Search results for Regulation Cryptoasset
Crypto
U.S. SEC revises crypto custody rules, clarifies safekeeping standards
The U.S. Securities and Exchange Commission has submitted to the White House Office of Management and Budget a revised rule on cryptocurrency custody for investment advisers and investment companies. The proposal would remove parts of the existing custody framework while setting clearer standards for holding crypto assets. The SEC filed it on Aug. 25 and details are expected after OMB review, followed by a vote and more than 60 days of public comment.
Crypto
Bitcoin nears $80,000 threshold as Treasury buybacks fuel rally
Bitcoin extended a rally toward $80,000 after gains tied to U.S. regulatory moves, a White House crypto summit and plans to expand long-term Treasury buybacks. XRP posted sharp weekly gains and broke a long-term downtrend line, while officials at the summit said an era of enforcement-focused regulation had ended. Market warnings persisted amid heavy short liquidations. In South Korea, Upbit and Bithumb saw surging volumes led by XRP.
Crypto
U.S. SEC to revise crypto fundraising rules, proposes registration exemptions and safe harbor
The U.S. Securities and Exchange Commission has proposed a new set of rules for crypto-related fundraising called Regulation Cryptoasset. The proposal would create exemptions from registration under the Securities Act of 1933 for certain investment contracts and includes a safe-harbor provision to prevent some crypto assets from being classified as securities. It sets two fundraising exemptions, adds disclosure and reporting requirements, and would make federal rules take precedence over state laws for issuance and some secondary trades.