SEC Financial News

04.08 / 16:55

SEC coinbase Legal NOT Former Coinbase Manager Pleads Not Guilty To Wire Fraud Charges

In what is described as the first insider trading case related to crypto in the US, a former product manager at major exchange Coinbaseand his brother have pleaded not guilty to wire fraud charges.

04.08 / 00:01

business CFTC SEC coinbase NOT Coinbase exec at heart of insider trading scandal pleads not guilty in federal court

Former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court on Wednesday, Reuters reported. Wahi is accused by United States law enforcement and the Securities and Exchange Commission (SEC) of insider trading while at Coinbase. He was arrested in May as he attempted to board a flight to India and was charged in July.

03.08 / 23:33

SEC coinbase Legal Professor Warns SEC That Its Move Against Coinbase Is a ‘Serious Mistake’

A former advisor to the United States Securities and Exchange Commission (SEC) has warned that the agency would be making a “serious mistake” if it proceeds with a probe into Coinbase and other major crypto exchanges.

03.08 / 22:11

CFTC SEC Congress Senators regulatory Senators Stabenow, Boozman introduce crypto bill that extends CFTC's regulatory powers

United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act bill on Wednesday. The bill has been expected for several months. Like the Digital Commodities Exchange Act (DCEA) introduced into the House of Representatives by members of the House Agriculture Committee in April, the new bill enlarges the role of the Commodity Futures Trading Commission (CFTC). The new bill is not the companion to the DCEA, however.

02.08 / 18:31

Blockchain Ethereum FIVE SEC Sec Charges SEC Charges 11 for $300M in Crypto Ponzi Scheme

The United States Securities and Exchange Commission (SEC) has charged 11 individuals for creating and promoting a fraudulent crypto pyramid scheme and Ponzi scheme. The authority published a press release on August 1, saying that the $300 million crypto pyramid scheme involved perpetrators from several countries. The complaint was filed in the United States District Court in the Northern District of Illinois.

02.08 / 16:37

regulation SEC coinbase AMP Dives as Binance.US Unveils Its Delisting Following the SEC Claim that It is a Security

AMP, the native token of the Amp blockchain, has extended losses following news that Binance.US, the US arm of major crypto exchange Binance, would delist the coin due to the Securities and Exchange Commission (SEC)'s claim that it is a security.

02.08 / 09:47

SEC Platform Crypto platform Forsage charged with running Ponzi scheme by SEC

The Securities and Exchange Commission said on 1 August it charged 11 individuals with creating and promoting a fraudulent platform that operated as a global crypto pyramid and Ponzi scheme.

02.08 / 06:23

regulation SEC Fraud Ponzi scheme Sec Charges SEC charges 11 individuals over $300M crypto ‘pyramid scheme’

The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a "fraudulent crypto pyramid scheme" platform Forsage.

01.08 / 23:39

Binance SEC coinbase Kraken Coinbase, Binance and Kraken under scrutiny: Law Decoded, July 25-August 1

Despite some good signs of the crypto prices recovery, last week could hardly be called bright for the market, as the major news came from the enforcers and not the regulators. According to a report from the New York Times, the United States Treasury Department’s Office of Foreign Assets Control (OFAC) has been investigating crypto exchange Kraken for allegedly allowing users based in Iran and other countries to buy and sell crypto in a potential violation of U.S. sanctions.

01.08 / 22:15

Binance regulation SEC Binance US will delist AMP following SEC claim token is a security

United States-based crypto exchange Binance.US said it will be delisting the Amp token “out of an abundance of caution” of possible enforcement by federal regulators.

01.08 / 19:49

Digital ETF SEC CEO Charles Schwab Files Prospectus for Crypto-Themed ETF on NYSE

Multinational financial services company Charles Schwab is set to launch its first crypto-themed ETF on the New York Stock Exchange (NYSE). The ETF expects to be launched in the coming week, according to a prospectus filed with the United States Securities and Exchange (SEC) Commission on July 29.

30.07 / 19:39

Target Ripple SEC sec lawsuit Ripple v. SEC lawsuit takes a new turn as ‘unidentified’ third-party enters

The SEC and Ripple case has reached a frustrating impasse as both sides struggle to hold their ground. Only recently, Ripple Legal filed a motion to thwart the SEC in which they targeted the SEC’s unlawful methods. The SEC has unlawfully used the Howey Test as the token represented a “security per se”. This theory has been issued from the onset by the SEC. Ergo, the SEC has itself is to blame because of its ‘unprecedented allegations.’

30.07 / 12:37

Ripple XRP SEC Action sec lawsuit Ripple reveals SEC lawsuit update and aggressive push into NFT market through its Q2 report

Ripple Labs released its Q2 2022 report highlighting various development aspects, while also highlighting market dynamics affecting its performance. A key highlight of the report was the confirmation of the company’s pursuits aimed at tapping into opportunities in the NFT market. It also reiterated its commitment towards fast-tracking the SEC lawsuit.

29.07 / 11:50

ETF SEC Strategy Tesla strategies Despite concerns, ESG strategies may become a crowded trade for impact investors – so Vanguard is taking a different track

It's a fund looking to make money from green investing.

29.07 / 11:41

regulation SEC lending Pat Toomey blames the SEC for crypto lending platform crisis

According to Senator Pat Tomey, famous for his vocal support for the crypto industry, the United States Securities and Exchange Commission (SEC) could have prevented the loss of $12 billion in assets by investors who trusted Celsius, a crypto lending platform, that froze their deposits in June.

28.07 / 03:41

SEC coinbase security Bitcoin Lawyer Coinbase SEC investigation could have ‘serious and chilling’ effects: Lawyer

An investigation reportedly launched by the Securities and Exchange Commission (SEC) into Coinbase’s alleged trading of unregistered securities could have a “serious and chilling effect” on crypto exchanges and token projects, according to a legal expert.

28.07 / 01:53

UPS Binance SEC surges BNB surges despite Binance’s numerous conflicts- decoding ‘why’

While many cryptocurrencies visited the red zone, Binance [BNB] went up the charts. Over the last 24 hours, the token increased by 3.91%.

27.07 / 17:37

Ripple XRP SEC Santiment Ripple investors should know this before going short on XRP

The legal battle with the SEC is not the only issue that has been receiving quite a turnaround where Ripple is concerned.

27.07 / 13:29

SEC coinbase Entertainment Investment Coinbase Releases First Part of BAYC-Featured Movie while COIN Keeps Tanking & ARK Dumps Coinbase Shares

Major crypto exchange Coinbase has released the first part of its Bored Ape Yacht Club (BAYC)-featured movie called "The Degen Trilogy." Meanwhile, the company's shares continue to tumble as the US Securities and Exchange Commission (SEC) launched a probe into whether the exchange has listed unregistered securities.

27.07 / 13:15

business Blockchain SEC STO ‘Game yet to begin’ for security token offerings, INX exec says

Despite some of the first security token offerings (STO) launching at least four years ago, the STO industry is still yet to take off, according to an executive at the INX cryptocurrency trading platform.

27.07 / 07:29

SEC Untold launches crowdfunding platform for entertainment industry

Untold.io has announced plans to launch an equity investment platform for Hollywood to connect filmmakers, investors, and distributors to curate and fund mass content. Seeking to democratise the production of a variety of entertainment content, starting with films, Untold.io offers both accredited and non-accredited investors an investment opportunity for a minimum investment of $1,000. The company is observing the digital asset ecosystem to implement blockchain solutions but not limited to payments. Untold is a Securities and Exchange Commission (SEC) registered investment platform.

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