Congressman Wiley Nickel from North Carolina has recently taken a strong stance against the US Securities and Exchange Commission (SEC), accusing the agency of damaging trust in the regulatory system through its “regulation by enforcement” tactic. Nickel has publicly criticized the SEC’s approach, labeling it as an abuse of power that could impede digital innovation
Regulation
Recently, Telegram CEO Pavel Durov found himself in legal trouble as he was released from prison and placed under judicial supervision with stringent conditions. One of the conditions includes a hefty €5 million bond that Durov must deposit. Additionally, he is not allowed to leave French territory and has to report to the police station
The US Securities and Exchange Commission (SEC) has recognized the importance of retail investors having more timely access to fund portfolio data. Currently, registered investment companies are required to provide periodic portfolio holdings data to the Commission and investors, but this information is often delayed. This delay can negatively impact millions of US households, leaving
The Financial Times reported that crypto firms are increasingly turning away from the UK due to burdensome and time-consuming regulatory processes. According to a report by law firm Reed Smith, registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have plummeted by more than 50% in the past
The Nigerian Securities and Exchange Commission (SEC) recently announced that two local crypto exchanges, Busha Digital Limited and Quidax, have received “Approval-in-Principle” to commence operations under the Accelerated Regulatory Incubation Program (ARIP). This move comes as part of the SEC’s efforts to encourage innovation while ensuring investor protection in the digital asset space. The approvals
OpenSea CEO Devin Finzer recently revealed that the company has received a Wells Notice from the US Securities and Exchange Commission (SEC) regarding the classification of NFTs on its platform as securities. This unexpected development has left Finzer and his team stunned, as they now find themselves in the midst of a regulatory battle against
France has been considered a prime location for the world’s largest crypto businesses in recent years. With companies like Binance, Crypto.com, and Circle establishing their European headquarters in Paris, the country has attracted attention for its favorable tax rates, talented workforce, and supportive regulatory environment. However, with new developments following the French elections and increasing
Recently, the US Securities and Exchange Commission (SEC) filed settled charges against crypto lending firm Abra for failing to register its crypto asset lending product, Abra Earn. This failure to comply with registration laws led to Abra selling nearly half a billion dollars of securities to US investors without providing them with sufficient and accurate
The European Union has long been a hub for technological innovation, but according to Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek, the region’s fragmented regulatory structure is stifling the progress of artificial intelligence (AI) development. In a joint statement, the two tech leaders highlighted the challenges faced by companies in the EU due
The DeFi Education Fund and the Blockchain Association have taken a stand against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT) by submitting an amicus brief. This brief raised alarm bells about the significant privacy and security concerns posed by the CAT, particularly for participants in the digital asset market. The CAT, which
