SEC Financial News

Terraform Labs, the company behind failed TerraUSD and Luna cryptocurrencies, has agreed to pay nearly $4.5 billion to settle a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), an SEC filing seeking a court approval for the agreement showed Wednesday.

In a landmark decision, Terraform Labs and its founder, Do Kwon, have agreed to pay the United States Securities and Exchange Commission (SEC) a $4.47 billion fine.

Decentralized finance (DeFi) exchange Uniswap has hired former senior Coinbase attorney Katherine Minarik amid the possibility of enforcement action from the US SEC.

market itself, but in the broader financial world that had left the digital asset sector for dead last year. The change of heart can be seen in the improved outlook for deal flow, highlighted by Robinhood Markets Inc.’s purchase of crypto exchange Bitstamp Ltd. on Thursday, to a resurgence of venture-capital investments to what some analysts are expecting to be record amount of initial public offerings of companies connected to the industry.

Three men have been charged by the Securities and Exchange Commission over allegations of fraudulent sales of shares in pre-IPO companies.

The Texas Stock Exchange is looking to steal New York’s crown as the center of U.S. capital markets. It has a powerful force behind it: red-state frustration with the perceived liberal agenda of Wall Street.

A US appeals court overturned an SEC rule on fee and expense disclosure for hedge funds and equity firms, citing congressional overreach.

Finra is calling on all its member firms to take heed and take action as new SEC rules that stiffen expectations around data breaches takes effect.

ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission's queries, Chair Gary Gensler said on Wednesday. The SEC last month approved applications from Nasdaq, CBOE and NYSE to list spot ether ETFs. It was a surprise win for the cryptocurrency industry which had expected the SEC to reject the filings after discouraging meetings with the regulator.

When the Securities and Exchange Commission implemented its Marketing Rule in November 2022, there was caution, but also expectation of modernization and greater flexibility.

According to a report by the FT, the New Orleans-based 5th US Circuit Court of Appeals decided the SEC had overstepped its authority when it sought to change the rules in August 2023. The proposals would have required fund managers to provide detailed quarterly results to investors, as well as expense reports and limit secret side deals. US private fund industry bodies sue SEC over new disclosure rules As a result, a group of six US trade bodies representing hedge funds and private markets firms filed a lawsuit against the US regulator over its «unlawful and harmful» rules they arg...

House Republicans this week put forth an almost surely dead-on-arrival spending bill aimed at blocking IRS enforcement and several SEC rules disfavored by the party.

The SEC recently approved Ethereum ETFs, clarifying Ether’s status as a commodity, but that doesn’t cover staked Ether. Meanwhile, AVAX is currently consolidating, and the recent price analysis for Avalanch indicates a potential breakout.

Despite drastic price fluctuations in the course of May, the crypto community has their eyes pegged on a big jump in the month of June. Three of the top altcoins they are eyeing to generate profit are; Ethereum, Ripple, and Rollblock . Rollblock, has already gone up by 40% and is one of the altcoins to watch for an outstanding rise in price in June.

Here’s a quiz: If you had access to real-time stock price data, what would you do? These are your options: You could gamify the stock trading experience using virtual money. On top of that, you could start a contest, charge a small entry fee, and distribute prizes. And maybe also launch a social trading platform where users can show off their stock-picking skills.

The SEC’s Salt Lake City office, recognized in the crypto community due to its unsuccessful litigation against DEBT Box, is set to close. This decision follows a notable decrease in its workforce, including individuals who departed due to reported involvement in the case.

A group backed by Wall Street heavyweights BlackRock and Citadel Securities is planning to start a new national stock exchange in Texas, aiming to take on what they see as onerous regulation at the New York Stock Exchange and Nasdaq. The Texas Stock Exchange, which has raised approximately $120 million from individuals and large investment firms, plans to file registration documents with the Securities and Exchange Commission later this year, CEO James Lee told The Wall Street Journal. The goal is to begin facilitating trades in 2025 and host its first listing in 2026.

This marks a significant step forward for the crypto community, as the approval will allow crypto platforms including BlackRock, Fidelity, Invesco, and Art Invest to launch ETFs that invest in ether, cryptocurrency of the ethereum blockchain.

Bitcoin (BTC) briefly crossed $70,000 on Monday after spending most of last week below that mark. However, it was BlackRock's iShares Bitcoin Trust (IBIT) that grabbed headlines after toppling Grayscale Bitcoin Trust (GBTC) as the largest spot bitcoin exchange-traded fund (ETF) by assets.

The money, which comes on the heels of a $25 million donation from Ripple, means that Fairshake and its affiliates have raised to $160 million in this election cycle, making it one of the largest Super PACs.Coinbase has a strict no-politics policy but, says CEO Brian Armstrong in a blog, "when it comes to our mission of increasing economic freedom by growing the adoption of cryptocurrencies, we are deeply engaged in policy efforts".Armstrong claims that 52 million Americans have owned crypto but: "For too long, some congressional leaders who are out of touch with their constituents have attempted to eliminate the crypto industry from the US."Last summer, Coinbase was sued by the SEC for operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.The industry secured another win last week when the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act despite opposition from the Biden Administration and SEC chair Gary Gensler.The bill establishes a regulatory framework for digital assets, covering areas such as consumer protections, the use of crypto in illicit finance, but still faces an uncertain future in the Senate.Armstrong cites the bill as an example of recent progress but says, "the best way to get regulatory clarity in democratic countries is to elect pro-crypto candidates on both sides of the aisle, and to vote anti-crypto candidates out of office".

RWA Wealth Partners, an independent RIA overseeing $15 billion in client assets, has named a new chief executive.