Securities


Policy

Prometheum Taps Morgan Stanley Exec as CFO Just Before Opening Doors

The much-debated crypto firm hired an experienced Wall Street hand who handled regulatory policy in his last job and also worked for Goldman Sachs and Fidelity.

Co-CEO Aaron Kaplan's Prometheum is planning to start its crypto custody business with Ethereum's ETH. (Screen capture/U.S. House Financial Services Committee)

Policy

U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales Are Securities Transactions

In May 2023, the SEC settled charges with Ishan Wahi and Nikhil Wahi in what it has called the "first-ever insider trading case involving cryptocurrency markets."

SEC logo (Nikhilesh De/CoinDesk)

Opinion

Ether’s Prometheum Test

The “only U.S.-registered crypto securities platform" is listing ETH in a bold test of the U.S. Securities and Exchange Commission's thesis that most cryptocurrencies are securities.

(Jesse Hamilton/CoinDesk, modified)

Finance

Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don't Need Green Light From SEC

Receipts Depositary Corp. aims to address the institutional desire for bitcoin investments that may not be satisfied by a spot ETF.

(Dynamic Wang/Unsplash)

Policy

Terraform Labs' LUNA and MIR Tokens Are Securities, Judge Rules

A federal judge issued summary judgements siding with the SEC's arguments that Terraform had illegally sold unregistered crypto securities.

(Annie Spratt/Unsplash)

Opinion

‘They’re Playing a Game’: What New Yorkers Think of the SEC’s War Against Crypto

After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation.

Kraken Crypto App

Policy

SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged by SEC

Crypto company SafeMoon's CEO and chief technology officer were arrested, accused of withdrawing more than $200M to buy luxury cars and homes from funds that they told investors were "locked," according to the DOJ and the regulator.

The U.S. Department of Justice grabbed another of the men it alleges moved billions in criminal money at BTC-e.  (Jesse Hamilton/CoinDesk)

Policy

DLT Securities Rules Are Here to Stay, EU Official Says

New European laws took effect in April, but fears over its limited scale may have inhibited take-up.

L-R: Bank of America's Christopher Wallace, Teunis Brosens of ING, the European Commission's Ivan Keller, the Bank of England's Sasha Mills and Marina Reason of Herbert Smith Freehills (Jack Schickler/CoinDesk)

Finance

SOMA Finance to Issue the First Retail Compliant Digital Security

The SOMA token will be a non-cumulative, participating preferred stock of SOMA.finance and will pay a dividend of up to 10% of profits.

(Pixabay)