Tagged: sec

December 15, 2023 @ 8:43 am By Omar Faridi  |  

As expected by most crypto industry participants, the US Securities and Exchange Commission (SEC) has postponed its decision on whether to greenlight a spot Ethereum (ETH) exchange-traded fund (ETF), which had been proposed by Invesco and Galaxy Digital. As part of a December 13, 2023… Read More

December 4, 2023 @ 1:26 pm By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) returned to meet this past week with the definition of an Accredited Investor at the top of the list for discussion. The SBCFAC provides guidance to the Commission on issues that impact smaller firms, which frequently… Read More

November 29, 2023 @ 6:48 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is requesting the public for additional feedback regarding the proposed spot Bitcoin (BTC) exchange-traded-funds (ETFs) from Franklin Templeton and Hashdex. The SEC stated on Tuesday (November 28, 2023) that it is seeking more feedback from the public regarding… Read More

November 22, 2023 @ 5:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), is scheduled to meet next week, and it has just posted its agenda. Probably the most interesting subject on the list of topics is the segment on the definition of an Accredited… Read More

November 21, 2023 @ 3:41 pm By JD Alois  |  

Binance, the largest crypto exchange in the world, has cut a deal with the US Department of Justice (DOJ) that appears to allow Binance to stay in operation. According to multiple reports, Binance will pay a hefty $4.3 billion penalty and plead guilty to charges,… Read More

November 21, 2023 @ 8:46 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) filed a complaint alleging that Kraken operates as “an unregistered securities exchange, broker, and clearing house.” Kraken says they disagree and intend “to vigorously defend their position in court.” The news has no impact “on the products they… Read More

November 20, 2023 @ 10:51 pm By JD Alois  |  

The  Securities and Exchange Commission (SEC) has charged Kraken with operating an unregistered securities exchange as the agency continues its pursuit of crypto firms deemed to be transgressing securities laws. The SEC charged Payward Inc. and Payward Ventures, Inc., which do business as Kraken. Kraken… Read More

November 17, 2023 @ 11:36 am By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled a meeting for the end of this month on November 20, 2023. The meeting will begin at 10:00 ET and will be open to the public via a live stream on… Read More

November 14, 2023 @ 7:30 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published a report on enforcement actions during fiscal year 2023. In total, the agency pursued 784 enforcement actions, including administrative proceedings, which compares to 760 enforcement actions during fiscal year 2022. The SEC issued the following statement on… Read More

November 11, 2023 @ 8:44 am By Omar Faridi  |  

Ripple CEO Brad Garlinghouse recently shared his views regarding the US Securities and Exchange Commission’s (SEC) approach to regulating crypto and blockchain firms. Garlinghouse reportedly told CNBC during the Fintech firm’s Ripple Swell conference, held in Dubai, that he believes the SEC has actually lost… Read More

November 10, 2023 @ 10:29 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against former Bitwise Executives Jake Soberal and Irma Olguin, Jr. The SEC claims that the former co-CEOs of Bitwise misled investors about the company’s finances. The SEC adds that both Soberal and Olguin have agreed to resolve… Read More

November 1, 2023 @ 1:50 pm By JD Alois  |  

The Securities and Exchange Commission has charged SafeMoon LLC, founder Kyle Nagy, SafeMoon US LLC, its CEO John Karony, and CTO Thomas Smith, for fraud through the unregistered sale of a crypto asset security. Simultaneously, criminal charges were filed in the US Attorney’s Office for… Read More

November 1, 2023 @ 12:28 pm By JD Alois  |  

Representative Patrick McHenry and Senator Cynthia Lummis have joined to issue a statement criticizing a recent action by the Securities and Exchange Commission (SEC). McHenry is Chair of the House Financial Services Committee. Lummis sits on the Senate Banking Committee. The statement revolves around the… Read More

November 1, 2023 @ 11:46 am By JD Alois  |  

Earlier this week, the Securities and Exchange Commission (SEC) filed an enforcement action against SolarWinds (NYSE:SWI) for fraud and failures in regard to “allegedly known cybersecurity risks and vulnerabilities.” CI has received a statement from a SolarWinds spokesperson refuting the SEC’s allegations. The SolarWinds representative… Read More

October 31, 2023 @ 11:38 am By JD Alois  |  

Yesterday, CI reported that multiple regulators around the world had announced a partnership to collaborate on digital asset, or crypto asset, innovation. The goal is to enable innovation to thrive while protecting investors. The agencies participating in the partnership include the UK Financial Conduct Authority… Read More

October 30, 2023 @ 6:08 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged SolarWinds (NYSE:SWI) and its chief information security officer with fraud and failures in regard to “allegedly known cybersecurity risks and vulnerabilities.” The hack has been attributed to Russian criminals. The SEC believes that investors were harmed by… Read More

October 26, 2023 @ 1:18 pm By Omar Faridi  |  

Crypto exchange Coinbase (NASDAQ:COIN) is alleging that the US Securities and Exchange Commission (SEC) has overstepped in the firm’s most recent effort to dismiss the ongoing lawsuit. Coinbase’s response to the SEC‘s lawsuit filed earlier this year is that not everything qualifies as a security…. Read More

October 23, 2023 @ 2:22 pm By JD Alois  |  

Update: The Subcommittee hearing has been postponed until a later date. Tomorrow, the Subcommittee on Capital Markets, part of the House Financial Services Committee, will hold a hearing entitled “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors.”  According to the Hearing… Read More

October 22, 2023 @ 5:35 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has received a judgment in its enforcement action against Thor Technologies. In 2022, the SEC filed an enforcement action against Thor alleging an unregistered security offering as Thor had issued a “crypto asset security” and did not qualify for… Read More

October 18, 2023 @ 7:25 am By Omar Faridi  |  

The US division of crypto exchange Binance has reportedly suspended withdrawals of dollars by its customers from the digital asset platform (as per the firm’s updated terms shared on Monday). In June of this year, Binance.US decided to halt US dollar deposits, following the US… Read More