving individuals close to President Donald Trump before resigning last week, according to sources familiar with the matter. Margaret Ryan, the ex-director of the SEC’s Division of Enforcement, wanted to pursue fraud and other charges in cases…
Texas-based apparel company Beba and crypto advocacy organization DeFi Education Fund have voluntarily dismissed their 2024 lawsuit against the United States Securities and Exchange Commission, citing a changing regulatory approach to cryptocurrency airdrops under the agency’s new leadership. The lawsuit withdrawal, filed in the US District Court for the Western District of Texas on Friday,…
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are pursuing a formal memorandum of understanding to combine their regulatory efforts on cryptocurrency, SEC Chairman Paul Atkins announced Tuesday. Atkins said the new MOU will establish combined meetings with regulated firms on product applications, rule interpretations, enforcement decisions and examinations. The framework…
US President Donald Trump’s media company has filed paperwork with the Securities and Exchange Commission to launch three new cryptocurrency exchange-traded funds, marking the latest expansion of the firm’s digital asset ventures. Trump Media & Technology Group announced Friday through its Truth Social Funds arm that it intends to create the Truth Social Bitcoin and…
Asset manager WisdomTree has officially withdrawn its S-1 registration statement for a spot XRP ETF, according to a filing on Tuesday. WisdomTree, a major player in the exchange-traded fund industry, had been competing to launch one of the first spot XRP ETFs in the United States. WisdomTree’s withdrawal marks a significant development in the ongoing…
The cryptocurrency market has been through fire. After Bitcoin’s spectacular collapse from $69,000 to under $16,000 in 2022, followed by spectacular bankruptcies and regulatory crackdowns, many investors wondered if the digital asset experiment was over. Now, with Bitcoin surpassing $90,000 in early 2026, that same question resurfaces, but with different implications. Is crypto a good…
A senior Coinbase executive is defending the slow progress of crypto-specific legislation in Congress, saying the complexities of digital asset regulation justify why the CLARITY Act hasn’t become law while simpler bills like the GENIUS Act sailed through. The comments come as the industry grows increasingly impatient with Washington’s glacial pace on crypto policy. The…
On yet another day, the SEC has announced yet another charge. In another case, the SEC has charged Consensys Software Inc. with the unregistered offer and sale of securities through its MetaMask Staking service and operating as an unregistered broker through both MetaMask Staking and MetaMask Swaps. The charges were announced on June 28, 2024….
Two US lawmakers, Representative French Hill (Republican) and Representative Chrissy Houlahan (Democrat), have visited Tigran Gambaryan, a Binance executive currently detained at the Kuje correctional center in Abuja, Nigeria. The visit was intended to show concern in the growing international concern over Gambaryan’s detention conditions and the Nigerian government’s stance on cryptocurrency operations. Tigran…
