SEC

Bankrupt crypto lender Genesis Global Capital and exchange platform Gemini are asking a U.S. court to dismiss a lawsuit by the Securities and Exchange Commission alleging the two sold unregistered securities, court filings from Friday show. Genesis and CoinDesk are owned by the Digital Currency Group (DCG). Separately, a new Bloomberg report takes a closer look at the future of crypto exchange Gemini under the leadership of billionaires Tyler and Cameron Winklevoss.

May 30, 2023

"We've been fighting on behalf of the whole industry," Ripple President Monica Long said, discussing the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). Long also added that Ripple is "optimistic" about hearing from the court this year about the case.

May 25, 2023

The Financial Industry Regulatory Authority (FINRA), an industry-funded oversight arm created by the SEC, announced last week that it has given a broker-dealer approval to Prometheum Ember Capital LLC for digital assets securities. Prometheum founder and co-CEO Aaron Kaplan discusses the process of getting the approval and what it means for the current crypto regulatory landscape in the U.S.

May 24, 2023

Ripple President Monica Long joins "First Mover" to discuss the latest developments in the blockchain company's ongoing legal battle against the U.S. Securities and Exchange Commission. Plus, insights on Ripple's acquisition of Swiss-based crypto custody provider Metaco.

May 23, 2023

The U.S. Securities and Exchange Commission (SEC) asked Grayscale to withdraw its application to make its Filecoin (FIL) Trust product more like a public company, the asset manager revealed on Wednesday. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the details. Grayscale is a subsidiary of Digital Currency Group, CoinDesk's parent company.

May 18, 2023

XRP token is on the rise after a federal judge ruled that the U.S. Securities and Exchange Commission cannot seal documents tied to former official William Hinman's 2018 speech on crypto and securities to Ripple in the ongoing lawsuit. That story and other news shaping the cryptocurrency world are in this episode of "The Daily Forkast."

May 17, 2023

A federal judge ruled that the U.S. Securities and Exchange Commission cannot seal documents tied to former official William Hinman's 2018 speech on crypto and securities to Ripple in the regulator's ongoing lawsuit against the company closely associated with the XRP cryptocurrency. CoinDesk Global Policy and Regulation CoinDesk Managing Editor Nikhilesh De discusses the latest developments surrounding the world of crypto regulation.

May 17, 2023

The U.S. Securities and Exchange Commission (SEC) told an appeals court that crypto exchange Coinbase hadn't proven the regulator needs to create a new regulatory framework for the digital asset industry. CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De weighs in on the agency's response to Coinbase petition.

May 16, 2023

The U.S. Securities and Exchange Commission (SEC) wants to revise a $22 million penalty set on crypto startup LBRY to $111,614, according to court documents from Friday. The regulator cited LBRY's "lack of funds and near-defunct status," as reasons for withdrawing its previous request for fine. "The Hash" panel discusses the latest developments in crypto regulation.

May 15, 2023

Christopher Giancarlo, the former chair of the CFTC, also known as ‘Crypto Dad’ said the U.S. is resisting digitization of the dollar due to it being a threat to the country’s dominance over the traditional financial system. Central Bank Digital Currencies or CBDCs are the future of money and countries that resist innovation will become irrelevant in the global financial landscape, said Giancarlo who is also the founder of the Digital Dollar Project. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Giancarlo expressed his disappointment over Washington’s hostility towards cryptocurrencies. His comments come in light of the recent enforcement actions against crypto by the U.S. Securities and Exchange Commission.

May 15, 2023