Crypto Firms' 'Audits' Appear in SEC's Crosshairs

Securities and Exchange Commission (SEC) intensifying its examination of involvement of accounting firms in dubious cryptocurrency audits

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SEC calls on firms to disclose exposure to crypto bankruptcies and risks

The Securities and Exchange Commission's corporate finance division reminded companies of disclosure requirements and provided guidance to what else they want to know.

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Crypto Markets Today: Gensler Restates SEC’s Crypto Authority

The chairman said the agency has the basic disclosure and governance requirements to hold digital-asset firms accountable, although he did not address the fallout from crypto exchange FTX’s collapse.

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Crypto will be regulated as securities — ICE boss and Senator Warren

Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto.

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Crypto firms prefer to be regulated by CFTC rather than SEC

Sam Bankman-Fried, the founder the recently failed FTX, lobbied for more digital asset regulations in February. Sam sought regulatory oversight by the CFTC instead of the SEC. This move is aimed at regulating crypto usage among firms and investors while…

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Despite Founding Principles, SEC’s Gary Gensler Says Crypto Is Centralized

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SEC Chairman Says CFTC Should Get More Power to Oversee Stablecoins: Report

Gensler pointed out that the CFTC does not have direct authority to write rules for the firms that issue stablecoins.

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Ripple vs. SEC — XRP Eyes Monster Rally As Judge Approves Two Firms To Step In

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Ripple Slams SEC for Opposing Two Firms’ Amicus Briefs, SWIFT to Undergo Massive Upgrade, Shiba Eternity Now Live Worldwide: Crypto News Digest by U.Today

Read U.Today’s news digest to find out what’s going on in the industry!

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Key breakout looms for XRP. Here is the price action

Ripple’s case with SEC continues to drag on as regulator slams XRP-friendly firms XRP… The post Key breakout looms for XRP. Here is the price action appeared first on CoinJournal.

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Ripple Slams SEC for Opposing Amicus Briefs from Two Firms

Defendants argue that SEC has mischaracterized amicus briefs proposed by TapJets Inc. and I-Remit Inc.

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SEC Seemingly Fears Ripple’s ‘Gigantic Win’ In XRP Suit, Takes Shot At Firms Supporting Ripple

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SEC opposes third parties seeking to prove utility of Ripple blockchain

The United States Securities and Exchange Commission (SEC) has filed a motion to oppose two firms seeking to present evidence in support of Ripple in the ongoing SEC vs. The post SEC opposes third parties seeking to prove utility of Ripple blockchain appeared first on CryptoSlate.

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SEC Slams Ripple-Friendly Firms for Attempting to Help Defendants

The SEC wants to prevent I-Remit and TapJets from filing their amicus briefs, arguing that the outcome of the lawsuit will not prevent them from using the XRP token

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SEC Accuses 2 Firms of Crypto Pump-and-Dump Scheme

The complaint alleges the two companies pumped the price of their cryptocurrency by falsely claiming they had acquired $10 billion in gold bullion to back it.

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SEC Sues 2 Crypto Advisory Firms and Their Owner for Misappropriating Investors’ Funds

The complaint alleges the firms' owner lied to investors about where their funds were deposited in a Ponzi-like scheme.

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Thailand's SEC Bans Crypto Firms From Offering Staking and Lending Service

Thailand's Securities and Exchange Commission (SEC) has banned crypto companies from offering staking and lending services, according to a release on Thursday.

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DeFi Transactions Pose Higher Risks, Thai SEC Cautions Investors

Thailand Security and Exchange Commission (SEC) warns investors within the state about the risks that DeFi transactions pose. SEC claimed that DeFi’s ecosystem, especially lending and debit-taking firms, may not include necessary parameters in their mechanisms to ensure the prevention of rug-pull and overleveraged collateral.

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Coinbase facing class-action lawsuit amidst SEC investigation

Coinbase is faced with more legal battles as two law firms have filed a lawsuit against the company amidst an ongoing investigation by the SEC. The post Coinbase facing class-action lawsuit amidst SEC investigation appeared first on CryptoSlate.

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Thai SEC approves four crypto firms despite Zipmex woes

Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals.

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Top GOP Senator Slams SEC for Ignoring Crypto Turmoil

U.S. Sen. Pat Toomey (R-Pa.) accused the Securities and Exchange Commission (SEC) of dragging its feet on instituting oversight of crypto firms as some of those companies collapsed, taking investors’ cash with them.

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SEC Chairman Warns Against Crypto Investment Risks, Here’s Why

One of the forces not to be ignored as a crypto investor is the Security and Exchange Commission, SEC. The body does everything it can to either regulate crypto or scrap the industry if possible. Unfortunately, many digital operators, including network founders, exchange firms, and even top management in the space, have had issues with […]

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SEC Still Against Spot-based Bitcoin ETFs. Is There A Light At The End Of The Tunnel?

With the approvals of futures bitcoin ETFs, firms have taken it one step further and have applied with the Securities and Exchanges Commission (SEC) for spot-based bitcoin ETFs. However, unlike their futures and short counterparts, the spot ETFs have not found favor in the eyes of the regulatory watchdog.

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Crypto Firms In The US Have Paid Over $3 Billion In Fines With The SEC Being The Largest Collector

Crypto firms have paid over $3 billion in fines to US authorities since Satoshi Nakamoto launched Bitcoin. BlockFi was slammed with the largest fine after it paid $100 million early in the year. Payment of fines suggests that the cryptocurrency industry is not as unregulated as critics paint it to be. The US Securities and […]

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VanEck refiles for physically-backed Bitcoin ETF with the US SEC

VanEck, one of the ETF & Mutual Fund Manager firms to ever file for a Bitcoin ETF, has once again re-filed for a physically-backed Bitcoin ETF with the US Securities and Exchange Commission (SEC) after its first application was rejected.

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Mining Chip Giant Nano Labs Filed with SEC for IPO on Nasdaq

Despite prolonged bear market, more and more firms are getting closer to going public

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SEC doubles down on crypto regulation by expanding unit

The Crypto Assets and Cyber Unit of the SEC’s Enforcement Division, which is tasked with policing cryptocurrency firms, will add 20 people to its staff.

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Crypto firms may still face SEC penalties for self-reporting securities laws violations: Report

SEC enforcement director Gurbir Grewal reportedly said the agency wouldn't be ignoring the funds or securities laws violations for crypto companies that come to them.

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Binance US reportedly under SEC radar

There appears to be no end to Binance skirmishes with regulators around the world, as reports have emerged that the United States Securities and Exchange Commission is currently investigating its US arm based on ChangPeng Zhao’s connection with trading firms.

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Why the SEC is investigating these crypto lending firms

Top crypto lending firms, Gemini Trust Co, Celsius Network, and Voyager Digital Limited, are under investigation by the US Securities and Exchange Commission (SEC).   High-interest rates attract regulators attention Sources close to the matter revealed that this isn’t a specific investigation into these companies.

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Gary Gensler Says SEC is “Going to Use the Enforcement Tool” If Crypto Firms Do Not Register

Because DeFi tokens offer some kind of return, the watchdog needs to have oversight on them, said the Chair, as “the public is not as protected as it could be.” The post Gary Gensler Says SEC is “Going to Use the Enforcement Tool” If Crypto Firms Do Not Register first appeared on BitcoinExchangeGuide.

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Bitwise will pursue Bitcoin spot ETF, since investors 'better served' by spot exposure

The launch of the very first Bitcoin ETFs in the US was marked by widespread excitement and record-breaking numbers. This was also followed by a number of asset management firms flocking to the SEC wiThe post Bitwise will pursue Bitcoin spot ETF, since investors 'better served' by spot exposure appeared first on AMBCrypto.

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SEC Kicks Off Countdown on Grayscale’s Spot Bitcoin ETF, Futures ETF Mania Put on a Pause by FCM

The Bitcoin Futures ETF that has been the fastest fund to capture $1 billion in assets has come to a stop. Before the US Securities and Exchange Commission’s (SEC) approval of BITO, several firms had filed for such a product.

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SEC Commissioner Suggests Regulator Should be More Cooperative

An SEC Commissioner believes the agency isn’t doing enough to work with cryptocurrency firms in establishing regulations that they can comply with. The post SEC Commissioner Suggests Regulator Should be More Cooperative appeared first on BeInCrypto.

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Bitcoin ETF Receives Approval from SEC, Marking Historic Day for Crypto

Since the first meteoric rise of Bitcoin in 2017, asset managers and investment firms have looked to seize the opportunity in the growing space, attempting to bring the cryptocurrency to Wall Street.

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SEC Commissioner says ‘safe harbor’ laws would’ve made ICO problems worse

Instead of a safe harbor for crypto firms, SEC Commissioner Caroline Crenshaw called for a “bridge” in which crypto firms work with the SEC to determine compliance plans.

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Why A U.S. Bitcoin ETF Has A 75% Chance Of Being Approved In October

Bitcoin ETFs are a hot topic in the crypto space. It has been an uphill battle as investment firms struggle to get the Securities and Exchange Commission (SEC) to approve the first bitcoin ETF in the country.

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Bitcoin ETF Proposals In The US Pick Up Pace With New Regulatory Filings

The chances of a Bitcoin ETF in the US have been significantly increased in the face of new filings from firms. Filings from Amplify, Invesco, and Galaxy Digital are the latest cryptocurrency ETF bids submitted to the SEC.

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SEC is ‘open to discussion’ when it comes to crypto: Kraken chief lawyer

Kraken’s Marco Santori points to the adversarial stance taken by some crypto firms toward regulators.

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Fidelity Urges the SEC to Approve A Bitcoin ETF As Another BTC Futures ETF Filed

Fidelity argues firms have to “fulfill financial backer need for direct openness to Bitcoin,” highlighting the need for a physically-backed Bitcoin ETF as the Bitcoin market has “developed and can uphold” the laws.

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Skybridge files application for crypto-ETF after Fidelity prods SEC

Dozens of Bitcoin Exchange Traded Fund (ETF) applications submitted to the SEC are now gathering dust. This, however, hasn't deterred firms from trying. Global investment firm Skybridge is the latest The post Skybridge files application for crypto-ETF after Fidelity prods SEC appeared first on AMBCrypto.

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SEC chair doubles down, tells crypto firms 'come in and talk to us'

"Under our laws, they have to register with the Commission unless they qualify for an exemption," said Gary Gensler.

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SEC Charged Media Firms $549 Million for Illegal Stablecoins and Security Offerings

Media companies illegaly collected more than $400 million after security and digital assets offerings

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Asset Manager and Investment Firms Abruptly Withdraw Futures-backed Ether ETF, Another Bitcoin ETF Heads to the SEC

Investment firms ProShares and VanEck have withdrawn their Ether Futures ETF that was filed only just this week. On Wednesday, VanEck filed for an Ethereum-based ETF that would invest in Ether futures, Canada’s approved and listed Ether ETFs, private Ether funds, and ETPs with exposure to ETH.

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BlackRock ETFs hold $384 million of shares in Bitcoin mining firms

SEC filings reveal that BlackRock has invested almost $400 million into Riot Blockchain and Marathon Digital Holdings stock.

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Approval Impending? Mike Novogratz’s Galaxy Digital Becomes Fifth Firm To File Application For Bitcoin Futures ETF

Mike Novogratz-helmed Galaxy Digital has filed an application with the SEC to gain approval for its Bitcoin futures exchange-traded fund (ETF). The digital asset manager is the latest to join the queue of other firms hoping to lay claim to the bitcoin product.

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Four New Firms Report Adding Exposure to GBTC and ETHE as Grayscale Discount Continues to Shrink

In the latest institutional buying update, several firms added crypto exposure in the quarter ending June 30, 2021. As first reported by MacroScope, according to the recent filings with the US Securities and Exchange Commission (SEC), Ancora Advisors disclosed holding 13,945 shares of Grayscale Bitcoin Trust (GBTC) and 2,674 shares of Grayscale Ethereum Trust (ETHE).

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Victory Capital joins list of firms seeking SEC's approval for crypto-ETF

Victory Capital Holdings, Inc., a global asset management firm listed on NASDAQ, today announced its intention to launch Victory Hashdex Nasdaq Crypto Index Fund LLC. This is a private fund that trackThe post Victory Capital joins list of firms seeking SEC's approval for crypto-ETF appeared first on AMBCrypto.

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According To The SEC, Morgan Stanley Owns 28,200 Shares Of Grayscale Bitcoin Trust

Morgan Stanley, a Wall Street investment bank, has gotten exposure to Bitcoin (BTC) through Grayscale, indicating that institutional adoption of digital assets is growing. Morgan Stanley Owns 28k Shares According to a June 28 filing with the US Securities and Exchange Commission, the Morgan Stanley Europe Opportunity Fund, which invests in established and growing firms […]

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