securities

  • Coinbase Claims Cryptocurrency on Its Platform is Not Securities

    It is reported that according to the latest amicus curiae briefing submitted by Coinbase, the cryptocurrency exchange claimed that the cryptocurrency on its platform was not securities, and that Coinbase would also be willing to list securities products if the United States Securities and Exchange Commission gave appropriate guidance and regulations. Coinbase wrote in the briefing: “The United States Securities and Exchange Commission believes that digital assets are qualified as securities because they belong to investment contracts, but for encrypted assets, the legal term lacks two basic attributes. They are neither contracts nor investments.” (coindesk) Coinbase: If the SEC makes rules, it is willing to list securities Analysis based on this information:In the latest amicus curiae briefing submitted by Coinbase, the cryptocurrency exchange claims that the cryptocurrency on its platform is not securities. This stance is in contradiction to the United States Securities and Exchange Commission (SEC), which believes that digital assets are qualified as securities because they belong to…

    03/14/2023
    104
  • Coinbase’s Struggle with Securities Regulation

    On March 14, Paul Grewal, chief legal officer of Coinbase, tweeted: “Coinbase has no online securities, but we want to go online. Last year, we even requested the United States Securities and Exchange Commission (SEC) We began to formulate rules on this issue and put forward 50 questions, but we did not receive any reply. Instead of focusing on practical and durable solutions such as rulemaking or registration options, regulators have given priority to such actions that distort the legal definition of investment contracts beyond recognition. The rule of law is very important. The Ministry of Justice admitted this when accusing our former employees and their associates of wire transfer fraud rather than securities fraud. This is reasonable. The reason is simple. The assets involved are not securities. “ Financial officer of Coinbase: The regulatory authority did not focus on practical and durable solutions such as rulemaking or registration options Analysis based on this information:In March 2021, Coinbase’s Chief Legal…

    03/14/2023
    124
  • DraftKings’ NFT Series Faces Litigation for Alleged Unregistered Securities

    According to reports, according to NFTgators’ disclosure on social media, DraftKings is facing litigation for allegedly selling unregistered securities and operating unregistered stock exchanges in the form of NFT. Draftkins, a digital sports entertainment and game company, has launched the Primetime NFT series “2022 College Hoops Collection”. The NFT series will be launched during the college basketball national championship in March. The company has also reached a cooperation with the NFT company Metabilia to launch some NFTs based on the youngest players of the Major League Baseball (MLB). DraftKings faces litigation for allegedly selling unregistered securities and operating unregistered stock exchanges in the form of NFT Analysis based on this information:DraftKings, a digital sports entertainment and game company, is facing a potential legal issue for allegedly selling unregistered securities and operating unregistered stock exchanges in the form of NFTs. This came after the disclosure of NFTgators on social media. The disclosure has yet to be verified, but if the allegations…

    03/12/2023
    116
  • SVB Moffettnathanson to Continue Operations as Normal

    It is reported that SVB Moffettnathanson, a securities division of Silicon Valley Bank (SVB), is expected to continue its normal operation. The departments under SVB Securities are expected to continue to operate normally Analysis based on this information:The announcement that SVB Moffettnathanson, a securities division of Silicon Valley Bank (SVB), will continue its normal operations is a positive sign for the industry. The report states that the division will not be affected by the recent changes at SVB, and will continue to provide the same high-quality services that its clients have come to expect. SVB Moffettnathanson is a securities division that focuses on providing investment banking and brokerage services to its clients. It has built a reputation for being a reliable and trustworthy partner, and its clients include some of the most successful companies in the tech industry. The fact that SVB Moffettnathanson will continue its normal operations is significant because it signals that the recent changes at SVB will…

    03/12/2023
    121
  • The New York Attorney General Goes After KuCoin for Operating Without a License in the State

    It is reported that the Attorney General of New York launched another lawsuit against the cryptocurrency industry, accusing KuCoin, one of the most popular cry…

    03/10/2023
    116
  • NFT Regulation in Germany

    On March 8, the BaFin Journal of the German Federal Financial Supervisory Authority (BaFin) reported that in the regulatory review of NFT, the BaFin process is…

    03/08/2023
    119
  • Chairman of the SEC suggests that Bitcoin is not a security

    According to reports, Gary Gensler, chairman of the Securities and Exchange Commission (SEC), said in an interview with New York Magazine in February that ever…

    03/07/2023
    107
  • Voyager Digital Denies SEC’s Allegation about VGX Token as Securities

    It is reported that according to the latest court documents submitted by the encryption lender Voyager Digital, Voyager denied the SEC\’s allegation that \”its n…

    03/06/2023
    132
  • SEC Lawyer: Voyager Digital’s Cryptocurrency is a Security that should be Regulated

    It is reported that a lawyer from the Securities and Exchange Commission of the United States said in court on Friday that the new cryptocurrency that Voyager …

    03/04/2023
    117
  • Coinbase Vice President on Token Security in the United States

    It is reported that Scott Bauguess, Vice President of Coinbase Global Regulatory Policy, said in the panel discussion at the digital asset seminar on Thursday …

    03/03/2023
    122
  • Coinbase CEO Believes Pledge Products are Not Securities

    According to reports, Brian Armstrong, chief executive of Coinbase, said in an interview with Bloomberg TV that the pledge products of Coinbase are not securit…

    03/02/2023
    122
  • Dapper Labs Faces Hurdle in Class Action Against Top Shot NFT, Highlights Future of NFTs

    According to reports, lawyers said that Dapper Labs might not succeed in the class action against its Top Shot NFT, and other projects should be paid attention…

    03/01/2023
    152
  • SEC Chairman Asserts that Only Bitcoin is Not a Security Under SEC Jurisdiction

    According to reports, Gary Gensler, chairman of the Securities and Exchange Commission (SEC), said in an interview with the New York Times that almost all type…

    02/27/2023
    101
  • Federal Judge Rules NBA Brand “Top Shot” NFTs May be Securities

    According to reports, a federal judge ruled on Wednesday that the issuance of the NBA brand \”Top Shot\” NFT of Dapper Labs may be securities.

    The judge …

    02/23/2023
    137
  • Paul Grewal of Coinbase Calls for Supervision of SEC Under Rule of Law

    According to reports, Paul Grewal, the chief legal officer of Coinbase, said that the supervision of the United States Securities and Exchange Commission (SEC)…

    02/17/2023
    127
  • Korea Financial Supervision Institute Begins Review of Virtual Assets as Securities

    On February 14, according to foreign media reports, the Korea Financial Supervision Institute began to directly review whether the virtual assets have the prop…

    02/14/2023
    128