eToro to Cease Crypto Trading Except BTC, BCH, ETH
eToro and the U.S. Securities and Exchange Commission came to a $1.5 million settlement in response to accusations of breaking federal securities laws. In a deal made public by the SEC, eToro also committed to stop almost all cryptocurrency trading and transactions for clients in the United States. From now on, American users can only […]
TZERO Receives SEC, FINRA Approval for Digital Securities Custody
The Securities and Exchange Commission and the Financial Industry Regulatory Authority have given TZERO permission to provide custody of digital asset securities. In a press release released on September 10, tZERO stated that it plans to start its service in the first part of 2025 formally. The Series-A preferred equity asset on the platform, TZROP, […]
SEC’s Stance on Bank Crypto Custody Services Remain Unchanged
The United States Securities and Exchange Commission has evidently “dug in” on its stance on a rule that would restrict crypto custody services for regulated financial firms. SEC chief accountant Paul Munter addressed a banking conference on September 9 and addressed the agency’s regulatory posture on crypto asset accounting. He addressed SEC Staff Accounting Bulletin […]
Coinbase to Face Shareholder Lawsuit Over SEC Risks
A New Jersey judge accepted a case against Coinbase for depicting a potential regulatory takedown. U.S. District Judge Brian Martinotti decided late on September 5, ruling that Coinbase stockholders could file a lawsuit against the cryptocurrency exchange for misrepresenting its position about the Securities and Exchange Commission’s filing of a civil complaint. The class action […]
WisdomTree Withdraws S-1 Reg Filing For Ethereum Trust
WisdomTree submitted a request to the SEC to withdraw its Ethereum Trust registration filing and requested that the fees be applied as a credit for “future use.” WisdomTree , an asset manager, submitted its Ethereum Trust S-1 filing to the United States regulator over three years ago and has requested to withdraw it. WisdomTree Withdraws […]