4 / 7 Relevant items tagged with #SecuritiesAndExchangeCommission

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HyperVerse's Alleged Ponzi Scheme Raked in Nearly $2B, Hired Actor as Fake CEO

[Jan 29 4:45 PM] HyperVerse was a nearly $2 billion fraudulent crypto investment scheme with a fake CEO at its helm, the U.S. Securities and Exchange Commission (SEC) and a grand jury allege in a lawsuit and criminal indictments against two of its leaders.

SEC Shut Off Extra Security on X For About 6 Months, Letting Hacker Breeze In

[Jan 22 3:00 PM] The U.S. Securities and Exchange Commission (SEC) confirmed that a hacker took over its X account through a "SIM swap" attack that seized control of a cell phone associated with the account. That allowed the outsider to falsely tweet on January 9…

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.

Coinbase's SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal

[Jan 16 2:25 PM] Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments that the crypto exchange has been trading unregistered securities. What the New York judge does next…

Gary Gensler's Begrudging Bitcoin ETF Concession: 'We Did Not Approve or Endorse Bitcoin'

[Jan 10 4:07 PM] U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler conceded that the regulator's loss in court over rejecting Grayscale's application for a spot bitcoin exchange-traded fund (ETF) left it little recourse but to approve about a dozen…

With Bitcoin ETF Decision Looming, SEC Chair Gensler Says (Again) That Crypto Is Dangerous

[Jan 8 10:36 AM] The entire crypto world and much of the U.S. financial sector is anxiously awaiting word from the U.S. Securities and Exchange Commission (SEC) on whether it will approve a spot bitcoin exchange-traded fund (ETF). SEC Chair Gary Gensler has chosen…

U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes

[Jan 5 1:00 PM] The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is…

Bitcoin Crashes To $41,500 As ETF Approval Hangs In Balance: Experts

[Jan 3 8:00 AM] As the January 10 deadline for the US Securities and Exchange Commission (SEC) to decide on a series of spot Bitcoin Exchange-Traded Funds (ETFs) approaches, the market is rife with speculation. Initially, there was a strong consensus for approval…

Prometheum Earns Final Regulatory Nod to Try Hand at Fully-Compliant Crypto

[Dec 21, 2023 8:51 AM] Prometheum Inc., with the latest regulatory notch on its belt, is about to finally test whether a viable crypto platform can operate entirely within U.S. Securities and Exchange Commission (SEC) regulations.

BlackRock, Nasdaq, SEC Met Regarding Bitcoin ETF

[Dec 19, 2023 11:40 PM] This is the second meeting in a month between the parties about rule changes required to list the bitcoin ETF.

U.S. Judge Warns SEC Over 'False and Misleading' Request in Crypto Case

[Dec 1, 2023 5:06 PM] A federal judge threatened to sanction the SEC's lawyers after their "false" arguments prompted a court to impose a temporary restraining order on crypto firm Debt Box.

Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds

[Nov 20, 2023 4:41 PM] Crypto exchange Kraken commingled customer and corporate funds while operating as an unregistered broker, clearing agency and dealer, the U.S. Securities and Exchange Commission (SEC) alleged in a new lawsuit Monday.

Fidelity seeks green light for Ethereum ETF, following BlackRock's filing

[Nov 17, 2023 5:47 PM] Just days after BlackRock filed for the iShares Ethereum Trust, asset management firm Fidelity has submitted an application for its own Ethereum exchange-traded fund (ETF).

CFTC Chief: Nothing Changed After FTX Meltdown to Empower Agency to Prevent Repeat

[Nov 15, 2023 10:11 AM] U.S. regulators don't have any more authority now to head off another major crypto collapse than they did when FTX imploded and took much of the industry with it, said Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam.

U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown

[Nov 8, 2023 5:58 PM] As the U.S. House of Representatives weighs legislation on next year's spending, a provision was added on Wednesday that would deprive funding from U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto businesses.

U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push

[Nov 8, 2023 2:51 PM] The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF), according to a person…

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.

SEC Asks Court for Summary Judgement Against Do Kwon, Terraform

[Nov 2, 2023 10:31 PM] The request follows a move by Kwon's defense team to do the same.

U.S. SEC's Knock From Congressional Watchdog May Not Budge Crypto Accounting Policy

[Nov 2, 2023 9:21 AM] As the U.S. Securities and Exchange Commission (SEC) Chair keeps chasing non-compliance in crypto, his agency was slammed by the watchdog Government Accountability Office (GAO) for its own compliance failure in issuing crypto accounting standards…

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.

U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO

[Oct 31, 2023 1:11 PM] The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial "Staff Accounting Bulletin 121," according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens…

Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case

[Oct 30, 2023 10:54 AM] Terraform Labs and its co-founder, Do Kwon, are asking a federal judge to side with them in the U.S. Securities and Exchange Commission (SEC) fraud case, arguing that the regulator hasn't managed to prove the crypto company was offering securities.

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.

Grayscale ETF Case's Final Word Coming in Federal Court as SEC Loss Formalized

[Oct 19, 2023 1:55 PM] Grayscale Investments is waiting for a federal court tomorrow or soon after to formalize the defeat it handed the U.S. Securities and Exchange Commission (SEC) two months ago in the parties’ dispute over a spot bitcoin exchange traded fund (ETF)…

SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF

[Oct 13, 2023 3:07 PM] The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.

Coinbase’s Attempt to End SEC Lawsuit Should Be Rejected, U.S. Regulator Argues

[Oct 3, 2023 3:43 PM] “To distract from the fatal flaws in its legal arguments, Coinbase cries foul and seeks to blame the SEC for its current legal predicament,” the SEC said in a Tuesday court filing.

Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public

[Oct 2, 2023 7:20 AM] Chia Network cut a third of its workforce today as the blockchain platform sought to reestablish a lost banking relationship, the company told CoinDesk, further delaying what Chia had hoped would be a rapid path to listing as a public company.

Do Kwon dismisses Slack chat records as irrelevant evidence

[Sep 29, 2023 8:23 PM] Leaked Slack conversations between Terraform Labs co-founders, Do Kwon and Daniel Shin, have exposed their contemplation of orchestrating fraudulent transactions.

U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions

[Sep 28, 2023 3:00 PM] It would be hard for a big exchange to repeat an FTX collapse if the firm’s internal flow of crypto assets was also reported to an outside repository that U.S. regulators could see. That’s the idea behind new legislation from Rep. Don Beyer (D-Va.)…

SEC’s Gensler Throws More Crypto Punches in Congressional Hearing

[Sep 27, 2023 3:23 PM] U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto "hucksters" in congressional testimony on Wednesday, declining to answer the industry's most urgent questions while arguing that digital…