Amidst an onslaught of development in the DeFi ecosystem, top-level securities firms are now encouraging regulators to move in and provide oversight. Doing so, the firms say, is essential to build long-term confidence in DeFi and protect users.
Grayscale, the world’s largest digital asset manager, is now one step closer to launching a Bitcoin spot exchange-traded fund (ETF) after its application was allowed to progress by the SEC. With a new roadmap for success, its Bitcoin-backed ETF could be on the way soon.
Crypto lawyer Emma Traczyk is adamant: Implying that all non-fungible tokens (NFTs) are subject to federal securities law “creates a false pretense” and is “problematic” in her opinion. According to Traczyk, this could lead to confusion and increased regulatory compliance costs.
As the blockchain-based markets for non-fungible tokens (NFTs) rapidly expand, the question of their status as securities or investment contracts has landed in the cross-hairs of the U.S. Securities and Exchange Commission (SEC) in the form of a lawsuit.
Hong Kong’s Securities and Futures Commission has granted in-principle approval to the Hong Kong Vaccines & Vaccination Technologies Exchange (HKVAX), a securities trading platform dedicated to vaccines.