US lawmakers demand SEC-FINRA records on Prometheum ETH custody
[May 22 3:07 PM] Prometheum’s willingness to play along with the SEC’s ambitions for crypto regulation has stirred disapproval in many quarters.
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Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker
[May 5 8:19 AM] A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally…
The Catch-22 of U.S. Crypto Regulation
[Mar 1 3:05 PM] The SEC is asking crypto and fintech firms to do the impossible. Only Congress can stop that.
Prometheum, the Only U.S.-Registered Crypto Platform, Picks Ether as Its First Product
[Feb 7 7:35 AM] Prometheum Inc. – still standing alone as the only U.S.-registered crypto securities platform – has disclosed that the first digital asset it'll handle for clients will be ether {{ETH}}.
Prometheum Earns Final Regulatory Nod to Try Hand at Fully-Compliant Crypto
[Dec 21, 2023 8:51 AM] Prometheum Inc., with the latest regulatory notch on its belt, is about to finally test whether a viable crypto platform can operate entirely within U.S. Securities and Exchange Commission (SEC) regulations.
Binance Obtains Dubai License to Provide Crypto Exchange Services
[Aug 2, 2023 5:30 AM] The world’s largest cryptocurrency exchange, Binance, has received a license to operate in Dubai as a regulated platform. The authorization will allow the crypto giant to offer exchange and other services for virtual assets to institutional and…
U.S. SEC Warns Advisers They Need to Know Crypto Before Recommending to Clients
[Apr 20, 2023 1:00 PM] The U.S. Securities and Exchange Commission (SEC) is advising brokers and investment advisers that they need to use heightened scrutiny when it comes to making crypto recommendations to ensure the risky products are in the best interests of their…
Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations
[Apr 17, 2023 8:00 AM] According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice…
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security
[Mar 9, 2023 3:50 PM] On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney…
Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
SEC proposes tougher rules as part of its crypto custody crackdown
[Feb 15, 2023 8:51 PM] The new proposals set forth by the Gensler-led Securities and Exchange Commission seek to “expand the scope” of rules set out by the 2009 Custody Rules.
SEC to up scrutiny of firms offering or giving advice about crypto
[Feb 8, 2023 12:17 AM] Registered crypto brokers and advisors may need to be on edge when giving advice this year, after a recent warning from the SEC.