tl;dr
U.S. SEC Chairman Gensler criticized the crypto industry for skirting disclosure requirements, with investigations into companies like Coinbase and Binance ongoing. Meanwhile, Prometheum is set to open as an approved crypto broker-dealer, and CoinDesk was acquired by the Bullish group, majority-owne...
U.S. SEC Chairman Gensler criticized the crypto industry for skirting disclosure requirements, with investigations into companies like Coinbase and Binance ongoing. Meanwhile, Prometheum is set to open as an approved crypto broker-dealer, and CoinDesk was acquired by the Bullish group, majority-owned by Block.one, in November 2023.
In a recent speech, the SEC Chairman highlighted the problem of cryptocurrency businesses avoiding registration requirements and failing to provide mandatory disclosure to investors. The regulator is pursuing enforcement actions against companies like Coinbase Inc. and Binance, and has reportedly considered classifying Ethereum as a security. In parallel, the first crypto broker-dealer, Prometheum, is preparing for launch, and Coinbase is seeking crypto-specific rulemaking from the SEC.
As the crypto industry faces increased scrutiny and regulatory pressure, the landscape of digital assets is poised to undergo significant changes, with key players like CoinDesk, Bullish group, and Block.one playing a significant role in shaping the future of cryptocurrency journalism and exchange ownership.
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