Tag: SEC

crpto image
27
Nov
2024
Posted in Policy and Regulation

Trump team wants to weaken the function of the SEC and transfer crypto regulation to the CFTC: report

According to people familiar with the situation, Fox Business claims that President-elect Donald Trump and the incoming administration may allow the Commodity Futures Trading Commission to regulate specific digital assets….

26
Nov
2024
Posted in Altcoin

‘9,000’ Upgrade Avalanche Testing Using Retroactive Grants Totaling $40 Million

Avalanche developers have released the Avalanche9,000 testnet, a blockchain update that aims to simplify and lower the cost of L1 development on its network. According to a release from the…

25
Nov
2024
Posted in Policy and Regulation

After Chair Gensler leaves, SEC Commissioner Jaime Lizárraga will depart the agency

Jaime Lizárraga, a senior leader at the U.S. Securities and Exchange Commission, announced his intention to depart the organization early in the upcoming year. Joe Biden announced his intention to…

16
Jul
2024
Posted in Ethereum

At least three ETH ETF issuers have received “preliminary approval” from the SEC

At least three asset managers have allegedly received preliminary permission from the US Securities and Exchange Commission for their spot Ether exchange-traded funds (ETFs), which feeds speculation that the ETFs…

07
May
2024
Posted in Altcoin

SEC Is Examining Robinhood’s US Crypto Operations

This letter raises the possibility of legal action against the company’s cryptocurrency branch, Robinhood Crypto (RHC). “Disappointed” With SEC Wells Notice, Robinhood Chief Legal, Compliance, and Corporate Affairs Officer at…

26
Apr
2024
Posted in Altcoin Bitcoin

SEC Initiates Discussions on Proposed Rule Change for Bitcoin Trading Options

The United States Securities and Exchange Commission (SEC) has embarked on a new phase of deliberations as of April 24 concerning a proposed modification to the rules governing options trading…

23
Apr
2024
Posted in Policy and Regulation

Judge criticizes SEC for “abuse” of power in crypto fraud trial, prompting lawyers to resign

Following a Utah judge’s criticism of the U.S. Securities and Exchange Commission for a “gross abuse” of power, two lawyers from the agency recently resigned, according to Bloomberg, which cited…

12
Apr
2024
Posted in Altcoin Policy and Regulation

SEC is suing Uniswap in an attempt to impede the rapidly expanding DeFi industry

In a warning to Uniswap on Wednesday, the Securities and Exchange Commission stated that it plans to file an enforcement action against the company. Uniswap is the main platform for…

04
Apr
2024
Posted in Altcoin Policy and Regulation

SEC Requests Public Input on Proposed Grayscale, Bitwise, and Fidelity Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) has opened the floor for public commentary on several proposed exchange-traded funds (ETFs) related to Ethereum, as per official filings. In a move…

23
Mar
2024
Posted in Policy and Regulation

U.S. Regulatory Agencies Seek Increased Funding to Strengthen Oversight of Cryptocurrency Market

The U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Treasury Department are all pushing for additional funding in the 2025 fiscal year to bolster their supervision…

07
Mar
2024
Posted in Blockchain BSC

Binance.US Fired 2/3 of Employees, Revenue Plummeting 75% Following SEC Lawsuit

Following the SEC’s action, Binance.US experienced 200 layoffs, a 75% decline in sales, and a $1 billion asset exodus. The exchange’s activities were impacted heavily by lost banking relationships, auditor…

09
Feb
2024
Posted in Altcoin

TradeStation Crypto Settles with SEC for $3 Million Over Unregistered Product

TradeStation Crypto, a Monex Group subsidiary, has reached a $3 million settlement with the U.S. Securities and Exchange Commission (SEC) and regulators from 26 states. The resolution addresses allegations that…

03
Feb
2024
Posted in Altcoin

Thailand’s SEC Orders Temporary Suspension of Zipmex Crypto Exchange Amid Regulatory Scrutiny

In a significant move, Thailand’s Securities and Exchange Commission (SEC) has directed Zipmex, a cryptocurrency exchange, to halt its digital asset trading and brokerage services starting February 2. The SEC…

11
Jan
2024
Posted in Altcoin Bitcoin

SEC’s Official Twitter Account Hacked, Raises Market Manipulation Concerns

In a shocking turn of events, the official Twitter account of the U.S. Securities and Exchange Commission (SEC) was compromised, leading to the dissemination of a false announcement about the…

04
Jan
2024
Posted in Altcoin Bitcoin

SEC Likely to Reject All Bitcoin Spot ETFs in January, Triggering Market Concerns

In a departure from prevailing market sentiments, Matrixport analyst Markus Thielen predicts that the Securities and Exchange Commission (SEC) is poised to reject all bitcoin spot ETF proposals this month….

24
Dec
2023
Posted in Altcoin Policy and Regulation

Founders of BarnBridge DAO have reached a settlement of $1.7 million with the SEC

The two founders of BarnBridge DAO and the company will pay the SEC more than $1.7M to resolve claims that they failed to register the offer and sale of the…

30
Nov
2023
Posted in Altcoin Policy and Regulation

Court Approval for FTX to Sell $744 Million in Grayscale Trust Assets Granted

According to a bankruptcy court filing filed on Friday, bankrupt cryptocurrency exchange FTX just gained consent from a bankruptcy court to sell its shares in digital trusts administered by Grayscale…

22
Nov
2023
Posted in Altcoin Policy and Regulation

Binance agrees to a $4.3B settlement in the US. Changpeng Zhao “CZ” steps down as CEO.

As part of a $4.3 billion deal with the government, Binance’s founder and CEO, Changpeng “CZ” Zhao, agreed to resign after the company was charged with criminal charges in the…

07
Sep
2023
Posted in DeFi

Grayscale urges SEC to speed up approval for Bitcoin ETF

Crypto asset manager Grayscale Investments wrote to the US Securities and Exchange Commission to speed up the process of approval for its proposed Bitcoin spot exchange-traded fund (ETF). Grayscale Investment’s…

01
Aug
2023
Posted in Altcoin

Kin community members vote for burning 71% of token supply 

Kin Foundation, which maintains the decentralized protocol Kin, announced that its community members have decided that a large volume of the platform’s native cryptocurrency – the KIN token – will…