United States

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    Big Picture

    Crypto Leaders Call For Prioritising the ‘Basics’ in Regulation

    By Ranamita Chakraborty | 15/09/2023

    Ripple CEO Brad Garlinghouse, BitGo CEO Mike Belshe and OKX president Hong Fang discuss the need for clear regulatory priorities in the evolving crypto landscape during a panel discussion at the Token2049 Singapore conference.

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    Sanctions

    US Government Unveils 150 New Russia-related Sanctions

    By Editors | 15/09/2023

    The sanctions include two more Russia-based banks along with several Russia-based wealth management consulting, auditing, and investment firms.

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    Sanctions

    US to Tighten Foreign Investment Scrutiny Amid China Concerns

    By Mark Johnston | 15/09/2023

    CFIUS will increase its compliance checks, questions, and site-visits, and hire more third-party auditors to identify deals that could impact national security.

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    Crypto / Digital Assets

    US SEC Settles Second NFT-related Enforcement Action

    By Editors | 14/09/2023

    Animated web series creator will pay $1mn to settle SEC claims that it conducted an unregistered offering of crypto asset securities. Two commissioners dissented.

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    Enforcement

    US Court Sentences Co-Founder of “OneCoin” Fraud to 20 Years

    By Editors | 14/09/2023

    OneCoin was a fraudulent cryptocurrency that was sold through a pyramid scheme to millions of people from 2014-2016, resulting in $4bn in worldwide losses.

    Securities / Derivatives

    CFTC Extends No-Action Letter for TAIFEX Swaps Clearing

    By Editors | 14/09/2023

    The six month extension allows US persons to continue clearing swaps on TAIFEX for proprietary trades while a formal CFTC exemption is pending.

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    Securities / Derivatives

    Sri Lanka SEC Approves New Listing Rules for SOEs

    By Duruthu E Chandrasekera | 14/09/2023

    A new transitionary board will be set up, allowing SOEs to list and progressively transition to a listing on one of the CSE’s existing boards.

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    Fintech / Regtech

    SEC Philippines Allows Crowdfunding Platforms to Act as Registrars

    By Sanday Chongo Kabange | 14/09/2023

    To date, only traditional financial intermediaries have been allowed to act as registrars under the securities regulation code.

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    Securities / Derivatives

    Industry Bodies Call on SEC to Reassess Custody Rule Proposal

    By Editors | 14/09/2023

    A letter from 26 trade associations calls on the SEC to re-evaluate the costs and economic impacts of its custody rule proposal.

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    Fintech / Regtech

    US SEC Grants Nasdaq Approval to Launch AI-Powered Order Type

    By Sanday Chongo Kabange | 14/09/2023

    The order type enhances liquidity, execution quality improvement outcomes, and fill rates by adjusting dynamically to real-time market conditions.

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