SEC Financial News

22.06 / 06:30

business SEC SEC’s Hester Peirce opposes crypto bailouts — SBF didn’t get the memo

Securities and Exchange Commission (SEC) commissioner Hester Peirce has spoken out against crypto company bailouts, arguing it’s actually better to “let these things play out,” to create a more sustainable industry.

21.06 / 11:13

SEC Bitcoin Law Decoded, June 13–20: Celsius exodus and liquidity crisis

Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million worth of Wrapped Bitcoin (wBTC) from the Aave protocol and sent it to crypto exchange FTX while putting the withdrawal option for users on a stop.

18.06 / 21:31

Provident Ripple SEC LBRY LBRY vs. SEC to face the same fate as Ripple vs. SEC? Answer can alarm you

The SEC vs. Ripple case continues to create headlines within the crypto community. But a lesser-known case may provide clarity for the former.

18.06 / 14:49

Ripple XRP SEC Patrick Seal SEC counters Ripple’s move to seal ‘judicial’ documents in connection with…

The SEC, on 15 June, filed its request to seal its response to the amici motion to participate in the Daubert challenge. This move comes on the heels of testimony from an expert SEC witness – Patrick B. Doody – who reported on what information ‘reasonable’ XRP holders relied on while buying the token.

17.06 / 23:41

COST SEC Sec Charges Financial As SEC charges first brokerage to run afoul of new investor protection rule, here's how to find a good financial advisor

Finding a broker or financial advisor you can trust may, at times, seem a daunting task.

17.06 / 22:37

regulation Trading SEC accounting Senators Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin

United States Senator Bill Hagerty has sent a letter, cosigned by four other Republican senators, to Securities and Exchange (SEC) Commission chair Gary Gensler urging the withdrawal of a staff accounting bulletin, referred to as SAB 121, issued by the agency March 31. According to the senators, the bulletin amounts to “regulation disguised as staff guidance” and does not adhere to the Administrative Procedure Act.

17.06 / 16:29

Government Stablecoin SEC Bitcoin Elusive Bitcoin ETF: Hester Perice criticizes lack of legal clarity for crypto

The crypto sector may be maturing, but regulatory clarity around the treatment of digital assets continues to remain cumbersome.

17.06 / 09:05

cryptocurrency Reuters SEC freeze Investigations Investigations Begin On Crypto Lender Celsius' Accounts Freeze: Report

US State securities regulators investigating Celsius accounts freeze: Report

17.06 / 03:33

UPS Ripple SEC Amicus sec lawsuit NOT SEC lawsuit: Ripple files response to SEC’s redactions; you must not miss out on…

The latest developments in the Ripple vs. SEC battle focus on Ripple’s response to the SEC’s proposed redactions. The latter is regarding the SEC’s letter opposing Movants’ motion to file an amicus brief regarding one of SEC’s experts.

17.06 / 00:21

ETF regulation SEC Bitcoin Spot ETFs Support regulatory Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure

United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled “Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” Her lengthy remarks — over 4,000 words in the prepared version, which was augmented extemporaneously as she presented it — contain some of the bluntest criticisms of SEC policy she has made yet.

15.06 / 14:31

Crime regulation SEC Safeguards US SEC Launches Probe into Insider Trading Safeguards of Crypto Exchanges - Report

The US Securities and Exchange Commission (SEC) has reportedly launched a string of inquiries into the activities of numerous crypto exchanges, striving to determine whether the businesses have adequate safeguards in place to prevent insider trading.

15.06 / 07:19

CFTC SEC Congress Financial SEC boss worries crypto bill undermines financial protections

United States Securities and Exchange Commission (SEC) Chairman Gary Gensler said he’s worried that a proposed bill to create a regulatory framework for cryptocurrencies could weaken investor protections in the traditional financial market.

15.06 / 04:35

CFTC regulation SEC SEC reportedly launches investigation into insider trading on exchanges

The Securities and Exchange Commission (SEC) has reportedly launched a probe to discover how crypto exchanges are working to prevent insider trading.

14.06 / 18:47

regulation Investments SEC Sec Chair Returns SEC chair warns about 'too good to be true' returns amid market downturn

Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, reiterated his call for investor protection in securities offered by crypto firms.

14.06 / 18:43

Digital Ripple XRP SEC XRP, Hinman’s speech, Stuart Alderoty’s comments- Making sense of it all

The SEC filed a lawsuit in December 2020 against San Francisco-based firm Ripple Labs. The fintech firm allegedly raised funds through the sale of digital assets known as XRP in unregistered securities. It’s been more than two years, but a concrete outcome to this litigation seems far away.

14.06 / 05:39

Ripple XRP SEC Bitcoin Bankrupt crypto Ripple counsel slams SEC for trying to bulldoze and bankrupt crypto

Ripple general counsel Stu Alderoty has slammed the United States Securities and Exchange Commission (SEC) for trying to “bully, bulldoze, and bankrupt” crypto innovation in the U.S. in the name of expanding its own regulatory territory.

13.06 / 21:25

Lowe's Digital SEC Sec Charges Charles Schwab to pay $187 million to settle SEC charges that it misled robo-advisor clients on fees

Charles Schwab agreed to pay $187 million to settle an SEC investigation into alleged hidden fees charged by the firm's robo-advisor, Schwab Intelligent Portfolios, according to an agency announcement on Monday.

13.06 / 09:39

SEC Action BNI Lawyers Lawyers predict FCA greenwashing crackdown after BaFin and SEC action

The ongoing greenwashing debacle surrounding DWS jolted the asset manager last week, after a dramatic twist that saw German authorities raid its Frankfurt offices, just eight days after the US regulators fined BNY Mellon for allegedly making misleading ESG claims.

12.06 / 20:37

Twitter SEC CEO Genuine mistake or fraud? That’s the question Terra’s Do Kwon needs to answer

Do Kwon pleads his innocence on his twitter feed after latest reports condemn him for cashing out $2.7 billion. The Terraform Labs CEO is already facing an investigation from the SEC and South Korean police. He is now at the heart of a latest crypto community backlash.

12.06 / 18:41

ETF CFTC SEC Bitcoin bitcoin etfs The CFTC’s action against Gemini is bad news for Bitcoin ETFs

On June 2, 2022, the United States Commodity Futures Trading Commission (CFTC) initiated an action against Gemini, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss. Among other things, the complaint alleges that Gemini made a number of false and misleading statements to the CFTC in connection with the potential self-certification of a Bitcoin futures contract, the prices for which were to be settled daily by an auction (the “Gemini Bitcoin Auction”). In the complaint, the CFTC specifically articulated the position that these statements were designed to mislead the commission as to whether the proposed Bitcoin futures contract would be susceptible to manipulation.

11.06 / 12:35

Provident Ripple SEC LBRY Bitcoin resolution How the resolution of LBRY vs. SEC case can impact the ongoing case against Ripple

The Ripple versus the SEC case has been the talk of the town for quite some time now. The crypto community was focused on it to see how a case pertaining to alleged cryptocurrency offerings being a security – would fare in court. But a lesser-known case might just provide clarity first – the SEC’s suit against LBRY scheduled for trial in September 2022.

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