Regulation

DTCC Digital Assets global head and managing director Nadine Chakar recently testified before the House Financial Services Subcommittee on Digital Assets, advocating for the benefits of tokenization in the US financial markets. Chakar emphasized the transformative potential of tokenizing real-world assets and discussed DTCC’s role in modernizing the financial industry through digital securities and tokenization
President Joe Biden recently made headlines by vetoing H.J. Res. 109, a resolution aimed at overturning the SEC’s controversial SAB 121 rule. In his statement, Biden defended SAB 121 as a representation of the SEC staff’s technical expertise, emphasizing the importance of the rule in protecting consumers and investors. Biden also highlighted a political divide
Speculation is swirling around the launch date of US spot Ethereum ETFs, with Bloomberg ETF analyst Eric Balchunas suggesting that a launch by the end of June is a “legit possibility.” While a mid-June launch may be a “long shot,” Balchunas anticipates that the latest date for the launch could be July 4. These expectations
Senator Cynthia Lummis has been a vocal advocate for pro-crypto legislation in the US. She firmly believes that the crypto market has the potential to play a crucial role in the country’s economy, as long as the opportunity is not wasted. Lummis and other like-minded lawmakers have been working diligently to educate their colleagues about
The European Securities and Markets Authority (ESMA) has been closely examining Maximum Extractable Value (MEV) as a form of illegal market abuse within the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. This scrutiny by ESMA has significant implications for the crypto industry, as highlighted by commentator Patrick Hansen. ESMA’s draft explicitly mentions
Recently, the U.S. District Court for the Western District of Texas ruled in favor of the Securities and Exchange Commission (SEC) in a case against crypto influencer Ian Balina. The court found that Balina had offered and sold SPRK Tokens as securities in unregistered transactions, thereby violating US securities laws. Allegations Against Ian Balina The
The recent report by Bernstein suggests that the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US could potentially set the stage for the classification of Solana (SOL) as a commodity. This distinction between commodities and securities has far-reaching implications for the cryptocurrency market. Commodities classification paves the way for ETF applications
The FIT21 Act, which aims to provide regulatory clarity to the crypto industry, has recently come under fire from Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC). Gensler expressed strong opposition to the bill, stating that it would weaken current consumer protections in the crypto market. Despite the bill receiving support from