Headlines

CFTC seeks feedback on CPO and CTA rule changes

The CFTC has opened a 45-day comment period on proposals that would double the small-pool exemption threshold to $800,000 and ease registration rules for some fund advisers. Summary The CFTC proposal would create a CPO exemption for qualifying SEC-registered investment advisers. A related change would extend registration relief to certain commodity trading advisers. The small-pool…

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Binance Seeks UK Comeback With FCA Crypto Licence

Binance is preparing to make another attempt to return to the UK market, with the cryptocurrency exchange expected to apply for a cryptoasset licence from the Financial Conduct Authority (FCA) when applications open next month. The move, first reported by The Telegraph, comes five years after the UK regulator blocked Binance’s British entity from carrying…

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DOJ’s probe into Andreessen Horowitz over board seats baffles VCs

The Justice Department has launched a probe into Andreessen Horowitz regarding the firm’s partners serving on the boards of competing companies, Bloomberg reported. The nearly year-long investigation focuses specifically on the firm’s board seats at Databricks, which is valued at $190 billion, and Fivetran, which combined with dbt Labs in June. The firm’s co-founder, Ben…

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Singapore-Vietnam Pilot Tests Digital Credentials to Speed Up Letter of Credit Checks

Cross-border trade finance can still slow to the speed of phone calls and paperwork. Vietnam’s PILA and Singapore-listed TOTM Technologies want to test whether verifiable digital credentials can cut that friction. TOTM said the companies signed a non-binding, non-exclusive memorandum of understanding on Aug. 13 to develop a proof of concept for verifying letters of…

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SEC unveils Reg Crypto rules with $75m exemption

The U.S. Securities and Exchange Commission has proposed two registration exemptions, including a $75 million annual pathway, under its new Reg Crypto framework for certain crypto investment contracts. Summary The larger exemption would allow qualifying issuers to raise up to $75 million in 12 months. A separate pathway would permit offerings of up to $5…

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SEC Chair Pushes Crypto Exemptions to Bring Issuers Back to US

Key Takeaways Atkins said tailored rules could bring crypto issuers back to the U.S. Peirce credited public input with shaping a workable framework. Uyeda said rulemaking could replace enforcement-driven uncertainty. Atkins Frames Exemptions as Onshore Strategy U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins presented Regulation Crypto Assets on Aug. 18 as a capital…

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