Tag: Securities/Commodity Exchange Activities
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A ‘wild outcome’: How the Ripple decision scrambles the battle between SEC and crypto industry
[ad_1] A federal judge dealt a significant blow Thursday to Security and Exchange Commission Chair Gary Gensler’s quest to bring the crypto industry to heel, but securities-law experts warn that the legal and political implications of the decision are difficult to predict and may not prove to be a lasting victory for investors in digital…
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Coinbase’s spectacular stock surge after Ripple ruling sparks fierce debate
[ad_1] Coinbase Global Inc. shares roared more than 24% higher Thursday in the wake of a judge’s ruling on a case involving cryptocurrency tokens, fueling debate on Wall Street over what the decision means for Coinbase’s own regulatory headaches. See more: Ripple token not a security in retail sales, judge rules in partial win for…
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BlackRock CEO Larry Fink compares bitcoin to digital gold as ETF applications at SEC stack up
[ad_1] BlackRock Chairman and CEO Larry Fink has never been outright dismissive of bitcoin, but he sure sounds more enthusiastic now that his firm, and others, are seeking regulatory approval for a spot bitcoin exchange-traded fund. “I was skeptical because the early users were — it was heavily used for, let’s say, illicit activities,” said…
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Coinbase’s stock has been on a surge, but analyst says the pop ‘may prove short-lived’
[ad_1] Coinbase Global Inc. shares have been on a tear over the past two weeks, but an analyst warns that enthusiasm for the stock “may prove short-lived.” Berenberg Capital Markets analyst Mark Palmer attributed the more than 30% rally in Coinbase’s stock COIN, +2.09% since June 15 in part to optimism about BlockRock’s application with…
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Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges
[ad_1] Binance.US and the Securities and Exchange Commission have reached an agreement that avoids a total asset freeze at the cryptocurrency exchange while the SEC’s lawsuit against it proceeds. Under the deal announced Saturday, Binance Holdings, BAM Management US, BAM Trading Services and founder Changpeng “CZ” Zhao will repatriate Binance.US customer assets to the U.S.…
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Should you be worried if your crypto is in Binance.US or Coinbase?
[ad_1] One of the first rounds in the clash between the Securities and Exchange Commission and Binance is giving the exchange’s users an uncomfortably close front row — and it might have them wondering if they should keep their funds or flee. The answer boils down to the risk a person can stomach, experts say.…
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What are unregistered securities? Are all cryptos, like bitcoin and ether, unregistered securities?
[ad_1] Are cryptocurrencies deemed an unregistered security? Are some cryptos treated differently from others? What is an unregistered security, anyway? These are questions swirling around in the crypto world — and even confounding some legal experts. Robinhood HOOD, +2.30% announced last week that it is removing three crypto tokens from its platform. That’s the latest…