Tag: SEC
SEC Alleges Fraud Against SafeMoon Amidst System Flaw Exploit
The United States Securities and Exchange Commission (SEC) has recently alleged fraud and violations of security rules against the decentralized financial project, SafeMoon. The allegations come in [more…]
Ripple CEO Brad Garlinghouse Criticizes Former SEC Chair Jay Clayton’s Regulatory Approach
The Chief Executive Officer of Ripple, Brad Garlinghouse, has voiced his disagreement with the regulatory posture taken by Jay Clayton, who formerly served as Chair of the [more…]
Ripple Executives Cleared of SEC Charges in Landmark Decision
Ripple, a major player in the business blockchain and cryptocurrency solution markets, has made an important announcement about a successful court battle. Both of the company’s top [more…]
Coinbase Calls for Judicial Intervention on SEC’s Inaction
Coinbase’s Chief Legal Officer, Paul Grewal, has taken a step towards resolving the ongoing regulatory ambiguity surrounding digital assets. On October 13, 2023, Grewal filed a formal [more…]
SEC Chair Gensler Faces Congressional Pressure Over EU Coordination and Lack of Transparency
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is under heightened scrutiny from the House Committee on Oversight and Accountability concerning the SEC’s interactions with European [more…]
Binance and CEO Changpeng Zhao Face Class-Action Lawsuit Over Alleged Market Manipulation Targeting FTX
On October 2, 2023, plaintiff Nir Lahav filed a class-action lawsuit in the District Court of Northern California against Binance Holdings Limited, BAM Trading Services Inc., BAM [more…]
SEC Charges FTX Auditor Prager Metis Over Independence Violations
On September 29, 2023, the Securities and Exchange Commission (SEC) announced legal charges against the international accounting firm Prager Metis CPAs, LLC and its Californian counterpart, Prager [more…]
SEC Delays Decision on Spot Bitcoin ETFs Due to U.S. Government Shutdown Concerns
The Securities and Exchange Commission (SEC) of the United States has recently announced the postponement of its decision regarding several proposals for spot Bitcoin exchange-traded funds (ETFs). [more…]
SEC Extends Review Period for ARK 21Shares Bitcoin ETF
Key Takeaways * The U.S. Securities and Exchange Commission (SEC) extends the review period for the ARK 21Shares Bitcoin ETF proposal till January 10, 2024. * The delay [more…]
Commissioners Dissent on SEC’s NFT Enforcement Action on Stoner Cats 2, LLC
Commissioners Hester M. Peirce and Mark T. Uyeda of the Securities and Exchange Commission (SEC) have expressed their dissent regarding the Commission’s recent enforcement action on Stoner [more…]
Will the Binance.US CEO’s Resignation Trigger a Domino Effect?
Staffing and Executive Changes Binance.US, the American subsidiary of the global cryptocurrency exchange, has recently undergone significant staffing changes. The company confirmed the departure of its president [more…]
Gemini Responds to SEC Lawsuit Over Alleged Unregistered Securities
Cryptocurrency exchange Gemini has filed a reply brief in response to a lawsuit initiated by the United States Securities and Exchange Commission (SEC). The lawsuit, which is being heard [more…]
SEC Could Approve All Ethereum ETFs Concurrently
U.S. Securities and Exchange Commission (SEC) is reportedly gearing up to approve several exchange-traded funds (ETFs) tracking Ethereum futures concurrently. This move signifies a potential shift in [more…]
SEC Collaborates with South Korea in Probing Terraform Labs and Do Kwon
The U.S. Securities and Exchange Commission (SEC) has secured approval to collaborate with South Korea in its probe against Terraform Labs and its co-founders, Daniel Shin and [more…]
Prometheum’s License Approval: Republican Lawmakers Challenge SEC and FINRA Decisions
A digital asset company called Prometheum Ember Capital LLC has recently gained attention for being named the first Special Purpose Broker-Dealer (SPBD) for digital assets. Republican members [more…]
2024 Election Impact on SEC’s Bitcoin Spot ETF Approval
The stance of the United States Securities and Exchange Commission (SEC) on Bitcoin spot ETFs has been the subject of extensive debate and speculation. John Reed Stark, [more…]
Binance Plans 1,500 to 3,000 Layoffs due to DOJ Probe, Reported CNBC
The biggest crypto exchange Binance is reportedly planning to layoff between 1,500 and 3,000 employees by the end of the year, according to an anonymous source cited [more…]
Court Ruling Sparks Surge in Ripple’s XRP Price and Market Cap
Ripple Labs achieved a partial victory in its case with the U.S. Securities and Exchange Commission (SEC) on July 13, 2023. The U.S. District Court for the [more…]
SDNY Rules Ripple’s XRP token is NOT a Security
By Andrew Hinkes and Eden Rohrer On July 13, 2023, in a long awaited decision in Securities and Exchange Commission v. Ripple Labs, Inc., Bradley Garlinghouse and [more…]
“Bitcoin ETFs Should Be Approved” – Says Former SEC Chair Jay Clayton
The Bitcoin market recently witnessed a solid development as former Securities and Exchange Commission (SEC) Chair Jay Clayton has voiced his support for the approval of Bitcoin [more…]
Bittrex Files Motion to Dismiss SEC Charges
A motion to dismiss the case has been filed on behalf of Bittrex and its co-founder, William Hiroaki Shihara. The motion, filed on July 2, 2023, argues [more…]
