Ex-CFTC Commissioner Deems SEC’s Ethereum Approach “Illegal”
Former CFTC commissioner Brian Quintenz condemned the SEC’s conduct as “illegal” regarding Ethereum. Brian Quintenz, a former commissioner of the Commodity Futures Trading Commission (CFTC), has faulted the Securities and Exchange Commission’s (SEC) position on Ethereum (ETH). He characterized the SEC’s stance on ETH as “illegal” and raised concerns regarding the possibility of regulatory ambiguity. Former CFTC Commissioner […]
Yield Aggregators: Maximizing Returns in DeFi Asset Management
Decentralized Finance (DeFi) has emerged as one of the most dynamic sectors within the cryptocurrency space, offering innovative solutions for financial services without the need for conventional intermediaries. In DeFi, one of the key strategies for maximizing returns on crypto assets is through yield aggregators. These platforms utilize various protocols and strategies to optimize yield […]
Coinbase Exec Stands Up for Ether Amid SEC’s Scrutiny
Coinbase’s Paul Grewal seeks the SEC not to restrict Ethereum ETFs, citing the SEC and CFTC’s previous identification of Ethereum as a commodity. Legislators in the United States have placed considerable pressure on the U.S. Securities and Exchange Commission (SEC) to halt the approval process for the spot Ethereum ETF. The likelihood of Ether ETF […]
Judge Authorizes Inquiry into Sullivan & Cromwell’s Ties with FTX
Court has approved an investigation of Sullivan & Cromwell’s conduct in the FTX bankruptcy, including an examination of potential conflicts and legal ethics. The bankruptcy court has granted authorization for a comprehensive investigation into the association between Sullivan & Cromwell LLP , a prominent law firm, and FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022. […]
Coinbase Cautions of Base Network Congestion, High Fee Menace
Base Network customers are witnessing a high gas hike due to another round of Coinbase congestion that caused related outages previously. The Base Network has experienced a surge in transaction fees as a result of an additional Coinbase congestion saga, as stated in a published Status Update. Coinbase Congestion Causes High Gas Fees The American cryptocurrency […]