SEC

The War of Words Between Coinbase and the SEC Continues
The Financial Times spoke with Coinbase CEO Brian Armstrong and the crypto exchange leader said the SEC recommendation left them no choice but to head to court. Armstrong also told the publication that the agency had asked Coinbase to stop trading in all cryptocurrencies other than bitcoin prior to suing the exchange. "The Hash" panel discusses the wave of lawsuits recently filed by the regulator and the debate over whether bitcoin is a security or commodity.

SEC Told Coinbase to Stop Trading in All Cryptos Except Bitcoin Before Suing: FT
Armstrong said the SEC recommendation left them no choice but to head to court.

Ripple Exec on Palau Stablecoin Trial on XRP Ledger, SEC Case Ruling
Ripple vice president of central bank engagements and CBDCs James Wallis joins "First Mover" to discuss his insights into the country of Palau leveraging Ripple's CBDC platform and starting a stablecoin trial on the XRP Ledger. Wallis also weighs in on Ripple Labs scoring a partial win against the SEC earlier this month after a judge ruled the sale of Ripple's XRP tokens on exchanges and through algorithms did not constitute investment contracts.

U.S.-Listed Crypto Firms Will Need to Report Cybersecurity Breaches
Companies are poised to begin reporting cybersecurity incidents and strategies to the SEC later this year.

Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America
Ripple’s XRP offerings are unique, and the wider applications of the court’s ruling are difficult to determine, the report said.

Market 'Trying Hard' to Get Through Regulatory Scrutiny to Offer Spot Bitcoin ETF: Analyst
The clock is ticking this week for the U.S. Securities and Exchange Commission's (SEC) decision on whether to approve or reject six applications – including BlackRock's – to list a spot bitcoin exchange-traded funds (ETFs). Cinthia Murphy, ETF Think Tank research director, sheds light on understanding the spot bitcoin ETF race in the U.S.

Closer Look at XRP, Bitcoin Performance; Web3 Funding from Venture Capital Funds Slumps
Host Angie Lau breaks down the latest crypto market movements, with a focus on XRP after Ripple's partial win in its legal battle against the U.S. Securities and Exchange Commissioner (SEC). Plus, the latest in Web3 developments as venture funding in the space slows down. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."

Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto
If a financial giant can’t navigate the red tape, who can?

Nasdaq Must Weigh Reputational Risks Amid Other 'Less Than Sterling' Crypto Players: Legal Expert
Howard Fischer, Moses Singer partner and former SEC senior trial counsel, weighs in on Nasdaq dropping its plans for a crypto custody service. Fischer notes the stock market operator may have considered the potential concerns over its reputation when analyzing how certain players are operating within the digital asset industry, citing the blowup of crypto exchange FTX.

Legal Expert on Nasdaq Pausing Crypto Custody Plans, SEC Chair Gensler's Testimony
Nasdaq CEO Adena Friedman said in an earnings call on Wednesday that the firm is dropping its plans for a crypto custody service due to a "shifting" regulatory climate in U.S. Moses Singer partner and former SEC senior trial counsel Howard Fischer joins "First Mover" to discuss the stock market operator's decision and his reaction to SEC Chair Gensler's recent testimony before lawmakers.

