SEC tokenized stock plan raises exchange revenue fears

Galaxy and BitGo face off in court over failed $1.2B merger as Novogratz disputes a $100M termination fee and SEC accounting rules at trial.

TradFi views the breakup of its previously consolidated, centralized liquidity as a “serious structural threat,” said Tiger Research director Ryan Yoon.

Galaxy Digital’s Mike Novogratz reportedly told a court the SEC made it “very difficult” to complete a planned 2021 merger with BitGo.

U.S. Securities and Exchange Commission Commissioner Hester Peirce has pushed back against expectations that the agency could soon open the door to unrestricted tokenized stock trading through a proposed “innovation exemption.” According to comments Peirce posted on X on Thursday,…

An executive at tokenization platforms Superstate said the stricter approach suggested by Hester Peirce would enable DeFi to expand without compromising rules in traditional capital markets.

The SEC's narrow exemption for onchain equity products may limit innovation but provides a controlled environment for regulatory data collection. The post SEC’s Hester Peirce expects innovation exemption to apply narrowly to onchain equity products appeared first on Crypto Briefing.

Kucoin has unveiled a product allowing users to unlock liquidity by borrowing against high- liquidity crypto assets while their pledged collateral simultaneously continues to earn passive yield. The Shift to Capital Hubs Reflecting a broader industry shift from simple order-matching to advanced capital management, Kucoin has introduced an integrated “earn-and-loan” solution. The product eliminates a […]

Harvard exited its $87M Ethereum ETF stake in Q1 and cut Bitcoin ETF holdings, SEC filings show, as ETH faces market and EF pressure in May.