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What Does the Crypto Turf War between SEC and CFTC Mean to Real-world Assets?

June 19 (Cointime) - “What Does the Crypto Turf War between #SEC and #CFTC Mean to Real-world Assets (#RWA)?”

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cointelegraph ·

US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.
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SEC breaks from past policy guidelines in Uniswap crackdown

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bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges

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Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development

On April 5th, it was announced that the Bitcoin Day summit, co-hosted by ABCDE, SINOHOPE (stock code: 1611.HK), and OKX Wallet, officially opened at the Regal Hotel in Hong Kong. Du Jun, Executive Director and CEO of SINOHOPE and founder of ABCDE, gave the opening speech.
CESS has confirmed its sponsorship and attendance at the Web3 Summit Dubai series of keynote sessions

CESS confirmed sponsorship and attendance at the Web3 Summit Dubai series of conferences hosted by Web3 Summit, BlockNews, LBank Labs, RWA Finance, METASTONE GROUP, Cointime, BIKA Global, L7, and Floxypay Wallet. CESS (Cumulus Encrypted Storage System) is a blockchain-driven decentralized storage and content distribution network (CDN) infrastructure for Web3. Users and creators alike can use the platform for on-chain data sharing, while builders can develop and deploy DApps. By utilizing the decentralized physical infrastructure network (DePIN) model, CESS incentivizes the large-scale deployment of network nodes worldwide. The event will take place at the top-tier Atlantis Hotel in Dubai, with an expected scale of over 3,000 attendees and nearly 100 participating guests. Through various forms such as multiple themed industry summits, guest sharing, roundtable discussions, and private dinners over the course of two days, we will explore the development trends of Web3 and work together to build industry-wide ecological cooperation.
Deputy Dean and Professor of Singapore Management University has confirmed to attend the Web3 Summit Dubai series of theme summits

Feida Zhu, Vice Dean and Professor of Singapore Management University (SMU), confirmed attendance at the Web3 Summit Dubai event series hosted by Web3 Summit, BlockNews, LBank Labs, RWA Finance, METASTONE GROUP, Cointime, BIKA Global, L7, and Floxypay Wallet. SMU is committed to generating cutting-edge research with global impact and cultivating a broad foundation, innovation, and business leaders in the knowledge-based economy. SMU's education is known for its highly interactive, collaborative, and project-based learning methods. Professor Feida Zhu's participation will further promote academic and research exchange at the Web3 Summit Dubai event series.
Dr. Marwan Alzarouni, CEO of the Dubai Blockchain Center (DBCC), has confirmed his attendance at the 「TimeStamp Dubai Investors Night」 event.

TimeStamp Dubai Investors Night, hosted by Cointime, co-organized by the ChainUp, ABCDE, Global Web3 Association and SINOHOPE, will be held on April 16th at the Armani Hotel in the Burj Khalifa, Dubai. Dr. Marwan Alzarouni will be in attendance to deliver a compelling speech. Dr. Alzarouni is also internationally recognized as an advocate for blockchain technology, a keynote speaker, and a strategic advisor.
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U.S. SEC Commissioner: Regulators are considering Ethereum spot ETFs

Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), revealed at the ETH Denver event that the SEC is considering an Ethereum spot ETF, but currently "there is no information that can be disclosed." In addition, Hester Peirce believes that some of the choices made by the SEC are very strange, because when regulatory agencies drive entities out of the United States, they are actually pushing them beyond the control of U.S. regulatory agencies.
The US SEC responded to "Ripple rejected its enforcement motion" and asked Ripple to provide relevant evidence

According to CoinGape's report, the US Securities and Exchange Commission responded to "Ripple's refusal of its motion to compel," stating that its request for Ripple to provide relevant financial statements was procedurally correct. The SEC still requires Ripple to provide two years of audited financial statements, contracts for the sale or transfer of XRP to "non-employee trading counterparties" after the lawsuit was filed, and detailed amounts of "XRP institutional sales proceeds" received after the lawsuit was filed. In addition, the US Securities and Exchange Commission is seeking to penalize Ripple in the XRP lawsuit.

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What Does the Crypto Turf War between SEC and CFTC Mean to Real-world Assets?

All Comments

Recommended for you

US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

SEC breaks from past policy guidelines in Uniswap crackdown

bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges

Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development

CESS has confirmed its sponsorship and attendance at the Web3 Summit Dubai series of keynote sessions

Deputy Dean and Professor of Singapore Management University has confirmed to attend the Web3 Summit Dubai series of theme summits

Dr. Marwan Alzarouni, CEO of the Dubai Blockchain Center (DBCC), has confirmed his attendance at the 「TimeStamp Dubai Investors Night」 event.

3月11日早间要闻速递

U.S. SEC Commissioner: Regulators are considering Ethereum spot ETFs

The US SEC responded to "Ripple rejected its enforcement motion" and asked Ripple to provide relevant evidence

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