A federal judge is reportedly ruling that top US-based crypto exchange Coinbase must face a class action lawsuit in New York. According to a new report from Reuters, Paul Engelmayer, a judge for the Southern District of New York, is rejecting Coinbase’s argument that it did not qualify as a “statutory seller” to dismiss a…
Dark PoolDark pools are private trading venues or exchanges where institutional investors, such as mutual funds, hedge funds, and pension funds, can trade large blocks of securities away fr… Trading refers to the trading of securities that occurs away from public exchanges, in private venues or platforms known as “dark poolsDark pools are private trading…
Crypto.com has sued the SEC, claiming violations of its rights after receiving a Wells Notice accusing it of operating as an unregistered broker-dealer and securities clearing agency. The lawsuit challenges the SEC’s authority to classify certain digital assets as securities and parallels Ripple’s ongoing legal battle, emphasizing the uncertainty surrounding cryptocurrency regulations. The outcome of…
To legally validate and streamline disclosure in respect of debenture trustee appointments in offer documents, markets regulator Sebi has proposed to replace the term ‘consent letter’ with ‘debenture trustee agreement‘. The change will streamline the process for appointing debenture trustees in the issuance of securities, ensure transparency in the appointment of debenture trustees, and play…
Key takeaways: Commissioner Mark Uyeda of the SEC stated that the tokenization of assets, including securities, had potential advantages. Uyeda claimed tokenization streamlines transactions and lowers transaction costs by disregarding the need for middlemen. Commissioner Mark Uyeda of the SEC stated that the tokenization of assets, including securities, had potential advantages. On Friday, Uyeda stated…