The US Securities and Exchange Commission (SEC) has dropped its case against Consensys, the company behind the widely used MetaMask wallet, marking a significant shift in regulatory actions against the crypto sector.
The SEC clarified that meme coins are not securities under US law, but warned that fraudulent tokens could still face enforcement from other agencies.
The intersection of politics and cryptocurrency is once again under scrutiny as House Democrats, led by Congressman Sam Liccardo (D-CA), introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act.
Cryptocurrency prices are down sharply in recent weeks and not expected to rebound soon, with some of the biggest digital currencies erasing nearly all of the gains they made after Donald Trump's election win triggered a wave of excitement across the industry.
On February 27, U.S. Democratic Congressman Sam Liccardo introduced a bill aimed at preventing government officials and their families from profiting off cryptocurrencies, including memecoins.
Will Trump's administration reshape crypto regulations and ease restrictions on decentralized finance?
The mainstream adoption of decentralized finance (DeFi) in emerging markets like India is being stymied by a fragmented user experience, according to Rohit Jain, CEO of Okto wallet. Speaking in an interview with Benzinga, Jain identified the complexity of Web3 interactions as a primary barrier, alongside the need for regulatory clarity, as key challenges preventing DeFi from reaching a broader audience.
SEC's pro-crypto governance starts taking action on crypto, but this time, it's for GOOD. The US SEC has made it clear that meme coins, like TRUMP and other popular tokens, are not considered securities or investments that need to follow strict financial rules.
The US SEC stated that meme coins do not come under 'securities' and are more like a 'collectible,' given its high speculative nature. The post Meme Coins Aren't Securities, More Like Collectibles: US SEC Confirms appeared first on Cryptonews.
New legislation would mandate fraud warnings, transaction limits, and mandatory refunds for crypto ATM users, aiming to curb scams and hold operators accountable. Senators Introduce Crypto ATM Fraud Prevention Act U.S. Senator Jack Reed (D-RI) announced on Feb. 26 that he has introduced the Crypto ATM Fraud Prevention Act (S.
Two crypto reserve bills have passed their third reading in Arizona's Senate and will head to the state's House of Representatives.
In a huge move for the crypto world, the SEC has officially dropped its cases against Coinbase, Robinhood and Uniswap among others. But that's not all. The SEC has now dropped its case against Consensys, the company behind the popular MetaMask wallet. This is a big win for Ethereum and the crypto community.
FBI investigation into Bybit hack reveals Lazarus Group's sophisticated cyber tactics, including TraderTraitor malware for unauthorized network access.
Chris Burniske, co-founder of Placeholder, a New York venture firm that specializes in crypto assets, recently shared his thoughts on the current state of cryptocurrency. He believes that crypto has moved past its early days of big dreams and is now entering a new phase focused on real-world applications and scaling up.
Crypto derivatives platform BitMEX is reportedly looking for a buyer, signaling a potential shake-up in the digital asset trading industry. The exchange, once a dominant player in the crypto derivatives market, has enlisted Broadhaven Capital Partners, an investment banking firm, to facilitate a sale, according to a CoinDesk report.
According to a recent report by Dawn, Pakistan is set to establish a National Crypto Council to oversee digital asset regulation in the country. This decision marks a significant policy shift as Pakistan moves toward embracing cryptocurrencies, a stance that contrasts with its previous resistance.
The FBI urged immediate action to block transactions tied to North Korea's $1.5 billion crypto heist, warning the hackers are swiftly laundering funds to evade recovery. FBI Urges Public and Private Sectors to Cut Off North Korea's Stolen $1.
The SEC has agreed in principle to dismiss Consensys lawsuit, which initially came with allegations of unregistered transactions through MetaMask.
The stock prices of Upbit, the South Korean market-leading crypto exchange, are continuing to slump, but experts have claimed the platform could soon make a strong recovery. The post Upbit Stock Prices in Freefall Amid Probe Chaos – But Experts Predict a Strong Recovery appeared first on Cryptonews.
Founders Fund partner Joey Krug claims the Biden-era SEC told crypto founders that settled with them that they could no longer work in the industry.
The Federal Bureau of Investigation has implicated North Korean-backed hacking groups in a major cryptocurrency heist involving $1.5 billion in digital assets. The cyberattack targeted Bybit, a Dubai-based cryptocurrency exchange, making it one of the largest crypto thefts publicly known.
The United States Securities and Exchange Commission (SEC) has clarified that meme coins do not fall under federal securities laws. The agency stated that these digital assets are more like collectibles and are not subject to the regulations that apply to traditional financial instruments.
Part of their new roadmap includes adding features that make the wallet experience easier for users.
Trump's tariff threat triggers market panic as Bitcoin and Ethereum lead the latest crypto crash.
As part of a social engineering campaign, hackers are reportedly sending fake job offers to job seekers in the web3 space with malicious intentions. A dubious meeting app called ‘GrassCall' was recently used to spread malware that drains the user's crypto wallets.
The SEC posted new guidelines today, claiming that meme coins are no longer bound by securities regulations. The Commission will be stopping enforcement, but other agencies may pick up the slack.
Dubai, United Arab Emirates, 28th February 2025, Chainwire
The US Securities and Exchange Commission's (SEC) Division of Corporation Finance clarified that memecoins do not constitute securities under federal law, marking a notable stance on a sector of the crypto market often fueled by speculation and internet culture. In a Feb.
By representing real-world assets as digital tokens on a blockchain, we can begin to generate the kind of daily, market-derived data that has traditionally been reserved for a narrow set of assets, says EY's Paul Brody.
Scammers use fake job listings to trick victims into downloading GrassCall, an app that steals crypto wallet information. The group runs the scam, using fake websites and LinkedIn profiles to make the offers seem legitimate.
House Democrats have introduced a bill to bar senior officials and their families from creating or endorsing Meme Coins. The move follows controversy over political figures profiting from digital tokens, sparking debates on ethics, financial transparency, and the regulatory future of cryptocurrency. The post House Democrats Propose Bill Banning Political Meme Coins appeared first on Cryptonews.
Scammers are taking advantage of the recent Bybit hack to target Binance users. They are sending fake SMS messages that appear to come from Binance, tricking people into thinking their accounts are at risk.
The South Korean prosecution service has officially launched a specialized crypto crime investigation unit to fight crypto scams and coin fraud. The post South Korean Prosecution Crypto Crime Unit Officially Launches appeared first on Cryptonews.
The Securities and Exchange Commission has confirmed memecoins don't fall under securities laws and don't have to be registered with the regulator.
Flexa has added tap-to-pay support to its digital currency acceptance platform, enabling users to pay with crypto at retail locations using NFC-enabled hardware wallets. With this solution, users don't need a mobile phone, internet connection, QR code or app to make in-person transactions with crypto, the company said in a Thursday (Feb. 27) press release.
Last year was bad for hacks. But this year could be worse—and it's only February.
The SEC's shift towards transparent crypto regulation may redefine industry oversight, balancing innovation with consumer protection. The post SEC dismisses Coinbase case: ‘It's time for the Commission to rectify its approach' appeared first on Crypto Briefing.
The Securities and Exchange Commission (SEC) has dismissed its civil enforcement action against Coinbase Inc. and Coinbase Global Inc., citing a shift in its approach to crypto regulation, according to a Feb. 27 press release.
The U.S. Securities and Exchange Commission (SEC) stated on Feb. 27 that most meme coins do not meet the definition of securities under federal law, exempting them from registration requirements.
The Securities and Exchange Commission issued guidance Thursday evening saying it does not deem most meme coins securities under U.S. federal law.
After years of scrutiny, Gemini is cleared by the SEC, but Cameron Winklevoss demands consequences for regulators' actions against crypto companies.
The Bank of Russia has postponed the launch of the digital ruble. The project is still live, but the launch of the central bank digital currency (CBDC) will come “somewhat later” than July 1, when it was expected, Bank of Russia governor Elvira Nabiullina said.
In a recent statement, the US Securities and Exchange Commission (SEC) provided insights into the classification of memecoins within the context of federal securities laws. This move, a part of the SEC's attempt to make clear how these regulations apply to different assets, could prove to be a significant victory for these altcoins and the exchange-traded funds (ETFs) that have been filed with the regulator.
The agency has adopted a more crypto-friendly stance, recently dropping cases against major crypto firms such as Coinbase and UniSwap.
The SEC said in a Thursday statement that it generally does not consider meme coins to be securities under its purview.
House Democrats introduced legislation to prohibit top federal officials and their families from issuing or promoting meme coins and other financial instruments, citing ethical concerns sparked by President Donald Trump's official TRUMP cryptocurrency launch and his wife Melania's that followed soon after.
The SEC has formally dropped its lawsuit against Consensys, marking a regulatory shift under new leadership. The move indicates a departure from aggressive enforcement toward a clearer compliance framework for blockchain firms. The post SEC Drops Lawsuit Against Consensys Amid Regulatory Changes appeared first on Cryptonews.