From Nasdaq:

Last summer, the SEC sued Coinbase and Binance, claiming they listed and traded unregistered securities in the form of various cryptocurrencies. This week, the regulator’s legal teams faced the exchanges in court as the companies argued the SEC did not make the case that those cryptos are securities.

COVID-19 has seismically shifted forces in the auto industry. For once, EV sales numbers beat out their internal combustion engine-powered rivals in long-term forecasts. Although this looked like it would continue for the foreseeable future, a new forecasts shows that light vehicle EV sales may not surpass ICE vehicles until 2031.

U.S. regulators suit Coinbase and Binance in court over cryptocurrency security designations. SEC ties cryptos to securities status. This may impact the U.S. digital asset market broadly.

B. Dale and C. Kim offer an enlightening timeline on the bitcoin ETF saga. B.Dale and TAC provide relevant business analysis. The Air Current provides analysis of a developing aviation situation. The Internal Revenue Service offers guidance on business obligations regarding cryptocurrency reporting.

Significantly, the European Banking Authority (EBA) held a hearing on regulatory guidelines pertaining to fraud prevention and supervision of crypto markets. The US Supreme Court hearing challenges the longstanding Chevron doctrine which empowers federal agencies’ interpretative freedom of federal laws for rule-making purposes.

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Read more: The SEC Goes Back to Court