SEC Fines VanEck $1.75M Over ETF Influencer Promotion
Renowned financial adviser Van Eck Associates Corporation faces a large $1.75 million civil penalty from the U.S. Securities and Exchange Commission (SEC). The SEC revealed on February 16th that Van Eck failed to adequately disclose that a well-known social media celebrity was involved in the product’s marketing during the 2021 launch of the VanEck Social […]
EU Struggles to Attract Crypto Ventures Amid MiCA Regulation
The EU’s Difficulty in Attracting Crypto Ventures due to MiCA Speculation Illustrates Disparities in Innovation and Regulatory Complexity. Within the ever-evolving realm of cryptocurrencies, the European Union (EU) is confronted with a pivotal moment: the imminent enforcement of the Markets in Crypto-Assets regulation (MiCA). EU regulators and cryptocurrency companies are competing to strategically position themselves […]
Jupiter Asset Management Cancels XRP ETP Investment
London’s Jupiter Asset Management cancels $2.58 million XRP ETP investment due to compliance issues in its Gold & Silver fund. Due to regulatory concerns in Ireland, Jupiter Asset Management, a London-based investment business with assets over $65.8 billion, has backed out of its plan to participate in the 21Shares Ripple XRP exchange-traded product (ETP). Recall […]