SEC Financial News

The Securities and Exchange Commission (SEC) has issued an alert reminding investors that cryptocurrency offerings may be illegal because they are not registered with the regulator.

A person believed to be Terraform Labs co-founder Do Kwon, who is accused of alleged cryptocurrency securities fraud, was apprehended at an airport in Montenegro Thursday, according to a tweet from the country's interior minister.

The US-based crypto exchange Coinbase is facing a lawsuit from the Securities and Exchange Commission (SEC) over securities violations related to staking, its listing of assets, and the Coinbase Wallet.

Shares of Coinbase Global Inc. (COIN), America's largest crypto exchange, tumbled Thursday morning after the firm revealed the U.S. Securities and Exchange Commission (SEC) may take legal action over the crypto exchange's products.

Algorand Foundation CEO Stacy Waden took to Twitter to confirm rumors about Coinbase's decision to discontinue Algorand (ALGO) staking rewards for retail customers. Coinbase and Algorand, however, cite different reasons for the move.

The US Securities and Exchange Commission has filed civil charges against eight celebrities, alleging they illegally promoted two cryptocurrencies without disclosing that they were paid to do so.

The controversial crypto entrepreneur Justin Sun is facing a lawsuit from the US Securities and Exchange Commission (SEC) over a scheme to pay celebrities to shill Tron’s TRX and BitTorrent (BTT) tokens.

Bitcoin's price has been on a rollercoaster ride over the past few weeks, with sudden spikes and dips causing uncertainty for investors. In a surprising turn of events, the cryptocurrency suddenly blasted up to $28,500 - leaving many wondering what was going on. 

Led by “his excellency” Justin Sun, Tron [TRX] has struggled to become a high-ranking cryptocurrency per its price. Moreso, the cryptocurrency had not been able to significantly pull itself out of anguish lately, despite its high market capitalization.

The Shiba Inu price has dropped by 0.8% in the past 24 hours, with the meme token doing well to recover from a market correction that shaved as much as 5% off its price.

The Terra Luna Classic price has partially recovered after dipping by as much as 3.5% this morning, with the coin's price of $0.00012738 representing a loss of only 1% in the past 24 hours.

Staking on centralized exchanges and staking in decentralized finance (DeFi) are two distinct methods of participating in blockchain networks and earning rewards. While both involve holding onto and “staking” assets, the way they operate and the benefits they offer are different.

Kraken will suspend automated clearinghouse (ACH) deposits and withdrawals beginning March 27 due to the recent closure of its banking partner Silvergate Bank. 

In an email to customers, Binance says it will suspend sterling deposits and withdrawals via card and Faster Payments from 22 May. The exchange says the move has been forced by Paysafe subsidiary Skrill's decision to stop offering fiat services. Less than one per cent of Binance customers are affected and those that are can still access their GBP balances. The sterling news comes shortly after Binance had to suspend all dollar bank transfers and amidst growing regulatory scrutiny of the exchange in the wake of the FTX collapse. Th US Justice Department is investigating the firm over suspected money laundering and sanctions violations while the SEC is eying its BUSD stablecoin. Binance says it is working to find an alternative to Paysafe but a partner could be hard to come by. In 2021, the exchange lost access to Faster Payments after the FCA ordered it to stop regulated activities in the UK. The following year, it regained access via Paysafe but even then the FCA raised concerns about the move while conceding that is had "limited powers" to object. Now, Skrill says it has "concluded that the UK regulatory environment in relation to crypto is too challenging to offer this service at this time".

Other celebrities caught up in the promotional campaign for Tronix and BitTorrent tokens include:

The Securities and Exchange Commission has told Coinbase Global that it plans to take enforcement action against the company, escalating its crackdown on digital-currency firms by targeting the biggest US crypto exchange, Coinbase said on 22 March.

Brian Armstrong, the CEO and co-founder of crypto exchange Coinbase has compared the Securities and Exchange Commission (SEC) to “soccer refs” in a game of pickleball, criticizing U.S. regulators for not being able to “agree on the rules” of “this new game.”

Hester Peirce, one of the five commissioners of the United States Securities and Exchange Commission (SEC), recently appeared in a Bankless podcast.

The United States Securities and Exchanges Commission (SEC) has been actively involved in the crypto market for the past few weeks. The commission that laid securities law violations against Justin Sun has also made a move against the leading American crypto exchange – Coinbase. Notably, the commission sent a Wells Notice to the crypto exchange on March 22, 2023, as per an SEC filing.

The U.S. Securities and Exchange Commission (SEC) filed another lawsuit against cryptocurrency promoters, this time including Tron Founder Justin Sun, actress Lindsay Lohan, and Youtuber-turned-boxer Jake Paul.

Crypto exchange Coinbase said it received a 'Wells Notice' from the United States Securities and Exchange Commission recommending the regulator take enforcement action.