12 / 80 Relevant items tagged with #Sec

Posts

SEC Secures Default Judgments in $45 Million Coindeal Fraud Case

[Jul 11 8:31 PM] The U.S. Securities and Exchange Commission (SEC) announced this week that the U.S. District Court for the Eastern District of Michigan has issued default judgments against Garry Davidson and Linda Knott for their involvement in a fraudulent $45…

CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities

[Jul 11 3:18 PM] During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman…

Judge has ‘strong views’ about Coinbase inquiry into Gensler’s private msgs

[Jul 11 2:01 PM] Judge Katherine Polk Failla said she would hear from SEC and Coinbase lawyers on July 15 whether SEC Chair Gary Gensler’s private communications on crypto were fair game.

Judge Sends Coinbase Back to the Drawing Board Over Efforts to Subpoena SEC’s Gary Gensler

[Jul 11 1:18 PM] A federal judge encouraged Coinbase to drop – or at least substantially modify – its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s personal communications during a hearing Thursday.

FDIC nominee Goldsmith Romero says banks can custody digital assets

[Jul 11 11:45 AM] The Federal Deposit Insurance Corporation Chair nominee stated her position amid the failure of Congress to overturn the SAB-121 veto.

House fails to override Biden’s veto on nullifying SEC crypto rule

[Jul 11 9:58 AM] Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto.

U.S. House Fails to Override Biden's SEC Veto of Bill That Would End Controversial SEC Guidance

[Jul 11 9:42 AM]

SEC will not pursue enforcement action against Paxos

[Jul 11 9:02 AM] The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.

SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin

[Jul 11 8:54 AM] The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year…

Supreme Court ruling ‘changes the game’ for US crypto firms

[Jul 11 7:51 AM] The high court’s decision further bolsters the argument “that Congress, not an agency, should decide if — and how — to regulate Web3.”

Terraform Labs to sell 4 companies as part of wind-down

[Jul 10 11:14 PM] The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.

Bloomberg Analyst Discusses Solana ETF Deadline and Election Impact

[Jul 10 8:30 PM] A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that the U.S. presidential election in November…

CFTC Chair reiterates BTC and ETH are commodities in testimony

[Jul 10 7:53 PM] Head of the US commodities regulator, Rostin Behnam, has again argued his agency should be given regulatory oversight of Bitcoin and Ethereum to better protect investors.

Fed Chair Powell Reaffirms Stance on Custody Assets Amid SEC Crypto Rule Controversy

[Jul 10 7:47 PM] On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin…

Tech Coalition Urges Biden to Lead on Cryptocurrency Regulation

[Jul 10 12:21 PM] In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets…

Nigerian minister urges SEC to tackle crypto regulation challenges

[Jul 10 1:36 AM] Nigeria’s cryptocurrency regulations are currently being updated.

What Still Needs to Happen Before Spot Ether ETFs Can Trade

[Jul 9 11:30 AM] There's a lot of excitement over the possibility that a spot ether exchange-traded fund (ETF) may be around the corner. Here's what still needs to happen before one may launch.

Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and Corrupt

[Jul 8 9:11 PM] Crypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge the SEC’s legitimacy…

Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye — Lawyers

[Jul 8 4:30 PM] Celebrities who have brazenly shilled their memecoins on X in recent months run a high risk of attracting the attention of the SEC and class-action lawsuits.

VanEck and 21Shares send amended Ether ETF filings to SEC

[Jul 8 1:31 PM] Some experts are still speculating that the final approval of spot Ether exchange-traded funds could allow listing and trading as early as July.

Sleeping BTC Wallets Reactivate, Bitcoin Dips, and More — Week in Review

[Jul 7 7:31 AM] Several longtime holders of Bitcoin have reactivated dormant wallets, moving substantial amounts of BTC after years of inactivity. Bitcoin’s price dipped to $56,952 amid speculation related to the Mt Gox distribution and the German…

Nigerian central bank alleges unauthorized transactions by Binance

[Jul 6 4:51 AM] Binance’s alleged illegal operations were highlighted in court on July 5, with a central bank official testifying on the lack of necessary licenses and regulatory approval.

Coinbase continues to fight for access to Gensler’s private emails

[Jul 4 8:29 PM] In a recent letter to a district court judge, Coinbase argued that the SEC Chair’s private communications are an “appropriate source of discovery” crucial to mounting a reasonable defense.

Microsoft, Google, Nvidia and more filed SEC warnings that AI could ruin business

[Jul 4 12:23 PM] The reasons ranged from cannibalizing their own businesses to releasing potentially inferior products.

SEC wants retailer’s crypto suit tossed as it’s based on ‘phantom’ policy

[Jul 4 12:10 AM] A Texas bag retailer sued the SEC to get legal protection for a token airdrop, but the regulator says the suit was based on a policy that doesn’t exist.

When Do Secondary Token Sales Violate Howey?

[Jul 3 8:30 PM] A federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB.

Binance US Confident in Legal Battle Against SEC as Case Moves Forward

[Jul 3 4:11 PM] Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s…

Bitwise files amended Ethereum ETF S-1 — experts predict July launch

[Jul 3 3:25 PM] SEC Chair Gary Gensler said that the commission could give final approvals on spot Ether ETFs sometime in summer 2024, while some analysts are predicting as early as July.

Coinbase cites Binance BNB token precedent in SEC petition

[Jul 3 12:23 PM] “Rulemaking is required here because the SEC has adopted a novel and sweeping, yet still indeterminate, view of the securities laws,” attorneys wrote.

SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions

[Jul 2 6:36 PM] The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate…