In a recent post on social media, Ripple’s Chief Legal Officer Stuart Alderoty criticized the upcoming statements of the U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler. Alderoty argued that Gensler’s remarks during his appearance before the Senate Committee on Financial Services might be misleading. Specifically, Alderoty claimed that Gensler could assert the existence
Regulation
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on a major spot Bitcoin exchange-traded fund (ETF), creating further uncertainty for investors. This setback pertains specifically to the ARK 21Shares Bitcoin ETF, which has been eagerly anticipated by the cryptocurrency community and financial institutions alike. In a filing dated September 26,
The U.S. Securities and Exchange Commission (SEC) recently filed an objection to part of a reorganization plan put forth by the bankrupt crypto firm Celsius. According to the plan, Celsius intends to have Coinbase, a prominent crypto exchange, act as a distribution agent to return funds to former users affected by its collapse. However, the
Hong Kong’s Securities and Futures Commission (SFC) has recently implemented new measures aimed at improving investor education in the wake of the JPEX scandal. These measures include the publication of a comprehensive list of licensed Virtual Asset Trading Platforms (VATPs) and the launch of a fraud prevention publicity campaign. Additionally, the SFC plans to strengthen
India’s crypto ecosystem has recently received a significant boost following the G20 summit. This influential group of economies fully endorsed the recommendations from the IMF and FSB as a Synthesis paper. These guidelines aim to provide a clear roadmap for the policy and regulatory framework for crypto assets, addressing key concerns faced by governments worldwide.
Regulators in Poland have taken action against OpenAI after receiving a complaint about the company’s ChatGPT app. The Polish Personal Data Protection Office has acknowledged the case, which alleges that OpenAI has mishandled personal data and lacks transparency in its operations. This article will delve into the details of the complaint and explore the potential
Ripple CEO Brad Garlinghouse recently undertook a crucial meeting with members of the U.S. Congress in Washington, D.C. in a bid to address the urgent need for regulatory clarity within the cryptocurrency industry. Accompanied by other high-level executives from the company, including Stuart Alderoty, Garlinghouse expressed the significance of engaging directly with elected officials who
The Securities and Exchange Commission (SEC) has been closely monitoring the cryptocurrency industry, expressing concerns about its lack of regulation. The agency’s stance on cryptocurrencies as securities has led to increased scrutiny and enforcement actions, raising questions about the future of the industry. This article examines the SEC’s actions, the challenges it faces in regulating
The New York State Department of Financial Services (NYDFS) has introduced new regulations for virtual currency business entities in the state. The focus of these rules, according to NYDFS Superintendent Adrienne Harris, is on cryptocurrency delistings. Harris states that the intention behind these regulations is to provide entities with a way to delist coins that
Several influential senators have expressed their support for Senator Elizabeth Warren’s bipartisan cryptocurrency anti-money laundering bill. This development is a significant milestone in the effort to enhance regulatory oversight and address the rising illicit usage of digital assets. The bill aims to align the digital asset ecosystem with existing anti-money laundering and countering the financing