SEC Financial News

Goldman Sachs is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank's securities portfolio prior to the bank's collapse, The Wall Street Journal has reported, citing sources familiar with the matter.

The U.S. Federal Reserve's recent decision to maintain its key lending rate has surprised many, as it breaks the trend of rate hikes observed in the past year and a half.

US House Financial Services Committee Chair Patrick T. McHenry plans to hold a vote on a bill that would regulate digital assets by mid July.

However, the dawn of digital era has paved the way for a fresh wave of investments options, with cryptocurrencies being the most prominent digital asset. Despite initial hesitations and uncertainties surrounding unregulated assets, cryptocurrencies such as Bitcoin and Ethereum have garnered notable momentum and exhibited increasing competitiveness in daily returns, particularly in the Indian market. Furthermore, the Government of India in a recent G20 summit has published a comprehensive report that sheds light on the willingness of numerous countries to adopt and legitimize cryptocurrencies, ultimately augmenting their accessibility. Within this context, India has firmly established itself as the seventh-largest nation, poised to embrace cryptocurrencies in the coming years and beyond. Undoubtedly, as the adoption of cryptocurrencies continues to surge, India has solidified its position as a global frontrunner in embracing and integrating the digital currencies into its financial landscape.

The XRP price has dropped by 4% in the past 24 hours, dipping to $0.506899 after the long-awaited Hinman emails were released to the public yesterday.

Enforcement actions on cryptocurrency firms by regulators in the United States could result in a Bitcoin (BTC)-focused industry that will push its price over $250,000, according to MicroStrategy co-founder Michael Saylor.

The Hong Kong Monetary Authority (HKMA), which serves as the region's central bank and regulator, has reportedly put pressure on major banks including HSBC and Standard Chartered to accept crypto exchanges as clients.

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United States crypto lobby group Blockchain Association has filed a request with the U.S. Securities and Exchange Commission, seeking information about the formerly little-known crypto company Prometheum.

BlackRock’s latest filing for a spot Bitcoin (BTC) trust will drive investors’ confidence in Bitcoin and may even be “the best thing that could happen” to BTC, according to some crypto industry observers — but others warn of a hidden cost.

Analysts are warning that Decentraland’s $MANA token could be going to zero in wake of the US Security and Exchange Commission’s (SEC) labeling of the token as an unregistered security.

Binance.US and the US Securities and Exchange Commission are trying to reach a solution in order to avoid a total asset freeze.

Binance Coin (BNB), the cryptocurrency that powers the Binance Smart Chain, has seen a decent 9% bounce from its recent lows.

The relatively under-the-radar crypto company Prometheum has been thrust into the spotlight after a recent testimony from its co-founder before a United States House Committee, discussing crypto regulatory clarity.

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance on June 5, alleging that the exchange was involved in the sale of unregistered securities. In its 136-page complaint, the SEC accuses Binance and its founder, Changpeng “CZ” Zhao, of participating in a complex conspiracy that involved fraud, conflicts of interest, a lack of disclosure and willful disregard for the law. 

The cryptocurrency industry has been under huge pressure since the price of Bitcoin plunged from its all-time high of $69,000 in late 2021. 

Paul Grewal, chief legal officer of United States-based cryptocurrency firm Coinbase, has pushed back against a proposed rule change from the Securities and Exchange Commission (SEC) which could change the definition of an exchange and how digital assets are regulated.

The newly released Hinman documents relevant to the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) have shed light on internal divisions within the SEC and raised questions about its motives.

In the latest episode of The Market Report, analyst and writer Marcel Pechman explains that United States inflation slowed for an 11th straight month in May, even though the Consumer Price Index increased 4% year-over-year. That’s down from 4.9% in April but still above the 2% target.

Binance has not sold either bitcoin or Binance Coin, its native token, the company's CEO Changpeng Zhao tweeted on Tuesday. Last week, Binance was sued by the U.S.

The price of Bitcoin (BTC) has fallen below the $25,000 mark for the first time since March 17 following a hawkish Fed announcement amidanother turbulent week for the crypto industry.