crypto regulation

In a letter to SEC Chairman Gary Gensler, Congressman Ritchie Torres wrote, "regulation by enforcement had a dreadful day in court," referring to the summary judgment issued by Judge Analisa Torres in the SEC v. Ripple Labs decision. The lawmaker from New York joins "First Mover" to discuss the SEC's latest actions in the wake of the Ripple court ruling and his outlook on the future of crypto regulation in the U.S.

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Needham & Company senior research analyst John Todaro joins "First Mover" to discuss why Ripple's partial court win against the SEC could be positive for Coinbase (COIN)'s stock. Plus, Todaro shares his outlook on recent spot bitcoin ETF application hype in the U.S. and rising institutional crypto interest.

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Ripple scored a partial win in its fight with the U.S. Securities and Exchange Commission (SEC) after a court ruling that brought a little bit of regulatory clarity for the crypto industry. Willkie Farr & Gallagher LLP Counsel Michael Selig along with INX advisor and former SEC attorney Alex Damsker share their respective insights into the legal judgement. Plus, their thoughts on bail for former Celsius CEO Alex Mashinsky being set at $40 million by a judge after he was arrested Thursday on charges of fraud.

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Former SEC enforcement branch chief and Bragança Law attorney Lisa Bragança discusses the latest developments for U.S. crypto regulation as the regulator takes aim at Celsius and Coinbase. Crypto exchange Coinbase and the SEC are meeting in court for the first time since the federal regulator charged Coinbase with breaching federal securities law in June. Separately, the SEC is suing insolvent crypto lender Celsius Network and former CEO Alex Mashinsky.

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Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) just reintroduced an updated version of their landmark crypto legislation. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses the move and the implications for the wider U.S. crypto regulatory landscape.

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Crypto firm Gemini sued Digital Currency Group last week, alleging the industry conglomerate and its founder Barry Silbert committed "fraud" through DCG subsidiary Genesis, which held funds for Gemini tied to the latter company's Earn program. Hodder Law Firm Managing Partner Sasha Hodder discusses the key takeaways. Plus, what to make of Twitter threatening to sue Facebook parent company Meta over the Threads app. CoinDesk and Genesis are both owned by DCG.

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Bitwise refiled for a bitcoin spot ETF the day after BlackRock submitted a similar application. Bitwise Asset Management Chief Investment Officer Matt Hougan discusses the move and the industry implications of TradFi heavyweights racing to secure the first U.S. spot bitcoin ETF approval with the SEC. Plus, Hougan breaks down the "critical difference" between the ETF markets in the U.S., Canada and Europe.

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Proposals put forward by defunct crypto lender BlockFi are an abuse of bankruptcy rules, according to a legal filing made by FTX, with over a billion dollars of disputed transactions at stake. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the troubled lender's plans and why the proposal is also facing objections from Three Arrows Capital (3AC) and U.S. Securities and Exchange Commission (SEC).

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Crypto exchange Binance’s office in Australia was searched on Tuesday by the country's financial regulator, the Australian Securities & Investments Commission (ASIC), according to a Bloomberg report. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De weighs in on the regulatory scrutiny faced by the company in multiple jurisdictions.

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Cboe's BZX Exchange named Coinbase as the market for its surveillance-sharing agreement, when it refiled its spot bitcoin ETF fund applications for several would-be bitcoin ETF issuers on Friday. This comes after the SEC reportedly said recent spot bitcoin ETF applications were "inadequate." CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest developments for U.S. crypto regulation.

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