Securities

New York State Attorney General Letitia James filed suit against KuCoin on Thursday, alleging the Seychelles-based crypto exchange is violating securities laws by offering tokens, including ether (ETH), that meet the definition of a security without proper registration. Penn State Dickinson Law Professor Tonya Evans discusses the action and the outlook for U.S. crypto regulation. Plus, key takeaways from yesterday's House hearing on the digital asset ecosystem.

10 mrt 2023

In a recent interview with New York magazine, SEC Chair Gary Gensler suggested that all cryptocurrencies other than bitcoin are securities. The direct quote was: "Everything other than bitcoin, you can find a website, you can find a group of entrepreneurs, they might set up their legal entities in a tax haven offshore, they might have a foundation, they might lawyer it up to try to arbitrage and make it hard jurisdictionally or so forth." "The Hash" panel discusses how this might shape future U.S. crypto regulation.

28 feb 2023

Door Nathaniel Whittemore24 feb 2023

Needham & Co. Vice President John Todaro discusses why Coinbase (COIN) shares are jumping and its correlation with bitcoin (BTC). Plus, reaction after the U.S.-based exchange won a dismissal on Wednesday of a proposed class-action lawsuit by customers who claimed Coinbase sold them unregistered securities.

2 feb 2023

Bitcoin (BTC) dropped to a new 23-month low as crypto traders processed the news that Binance might not buy rival FTX after all. Bloomberg reports U.S. securities and commodities regulators are probing whether FTX.com correctly managed client funds, despite statements by the ailing crypto exchange’s CEO, Sam Bankman-Fried, that all customer holdings were covered.

9 nov 2022

Reeve Collins, SmartMedia Technologies co-founder, reacts to a Singapore court ruling that NFTs are properties. "We've known for a long time that NFT is a property ... it's nice to see a court acknowledge that," he says. Plus, his take on NFT regulation in the U.S.; Are NFTs securities?

31 okt 2022

Client demand for crypto was the key factor in launching a crypto custody offering, said BNY Mellon CEO Robin Vince. The Texas State Securities Board is investigating FTX.US over allegations it offers unregistered securities products in the U.S. through its yield-bearing service. It took more than an hour to mine a block of bitcoin (BTC) on Monday.

17 okt 2022

Token management platform Magna closed a $15 million seed round at a $70 million valuation led by venture capital firms Tiger Global and Tusk Venture Partners. Magna co-founder Bruno Faviero joins “First Mover” to discuss how he plans to use the funding during a crypto winter.

22 sep 2022

Ripple General Counsel Stu Alderoty speaks to the hosts of "First Mover" about the latest in the SEC's ongoing case against Ripple Labs. Alderoty said the SEC is "seeking to remake the law, and they don't have the power to remake the law. Only Congress can remake the law."

21 sep 2022

Ripple General Counsel Stu Alderoty speaks to the hosts of “First Mover” about the latest in the SEC’s ongoing case against Ripple Labs. After two years of litigation, both sides have filed motions saying the federal judge has enough information to make a ruling without taking the case to trial.

21 sep 2022