Tagged: securities and exchange commission

February 3, 2021 @ 9:03 pm By Omar Faridi  |  

NPR’s Ailsa Chang recently covered the US Securities and Exchange Commission’s (SEC) expected role in conducting an investigation into the Reddit / social media takeover of Wall Street. SEC Acting Chair Allison Herren Lee commented on the agency’s role in looking into the matter. The… Read More

February 1, 2021 @ 6:22 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against Kristijan Krstic, founder of Start Options and Bitcoiin2Gen, and John DeMarr, said to be the primary U.S.-based promoter for these companies, for fraudulently induced investors to buy digital asset securities. The complaint states that Krstic… Read More

January 29, 2021 @ 8:13 am By Omar Faridi  |  

Digital asset exchange Coinbase has confirmed its plans to become a publicly-traded company “pursuant to a proposed direct listing of its Class A common stock.” Coinbase Global, Inc. noted in a blog post published on January 28, 2021, that the proposed listing is “expected to… Read More

January 28, 2021 @ 7:41 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) confirmed that it will be actively looking at stablecoins which are digital assets pegged 1-to-1 with major world currencies such as the US dollar, British pound, the Euro, the Singapore dollar, among many others. Nisa Amoils, a securities… Read More

January 22, 2021 @ 4:10 pm By JD Alois  |  

The Securities and Exchange Commission has posted the agenda for the meeting of the Small Business Capital Formation Advisory Committee. According to a release, the Committee’s morning session will feature representatives from exchanges and platforms who will share some of the trends and dynamics they… Read More

January 18, 2021 @ 10:40 am By JD Alois  |  

Gary Gensler, the former Commodities Futures Trading Commissioner Chair, has been selected by President-elect Joe Biden to helm the Securities and Exchange Commission (SEC). Gensler previously led the CFTC during the Obama administration. Prior to the CFTC, Gensler spent 18 years at Goldman Sachs. He is… Read More

January 15, 2021 @ 7:31 pm By JD Alois  |  

Earlier today, the Securities and Exchange Commission (SEC) posted a settlement pertaining to Wireline and a SAFT offering that took place in 2018. According to the complaint, the SEC states that: “… between January and September 2018, Wireline, an early-stage project focused on the development… Read More

January 14, 2021 @ 2:58 pm By JD Alois  |  

After a long delay, final rules approved by the Securities and Exchange Commission (SEC) have made their way over to the Federal Register. By being published in the Federal Register, the clock begins ticking as to when the new rules become available to use by… Read More

December 30, 2020 @ 9:53 am By JD Alois  |  

Ripple, the creator of XRP – one of the largest cryptocurrencies in the world by market cap, has posted a brief comment on “recent market participant activity” following XRPs dive in value. XRP began to sink following the revelation of an enforcement action by the… Read More

December 29, 2020 @ 9:52 pm By JD Alois  |  

Online capital formation has emerged as an effective path for private companies to raise much-needed growth capital fueling innovation and creating jobs. Once the realm of VCs and angel investors only, investment crowdfunding now enables retail investors to access promising young firms at an early… Read More

December 29, 2020 @ 9:05 am By JD Alois  |  

XRP continues to sink in value following the rolling news that more crypto exchanges are deciding to halt trading the digital asset.  On December 22nd, the Securities and Exchange Commission (SEC) revealed an enforcement action targeting Ripple that alleges the sale of $1.38 billion in… Read More

December 28, 2020 @ 7:13 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that President Donald J. Trump has selected Elad L. Roisman as Acting Chairman of the agency. Prior Chairman Jay Clayton departed the Commission on December 23rd. The news of Roisman temporarily taking the helm of the Commission… Read More

December 26, 2020 @ 2:56 pm By JD Alois  |  

Jay Clayton officially stepped down as the Chairman of the Securities and Exchange Commission on December 23rd. His departure had been previously announced and anticipated for this month. In a letter sent to President Trump, Clayton said it had been the honor and privilege of… Read More

December 24, 2020 @ 8:32 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a major cross-border P2P payments and money transfers service, has issued a statement after a lawsuit was filed by the US Securities and Exchange Commission (SEC) against Ripple Labs Inc. MoneyGram stated that it had not “been notified or been… Read More

December 23, 2020 @ 1:28 pm By JD Alois  |  

Bitwise Asset Management, a crypto fund manager since 2017, has announced that the Bitwise 10 Crypto Index Fund (OTCQX: BITW) has liquidated its position in XRP. A Tweet indicated that Bitwise had held an emergency meeting yesterday where the decision was taken to liquidate the… Read More

December 23, 2020 @ 12:00 pm By JD Alois  |  

The Securities and Exchange Commission has issued a statement and request for comment regarding the custody of digital asset securities by broker-dealers. The Commission states that this consultation is in order to encourage innovation around the application of Securities Exchange Act Rule 15c3-3 to digital… Read More

December 23, 2020 @ 10:40 am By JD Alois  |  

Following the announcement of an enforcement action by the Securities and Exchange Commission (SEC) alleging Ripple engaged in the sale of unregistered securities pertaining to XRP, Ripple has countered and executives have publicly countered the claims. Meanwhile, the lawsuit has caused several digital asset exchanges… Read More

December 22, 2020 @ 3:56 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has publicly posted the complaint charging Ripple with the sale of an unregistered security. Including in the enforcement action are Christian Larsen, the company’s co-founder, executive chairman of its board, and former CEO; and Bradley Garlinghouse, the company’s current… Read More

December 22, 2020 @ 8:38 am By JD Alois  |  

Ripple has posted a response to a Wells Notice received by the blockchain firm. A Wells Notice is a document sent to an entity or individual giving notice of a pending enforcement action following an investigation by the securities regulator. Yesterday, it was reported that… Read More

December 21, 2020 @ 9:12 pm By JD Alois  |  

Ripple, the creator of XRP the third-largest crypto by market cap of over $22 billion, is the target of a Securities and Exchange Commission (SEC) enforcement action. Rumors have been circulating for some time now that Ripple had received a Wells Notice – an indication… Read More