The SEC’s approach—regulation by enforcement—towards regulating the uncharted crypto sphere is one of the few seemingly predictable aspects of crypto. Continuing its approach of regulation by enforcement, the SEC has charged crypto exchange Kraken for conducting an illegal unregistered securities offering through its staking-as-a-service (SaaS) program. Staking-as-a-service is essentially when a trusted staking provider lets … Continue reading The SEC is Kraken Down
Largely due to the FTX scandal, the crypto market is currently facing a crypto winter with unexpected lows. Recently, much focus has been on the negatives— the crypto market shrinking by $1.4 trillion, Bitcoin losing 60% of its value, and investor security unraveling to name a few. Undeniably, the FTX case of greed stands, and … Continue reading In the Wake of FTX & Into the New Year: The Ethereum Merge & The Evolution of Crypto
Police in The Bahamas have taken SBF into custody less than 24 hours before he was set to provide a digital testimony to US Congress. No more video games for Sam Bankman-Fried (SBF)—On December 12, 2022, the Office of the Attorney General of The Bahamas announced the arrest of SBF. SBF’s arrest by the Royal … Continue reading The Night Before Scheduled Congressional Hearing, SBF IS ARRESTED . . . Oh What a Time
As the weather gets colder and we approach the winter, the cryptosphere continues to be a chaotic wild west of sorts. Front and center in this week’s volatile activity has been FTX. What began with a headline announcing Binance’s plan to acquire FTX soon turned into a week-long saga of unprecedented chaos culminating with FTX, … Continue reading THE MOST GENEROUS BILLIONAIRE IN THE WORLD & A MAN OF THE PEOPLE: SAM BANKMAN-FRIED (SBF) COMMITS THE BIGGEST CRIME OF THE CENTURY💸
Breaking news in the Web3 space, the SEC is now probing crypto leader Yuga Labs over unregistered offerings, specifically the leader’s NFTs and ApeCoin, a cryptocurrency issued by ApeCoin DAO that was adopted by Yuga. At issue is whether non fungible tokens (NFTs) are investment contracts and thus securities. To determine whether NFTs are securities, … Continue reading Webs Galore in Web3: NFTs in the SEC’s Eye
On March 31, 2022, the Securities and Exchange Commission (“SEC”) released Staff Accounting Bulletin No. 121 (“SAB 121”) to provide guidance for companies in their handling of crypto-assets and to provide investors with the knowledge to make informed decisions. Specifically, SAB 121 focuses on the reporting and disclosure requirements for companies who hold crypto-assets, as … Continue reading More Certainty or More Ambiguity for Crypto-Asset Regulation?
A Leader in Cryptocurrency Exchange, Binance is a cryptocurrency exchange where users can buy, sell, and trade crypto in the US. Binance is distinguished from other prominent trading platforms such as Coinbase in that it offers global crypto exchange services and offers trading, institutional benefits, and digital storage to more than just US users. Recently, … Continue reading Uncovering the Mystery of Crypto Markets: Binance
on court with steph 