SEC Financial News

The price of XRP has risen by as much as 8% in the past 24 hours, with the altcoin's move to $0.811954 making it the fourt-biggest cryptocurrency in the market in terms of cap, ahead of BNB.

Senior Republican members of the US House of Representatives expressed their concern about the US Securities Exchange Commission’s approach to crypto regulation in a letter to the financial regulator’s chair Gary Gensler. 

A fraudster who has been convicted twice before has been charged by the SEC for alleged involvement in a multi-million-dollar Ponzi-like scheme.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

cryptocurrency markets were trading mixed in Thursday's trade. XRP, Cardano, Tron, and Polygon were trading with gains, while Bitcoin, Ethereum, BNB, and Litecoin were trading with cuts. Bitcoin (BTC) fell 0.07% to $30,077, whereas Ethereum (ETH) was above the 1,900 level. BTC volume stood at approximately $11.45 billion, falling 16.25% in the last 24 hours. «BTC continues to perform within a narrow range of less than 2%, around $30k. In the last 24 hours, XRP continued to be amongst the top performers in terms of volumes and price change. Interestingly, XRP has surpassed the trading volumes of BTC on a majority of exchanges ever since the court ruling against SEC fell in its favor,» Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said. The total volume in DeFi is currently $1.97 billion, 6.5% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.21 billion, which is 89.66% of the total crypto market 24-hour volume.

Kashmir chief secretary B R Sharma on Thursday took oath as the State Election Commissioner of the Union Territory. Jammu and Kashmir Lieutenant Governor Manoj Sinha administered the oath of office to Sharma at the Raj Bhavan.

United States Securities and Exchange Commission (SEC) Chair Gary Gensler has called for “new tools, expertise, and resources” aimed at addressing misconduct in the crypto space in the regulator’s 2024 budget request.

Spot Bitcoin exchange-traded fund (ETF) applications from several firms have been published in the Federal Register, moving them one step along in the United States Securities and Exchange Commission’s (SEC) process.

Coinbase’s “Earn” program is particularly vulnerable to regulatory action following the recent ruling in the case between Ripple and the US Securities and Exchange Commission (SEC), a report from investment firm Berenberg Capital has warned.

Two members of the United States House of Representatives have added their names to a list of lawmakers criticizing Securities and Exchange Commission (SEC) chair Gary Gensler’s approach to digital asset regulation. 

SEC) has accepted applications to create spot bitcoin exchange-traded funds from six firms including BlackRock for review, the first step in the agency's process for deciding whether or not to approve the latest round of proposals. The SEC also formally acknowledged applications from Bitwise, VanEck, WisdomTree, Fidelity and Invesco for similar spot bitcoin ETFs, with those proposals appearing on the Federal Register Tuesday and Wednesday.

In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Ripple’s partial victory against the SEC and its impact on the crypto market. Although people traded based on emotion after headlines popped out, the next day, as investors could process what happened, the altcoins gave away half of the gains.

Congressman Ritchie Torres has asked the US Securities and Exchange Commission to provide clear rules for crypto instead of “indiscriminately” treating the majority of crypto assets as securities under its purview. 

San Francisco-based blockchain startup, Ripple, is optimistic that U.S. banks and financial institutions will adopt its XRP cryptocurrency for cross-border payments. This follows a significant ruling that the token is not necessarily a security.

The price of Shiba Inu (SHIB) has barely moved in the past 24 hours, with its current level of $0.00000775 representing a 3% gain in the last seven days.

SEC registered investment advisory firm SageView Advisory Group has expanded its growing national footprint with the acquisition of Retirement Benefits Group (RBG) San Diego.  

The price of Bitcoin is currently trading at $30,095, experiencing a minor drop of less than 0.10% on Wednesday. 

The biggest crypto exchange Binance is reportedly planning to layoff between 1,500 and 3,000 employees by the end of the year, according to an anonymous source cited by CNBC on July 14, 2023. This move is seen as a response to an ongoing probe by the U.S. Department of Justice and SEC.

New York Rep. Ritchie Torres has called on United States Securities and Exchange Commission (SEC) Chair Gary Gensler to reconsider the regulator’s position on crypto following a “dreadful day in court."

Securities and Exchange Commission (SEC) chair Gary Gensler has said he is “disappointed” in a court ruling that declared that Ripple’s XRP token is “not in and of itself” a security.

Remaining questions in the legal battle between Ripple and the US Securities and Exchange Commission (SEC) have been referred to Magistrate Judge Sarah Netburn, the judge who ordered the release of the so-called ‘Hinman documents.’