In letter to SEC, Citadel Securities calls for formal rule-making on tokenization
Citadel Securities has urged the US SEC to proceed more slowly on allowing tokenized securities. The firm warns that a rushed approach could lead to investor confusion and “self-serving regulatory…
Bitfinex Securities launches first tokenized US Treasury bill in El Salvador
Bitfinex Securities is teaming up with NexBridge to bring a tokenized US Treasury bill to El Salvador. USTBL leverages Bitcoin’s technology of Liquid Network and Blockstream AMP. Proceeds of the…
Immutable becomes the latest to receive a Wells notice from the SEC over alleged securities laws
Immutable claims the notice is “targeting the listing and private sales of IMX in 2021 Immutable joins the likes of Coinbase Crypto.com, and OpenSea who have received Wells notices from…
BoE and FCA launch Digital Securities Sandbox to explore DLT
The DSS has the “potential to improve efficiency and reduce costs” in financial markets The sandbox will boost the UK’s position as a “vibrant financial centre” The DSS will operate…
SEC charges Abra for offering unregistered crypto securities
SEC has charged Abra with securities violations related to the crypto platform’s Abra Earn program. The regulator previously charged Genesis and Gemini crypto exchange over securities violations related to Gemini…
Hong Kong’s largest online broker Futu Securities launches Bitcoin and Ethereum trading
Futu Securities launches Bitcoin and Ethereum trading in Hong Kong with zero fees. New users can receive incentives like Bitcoin or shares of Alibaba and Nvidia. Futu seeks a crypto…
SEC withdraws claims that ADA, MATIC, and SOL are securities in its Binance lawsuit
SEC retracts request to classify ADA, MATIC, and SOL as securities in Binance suit. Affected tokens include ADA, MATIC, SOL, BNB, BUSD, and others. The shift in SEC’s stance follows…
French securities regulator, AMF, issues warning on Bybit
The AMF has blacklisted Bybit since May 2022 due to regulatory infractions. French investors urged to prepare for potential service halt. Besides France, Bybit faces global scrutiny and it has…
Bakkt gets approval for $150M securities sale
Bakkt announced that its Form S-3 for a shelf registration is now effective after SEC approval. The crypto firm can raise $150 million from securitities sales over three years. In…
Judge rules Terraform Labs violated rules: LUNA and MIR deemed securities
Federal Judge Rakoff rules $LUNA and $MIR as securities, finding Terraform Labs violated U.S. laws. SEC trial, scheduled Jan 29, 2024, centres on Terra’s UST stablecoin collapse and $25M alleged…