Sec

Coinbase’s SEC Documents Reveal NY Attorney General Wanted ETH Declared Security

The New York State Attorney General asked the U.S. Securities and Exchange Commission to openly declare Ethereum’s ether (ETH) was a security, not a commodity, during the state’s prosecution of KuCoin in 2023, according to a document revealed by …

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VanEck Submits Proposal to Launch First BNB ETF in the U.S.

VanEck has filed paperwork to sell shares in an exchange-traded fund (ETF) tracking crypto exchange Binance’s blockchain. The asset manager submitted an S-1 document with the Securities and Exchange Commission (SEC) on Monday for a BNB ETF, becoming …

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SEC Ditches PayPal’s PYUSD Probe, Removing Key Regulatory Hurdle for Its Stablecoin

The U.S. Securities and Exchange Commission has closed its investigation into PayPal’s dollar-backed stablecoin, PayPal USD (PYUSD), without taking enforcement action, ending a regulatory chapter that began more than a year ago, the company said …

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SOL, XRP and DOGE Spot ETFs Likely to Be Approved by SEC in Coming Months, Analysts Say

Crypto ETF issuers may not have to wait much longer to expand beyond spot bitcoin and ether funds. Bloomberg ETF analysts Eric Balchunas and James Seyffart now see a 75% or greater chance the U.S. Securities and Exchange Commission (SEC) approves a …

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Crypto Coalition Tells SEC Staking Is ‘Essential Good,’ Not a Security

The Crypto Council for Innovation is making a case with the U.S. Securities and Exchange Commission that staking is not only a virtue for digital asset markets, but it should be hands-off for the securities regulator. The group — a coalition of …

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Unicoin CEO Rejects SEC’s Attempt to Settle Enforcement Probe

Unicoin has rebuffed the U.S. Securities and Exchange Commission’s (SEC) attempt to negotiate a settlement agreement to close an ongoing probe into the Miami-based crypto company, its CEO Alex Konanykhin revealed in a Tuesday letter to investors. In …

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Crypto Ally Paul Atkins Sworn In to Replace Gary Gensler Atop U.S. SEC

Paul Atkins has taken the oath to formally become chairman of the U.S. Securities and Exchange Commission, which returns Mark Uyeda to his previous role as a Republican Commissioner after three busy months of service as the agency’s stand-in chief …

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More SEC Case Updates

Late Friday, attorneys with the U.S. Securities and Exchange Commission and Binance filed a joint status report asking a federal judge to continue a 60-day pause in the case for another 60 days. You’re reading State of Crypto, a CoinDesk newsletter …

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U.S. SEC’s Crypto Trading Roundtable Delves Into Easing Path for Platforms

WASHINGTON, D.C. — The U.S. Securities and Exchange Commission could consider a short-term crypto oversight framework to allow firms to keep innovating while the agency works out a more permanent answer to digital assets regulation, interim Chairman …

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New SEC Staff Statement Urges Detailed Crypto Token Disclosures

Crypto companies issuing or dealing with tokens that may be securities should provide detailed disclosures, the U.S. Securities and Exchange Commission (SEC) said on Thursday. The SEC published its latest staff statement on disclosures ahead of its …

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