2 / 3 Relevant items tagged with #Enforcement

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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.

Voyager Ex-CEO Charged by U.S. Regulators With Fraud, Making False Claims

[Oct 12, 2023 11:52 AM] U.S. regulators have targeted former Voyager Digital CEO Stephen Ehrlich with lawsuits claiming he engaged in fraud and deliberately misrepresented his customers’ government protections.

U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi

[Sep 19, 2023 1:31 PM] The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head…

Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US

[Sep 9, 2023 2:30 PM] America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the…

CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep

[Sep 7, 2023 5:01 PM] The Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) operations – Opyn, Inc., ZeroEx (0x), Inc. and Deridex, Inc. – with offering illegal derivatives trading, according to a Thursday statement from the…

SEC’s Gary Gensler believes AI can strengthen its enforcement regime

[Jul 17, 2023 10:31 PM] Gensler highlighted market surveillance and three other use cases in which the securities regulator staff could benefit from making greater use of AI.

SEC's Gensler 'Disappointed' by Part of Ripple's XRP Judgement, Still Assessing Opinion

[Jul 17, 2023 1:23 PM] U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler said Monday he was disappointed with the court's decision in a part of the Ripple case.

Digitex Founder Ordered to Pay $16M to Resolve CFTC Action, Banned From Trading

[Jul 12, 2023 10:52 AM] The founder of crypto exchange Digitex, Adam Todd, has been ordered by a federal court to pay almost $16 million to resolve accusations that he ran an illegal platform and sought to manipulate its native token, DGTX, the U.S. Commodity Futures…

Crypto Industry Destined to Be Bitcoin Focused After SEC Actions: MicroStrategy Founder Michael Saylor

[Jun 14, 2023 3:02 AM] Bitcoin maximalist Michael Saylor has said recent enforcement actions by U.S. regulators have made it clear that the crypto industry is destined to be rationalised down to a bitcoin (BTC)-focused industry.

Republican Congressman Seeks to Oust SEC Chair Gensler With SEC Stabilization Act

[Jun 12, 2023 8:30 PM] Warren Davidson, the Republican congressman who first introduced the legislation in mid-April, has filed the SEC Stabilization Act to remove Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC). Davidson insists the…

Former SEC Official Predicts Impending DOJ Indictment Against Binance

[Jun 11, 2023 9:30 PM] Former Securities and Exchange Commission (SEC) official John Reed Stark said on Sunday via Twitter that he believes the U.S. Department of Justice (DOJ) has filed or will file a criminal indictment related to Binance. Stark, who draws from his…

SEC’s Gensler Rebuffs Crypto Complaints, Says Gave Ample Warning Heat Was Coming

[Jun 8, 2023 10:30 AM] U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler argued there’s nothing special about the assets or exchanges in the crypto sector, and their backers can’t hide behind claims that their tokens provide utility.

One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto

[Jun 6, 2023 12:26 PM] The U.S. Securities and Exchange Commission (SEC) tore off crypto’s bandage this week, with its back-to-back enforcement actions against two of the most prominent digital assets platforms, Binance and Coinbase (COIN), finally establishing its legal…

Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June

[May 25, 2023 12:00 AM] Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the…

U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan

[May 5, 2023 5:36 AM] This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.

SEC's Gensler seeks $2.4B in funding to chase down crypto 'misconduct'

[Mar 29, 2023 10:25 PM] SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”

Crypto Exchange Beaxy Shut Down After SEC Lawsuit

[Mar 29, 2023 8:30 AM] Crypto platform Beaxy has officially closed its doors as the U.S. Securities and Exchange Commission (SEC) charged the company and its founder Artak Hamazaspyan with operating an unregistered exchange and brokerage, the agency said.

Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

[Mar 28, 2023 4:00 PM] According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation…

Is This Finally an Atomic Bomb From the SEC?

[Mar 23, 2023 4:24 PM] The U.S. Securities and Exchange Commission’s notice to Coinbase (COIN) that it’s likely to be accused of breaking securities laws could foreshadow an agency effort to break the back of the crypto sector as it now operates, but it also may finally…

SEC Urges Investors to Be Cautious With Crypto Securities

[Mar 23, 2023 10:05 AM]

Crypto Exchange Coinbase Shares Tumble 16% After SEC Enforcement Notice

[Mar 23, 2023 7:45 AM] The SEC issued Coinbase a Wells notice on Wednesday, which informs businesses that it is planning future enforcement action against them.