SEC Financial News

08.03 / 00:33

ETF regulation Trading SEC Grayscale spot ETF Judges hear oral arguments in Grayscale suit against SEC over BTC spot ETF rejection

A panel of judges heard oral arguments in the Grayscale Investments suit against the United States Securities and Trade Commission (SEC) on March 7. Grayscale is challenging the SEC order not to approve Grayscale’s application to create a Bitcoin (BTC) spot exchange-traded fund (ETF). The SEC issued its order on July 6, 2022.

07.03 / 21:29

UPS ETF SEC Fighting CME Bitcoin SEC Points to 'Unregulated' Spot Market in First Oral Arguments Against Grayscale

Government regulators argued that bitcoin's unregulated nature leaves investors open to fraud Tuesday, as Grayscale Investments continues to fight to convert the largest Bitcoin investment fund into an exchange-traded fund (ETF).

07.03 / 19:07

Citi FIVE SEC Action SEC Takes Swift Action Against BKCoin and Kevin Kang for Alleged Involvement in $100 Million Crypto Fraud

The Securities and Exchange Commission (SEC) has announced it is taking “emergency action” against crypto hedge fund BKCoin and its co-founder Kevin Kang for “Ponzi-like conduct.”

07.03 / 13:15

UPS Ripple XRP SEC Patrick Amicus XRP Price Prediction as Judge Tries to Ban Prominent XRP Advocate in Court – What's Going On?

The XRP price has risen by 2% in the past 24 hours, reaching $0.369805 after the cryptocurrency market barely moved overnight.

07.03 / 10:13

business Binance regulation SEC us government Court Bankruptcy advisers NOT SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge

The United States Securities Exchange Commission (SEC) won’t be allowed to fine executives involved in Voyager Digital should it end up issuing bankruptcy tokens to help repay impacted customers, bankruptcy judge Michael Wiles has said.

07.03 / 04:39

business Law Mining SEC Scams Court SEC accuses Utah firm of 'fraudulent' $18M crypto mining scheme

Software and crypto mining equipment offered by the Utah-based Green United LLC was part of an $18 million "fraudulent scheme" that never mined the crypto it said it would, according to allegations by the United States Securities and Exchange Commission (SEC).

07.03 / 01:15

Binance SEC crypto regulation WOO regulatory Binance's Efforts to Woo SEC Chairman Gensler for US Regulatory Relations Uncovered – Here's What Happened

Binance approached US Securities and Exchange Commission chairman Gary Gensler in 2018 and 2019 to become an advisor for the firm. That’s according to a new bombshell report published by the Wall Street Journal on Sunday, which claims that Binance embarked on a campaign to “neutralize” US authorities out of fear of prosecution, citing messages and documents from 2018 to 2020.

06.03 / 22:07

UPS Citi FIVE SEC Action US SEC freezes assets of BKCoin for orchestrating crypto fraud scheme

The United States Securities and Exchanges Commission (SEC) announced that it filed an emergency action against BKCoin Management LLC – a crypto-hedge fund. Additionally, the action extends to its co-founder – Kevin Kang. The co-founder was fired in December 2022 over allegations of misappropriating customer funds to the extent of $12 million. The commission claims that BKCoin and Kang used customers $100 million “to make Ponzi-like payments and for personal use.”

06.03 / 21:25

regulation SEC Congress Senate Meta Ceo American regulators are pushing hard against crypto: Law Decoded, Feb. 28–March 6

American lawmakers and regulators continue to compete in their creative efforts to propose anything but comprehensive game rules for the crypto industry.

06.03 / 20:31

Government Law regulation SEC us government lawmakers Lawmakers should check the SEC’s wartime consigliere with legislation

When Michael Corleone ordered hits on rival bosses in The Godfather, he had Don Cuneo locked inside a revolving door and shot. Getting whacked while trapped behind a barred door appears to be the treatment United States Securities and Exchange Commission Chair Gary Gensler has in mind for U.S. crypto projects based on recent SEC enforcement activity and comments by the chair.

06.03 / 20:09

Law regulation SEC Fraud SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud

The United States Securities and Exchange Commission, or SEC, has targeted an investment adviser and individual allegedly connected to a $100-million cryptocurrency fraud in its latest enforcement action.

06.03 / 19:13

Binance SEC MasterCard Legal Today in Crypto: ByBit Announces Card, PancakeSwap to Launch V3 on BNB Chain, Egypt Arrests 29 Scammers, Pakistan Banks' Association to Develop a Blockchain-based KYC Platform

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________

06.03 / 06:57

Provident SEC Lido’s wstETH sees interest on Aave, but other challenges lie ahead

The Lido protocol was on an impressive run over the past few months. However, due to the FUD caused by the recent SEC speculation, the Lido protocol was impacted negatively.

06.03 / 05:37

Ethereum ETH Twitter Binance SEC Voyager sells ETH; should short-term Ethereum holders be worried?

Twitter account Lookonchain revealed an interesting transaction that happened on 5 March 2023. As per the tweet, Voyager continued to dump its holdings as it sold 1,449 Ethereum [ETH], worth over $2 million, via Wintermute. In exchange, Voyager received 2.25 million USDC.

06.03 / 01:27

UPS ETF SEC CEO Bitcoin Grayscale CEO challenges SEC's denial of application

Michael Sonnenshein, CEO of Grayscale Investments, stated in a recent interview that he «can't imagine» why the United States Securities and Exchange Commission (SEC) «wouldn't want» to protect Grayscale investors and return the true asset value to them. Sonnenshein made this statement in response to a question regarding why the SEC «wouldn't want» to protect Grayscale investors.

06.03 / 01:27

Blockchain SEC Bitcoin Lawyers Crypto Lawyers Dispute SEC Chief's Jurisdiction Claims

The Chairman of the SEC, Gary Gensler, recently claimed in an interview that all cryptocurrencies, except Bitcoin, fall under the agency's jurisdiction. However, his comments have been disputed by lawyers for the cryptocurrency industry who argue that the SEC must prove its case in court for each token individually before it can claim jurisdiction over them.

06.03 / 00:49

Provident Binance SEC CEO Platform Forbes WSJ Sec Chair Binance reportedly wanted SEC chair Gary Gensler to be an adviser

Binance – the world’s largest crypto exchange – sought to onboard Gary Gensler, the current Chairman of the U.S Securities and Exchanges Commission (SEC), in 2018 and 2019. The crypto exchange wanted Gensler to serve as an adviser but the proposal was turned down, according to a report by the Wall Street Journal. Nonetheless, the current SEC Chair shared some “license strategies” with Ella Zhang – former head of Binance Labs, and Harry Zhou – an employee at Binance.

06.03 / 00:41

Stablecoin defi regulation SEC 'Sorry for spreading a rumor', says podcaster on Lido's FUD

Co-founder of content studio Bankless David Hoffman apologized for spreading rumors about what he called a "Wells Notice Carpet Bombing" targeting crypto firms, including the decentralized finance protocol Lido Finance.

06.03 / 00:41

business Binance regulation SEC U.S. regulators Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report

Update (March 5, 9:22 p.m. UTC): This article has been updated to include Binance's response.

05.03 / 09:09

Adoption Ripple XRP regulation SEC Bloomberg The crypto industry has 'already started' moving outside of the US, says Ripple CEO

The United States Securities and Exchange Commission (SEC) regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to regulate an industry, and may result in the U.S being a less attractive place for crypto innovation, suggests Ripple’s CEO.

05.03 / 01:07

Lowe's Ripple XRP Progressive SEC CEO Action Exploring XRP’s price action as Ripple files Fair Notice defense

Ripple [XRP] is back in the spotlight courtesy of its recent filing regarding its lawsuit filed by the SEC. The new filing focuses heavily on Fair Notice defense, which has been part of Ripple’s argument since the beginning. But what is new this time?

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