Tag: SEC
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…
SEC head says crypto market ‘fraught with scams’
The US Securities and Exchange Commission chairman Gary Gensler sent out a strong message to investors across the world by cautioning them against cryptocurrencies and said the market was riddled…
Binance to file a motion for dismissal of CFTC complaint
Crypto exchange Binance and its CEO Changpeng “CZ” Zhao are reportedly in talks to file a motion seeking the dismissal of a lawsuit filed by a US regulatory body against…
SEC claims that Coinbase was aware of the violations of the law
Coinbase was sued by the U.S. Securities and Exchange Commission (SEC) for misconduct for not registering its company as an exchange, broker, and clearing agent on June 6, 2023. According…
Bittrex’s challenge shocks SEC
Bittrex is one of the largest cryptocurrency exchanges that was founded in 2014 in order to trade Bitcoin (BTC), dogecoin (DGC), etc. It was founded by 3 cybersecurity engineers and…
Binance Brazil Faces Investigation for Alleged Pyramid Schemes Amidst Mounting International Regulatory Pressure
Binance, the world’s largest cryptocurrency exchange, is currently under investigation in Brazil for its suspected involvement in pyramid schemes. This development adds to the growing international regulatory scrutiny faced by…
SEC Files Lawsuit Against Coinbase, Leading to 12% Stock Drop, Over Exchange and Staking Programs
The Securities and Exchange Commission (SEC) has taken legal action against cryptocurrency exchange Coinbase, filing a lawsuit in a New York federal court. The SEC alleges that Coinbase has been…
Robert F. Kennedy Jr. Hails Bitcoin as “Perfect Currency” and Criticizes SEC’s Crypto Policy
Robert F. Kennedy Jr., a Democratic US presidential candidate for the 2024 campaign, has expressed his admiration for Bitcoin ($BTC), calling it the “perfect base currency.” Kennedy believes that cryptocurrencies…
Ooki DAO Succumbs to Court Battle with CFTC, Forced to Shutdown
In a landmark court battle, Ooki DAO, a decentralized autonomous organization (DAO), has been ordered by a United States district judge to permanently shut down and pay a substantial civil…
Coinbase Presses Court to Compel SEC’s Regulation of Cryptocurrency Market
Coinbase, a prominent cryptocurrency exchange, has taken an unprecedented step in its conflict with the U.S. Securities and Exchange Commission (SEC) by filing a writ of mandamus in federal court….
Binance Requests Gary Gensler’s Recusal from SEC Lawsuit, Citing Prior Relationship
In a recent development, Binance, the popular cryptocurrency exchange, has called for Gary Gensler, the chair of the United States Securities and Exchange Commission (SEC), to recuse himself from the…
Gemini and Bankrupt Lender Genesis Seek Dismissal of SEC Lawsuit Over Earn Program
Gemini, a cryptocurrency exchange platform, and Genesis Global Capital, a bankrupt crypto lender, have jointly filed a motion to dismiss a lawsuit brought by the U.S. Securities and Exchange Commission…
SEC Files Lawsuit Against Binance and CEO CZ, Citing Violations of Securities Rules
In a significant move by the United States Securities and Exchange Commission (SEC), the regulatory agency has initiated legal action against Binance, the world’s leading cryptocurrency exchange, as well as…
US Securities and Exchange Commission Moves to Freeze Binance US Assets
The US Securities and Exchange Commission (SEC) has reportedly filed a request with a federal court to freeze all assets belonging to Binance US. This action comes just two days…