1 / 2 Relevant items tagged with #Enforcement

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US Lawmakers Call for Clear SEC Rules on Digital Asset Airdrops

[today 1:30 AM] Congressman Tom Emmer is pushing the U.S. Securities and Exchange Commission (SEC) to provide clear rules on digital asset airdrops, arguing that current regulatory uncertainty is stifling innovation and blocking American participation in…

SEC Takes Action Against Fake Crypto Platforms Using Social Media to Deceive Investors

[Sep 17 11:40 PM] The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from…

Latam Insights Encore: Brazil Shows How States Should Keep an Eye on Crypto Usage for Nefarious Purposes

[Sep 17 5:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how Brazil is becoming an example of how states should enforce crypto compliance by…

New Bill Seeks Collaboration Between SEC and CFTC on Digital Assets

[Sep 15 6:30 PM] A U.S. congressman has introduced the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act (BRIDGE Act), aimed at improving collaboration between the Securities and Exchange Commission (SEC) and the Commodity…

Five U.S. States Reach Settlement With GS Partners, Investors to Get Full Refunds

[Sep 9 7:59 PM] Five U.S. states have reached a settlement agreement with GS Partners – the European operation behind several crypto investment schemes, including tokenized investments in a Dubai skyscraper – that will see investors get 100% of their money back…

CFTC charges Uniswap with illegal derivatives trading

[Sep 4 5:13 PM] One CFTC commissioner dissented, calling the action “regulation by enforcement.”

SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities

[Aug 28 10:10 PM] The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it could negatively impact…

SEC Charges Abra With Unregistered Sales of Crypto Asset Securities

[Aug 26 7:16 PM] The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of…

U.S. SEC Settles with Abra Over Unregistered Sales of Securities

[Aug 26 7:07 PM] Abra has agreed to a settlement with the U.S. Securities and Exchange Commission over accusations the platform, owned by Plutus Lending, inappropriately pushed Abra Earn to customers when the product qualified as a security that should have been…

Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients

[Aug 8 5:03 PM] Customers Bank, which has done business with several of the most prominent crypto firms, has been called out by the U.S. Federal Reserve for inadequately policing illicit activity, particularly with digital asset clients.

Coinbase Concerned About 'Ongoing Regulation by Enforcement' in Australia, Despite 'Healthy' Regulator Talks

[Jul 31 12:04 PM] Coinbase (COIN) is concerned about “ongoing regulation through enforcement” which is not “helpful to the overall direction of the industry” in Australia ahead of expected draft legislation, senior executives of the cryptocurrency exchange told…

China’s crypto ban fails to stop scams as Shaanxi police arrest 4 suspects

[Jul 31 9:38 AM] Mainland China quickly and effectively addresses crypto fraud incidents despite banning crypto transactions a few years ago.

SEC Enforcement Director Calls for Stronger Crypto Regulation Citing Rising Investor Harm

[Jul 14 5:17 PM] Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to…

SEC’s Crypto Enforcement Chief Departs After 9 Years

[Jun 17 5:16 PM] The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against…

U.S. SEC's Crypto Enforcer David Hirsch Quits

[Jun 17 7:26 AM] David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday.

Uniswap Labs Urges SEC to Drop Pending Enforcement Action in Wells Response

[May 21 11:30 AM] Uniswap Labs moved Tuesday to quash a looming regulatory battle over Ethereum's dominant decentralized crypto exchange, imploring the Securities and Exchange Commission in legal filings that its planned lawsuit wasn't worth the fight.

Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan

[May 9 9:48 AM] The potential legal action against Robin Hood should be viewed as a continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities, the report said.

SEC Issues Wells Notice to Robinhood Over Crypto Operations

[May 6 7:20 AM] A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its…

Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms

[Apr 24 2:24 PM] Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.

Coinbase Seeks to Take Core Question in U.S. SEC Case to Higher Court

[Apr 12 6:13 PM] Coinbase is seeking to rip the bandage off of a legal impasse at the center of the crypto industry's fight with the U.S. Securities and Exchange Commission (SEC), filing an interim appeal on Friday that would ask a higher federal court to drill…

DeFi Exchange Uniswap Receives Enforcement Notice from the SEC

[Apr 10 12:57 PM] Decentralized crypto exchange Uniswap received a notice from the U.S. Securities and Exchange Commission (SEC) that it intends to pursue an enforcement action, the company disclosed on Wednesday.

U.S. SEC Asking for More Millions, Dozens of Lawyers to Beef Up Crypto Oversight

[Mar 22 8:41 AM] Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with "new and emerging issues," according to the regulator's annual budget pitch. Much of that office's recent, emerging…

Coinbase and SEC Dig in With U.S. Judge on Whether Securities Law Applies to Listings

[Jan 17 3:38 PM] The U.S. Securities and Exchange Commission (SEC) case against Coinbase delves into a ton of complexity, but before anything else, a judge has to decide whether transactions in about a dozen tokens traded on the U.S. exchange were securities.

FCA Slow to Take Crypto Enforcement Action, UK's Public Spending Watchdog Says

[Dec 11, 2023 12:01 PM] Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.'s National Audit Office said.

California, Texas Among States Accusing GS Partners of Misleading Crypto Investors

[Nov 16, 2023 3:50 PM] Multiple U.S. states have ordered GS Partners to halt operations, accusing the company of defrauding investors in a number of crypto schemes, including tokenized pieces of a Dubai skyscraper and stakes of metaverse property.

Crypto's Bromance With U.S. CFTC May Be One-Sided

[Nov 7, 2023 4:16 PM] Half of the 2023 sanctions from the U.S. Commodity Futures Trading Commission (CFTC) targeted digital assets companies and individuals, according to the agency's annual enforcement snapshot released on Tuesday.

SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged by SEC

[Nov 1, 2023 11:01 AM] The Securities and Exchange Commission (SEC) has charged SafeMoon and its executive team with perpetrating a fraudulent scheme through an unregistered securities sale.

CFTC pays whistleblowers $16M this year for mostly crypto tips

[Oct 31, 2023 5:31 PM] Two of the CFTC’s crypto tipsters scored $15 million alone which brought successful enforcement cases for the regulator.

SEC’s Gensler Won’t Say What’s Next With Bitcoin ETFs After Grayscale Loss

[Oct 25, 2023 12:17 PM]

Coinbase Poised to Make Final Pitch in Bid to Kill SEC Accusations Quickly

[Oct 23, 2023 7:51 AM] Coinbase Global Inc. (COIN) is set to make its final case on Tuesday that a judge should spring it from the clutches of the U.S. Securities and Exchange Commission (SEC) in its unregistered-securities dispute.