Tagged: securities and exchange commission

September 25, 2023 @ 12:05 pm By JD Alois  |  

Securities and Exchange Commission Chair Gary Gensler will traverse up to Capitol Hill this week to testify in front of the House Financial Services Committee in what could be a fairly robust hearing. The hearing memo includes a litany of issues that Chair Gensler is… Read More

September 22, 2023 @ 10:24 am By JD Alois  |  

During the Securities and Exchange Commission’s meeting of the Investor Advisory Committee (IAC) yesterday (September 21, 2023), a representative from the Angel Capital Association (ACA) gave a compelling presentation advocating on behalf of his industry and why we need more Accredited Investors and NOT fewer…. Read More

September 15, 2023 @ 12:17 pm By Omar Faridi  |  

US-headquartered crypto firm Ripple recently stated that it intends to keep fighting the current lawsuit with the US Securities and Exchange Commission (SEC). The dustup with the regulator is emblematic of the broader challenges digital asset firms face in the US as the SEC has… Read More

September 13, 2023 @ 4:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has posted the agenda for its second meeting of 2023. SBCFAC will hold three separate panels, the first being a primer of the operations of the SEC’s Division of Corporate Finance (CorpFin)…. Read More

September 13, 2023 @ 3:40 pm By JD Alois  |  

Stoner Cats 2 LLC has been charged by the Securities and Exchange Commission (SEC) for pursuing an unregistered securities offering with the issuance of non-fungible tokens (NFTs). This is the second enforcement action targeting an NFT issuer as it broadens its targets in the digital… Read More

September 12, 2023 @ 3:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) says it has settled charges against Yieldstreet, a top alternative investment platform mainly serving accredited investors. According to the SEC, Yieldstreet failed to disclose critical information pertaining to an asset-backed securities offering that totaled $14.5 million. Yieldstreet has settled… Read More

September 8, 2023 @ 8:41 am By JD Alois  |  

The Securities and Exchange Commission has settled charges against Linus Financial, Inc. for failing to register the offers and sales of its retail crypto lending product, the Linus Interest Accounts. The SEC decided against having Linus pay penalties as the company took “prompt remedial actions”… Read More

September 6, 2023 @ 9:59 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that the Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled a meeting to take place on September 19th. This is only the second meeting following the Commission’s change of members on SBCFAC. An agenda is not… Read More

August 29, 2023 @ 5:26 pm By JD Alois  |  

Yesterday, Grayscale received a solid legal victory in its attempt to offer a Bitcoin ETF. A federal court deemed the Securities and Exchange Commission’s decision to block the launch of the exchange-traded product as “capricious”. Grayscale is currently reviewing its options and the SEC has… Read More

August 29, 2023 @ 4:25 pm By JD Alois  |  

SEC Commissioners Hester Peirce and Mark Uyeda have joined to issue a statement on the enforcement action taken by the Commission against NFT issuer Impact Theory. Yesterday, the SEC revealed its first enforcement action against an NFT issuer, with the firm settling the allegations without… Read More

August 28, 2023 @ 12:31 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against Impact Theory and the issuance of an NFT or non-fungible token that was deemed to be an unregistered offering of crypto asset securities. This is the first NFT offering that the SEC has targeted for… Read More

August 21, 2023 @ 11:36 am By JD Alois  |  

The SEC has charged Titan Global Capital Management, described as a “Fintech investment advisor,” with touting hypothetical performance that was misleading. Titan has settled the allegations without admitting or denying the SEC’s claims. The firm has paid a small penalty of $192,454 in disgorgement as… Read More

August 13, 2023 @ 2:03 pm By Omar Faridi  |  

The US Securities and Exchange Commissin (SEC) has postponed its decision regarding Cathie Wood‘s spot Bitcoin ETF application. The US SEC recently confirmed that it will be delaying its decision on whether to greenlight the Cathie Wood-backed Ark Investment Management’s (ARK) spot bitcoin Exchange-Traded Fund…. Read More

August 10, 2023 @ 1:15 pm By JD Alois  |  

This past March, Tron, BitTorrent, Rainberry, and founder Justin Sun were the target of enforcement action by the Securities and Exchange Commission (SEC) alleging the offer and sale of unregistered “crypto-asset securities,” including Tronix (TRX) and BitTorrent (BTT). Several “celebrity” promotions were entwined in the… Read More

August 5, 2023 @ 2:01 pm By Omar Faridi  |  

Coinbase Global (NASDAQ:COIN) on Friday (August 4, 2023) reportedly requested a judge to end the US Securities and Exchange Commission’s (SEC) ongoing lawsuit that’s accusing the world’s biggest publicly-listed crypto exchange of violating applicable federal securities laws. As mentioned in a filing in federal court… Read More

August 2, 2023 @ 9:07 am By Omar Faridi  |  

Brad Garlinghouse, CEO at Ripple, says that they began sharing detailed reports to voluntarily provide updates of their XRP holdings. Sadly, however, they were used against them in the US Securities and Exchange Commission SEC lawsuit – however, he added that they remain steadfast in… Read More

July 31, 2023 @ 10:50 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) had reportedly requested Coinbase (NASDAQ:COIN) to halt trading in all virtual currencies with the exception of Bitcoin (BTC) prior to filing a lawsuit against the crypto exchange in June of this year, the Financial Times revealed on Monday… Read More

July 28, 2023 @ 11:38 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Chief Accountant – Paul Munter, has posted a statement on “potential pitfalls of purported crypto assurance work. Munter states that in light of the many scandals of fraud in the cryptosphere, claims by platforms that they retain 3rd party… Read More

July 28, 2023 @ 10:25 am By Omar Faridi  |  

Craig Salm, Chief Legal Officer at Grayscale, notes that as we all await a decision from the DC Circuit in their lawsuit to convert GBTC to a spot bitcoin ETF, the firm’s legal team at Davis Polk submitted a comment letter “to GBTC’s pending 19b-4… Read More

July 24, 2023 @ 7:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting for later this week. On Wednesday, the Commission will consider new rules for several items. According to the agenda, the Commission will consider. Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure – Division of… Read More