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"The SEC staff requested that Grayscale seek withdrawal of the registration statement promptly," Grayscale said. "Grayscale does not believe that FIL is a security under the federal securities laws and intends to respond promptly to the SEC staff with an explanation of the legal basis for Grayscale’s position. Grayscale cannot
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When constructing a market abuse regime, the U.K. needs to ensure what it sets out is compatible with other jurisdictions that host global crypto companies and can work with standard-setters like the International Organization of Securities Commissions, Group of Seven (G7) and Group of 20 (G20), said Nick Taylor, head
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Canadians are being asked to submit what features they want to be included in a potential digital Canadian dollar, with the country’s central bank opening a consultation to the public.On May 8, the Bank of Canada (BoC) launched a public consultation that will run until June 19, noting it’s exploring a
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Crypto exchange Kraken is taking the fight against the United States Internal Revenue Service (IRS) and its demand to present critical exchange user information to the court. The exchange deemed IRS’s demand for customer information as an “unjustified treasure hunt.”The crypto exchange has requested a federal court in San Francisco
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The filing is a preemptive move by the crypto exchange to argue that the SEC's approach doesn't provide sufficient regulatory guidance for U.S. crypto firms. Source
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However, the advisory group – led by Chair Christopher Mirabile of Launchpad Venture Group and Vice Chair Leslie Van Buskirk, the administrator of the Wisconsin Department of Financial Institutions’ securities division – backed him on almost everything else, including that “virtually all, if not all, crypto tokens are securities and
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Tesla and Twitter CEO Elon Musk has asked a U.S. judge to dismiss a $258 billion lawsuit filed against him by dogecoin investors. They alleged that the billionaire operated a pyramid scheme to promote the meme cryptocurrency dogecoin. “There is nothing unlawful about tweeting words of support for, or funny
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Coinbase CEO, Brian Armstrong, has issued a call to action to the crypto community, asking it to support and vote for crypto-friendly politicians in the next United States elections. Armstrong’s clarion call The cryptocurrency industry is facing a lot of regulatory uncertainty in the United States, especially after the recent actions of
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Australia’s prudential regulator has reportedly asked local banks to report on cryptocurrency transactions amid the ongoing contagion of Silicon Valley Bank’s (SVB) collapse.The Australian Prudential Regulation Authority (APRA) has started requesting banks to declare their exposures to startups and crypto-related companies, the Australian Financial Review reported on March 21.The regulator
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The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new financial technologies. Russian Crypto Businesses Want Putin to Engage With Regulatory Process The Russian Association of Cryptoeconomics,
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