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Guest post by Giovanni Populo The SEC has charged two major cryptocurrency exchanges: Binance and Coinbase. A common charge between both exchanges is that they offered unregistered
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Solana Foundation and Polygon Labs are among the latest entities to push back against the U.S. Securities and Exchange Commission’s (SEC) classification of their respective tokens as securities. Solana Foundation and Polygon Labs push back against
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These forces will likely only drive “more financial activity to DeFi,” one trader said. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto lawyer Jesse Hynes expressed hope that the court supervising the Securities and Exchange Commission’s (SEC) legal action against Ripple would declare XRP a non-security digital asset. According to Hynes, if the court decides to look into
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The United States Commodity Futures Trading Commission (CFTC) filed suit against Binance on March 27 for violations of the Commodities Exchange Act and CFTC regulations. Those violations included transactions with Ether (ETH), according to the suit. This claim, at first glance, touched on a notable point of contention between the
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The Global Crypto Classification Standard, for example, categorizes assets on three levels. The first deals with networks and protocols, be they cryptocurrencies (Bitcoin, Monero, etc), smart contract platforms (for example, Ethereum, Solana), decentralized apps (such as Aave, Uniswap) and so on. The second groups assets by industry and sector, including
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Following the global regulatory race, Australia opened the public consultation on its own taxonomy of crypto assets. The national regulators propose to distinguish four major types of products related to the crypto industry. On Feb. 3, the Australian Treasury released a consultation paper on “Token Mapping,” announcing it as a foundational
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While some early efforts exist to classify digital assets by their use cases, the complexity has rapidly grown, so a hierarchical structure is needed to help investors navigate digital assets at different granularity levels. DACS provides a non-ambiguous structure throughout its hierarchy – meaning each digital asset is only assigned
Read MoreDACS was created in response to the significant growth in terms of the number and types of digital assets offered in the market and the realization that traditional classification standards used for equities and other asset classes could not be adapted accurately to classify digital assets. While DACS is unique
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The petitioners accused the SEC of causing remarkable damage to their XRP coin holdings which has tanked in value since it filed the lawsuit.A small team of XRP cryptocurrency investors has filed a petition with the Rhode Island District Court in a move that appears to be targeted at protecting
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