Tagged: US Securities and Exchange Commission

SEC Is Reviewing Social Media Posts, Agency Is Looking for Potential Fraud due to Activities tied to WallStreetBets, GameStop

The US Securities and Exchange Commission (SEC) has been carefully reviewing social media posts, as the federal regulator is looking out for any signs of potential fraud, which may have increased due to the frenzied trading of GameStop and other firms’ shares. The SEC‘s probe… Read More

Digital Asset Exchange Coinbase to Go Public through a Direct Listing Instead of Conducting an IPO

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

Crypto Lawyer Stephen Palley Says It’s Very Challenging to Advise Clients in the DeFi Space, After Uniswap Introduces UNI Governance Token

Uniswap, a non-custodial Ethereum token exchange, recently introduced a “governance” token, called UNI. There will be 1 billion UNI tokens that will be released to the general public over the course of the next 4 years. UNI tokens will be allocated to Uniswap’s community members…. Read More

Distributed Cybersecurity Firm Gladius Dissolves Operations without Complying with SEC Order to Reimburse Investors

Gladius, a “distributed” cybersecurity firm, has reportedly dissolved its operations without complying with the orders from the US Securities and Exchange Commission (SEC) to reimburse the project’s investors. Alex Godwin, the company’s co-founder and CTO, confirmed the dissolution of the firm through a message sent… Read More

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