Tag: Securities and Exchange Commission
U.S. Lawmakers Seek to Overturn SEC’s Crypto Accounting Policy ‘SAB 121’
"The SEC issued SAB 121 without conferring with prudential regulators despite the accounting standard’s effects on financial institutions’ treatment o [...]
HyperVerse's Alleged Ponzi Scheme Raked in Nearly $2B, Hired Actor as Fake CEO
HyperVerse was a nearly $2 billion fraudulent crypto investment scheme with a fake CEO at its helm, the U.S. Securities and Exchange Commission (SEC) [...]
SEC Shut Off Extra Security on X For 7 Months, Letting Hacker Breeze In
The U.S. Securities and Exchange Commission (SEC) confirmed that a hacker took over its X account through a "SIM swap" attack that seized control of a [...]
Coinbase (COIN) and SEC Dig in With U.S. Judge on Whether Securities Law Applies to Listings
"This is a fairly extreme case of a regulator wanting to have its cake and eat it too," Dave Rodman, founder and managing partner at Rodman Law Group, [...]
Coinbase's SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal
Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments th [...]
Gary Gensler’s Begrudging Spot Bitcoin ETF Statement
Commissioner Hester Peirce, a steady supporter of the crypto industry over the years, praised the decisions as "the end of an unnecessary, but consequ [...]
As Crypto World Watches for Spot Bitcoin ETF, SEC Chair Gensler Says (Again) Sector is Dangerous
"Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws," Gensler posted, advising [...]
U.S. SEC Seeks to Leverage Terraform (UST) Win in Coinbase (COIN), Binance Disputes
Judge Jed Rakoff, the U.S. District Court for the Southern District of New York judge overseeing the Terra case, sided with the SEC in an end-of-year [...]
Prometheum Earns Final U.S. Regulatory Nod to Try Hand at Fully-Compliant Crypto
Prometheum has previously acknowledged that, when it got its approval as one of about 70 SEC-regulated alternative trading systems (ATSs), it disclose [...]
SEC Attorneys Hit by Judge With Reprimand and Possible Sanctions in Debt Box Case
A federal judge first slapped Debt Box with a temporary restraining order, restricting its access to its assets, in August. However, he later dissolve [...]
Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds
"Similarly, Kraken has held at times more than $5 billion worth of its customers’ cash, and it also commingles some of its customers’ cash with some o [...]
CFTC Chief: Nothing Changed After FTX Meltdown to Empower Agency to Prevent Repeat
U.S. regulators don't have any more authority now to head off another major crypto collapse than they did when FTX imploded and took much of the indus [...]
U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown
As the U.S. House of Representatives weighs legislation on next year's spending, a provision was added on Wednesday that would deprive funding from U. [...]
U.S. SEC Said to Open Talks with Grayscale (GBTC) on Spot Bitcoin (BTC) ETF Push
"There are still things that have to be worked through," Salm said in an interview, also noting that others among the applicants for bitcoin ETFs – a [...]
Crypto’s Bromance With U.S. CFTC May Be One-Sided, Enforcement Record Shows
In recent years, Behnam's agency has routinely been held up in crypto circles as the preferred U.S. regulator. Industry insiders have suggested its ha [...]