Galaxy Digital and BitGo Clash in Court Over Failed $1.2 Billion Crypto Merger
Galaxy reportedly explored restructuring the merger through Canada after concerns grew over possible SEC opposition.
Live Bitcoin News·
The SEC’s innovation exemption for tokenized stocks will be narrow and limited, not a broad approval for all tokenized securities. It targets true on‑chain equity tokens with shareholder rights, not synthetic or wrapped stock products. Hester Peirce warns that the rules will be incremental rather than a sweeping overhaul of U.S. equity markets. The U.S. […] The post SEC Clarifies Rules for Tokenized NMS Stocks in Major Shift appeared first on Live Bitcoin News.
Read full articleGalaxy reportedly explored restructuring the merger through Canada after concerns grew over possible SEC opposition.
The SEC's delay underscores the ongoing struggle to balance innovation in crypto with maintaining traditional market integrity and investor protection. The post SEC delays onchain stock trading plan as Wall Street pushes back on crypto exemptions appeared first on Crypto Briefing.
The SEC’s expected regulatory framework would have provided clarity for companies looking to tokenize traditional assets like stocks.
SEC Commissioner Hester Peirce references a staff statement on tokenization to distinguish between issuer-sponsored tokenized stocks and synthetic crypto instruments offering stock exposure.
The Zcash upgrade roadmap includes three advances targeting a 300% speed boost as ZEC gained 73% in a month. The Zcash Foundation outlined a three-pronged technical roadmap building toward NU7, its ninth planned network upgrade. The SEC also closed its…
Tokenized stocks could split liquidity and exchange revenue as SEC weighs a new exemption, Tiger Research says, with RWA demand rising fast.
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.
Galaxy Digital’s Mike Novogratz reportedly told a court the SEC made it “very difficult” to complete a planned 2021 merger with BitGo.