The recent enforcement action taken by the United States Securities and Exchange Commission (SEC) against alleged fraudulent cryptocurrency platforms signals a crucial moment in the fight against investor exploitation in the digital asset space. On September 17, 2024, the SEC announced charges against five entities and three individuals for defrauding investors of nearly $3.2 million […]
New Grayscale XRP Trust Could Lead to ETF Approval
Grayscale Investments has launched an innovative investment product—the Grayscale XRP Trust—which is poised to capture the interest of both accredited investors and institutional entities. While this trust is distinct from an exchange-traded fund (ETF), its creation represents a crucial milestone towards the ultimate approval of an XRP ETF by the U.S. Securities and Exchange Commission […]
Crypto Industry Could See Joint Regulation Under New US Bill
In a significant move to reshape the regulatory landscape for the cryptocurrency industry, US Representative John Rose has introduced the ‘Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets’ Act (BRIDGE Act). This proposed legislation aims to create a unified regulatory framework that fosters innovation while ensuring the safety of investors, amidst ongoing […]