SEC Commissioner Acknowledges Advantages of Securities Tokenization
Commissioner Mark Uyeda of the SEC stated that the tokenization of assets, including securities, had potential advantages.
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Latest firstThai SEC Cancels Zipmex’s Licenses Over Non-Compliance
The SEC of Thailand has withdrawn two of the crypto exchange Zipmex's operational licenses following months of regulatory scrutiny.
SEC Considers ProShare spot Ether ETF Application, Grants Ark exit from 21Shares
Key Takeaways The US Securities and Exchange Commission (SEC) has acknowledged a proposed rule change for ProShares Ethereum ETF. The development comes days after ProShares filed a proposal to list and trade spot Ethereum ETF shares on the New York…
Joe Biden Vetoes Bill Overturning SEC’s SAB 121
Key Takeaways President Joe Biden has vetoed a congressional resolution that aimed to overturn the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). SAB 121 requires publicly traded companies, including banks, to record crypto assets as both assets and liabilities…
Terraform and Do Kwon Near Settlement with SEC
Court documents reveal an agreement in principle to resolve a fraud action between Terraform Labs and its former CEO, Do Kwon, with the US SEC.
Judge Dismiss DEBT Box Case, Orders SEC to Pay $1.8 Million in legal fees
Key Takeaways The Securities and Exchange Commission (SEC) has been hit with a hefty $1.8 million bill after a Utah judge ruled the regulator abused its authority in a case against crypto platform Debt Box. Judge Robert Shelby slammed the…
Crypto YouTuber Ian Balina Loses Against SEC In Unregistered Securities Case
Key Takeaways Crypto YouTuber Ian Balina has been found guilty of selling unregistered securities when he bought Sparkster (SPRK) tokens and offered them to U.S. investors in an investment pool, according to a ruling by a Texas federal court judge. …
U.S. Congress Demands Clarity from SEC-FINRA Over Prometheum ETH Custody
Key Takeaways Members of the United States Congress have expressed their dissatisfaction with the Securities and Exchange Commission’s (SEC) response to inquiries about the classification of Ethereum (ETH) and controversial crypto firm Prometheum’s intention to custody ETH. They have set…
Uniswap CEO Urges US President to Reconsider Crypto Policies
The creator and CEO of Uniswap urged the US President to consider voters' opinions regarding cryptocurrency when they cast their ballots in November.
CoinCodeCap WeekInFocus: May 12, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.