Search results for: Reg a+
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Crypto Insider: How Crypto Investors Can Fight for Regulatory Clarity
Last July, Coinbase asked the SEC to undergo a formal rulemaking process for crypto so that exchanges, crypto startups, and the crypto community at large would understand how to operate. The SEC sat on the request and chose not to respond to it. So last month Coinbase sued the SEC in an effort to make the agency do its job. …
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The Kind of Regulatory Moment Crypto Needs
Crypto Market Musings As I write, bitcoin is trading around $29,000. Ethereum is trading close to $1,900. And the rest of the markets are a mess. Welcome to crypto allergy season, everyone. The bear market is over. The bull market hasn’t started. That means cryptos aren’t moving up in lockstep. And they’re not moving down in unison. Some days will…
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Crypto Insider: Gary Gensler Slammed for Confusing Crypto Regulations
On Tuesday, Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House about the SEC’s crackdown on crypto. And it wasn’t pretty. Gensler declined to answer some very direct questions about conflicting and confusing regulations. House Republicans, including House Financial Services Committee Chair Patrick McHenry, tore into Gensler for the SEC’s unclear and hard line approach. “Regulation by…
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Crypto’s Two Biggest Exchanges Get Heat From Regulators
Crypto Market Musings Bitcoin broke through the $28,000 barrier (and for one brief moment topped $29,000) on Wednesday after spending about a week trading in the $27,000 range. It’s currently trading at $28,460.27. Most cryptos rallied behind bitcoin’s big Wednesday surge (more than 5%). Ethereum jumped almost 4%. And Polygon was up almost 6%. Ethereum is currently trading around $1,831.30.…
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Crypto Monitor: The Ongoing Battle for Clear Crypto Regulations
The Digital Assets Subcommittee Hearing happened in Washington last week. Congress heard from a number of people both within and outside of the crypto industry. Testimonies included that of Coinbase Chief Legal Officer Paul Grewal, BitGo CEO Mike Belshe, and Penn State Dickinson Law professor Tonya Evans. All three gave impassioned pleas for the government to work with the crypto…
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Crypto Monitor: Banking Regulators Rattle Off Their Crypto Fears
Banking regulators are worried about crypto. Again. On January 3, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (OCC) issued a joint statement warning about “significant” risks crypto assets may pose to the broader banking system. “It is important that risks related to the crypto-asset sector that cannot be mitigated or…
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Crypto Regulations Are on the Horizon
I had planned on writing about startups today. A major scientific breakthrough in fusion happened this week. The implications for humanity and startups are astounding. But then two massive crypto stories broke, so startups (and fusion) will have to wait. Bahamian authorities arrested disgraced FTX co-founder Sam Bankman-Fried on Monday after the U.S. Attorney for the Southern District of New…
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FTX and the Crypto Regulations Still to Come
It’s been a crazy couple of weeks in the crypto market as it tries to sort through the fallout of crypto exchange FTX filing for bankruptcy. For a more detailed account of how it happened, please read this update I wrote for Early Investing members. Today, I’m focusing on how large-cap crypto investors should approach investing in the wake of…
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The Early Investing Podcast: The Perfect Crypto Regulations
Crypto is in a weird regulatory position. It doesn’t fit neatly into any one legal category — not securities, commodities, protocols or anything else. The SEC doesn’t quite know how to handle it. Meanwhile, the crypto community is worried that the government will enact stifling regulations that hinder the growth of the crypto industry. But what if instead of focusing…
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Regulators Try to Tighten Their Grip on Crypto
Crypto Market Musings On Wednesday, the Fed raised interest rates for the third time this year by 75 basis points. Both the stock and crypto markets responded quickly to the aggressive rate hike. As of this writing, bitcoin is down 2.6% and trading below $19,000. Ethereum fell by 6.6% and is trading below $1,300. Last week ethereum fell by 16%…
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Biden Pushes Government to Regulate Crypto
President Biden signed an executive order earlier this month that directs several federal agencies to develop policies and regulations for cryptocurrencies. Mainstream media reports — and some crypto analysts — linked this development to the U.S. trying to stop Russia from evading financial sanctions that were imposed after Russia invaded Ukraine. Those reports are wrong. This executive order has been…
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Why Regulation Plays Are Often the Best Investment Opportunities
I once ran a business in Asia. And the only reason I made a bit of money was because I was more lucky than business savvy. But when I went to Thailand, I was prepared. I had a great plan. Thailand had just approved some new environmental rules. It held gasoline distributors to a higher standard for what constitutes air…
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New Pick: New Space Regulations Are Poised to Launch This Startup to Success
The five most exciting future markets are, in no particular order, robotics, medtech, fintech, energy and space/aerospace. But only one of them is harboring a big ugly secret. And that’s the space market. Imagine the FDA allowing companies to avoid listing harmful side effects on their drug labels… the Department of Transportation greenlighting autonomous vehicles with software that can’t identify…
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Crypto Insider: SEC Stealth Regulations Threaten the Crypto Industry
The SEC decided to increase its regulatory oversight of alternative trading systems — specifically those dealing with government securities (treasurys, debt, etc.). Notably, this expanded oversight opens the door for regulators to poke their noses into crypto. It will allow them to regulate DeFi (decentralized finance), crypto exchanges and more. So how did this happen? And what does this mean…
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Crypto Insider: Regulators Set Their Sights on DeFi
DeFi — or decentralized finance — is a hot topic in the crypto world these days. And regulators have their sights set on DeFi. In part, regulators are worried about potential fraud and scams. But, interestingly enough, they’re also focusing on what they think are centralized coins. So they’re targeting decentralized finance that’s actually centralized. In this episode of Crypto…
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Crypto Insider: Regulators Push for Crypto Rules
Legislators have caught crypto fever once again. In August, we covered Congress’ $1 trillion infrastructure bill, which includes overly broad language that forces most anyone who touches a crypto transaction to report it to the IRS. That requirement isn’t feasible for software developers, crypto miners and many other folks who have no data to report. And now, the SEC (Securities…