The legal practitioners asked the court to adhere to the established definition of “investment contract” when interpreting its scope.
Grayscale CEO Michael Sonnenshein emphasized the need for a balanced regulatory approach to cryptocurrency to avoid hindering innovation in the United States.
If approved, the legislation would make crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.
The regulatory body claims the defendants enticed over 14,000 individuals by creating false weekly returns.
Senator Cynthia Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto.
Lawyers for Kyle Davies filed evidence that his U.S. citizenship had been renounced in 2021, which, according to a bankruptcy judge, left him outside the court's jurisdiction.
Sam Bankman-Fried was reportedly led out of a New York courtroom in handcuffs after alleged attempts to influence or intimidate witnesses in his criminal case.
The Securities and Exchange Commission’s prolonged deliberation over a spot Bitcoin ETF is stoking expectations of a joint decision for all applications.
ARK Investment Management founder and CEO Cathie Wood predicted on Aug. 7 the SEC would delay its decision on the firm’s spot BTC ETF application.
The announcement comes after Hong Kong debuted crypto retail trading with exchanges HashKey and OSL.