Will Biden Get the Final Say Over a Controversial Crypto Accounting Rule?
Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”
SEC
Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan
The potential legal action against Robin Hood should be viewed as a continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities, the report said.
Crypto Wallet Provider Exodus’ NYSE American Stock Listing Postponed for SEC Review
Crypto wallet company Exodus Movement will not be listing on NYSE American, the New York Stock Exchange’s sibling market, on Thursday as planned, the company announced late Wednesday.
Robinhood’s Q1 Crypto Trading Volume Surged 224% as SEC Action Looms
The popular trading platform also beat first quarter revenue and earnings estimates.
The Crypto Lawsuit State of Play
Last month, Ethereum incubator ConsenSys sued the U.S. Securities and Exchange Commission (SEC) for an injunction asking a federal court to block the regulator from investigating its MetaMask offering or from declaring Ether (ETH) a security. It’s the latest company to follow a growing trend of preemptive litigation against the SEC.
The SEC Can’t Stop Suing Crypto Companies
Robinhood apparently made strenuous efforts to comply with the agency, even applying to become a special purpose crypto broker-dealer. The SEC is likely to sue for alleged securities violations in any case.
Robinhood Gains 2%, Erasing Early Losses Following SEC Wells Notice
The trading platform previously ended support for all tokens that were named in SEC lawsuits against Binance and Coinbase.
TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory Approval
Ironlight, helmed by the former global head of trading of Schroeder and Abu Dhabi’s sovereign wealth fund ADIA with the ex-CEO of TD Bank as an adviser, aims to be a premier tokenization, listing and trading ecosystem for real-world assets targeting big investors.
Why Eigenlayer’s Airdrop Is Controversial
Although it’s actually conservative.
Consensys, a Target for the SEC’s Assault on ETH, Is Fighting Back
ConsenSys founder Joseph Lubin is also a co-founder of Ethereum. (CoinDesk)