UK Publishes Regulations for a Digital Securities Sandbox
The sandbox will let regulators and companies test solutions, including distributed ledger technology, to tokenize securities.
Regulations
FTX Files Reorganization Plan to End Bankruptcy
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.
U.S. SEC Denies Coinbase’s Push for Crypto Regulations as ‘Unwarranted’
U.S. crypto exchange Coinbase’s petition to the Securities and Exchange Commission (SEC) to prod it toward a system of tailored rules for digital assets was rejected by the regulator on Friday.
Lawmaker Calls for the UK Government to Do More for Blockchain
Member of Parliament Natalie Elphicke also announced that the parliamentary group she chairs will be hosting industry round tables and a call for evidence.
Crypto Firm SafeMoon Files for Chapter 7 Bankruptcy, SFM Plunges 42%
The firm’s executives were arrested last month on multiple charges.
Financial Regulators Reiterate Call for Legislation to Address Crypto Risks
Congress needs to pass laws addressing stablecoins and non-securities spot markets, the Financial Stability Oversight Council said in its latest annual report.
Global Banking Regulator Wants Tougher Criteria for Giving Stablecoins Preferential Risk Treatment
The Basel Committee for Banking Supervision wants to tighten requirements that allow stablecoins to qualify as less risky than unbacked cryptocurrencies like bitcoin.
In Search of the Elusive Crypto Voter
On Monday, a New Hampshire state representative asked a mostly-filled room at an industry campaign event to raise their hands if they were visiting from another state. More than half the people in the room raised their hands. These visitors had come to hear from industry representatives, state lawmakers and – perhaps most importantly – three presidential candidates talk about the upcoming election.
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers’ Recoveries
A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer’s funds from the failed crypto firm’s estate.
CFTC Pushes FTX-Inspired Rule to Protect Customers’ Money
(Jesse Hamilton/CoinDesk)