SEC’s Hester Peirce pushes back on crypto regulation stance
SEC Commissioner Hester Peirce defended her approach to cryptocurrency regulation during a Bloomberg interview, prioritizing an innovation-friendly approach, rather than restrictive oversight. Peirce, head of the Securities and Exchange Crypto Task Force, said in a recent Bloomberg interview she does not consider herself to be “an advocate of the industry,” rather she is a “freedom […]
SEC’s top crypto prosecutor reassigned to IT unit
U.S. President Trump’s Securities and Exchange Commission has advanced staff changes with a shuffle in its crypto-focused litigation team amid plans to scale back enforcement actions. Jorge Tenreiro, the Securities and Exchange Commission’s top crypto prosecutor, has reportedly been moved to the agency’s IT department as regulators shift course on digital asset lawsuits. Tenreiro led […]
US court criticizes SEC’s crypto action in Coinbase case
The U.S. Court of Appeals for the Third Circuit has partially ruled in favor of Coinbase in its legal challenge against the Securities and Exchange Commission. The court found that the SEC’s decision to deny Coinbase’s 2022 petition for rulemaking on crypto and securities regulations was “arbitrary and capricious,” according to Coinbase CLO Paul Grewal […]
SEC’s spot Ether ETF concerns unfounded, Consensys asserts
Consensys refutes SEC concerns on Ethereum fraud risks for spot Ether ETFs, citing superior security to Bitcoin. According to Bloomberg analysts, the approval odds for spot Ether ETFs in May stand at about 30%. Grayscale remains optimistic about SEC approval. Source link
CFTC commissioner warns against infringing on SEC’s authority in KuCoin case
CFTC Commissioner Caroline Pham suggested the regulator was “conflating a financial instrument with a financial activity” in its enforcement action against KuCoin. Source link
