Tagged: sec

March 7, 2025 @ 7:45 pm By JD Alois  |  

House Finacial Services Committee leaders have sent a letter to SEC Acting Chairman Mark Uyeda asking him to reverse harmful rules impacting crypto enacted during the Biden Administration. Chairman of the Committee French Hill, Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial… Read More

March 7, 2025 @ 9:10 am By Omar Faridi  |  

Superstate is pleased to announce that they have now officially registered Superstate Services LLC, their transfer agent, with the U.S. Securities and Exchange Commission (SEC). Superstate says that it is laser-focused on its mission to “modernize finance through blockchain technology.” This step further advances tokenized… Read More

March 6, 2025 @ 3:00 pm By JD Alois  |  

ICAN [Investors Choice Advocate Network], a legal advocacy group supporting smaller firms and individuals targeted by the Securities and Exchange Commission, says it has won another case as the courts have dismissed the PulseChain case. In 2023, the SEC filed charges against Richard Heart [aka… Read More

March 5, 2025 @ 11:49 am By JD Alois  |  

The SEC’s Investor Advisory Committee (IAC) will hold a meeting on March 6, 2025 to discuss several topics including retail fraud and Artificial Intelligence’s (AI) impact on operations. The first panel is as follows: Disclosure of Artificial Intelligence’s Impact on Operations AI poses a variety of… Read More

March 5, 2025 @ 9:57 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has backtracked on another crypto-related enforcement action or investigation. Yesterday, Cumberland DRW posted on X that its case had been dismissed in principle and is currently awaiting Commission approval. Cumberland said it was looking forward to working with the… Read More

March 3, 2025 @ 9:05 pm By JD Alois  |  

The SEC Crypto Task Force has scheduled the first of what is expected to be a series of Roundtables. The first gathering will address the topic of when a digital asset is a security and when it is something else. The Series is labeled “Spring… Read More

March 3, 2025 @ 5:34 pm By JD Alois  |  

The newly announced SEC Crypto Task Force has provided an update on the staff engaged with aiding the process of providing regulatory clarity for digital assets. In a release today, the SEC outlined the Crypto Task Force staff members. The group is being helmed by Commissioner Hester Peirce, who… Read More

March 3, 2025 @ 9:41 am By JD Alois  |  

The SEC is hosting a roundtable discussion on artificial intelligence in the financial industry. The event will be held at SEC headquarters in Washington, DC and is open to the public for either in-person or virtual attendance. The roundtable will discuss the risks, benefits, and… Read More

March 3, 2025 @ 9:40 am By JD Alois  |  

The Securities and Exchange Commission (SEC) will hold a roundtable on Artificial Intelligence (AI). The event will be held at SEC headquarters in Washington, DC, and is open to the public for either in-person or virtual attendance. AI is currently in use at most large,… Read More

March 2, 2025 @ 8:06 pm By Omar Faridi  |  

A little over a month into the Trump Administration, the U.S. finds itself at a crossroads of economic upheaval and transformative policy shifts. Businesses and consumers in the US are now grappling with uncertainty as proposed tariffs loom over major trading partners—25% on Canada and… Read More

March 1, 2025 @ 1:00 pm By Omar Faridi  |  

The U.S. Securities and Exchange Commission (SEC) has recently changed its overall approach to crypto-related enforcement actions, signaling a potential switch in its once-aggressive “regulation by enforcement” strategy. On February 26, 2025, the SEC and Tron founder Justin Sun jointly requested a pause in their… Read More

March 1, 2025 @ 11:57 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) will reportedly be dropping all claims against Consensys. In recent days, the SEC has dropped investigations against other crypto firms as the Trump administration has taken a more digital asset-friendly stance towards financial innovation. Consensys and the SEC… Read More

February 28, 2025 @ 10:38 am By JD Alois  |  

Meme Coins, or crypto assets with no apparent value beyond the fact they exist, have been deemed not to be securities by the Securities and Exchange Commission (SEC). According to a Staff statement, the Division of Corporation Finance (CorpFin): “transactions in the types of meme… Read More

February 26, 2025 @ 9:43 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) issued a statement today noting that a final judgment against Sergii “Sergey” Grybniak and his blockchain marketplace Opporty International, had been entered by the US District Court, Eastern District of New York. The SEC was granted partial judgment on… Read More

February 26, 2025 @ 10:38 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has apparently closed another investigation pursuing a digital asset entity.  According to Uniswap Labs, the SEC has given notice that it will close the action after the multi-year investigation into its activities. Uniswap received a Wells Notice in the… Read More

February 25, 2025 @ 9:34 am By JD Alois  |  

During the Biden Administration, digital assets were regulated by enforcement as the Securities and Exchange Commission (SEC) refused to provide regulatory clarity for firms engaged in the trading and issuance of crypto. In effect, the SEC told platforms and issuers to come in and register… Read More

February 21, 2025 @ 11:28 am By JD Alois  |  

Coinbase (NASDAQ:COIN) is reporting that the Securities and Exchange Commission (SEC) is poised to drop all charges leveled at the digital asset platform, contingent upon the approval of a majority of Commissioners. As Republicans now control the Commission, this should be little more than a… Read More

February 21, 2025 @ 9:29 am By JD Alois  |  

In January 2024, the then Chairman of the Securities and Exchange Commission (SEC) had his X account hacked. The individual who commandeered the account used his access to announce the approval of Bitcoin ETFs, impersonating Chair Gary Gensler – one day before the SEC intended… Read More

February 20, 2025 @ 4:18 pm By JD Alois  |  

The Accredited Investor definition is one of the most obtuse rules enforced by the Securities and Exchange Commission. In place for decades, the rule defines who can participate in certain private securities offerings. Broadly speaking, an individual is deemed Accredited if they earn over $200,000… Read More

February 20, 2025 @ 1:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has created a new Cyber and Emerging Technologies Unit (CETU). This new entity aims to protect investors from bad actors utilizing technology to commit fraud and replaces the previous Crypto Assets and Cyber Unit. CETU will be led by… Read More