SEC Financial News

15.02 / 02:01

business Government Law SEC Gold Dollar Binance CEO: crypto industry will probably move to non-dollar stablecoins

The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement on Twitter Spaces by Binance CEO Changpeng Zhao, also known as “CZ.”

15.02 / 02:01

Stablecoin regulation SEC security Circle Breaking: Circle squashes rumors of planned SEC enforcement action

USD Coin (USDC) issuer Circle has denied rumors that it received a "Wells Notice" over its United States dollar-pegged stablecoin.

15.02 / 01:51

Provident SEC Action Kraken Sec Chair Crypto Companies SEC Chair Gary Gensler Warns Crypto Companies

After the United States Securities and Exchange Commission revealed that it had reached a settlement with the cryptocurrency exchange Kraken, the chair of the SEC, Gary Gensler, issued a warning to crypto businesses, urging them to «come in and respect the law.»

15.02 / 00:33

markets Ethereum SEC Ether price Bitcoin Price Support Ethereum’s $1.5K support weakens as ETH traders turn slightly bearish

The price of Ether (ETH) declined 10.2% between Jan. 8 and Jan. 10, and has since been range trading near the $1,500 level. More importantly, on a broader time frame, Ether is down 52.5% in twelve months, which partially explains why derivatives metrics were somewhat neutral after Ether’s failed attempt to break $1,700 on Feb. 8.

15.02 / 00:33

regulation Trading SEC Blockchain Association files amicus brief in Wahi case, says SEC exceeded authority

The Blockchain Association filed an amicus brief Feb. 13 in the United States Securities and Exchange Commission (SEC) case against former Coinbase Global product manager Ishan Wahi and his associates. The advocacy group expressed its support for the defendants’ argument for dismissal, where they claimed the SEC had exceeded its authority in the case. The case alleging unregistered securities sales of nine tokens is being heard in the U.S. District Court of Western Washington.

14.02 / 23:00

Government Law regulation SEC us government Expect the SEC to use its Kraken playbook against staking protocols

The United States Securities and Exchange Commission (SEC) settledwith Kraken on Feb. 9 for an action taken against the exchange’s staking rewards program. Kraken paid a $30 million fine and agreed to halt the program.

14.02 / 22:59

Law regulation SEC Congress lawmakers debate US lawmakers US lawmakers and experts debate SEC's role in crypto regulation

The United States Securities and Exchange Commission and its chair Gary Gensler were the targets of many lawmakers and witnesses at a hearing exploring the crash of the crypto market.

14.02 / 20:31

markets Binance SEC Kraken Asia Bitcoin Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report

After twenty days of holding the $22,500 support, Bitcoin (BTC) price finally broke down on Feb. 9. Bullish traders had placed their hope on a sustained rally, but this has been replaced by a tight trading range with resistance at $22,000.

14.02 / 20:31

NFT regulation SEC Market Update Bitcoin Crypto Staking Why the SEC wants to ban crypto staking and stablecoins under scrutiny — Watch The Market Report live

This week on The Market Report, the resident experts at Cointelegraph discuss why the United States Securities and Exchange Commission is going after crypto staking and why stablecoins have been in the news recently.

14.02 / 20:07

Ethereum Ripple SEC ATM Bitcoin Today in Crypto: UK Goes After Unregistered Crypto ATM Operators, S. Korea Watching the Ripple-SEC Battle, Silvergate Execs Investigated by Law Firm, Bitget to Collaborate on CBDCs

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

14.02 / 17:49

Provident MET Digital SEC Action SEC’s new proposal affects crypto firms and hedge funds: Here’s why

The U.S. Securities and Exchange Commission (SEC) reportedly has a proposal in the pipeline that may affect the way that crypto firms interact with hedge funds, private equity firms, and hedge funds.

14.02 / 16:59

Binance SEC Action Paxos ordered to stop minting Binance stablecoin

The NYDFS ordered the move “as a result of several unresolved issues related to Paxos’ oversight of its relationship with Binance".In a separate statement, Paxos says it has been notified by the SEC that the watchdog is "considering recommending an action alleging that BUSD is a security and that Paxos should have registered the offering of BUSD under the federal securities laws".The firm says it "categorically disagrees" and that BUSD is not a security under federal laws. "BUSD issued by Paxos is always backed 1:1 with US dollar-denominated reserves, fully segregated and held in bankruptcy remote accounts," the statement continues.

14.02 / 16:15

Blockchain Binance SEC CEO Action Paxful reserves How Circle alerted the NYDFS about Binance’s insufficient reserves

Circle may have a hand in the recent regulatory crackdown on Paxos and Binance [BNB]. The USD Coin [USDC] issuer reportedly filed a complaint against Binance in 2022. In doing so, it alerted the New York Department of Financial Services towards the mismanagement of reserves that backed the tokens issued by the world’s largest crypto exchange.

14.02 / 13:13

CFTC SEC FTX Fried Sam lawsuits SEC and CFTC's Lawsuits against Sam Bankman-Fried Put on Hold by U.S. Judge – Here's Why

A New York judge has put cases against the former FTX CEO brought by the Securities and Exchange Commission and the Commodity Futures Trading Commission on hold until the criminal cases against him are concluded.

14.02 / 12:57

UPS litecoin SEC Action MasterCard LTC Litecoin Price Prediction Litecoin Price Prediction as $600 Million Trading Volume Comes In – Can LTC Reach $1,000 in 2023?

The litecoin price has gained by 1.4% in the past 24 hours, climbing to $91.34 as the cryptocurrency market continues to weather the effects of the SEC taking enforcement action against Paxos and its BUSD stablecoin. Its current price marks a 5% loss in a week, although the coin remains up by 4% in the last 30 days.

14.02 / 10:07

business Blockchain Adoption SEC us government Wall Street Pensions SEC to target crypto firms operating as 'qualified custodians' — Report

The United States Securities and Exchange Commission (SEC) is reportedly planning to propose new rule changes this week that could impact what services crypto firms can offer their clients.

14.02 / 08:59

business Stablecoin Binance regulation SEC security Paxos Matrixport NOT Stablecoins not the target in BUSD crackdown: Matrixport head of research

Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves.

14.02 / 05:25

CFTC regulation SEC Department Of Justice FTX CFTC and SEC cases against SBF deferred until after criminal trial

A New York judge has granted a request from prosecutors to defer civil proceedings from the Commodities Futures Trading Commision (CFTC) and the Securities Exchange Commision (SEC) until after Sam Bankman-Fried’s criminal trial in October.

14.02 / 03:35

business Stablecoin Binance regulation SEC security Paxos Paxos ‘categorically disagrees’ with the SEC that BUSD is a security

Paxos Trust Company has released a statement noting that it "categorically disagrees" with the United States securities regulator which has painted Binance USD (BUSD) as a security.

14.02 / 00:25

regulation SEC Kraken Staking Interpol Crypto Staking Regulation comes for crypto staking: Law Decoded, Feb. 6–13

Last week, the United States Securities and Exchange Commission (SEC) reached an agreement with cryptocurrency exchange Kraken. The latter will stop offering crypto staking services to American customers and pay $30 million in disgorgement, prejudgment interest and civil penalties.

13.02 / 21:43

Ripple XRP SEC crypto experts Is it Too Late to Buy XRP? Crypto Experts Give Their XRP Price Predictions

Things are not looking good for XRP. At least, that’s from a technical perspective. Regarding Ripple’s ongoing lawsuit against the US Securities and Exchange Commission, which accused the global crypto payments company of selling XRP as an unregistered security, no one knows what is going to happen. The judge presiding over the case is expected to make a ruling by the end of this quarter as to whether the case goes to trial or not and XRP bulls are hoping that Ripple might be able to force the SEC into a settlement.

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