SEC Financial News

Cryptoasset exchanges are not placing walls between respective parts of their activities, such as trading, custody, and marketing services, which could lead to the “commingling” of their activities, and put their clients’ interests in jeopardy, according to Garry Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). The official also indicated that his agency is looking into the ties between the leading stablecoins and major exchanges.

Major crypto exchange Coinbase has issued a new disclosure regarding the legal claims of retail users in the event of a bankruptcy event.

Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to environmental, social and governance factors. 

SBI Motor Japan, a subsidiary of SBI Africa Co., Ltd., has announced that its customers can now make payments for used cars using Bitcoin (BTC) and XRP.

The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.”

crypto sector. The NFT sector witnessed a massive growth the previous year: in 2021 alone, the market was valued at $40 billion. This sector has continued to grow this year with new NFT marketplaces getting launched. With this continued growth, what we also saw was a new coin taking the sector by storm — $APE. Remember last year when the likes of Paris Hilton, Neymar Jr, Snoop Dogg, and many other celebrities purchased from Bored Ape Yacht Club (BAYC), which is now one of the most popular NFTs by volume? Well, ApeCoin is the ERC-20 governance and utility token within the APE ecosystem. What this means is that every investor who bought (or will buy a BAYC NFT) would get APE tokens for free. They can cash in or sell whenever they want. Another point to note is that ApeCoin was officially created by ApeCoin DAO and not Yuga Labs, the team behind BAYC. Why does this detail matter? Most likely for regulatory purposes. Cryptocurrencies cannot give off stockish vibes. If they do, then most likely the Securities and Exchange Commission (SEC) will come down hard on the token and the company (just like they did with Ripple). We will come back to this point a little later.

Nvidia Corporation has agreed to pay $5.5 million for improper disclosure of cryptocurrency mining

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The United States Securities and Exchange Commission, or SEC, has announced that it has settled charges against Nvidia — the company behind graphics cards used by many crypto miners — in regards to “inadequate disclosures.”

The United States Securities and Exchange Commission has given the green light to Valkyrie's futures exchange-traded fund (EFT) application. This represents another ETF that has been approved by the SEC, which has previously accepted futures ETFs, but no sign of spot ETFs yet.

Anthony Scaramucci, the founder of the hedge fund SkyBridge Capital, thinks that the next United States presidential candidacy will likely be pro-cryptocurrency given that the U.S. Securities and Exchange Commission (SEC) recently announced the approval of a fourth Bitcoin  (BTC)futures exchange-traded fund (ETF).

The price of Ripple-affiliated XRP could be worth as much as USD 2.55 by the end of the year, provided Ripple wins its ongoing court battle with the US Securities and Exchange Commission (SEC), according to the average forecast by a panel of experts surveyed by comparison website Finder.com.

A new crypto litigation tracker from commercial law firm Morrison Cohen LLP shows details of more than 300 active and settled court cases since 2013.

A new filing has been submitted by Matthew C. Solomon on behalf of Ripple and its defendants. The latest filing sees Ripple call out SEC’s delay tactics while opposing the latter’s request to file additional briefs on privilege assertions.

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WASHINGTON — The Securities and Exchange Commission will boost the size of its special unit devoted to investigating cryptocurrency frauds and other misconduct, a move that follows the agency's aggressive push to get the unregulated industry to come under federal supervision.

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The crypto community and Wall Street converged last week in Nassau, Bahamas, to discuss the future of digital assets during SALT’s Crypto Bahamas conference. The ​​SkyBridge Alternatives Conference (SALT) was also co-hosted this year by FTX, Sam Bankman-Fried’s cryptocurrency exchange.

The United States Securities and Exchange Commission (SEC) announced Tuesday that it would nearly double the number of personnel responsible for safeguarding investors in cryptocurrency markets. 

"The US has the greatest capital markets because investors have faith in them, and as more investors access the crypto markets, it is increasingly important to dedicate more resources to protecting them," says SEC Chair Gary Gensler. "The Division of Enforcement’s Crypto Assets and Cyber Unit has successfully brought dozens of cases against those seeking to take advantage of investors in crypto markets.

The securities regulator said the division will have a total of 50 employees.