In a court filing, Circle argued that assets that are pegged to the U.S. dollar, like the Binance USD (BUSD) or its own stablecoin USDC, are not securities, partly because those who purchase the assets are not expecting any profit from acquiring them. According to Circle, payment stablecoins do not have the “features of an investment contract” on their own.…
Invesco, Bitwise and Valkyrie were also hit with delays by the U.S. Securities and Exchange Commission. Source: https://cointelegraph.com/app/public/index.php/news/sec-delays-spot-bitcoin-etfs-blackrock-bitwise-valkyrie-invesco
New York-headquartered crypto exchange Gemini has decided to quit the Netherlands, following in the footsteps of crypto giant Binance. The company cites its inability to meet the regulators’ requirements but says it intends to return to the Dutch market. In a letter to its Dutch users on Sept. 26, Gemini asks them to either withdraw their assets or transfer them…
About the Author Sam Simmons is co-founder and CEO at MintPass, a travel inspiration app powered by digital souvenir collecting. He invests in Web3 as a partner at Dream Ventures, and is an active Cryptopunks and Bored Ape Yacht Club community member. The views expressed here are his own and do not necessarily represent those of Decrypt. Real life experiences…
A new bill in the United States aims to require cryptocurrency service providers to report all blockchain transactions to a government repository. On Sept. 28, U.S. Democrat Representative Don Beyer introduced the “Off-Chain Digital Commodity Transaction Reporting Act,” requiring trading platforms to report all transactions to a repository registered with the Commodity Futures Trading Commission (CFTC). The new legislation aims to protect…
The U.S. Securities and Exchange Commission has again delayed its decision on four prominent Bitcoin exchange-traded funds (ETFs) filings currently under consideration. On September 28, the SEC made separate announcements for BlackRock along with Bitwise, Invesco Galaxy Digital, and Valkyrie. This marks the SEC’s second extension for the BlackRock, Invesco, Galaxy Digital, and Valkyrie Funds in a month. The SEC…
A nonfungible token (NFT) artist raised nearly $140,000 ( £114,000) from an art event in Edinburgh, Scotland to support cancer treatment. Maggie’s Edinburgh — an institution dedicated to free cancer treatment — received £114,000 from Trevor Jones, a popular crypto artist from Scotland, who raised funds at a charity exhibition and auction at an annual Web3 Castle Party near Paris.…
Nvidia, one of the global leaders in artificial intelligence (AI) chip production with headquarters in California, reportedly faced a police raid in its French offices this week. The action came as a part of a general inquiry of French antitrust authorities into the cloud computing sector. On Sept. 28, the Wall Street Journal reported the raid, although neither Nvidia nor the…
“I think he’ll get the maximum sentence” — one lawyer predicts the former FTX CEO could look at life behind bars if convicted of all seven charges. Source: https://cointelegraph.com/app/public/index.php/news/ftx-founder-sam-bankman-fried-sbf-trial-date-jail-how-long
“I think he’ll get the maximum sentence” — one lawyer predicts the former FTX CEO could look at life behind bars if convicted of all seven charges. Source: https://cointelegraph.com/public/index.php/news/ftx-founder-sam-bankman-fried-sbf-trial-date-jail-how-long
