The SEC’s changing approach to crypto is supporting RWA growth, but jurisdictional and yield constraints continue to limit compliant models. The key constraint on real-world assets (RWAs) has been regulatory engagement rather than technology, and that dynamic has been shifting in the US, said Ashley Ebersole, chief legal officer of Sologenic. Ebersole joined the Securities and Exchange Commission (SEC) in early 2015, where he served in the agency’s early internal working groups on crypto and the application of securities law to blockchain-based assets. The securities regulator published the DAO Report in 2017, asserting its jurisdiction over tokens that met the definition of securities. What followed was an enforcement-led approach that left little room for sustained dialogue with the industry. Read more
Authorities in India’s capital Delhi rolled out strict measures on Wednesday in an attempt to curb pollution, including a ban on vehicles not compliant with latest emission control norms and regulating attendance in private and government offices. The air quality index in the Delhi region, home to 30 million people, has been in the “severe” category for the past few days, often crossing the 450-mark. In addition, shallow fog in parts of the city worsened visibility that affected flights and trains. This prompted the Commission for Air Quality Management to invoke stage four, the highest level, of the graded response action plan for Delhi and surrounding areas on Saturday. The curbs ban the entry of older diesel trucks into the city, suspend construction, including on public projects, and impose hybrid schooling. Schoolchildren walk through a field on a smoggy winter morning in New Delhi on December 17. —AFP Kapil Mishra, a minister in the local government, announced on Wednesday that all private and governmen...
Binance warned users to avoid token listing agents and offered as much as $5 million to whistleblowers who report listing fraud. Binance, the world’s largest cryptocurrency exchange by trading volume, released a statement on its token listing process, cracking down on third-party involvement. In a Wednesday announcement, Binance outlined the official pathways and requirements for token listings on its platform, emphasizing that projects should never engage with any third-party entities and should apply for listings directly with the exchange. The exchange also identified several individuals and entities falsely claiming to be “Binance listing agents” offering to list on Binance in exchange for payment. Read more