SEC pauses lawsuit against crypto mining firm Geosyn at executives’ request

The SEC has suspended its fraud lawsuit against Geosyn Mining at the request of the accused executives, following federal charges on similar allegations. On Feb. 14, the SEC informed a Texas court that it would suspend the ongoing case against…

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‘XRP Is Not A Security’: Bitnomial Files Lawsuit Against SEC

Bitnomial Exchange, LLC has filed a lawsuit against the US Securities and Exchange Commission (SEC) and its commissioners on October 10, contesting the SEC’s claim that XRP is a security. The complaint, lodged in the United States District Court for the Northern District of Illinois, seeks declaratory and injunctive relief against the federal regulator’s attempt […]

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SEC Scores Massive Victory Against Kraken

Kraken has taken a huge blow in its fight against the SEC

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Assessing the impact on BNB as SEC amends its case against Binance

The SEC has amended its case against Binance to redefine crypto securities. The decision comes after the court's ruling that BNB is not a security. Over the past months, the Securities and EThe post Assessing the impact on BNB as SEC amends its case against Binance appeared first on AMBCrypto.

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No enforcement against Binance USD [BUSD]: SEC's decision, unpacked

BUSD might be off the hook with recent developments. The SEC has paused enforcement against its issuer, recently.  In a recent announcement from Paxos, it was revealed that the U.S. SecuritThe post No enforcement against Binance USD [BUSD]: SEC's decision, unpacked appeared first on AMBCrypto.

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Ripple CEO Garlinghouse Predicts SEC Losing In The Long Run In Fight Against Crypto

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Could Esienberg commodities conviction be smoking gun for Coinbase against SEC?

Could a recent US criminal court case involving digital assets trading be helpful to Coinbase in its defense against the SEC? Last week, Avraham Eisenberg was convicted in a groundbreaking case on digital asset commodities fraud for manipulating Mango Markets to illicitly withdraw $110 million.

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XRP Holds $1 Level as Support Against the SEC Increases

XRP has managed to hold above the $1 mark following several days of bearish selling. The SEC charges appear to be playing less of a role in price movement lately as support against the SEC case grows The post XRP Holds $1 Level as Support Against the SEC Increases appeared first on BeInCrypto.

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SEC Brings Hammer Down on Infamous Bitcoin Scammer

After filing a motion for sanctions against Blockvest and its founder Reginald Buddy Ringgold III, the U. S SEC is now hoping to close the case for good.   US securities regulator builds up a case against Blockvest The US SEC continues its efforts to crack down on numerous crypto scams that took place in the last few years.

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U.S. Federal Judge’s Decision to Deny Preliminary Injunction Request From SEC Against Blockvest and Its Implications on Ripple’s XRP

A judge from San Diego has denied on November 27 a U. S. Security and Exchange Commission (SEC) motion for a preliminary injunction against Blockvest, in what appears to be the first federal decision where the defendant is a digital asset offered during an ICO.

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SEC’s End-of-Fiscal-Year Report Reveals Heavy Action Against ICO-Related Fraud

The U. S. Securities and Exchange Commission (SEC) has released a report detailing actions taken against fraudulent ICOs and financial ventures, and, indeed, the year has been wrought with cases.

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New SEC Report Details Fight Against Fraudulent ICOs

The Securities and Exchange Commission (SEC) has released its end-of-fiscal-year report for 2018, and it’s made financial fraud in the cryptocurrency space a number one priority. Down to the Nitty Gritty According to the document, the organization’s Cyber Unit became fully functional this year.

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SEC Draws Battle Line Against ICO Scams in it’s Yearly Annual Report

The Annual Report on the Division of Law Enforcement by the Securities and Exchange Commission (SEC) has revealed its plans of placing strict rules against ICO scams. With a total amount of  $794 million investor funds returned this year alone, the SEC has made it clear that spearheading investigations to help reduce fraudulent ICOs to […] The post SEC Draws Battle Line Against ICO Scams in it’s Yearly Annual Report appeared first on ZyCrypto.

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Thai SEC Warns Against 9 Unapproved ICOs

The Thai Securities and Exchange Commission (SEC) issued a warning about 9 digital token ICOs that are being conducted without authorization from the market regulator. The 9 tokens listed are Every Coin, Oreintum Coin, OneCoin, OFC Coin, Tripxchain Coin, Tuc Coin, G2s Expert ICO, Singhcom Enterprise ICO, Adventure hostel Bangkok ICO and Kidstocurrency ICO.

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Thailand’s SEC Warns Investors Against Unregistered ICO Investment Risk

Thailand’s Securities and Exchange Commission (SEC) has issued a warning to investors against putting their money into initial coin offerings (ICOs) that are not recognized and authorized by the SEC.

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Regulations Roundup: Shenzhen Court Recognizes Bitcoin, Coinbase Lawsuit Dismissed

In recent regulatory news, a Shenzhen court has ruled in favor of protecting an “equity transfer agreement” involving bitcoin, the judge presiding over a class action lawsuit against Coinbase has granted a motion to dismiss, and an Australian woman has been arrested for stealing 100,000 XRP following a 10-month investigation.

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Marco Santori on Airdrops and the “Complete Picture” of SAFT Regulation

Ever since the U. S. Securities and Exchange Commission (SEC) issued a stern warning about initial coin offerings (ICOs) in February 2018, cryptocurrency projects have had to consider different options for distributing their tokens — and funding their development.

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Bitcoin Magazine Week in Review: Stablecoins Take the Spotlight

With the exception of the SEC’s FinHub announcement, it has been a quiet week for regulatory news — something we’ve been getting a lot of recently as U. S. officials clamp down on unscrupulous coin offerings and crypto companies.

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SEC Sets Up Open Line of Communication for Fintech Projects With FinHub

The U. S. Securities and Exchange Commission (SEC) has launched a new office to engage with cryptocurrency and blockchain startups. Called the Strategic Hub for Innovation and Financial Technology (FinHub), the division will make it easier for fintech startups to interact with the regulator on related issues and the legal implications of products before they launch them.

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Crypto News Weekly 18.10.18: SEC Names Blockvest ICO Fraudulent, Telegram Launch, Coinbase Hedges Brexit

SEC goes on the warpath, Blockvest shut down, Telegram get ready for initial network launch, Coinbase hedge against British Brexit backlash, SpankChain hacker gets $9k gift, and company gets $450k Ethereum grant.

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Class Action Suits Launched Against Cryptocurrency Mining Investment Company

The law offices of Pomerantz LLP in New York have filed a series of civil suits against MGT Capital Investment and its executive officers on behalf of several of the trading firm’s past or present customers.

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Blockvest ICO Being Sued By SEC

Blockvest is being sued the Securities and Exchange Commission for making false claims that the regulator’s approval for its planned ICO. The regulator is looking for an injunction against the defendant in return for all the financial gains of its ICO activities.

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U.S SEC Crackdown Blockvest ICO over Irregularities in its Operations

The United States Securities and Exchange Commission (SEC) has taken action against Blockvest LLC. , an initial coin offering (ICO) project whose founders falsely claimed to have registered with the commission, whereas they were operating illegally in the state, violating securities regulations, reported Finance Magnates on October 11, 2018.

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SEC Sues Blockvest ICO for Making False Claims

The U. S. SEC is suing Blockvest LLC and its progenitor Reginald Buddy Ringgold III for falsely claiming the regulator’s approval for its planned ICO. The regulator is seeking an injunction against the defendants to return all financial gains from its ICO activities.

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SEC Obtains Emergency Court Order to Halt Questionable ICO

The U. S. Securities and Exchange Commission (SEC) has obtained an emergency court order issuing the stoppage of a recently planned initial coin offering (ICO) by Blockvest LLC and its founder Reginald Buddy Ringgold III, who falsely advertised that the token sale was approved by the SEC.

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The SEC Sets Deadline to File Comments for or Against Bitcoin ETF Applications

The U. S. Securities Exchange Commission (SEC) is getting ready to review its decisions regarding Bitcoin ETF applications. With this in mind, the SEC is inviting parties or persons to file public statements in support of, or in opposition to, Bitcoin ETFs.

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SEC Opens the Door for Public Comments on Nine Bitcoin ETF Proposals

Interested parties have until October 26 to submit their statements in favor or against the crypto ETF applications, the SEC has announced.

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Op Ed: Why Is There So Much Talk About a Bitcoin ETF?

An exchange-traded bitcoin fund (ETF) would signal greater acceptance of bitcoin as a mainstreet investment, while also making it much easier for both institutional and retail investors to get involved.

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‘Shortseller Enrichment Commission’ AKA SEC… Says Elon Musk

Elon Musk: the man, the meme, the legend… The CEO of Tesla, Elon Musk has mocked the Securities and Exchange Commission by calling the organisation the ‘Shortseller Enrichment Commission’ only days after settling charges of fraud brought against him by the agency.

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

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U.S SEC File Charges against Bitcoin-linked Firm, 1pool Ltd and its Founders

The United States Securities and Exchange Commission (SEC) has filed charges against 1pool Ltd, a securities dealer registered in the Republic of the Marshall Islands and its founders for allegedly selling unregistered security-based swaps to U.

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SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1Broker

Three U. S. agencies have taken action against international bitcoin-funded securities dealer 1pool Ltd. , aka 1Broker. The Securities and Exchange Commission (SEC) says 1Broker violated federal securities laws.

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Securities Dealer Targeted By Two US Regulatory Agencies

Both the CFTC and the SEC have announced they have taken action against an international securities exchange that accepted payment in bitcoin.

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SEC Charges Forex Broker for Illegal Securities Swaps Involving Bitcoin

In what seems like the first coordinated strike from government agencies, the U. S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Bureau of Investigation (FBI) have taken action against a securities broker for violating federal laws in connection with security-based swaps funded by bitcoin.

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Sec Charges 1Broker and Its CEO for Security-Based Swaps Funded With Bitcoins

A new cryptocurrency-related fraud has emerged from the shadows, driving the Securities and Exchange Commission (SEC) to file charges against an international securities dealer that was reportedly involved in a security-based swap fraud that was funded by Bitcoins.

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US Regulator Moves to Sanction Plexcoin’s Lacroix and Paradis-Royer

United States Security and Exchange Commission (SEC) is reportedly seeking further sanction against alleged crypto scammers Dominic Lacroix and Sabrina Paradis-Royer of Plexcoin fame. According to Maria Nikolova of Financefeeds, the two continue to defy court orders.

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SEC Issues More Sanctions to PlexCoin Cryptocurrency ICO Token Scam Members

SEC Seeks Sanctions Against Plexcoin Organizers The US Securities and Exchange Commission (SEC) is looking to impose sanctions on the perpetrators behind the scamming ICO known as Plexcoin. Since December 2017, the SEC has been involved in a lawsuit against PlexCorps, the company that allegedly organized the Plexcoin token crowdsale. The case, in which the […]

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SEC Seeks Court Sanction Against PlexCoin ICO Founders

The SEC is taking seeking further action against the founders of the Plexcoin crypto scheme, alleging they are not complying with court orders.

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Hester Peirce Tells The SEC To Back Off From Bitcoin

Hester Peirce, Head Commissioner at the SEC, now known as ‘Crypto Mom’ has again spoken out against the SEC’s aggressive stance on Bitcoin. Peirce is well known for her bullish stance on cryptocurrency and is often seen as the one remaining glint of hope within the SECs structure, an organisation that looks to be taking a very negative stance on cryptocurrencies.

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Cryptocurrency Exchange OKCoin Expands U.S. Offerings with Five New Coins

Following a successful launch in California only a few months ago, the U. S. branch of cryptocurrency exchange OKCoin is adding five new coins to its listings. Those coins include Ripple (XRP), Cardano (ADA), Stellar lumens (XLM), Zcash (ZEC) and 0x (ZRX).

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Ripple Introduces XRP Ledger (rippled) Version 1.1.0, Buckles up for Future Regulations

Ripple has found itself in the center of huge controversy, the cryptocurrency regulation debate in the US hit Ripple, with claims that XRP is a security. While the company has consistently argued against it, there seems no denying that the standard Securities and Exchange Commission (SEC)’s definition when used in the crypto market, will hurt […] Ripple Introduces XRP Ledger (rippled) Version 1.

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SEC Takes Action Against Two Crypto Firms

The agency announced two regulatory “firsts” this week.

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SEC Charges ICO Token Sales Platform TokenLot as Unregistered Broker-Dealer

For the first time after the 2017 landmark DAO Report, the US regulator issued an order against an unregistered broker-dealer for selling cryptocurrency.

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First US Regulated Crypto Asset Fund Against The SEC

The SEC (U. S Securities and Exchange Commission) revealed on Tuesday that is has taken action against two digital currency companies. Both mark the first ever action of their kind by the SEC. One of the firms is against a ‘superstore’ for ICOs and the other is against a firm which claims to bring the first regulated crypto asset fund to the United States.

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SEC Takes Action Against ‘First US Regulated Crypto Asset Fund’

The U. S. Securities and Exchange Commission (SEC) announced on Tuesday that it has taken action against two cryptocurrency firms. Both mark the “first-ever” action of their kind by the Commission.

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US Judge Rules ICOs Covered by Securities Law

After a long period of silence and uncertainty, the U.S. government has stated that at least two initial coin offerings (ICOs) are not exempt from security laws. Howey vs SEC The ruling comes after ICO participants from Recoin and Diamond Reserve Club filed a federal case against the projects’ founder Maksim Zaslavskiy for misleading investors, who […] The post US Judge Rules ICOs Covered by Securities Law appeared first on CryptoSlate.

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Two-for-One: SEC Slaps Crypto Hedge Fund, Broker With Registration Failures

In what it deems a first for both enforcement actions, the United States Securities and Exchange Commission (SEC) is charging two entities with registration failures.

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