New Jersey Bill Aims to Classify Digital Assets Sold to Institutional Investors as Securities

A bill has been introduced to the New Jersey general assembly that seeks to classify digital assets sold to institutional investors as securities. The proposed legislation specifically targets virtual currencies sold directly to institutional investors and defines institutional investors as entities such as banks, hedge funds, endowments, and pension funds. If passed, the bill would […]

SEC Lawsuit Against DEBT Box Faces Dismissal Amid Allegations of Misrepresentation

DEBT Box and other defendants in a Securities and Exchange Commission (SEC) lawsuit are seeking to have the case dismissed after the court found that the SEC had lied to obtain a temporary restraining order against them. The SEC had accused DEBT Box of running a fraudulent crypto scheme worth $50 million. However, the court […]

SEC Lawsuit Against DEBT Box Faces Dismissal Amid Allegations of Misrepresentation

DEBT Box and other defendants in a Securities and Exchange Commission (SEC) lawsuit are seeking to have the case dismissed after the court found that the SEC had lied to obtain a temporary restraining order against them. The SEC had accused DEBT Box of running a fraudulent crypto scheme worth $50 million. However, the court […]

Cryptocurrency Industry Ramps Up Lobbying Spending to Shape Regulatory Landscape

Cryptocurrency companies are increasing their lobbying spending in an effort to repair their reputations and advocate for favorable legislation, according to a Reuters report. Despite facing regulatory scrutiny and high-profile scandals, these companies are investing significant resources in engaging with policymakers and building a reasonable regulatory framework. In the first three quarters of 2023, cryptocurrency […]

Cryptocurrency Industry Ramps Up Lobbying Spending to Shape Regulatory Landscape

Cryptocurrency companies are increasing their lobbying spending in an effort to repair their reputations and advocate for favorable legislation, according to a Reuters report. Despite facing regulatory scrutiny and high-profile scandals, these companies are investing significant resources in engaging with policymakers and building a reasonable regulatory framework. In the first three quarters of 2023, cryptocurrency […]

House Subcommittee Hearing Highlights Risks and Opportunities of AI and Digital Assets in Financial Sector

The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion recently held a significant hearing to address the impact of new technologies on the financial sector. Representatives from federal agencies, including the Federal Reserve, SEC, and OCC, testified about the increasing influence of digital assets, distributed ledgers, and artificial intelligence (AI). The hearing […]

House Subcommittee Hearing Highlights Risks and Opportunities of AI and Digital Assets in Financial Sector

The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion recently held a significant hearing to address the impact of new technologies on the financial sector. Representatives from federal agencies, including the Federal Reserve, SEC, and OCC, testified about the increasing influence of digital assets, distributed ledgers, and artificial intelligence (AI). The hearing […]

SEC Extends Comment Period on Grayscale Ethereum ETF Conversion, Decision Expected in Early 2024

The Securities and Exchange Commission (SEC) has extended the comment period on a proposed rule change that would allow NYSE Arca to list and trade shares of the Grayscale Ethereum Trust as an exchange-traded fund (ETF). The extension gives the SEC more time to consider the implications of the rule change, with a decision now […]