U.S. Court Tells SEC to Respond to Coinbase's Rulemaking Petition Within a Week
[Jun 7, 2023 12:18 AM] A U.S. judge has ordered the SEC to respond to Coinbase’s rulemaking petition or explain why it shouldn’t.
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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…
How to Build a Compliant Crypto Exchange Post-Coinbase
[Jun 6, 2023 10:15 AM] Crypto isn’t going anywhere — though Coinbase might — so what the market needs is a fresh start: new exchanges that can avoid the ever-present threat of SEC enforcement by being structured correctly in the first place, writes Preston Byrne.
U.S. House Republicans Push for Crypto Oversight With Bill to Make SEC Play Ball
[Jun 2, 2023 12:00 PM] Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the…
A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities
[May 31, 2023 10:58 AM] The five-page, bipartisan Securities Clarity Act by Representatives Tom Emmer and Darren Soto would significantly reduce uncertainty for both crypto investors and issuers, write Bain Capital Crypto’s Tuongvy Le and Khurram Dara.
Could Ben.eth’s PSYOP tokens face legal scrutiny? It depends, say lawyers
[May 30, 2023 10:01 PM] Michael Kanovitz, a lawyer threatening to file a class action against Ben.eth, says the PSYOP scheme bear similarities to cases that have seen SEC enforcement.
Come in and Register? These Firms Say They Found an SEC-Friendly Crypto Path
[May 23, 2023 6:00 AM] The beginnings of a fully compliant U.S. crypto infrastructure may be forming on the industry’s fringes as a watchdog backed by the Securities and Exchange Commission (SEC) quietly issues significant approvals for companies trying to stick to the…
SEC Junks Grayscale’s Filecoin Trust Application Over ‘Security’ Label
[May 18, 2023 11:03 AM] Filecoin, a decentralized storage platform based on blockchain technology, has recently found itself entangled in a regulatory debate as the United States Securities and Exchange Commission (SEC) raises concerns over its classification as a…
McHenry to U.S. SEC: Which Crypto Firms Have Tried to Register?
[May 11, 2023 2:00 PM] The U.S. Securities and Exchange Commission (SEC) has so far disregarded congressional requests for information on its interactions with crypto platforms seeking registration as exchanges, according to Republican lawmakers in the House of…
Coinbase’s SEC Complaint Draws Allies Depicting U.S. Regulator as Crypto Bully
[May 11, 2023 11:20 AM] Crypto insiders are tying themselves to Coinbase (COIN) as the company seeks to blow up the U.S. Securities and Exchange Commission’s (SEC) “come in and register” crusade aimed at the digital assets sector.
Bitcoin miner Marathon Digital hit with another SEC subpoena
[May 11, 2023 12:20 AM] The first subpoena was given to Marathon in the third quarter of 2021, concerning whether it may have violated federal securities laws relating to its data center in Hardin.
SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency
[May 9, 2023 3:34 PM] The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often…
U.S. SEC Changes Its Mind on Officially Labeling Digital Assets
[May 3, 2023 4:37 PM] The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it deleted what would have been its first formal definition of “digital asset” from its latest hedge fund rule.
U.S. SEC Warns Advisers They Need to Know Crypto Before Recommending to Clients
[Apr 20, 2023 1:00 PM] The U.S. Securities and Exchange Commission (SEC) is advising brokers and investment advisers that they need to use heightened scrutiny when it comes to making crypto recommendations to ensure the risky products are in the best interests of their…
SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules
[Apr 17, 2023 1:00 PM] The U.S. Securities and Exchange Commission's (SEC) warning shot last week that decentralized finance (DeFi) could be thrown into its expanding definition of what makes a securities exchange is the latest move to formalize what Chairman Gary…
SEC argues recent court case weakens Ripple Labs’ ‘fair notice’ defense
[Apr 13, 2023 1:04 AM] The SEC filed a letter supporting its motion for summary judgment against Ripple Labs, citing a separate court case it had recently won.
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.”
ARK Buys the Wells Dip With $17.7M COIN Purchase
[Mar 23, 2023 9:34 PM] Coinbase shares tumbled 16% Thursday, after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission.
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…
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders
[Mar 14, 2023 1:30 PM] The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would…
Lawmakers should check the SEC’s wartime consigliere with legislation
[Mar 6, 2023 11:09 AM] Securities and Exchange Commission Chairman Gary Gensler has a lot in common with “The Godfather’s” Michael Corleone, according to the Cato Institute's Jack Solowey and Jennifer Schulp.
SEC files objection to Binance US bid for Voyager assets
[Feb 23, 2023 4:46 AM] The SEC has moved to bar final approval of Binance.US’ $1 billion bid for assets belonging to bankrupt crypto lending firm Voyager Digital.
US crypto regulation happening ‘behind closed doors’ – Blockchain Association CEO
[Feb 22, 2023 1:00 AM] The “work has been done” for stablecoin regulation in the U.S., but many in Washington D.C. are feeling “burned” and “betrayed” over the FTX collapse last year.
Breaking: SEC sues Do Kwon and Terraform Labs for fraud
[Feb 16, 2023 4:14 PM] "We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities," said SEC chair Gary Gensler.
Expect the SEC to use its Kraken playbook against staking protocols
[Feb 14, 2023 12:36 PM] Some observers have suggested the SEC’s action against Kraken will push users toward DeFi protocols. The reality is that the SEC is coming for those as well.
Breaking: Paxos to face SEC lawsuit over Binance USD: Report
[Feb 12, 2023 5:44 PM] According to people familiar with the matter, the notice relates to Binance USD, which is being seen by the SEC as an unregistered security.
Staking ban is another nail in crypto’s coffin — that’s a good thing
[Feb 10, 2023 2:15 PM] The SEC’s move to ban staking is going to encourage more people to move toward decentralized options beyond the agency’s reach.
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
[Feb 7, 2023 1:00 PM] On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda…
SEC’s ‘one-dimensional’ approach is slowing Bitcoin progress: Grayscale CEO
[Jan 23, 2023 8:06 PM] Grayscale’s chief was the latest to take a swing at the authority for its so-called “regulation by enforcement” actions.
Gemini and Genesis charged by SEC with selling unregistered securities
[Jan 12, 2023 4:16 PM] The charges relate to Gemini’s crypto asset lending program, Gemini Earn, according to the Securities and Exchange Commission.