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On Tuesday, the crypto industry was shaken after news of the indictment of one of a Bitcoin early investors broke. Per the reports, the US Department of Justice (DOJ) pressed multiple charges against Roger Ver, a controversial figure in the space known as “Bitcoin Jesus.
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Ethereum (ETH) has faced some regulatory turmoil amid rumors of a rejection of ETH spot exchange-traded funds (ETF) in May.
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In a move signaling the maturation of the crypto market in Thailand, Bitkub Capital Group Holdings, the proprietor of the nation’s foremost crypto exchange, has announced its intention to conduct an initial public offering (IPO) by 2025.
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American investment advisers, VanEck Associates, have been formally penalized by the United States Securities and Exchange Commission (SEC) for violating transparency laws.
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Ark Invest’s CEO Cathie Wood predicts there will only likely be Bitcoin and Ethereum spot ETFs in the US. This is based on her belief that the Securities and Exchange Commission (SEC) will unlikely approve funds that do not hold the two most significant crypto tokens by market cap.
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John Karony, CEO of the bankrupt crypto firm SafeMoon, has experienced a setback in his legal defense following his attorneys’ decision to withdraw from the case. Karony is currently facing criminal charges for conspiracy to commit wire fraud, money laundering, and securities fraud in the US.
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Following the recent dismissal of the case against crypto firm Digital Licensing by the US Securities and Exchange Commission (SEC), a group of US Senators have sent a letter to the agency’s chair, Gary Gensler, expressing concerns about the handling of the case.
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OKX, a major player in the global crypto trading market, is currently facing scrutiny in South Korea.
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The approval of spot Bitcoin ETFs (Exchange Traded Funds) in the United States has had unforeseen consequences for the nascent sector. These changes go beyond the market and its dynamics, as the BTC price stalls around its current levels and seems to have a more profound impact on regulations.
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