SEC charges Rari Capital and co-founders over unregistered securities

The SEC has settled with Rari Capital on charges of unregistered securities offerings and misleading investor practices. The post SEC charges Rari Capital and co-founders over unregistered securities appeared first on Crypto Briefing.

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SEC Takes First Enforcement Action in the NFT Space 

The SEC targets Impact Theory in its first NFT-related enforcement action for selling unregistered securities. The case highlights SEC internal divisions. The post SEC Takes First Enforcement Action in the NFT Space  appeared first on NFT News Today.

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SEC charges podcaster in first unregistered securities sales claim against NFT offering

Impact Theory produces entertainment and educational podcasts and was “trying to build the next Disney” when it invited investors to purchase its NFTs.

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SEC charges Impact Theory for ‘unregistered NFT offering,’ expanding enforcement actions to NFT market

The Securities and Exchange Commission (SEC) charged LA-based media and entertainment firm Impact Theory with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs).

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SEC charges Impact Theory with unregistered offering of NFTs

SEC charged US-based media company Impact Theory with offering and touting investment potential of their Founder’s Key NFTs. Impact Theory did not deny nor agree to the charges, but accepted a $6.

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SEC Sues California Company in First Enforcement Action Targeting NFTs

SEC sues company for the sale of NFTs as unregistered securities.

The post SEC Sues California Company in First Enforcement Action Targeting NFTs appeared first on BeInCrypto.

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SEC charges Impact Theory over unregistered NFT securities offering

The charged Impact Theory for conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens.

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SEC Charges Impact Theory Faces Over Unregistered NFT ‘Securities’

The SEC has charged LA-based Impact Theory for the unregistered offering of NFTs, spotlighting the need for clear regulatory frameworks.

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SEC Charges Impact Theory Over Unregistered NFT ‘Securities’

The SEC has charged LA-based Impact Theory for the unregistered offering of NFTs, spotlighting the need for clear regulatory frameworks.

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SEC Goes After Crypto Fund For Misleading Investors With Fake Promises

The US Securities and Exchange Commission (SEC) is known for coming down hard on the digital assets industry, including accusing several firms of trading “unregistered securities. ” This time around, the regulator has charged a crypto fund with misleading investors, marking the “first violation of the SEC’s amended marketing rule.

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Gemini lawyer says the ‘SEC is floundering’ in proving its case against the exchange

Jack Baughman, the lawyer representing Gemini, claimed in a post on Aug. 19 that the Securities and Exchange Commission (SEC) is struggling to prove its case against the exchange. According to the SEC lawsuit, Gemini’s crypto lending product Gemini Earn violated the securities laws by offering unregistered securities.

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Bittrex Global Avoids Admitting Wrongdoing, Says SEC Lawsuit Is ‘Fully Behind Us’

Bittrex and SEC announced a settlement for charges related to Bittrex running an unregistered exchange. The post Bittrex Global Avoids Admitting Wrongdoing, Says SEC Lawsuit Is ‘Fully Behind Us’ appeared first on BeInCrypto.

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Despite SEC’s Legal Onslaught, These Altcoins Have Witnessed Resurgence in Trading Volume

In recent months, 19 cryptocurrencies, notably deemed unregistered securities by the Securities and Exchange Commission (SEC), experienced a dramatic dip in their combined market value, shedding roughly $20 billion.

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Binance seeks court’s protection against US SEC’s probe

The US SEC charged Binance for offering unregistered securities in the United States. The SEC then went ahead to seek for the freezing of Binance. US assets although the two later reached an agreement.

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Bittrex agrees to settle $24M in SEC lawsuit, doesn’t accept or decline allegations

Bittrex was charged in April by the SEC for selling unregistered securities. Besides Bittrex, Coinbase and Binance are also facing similar charges. Although Bittrex agreed to pay the $24 million, it has not mentioned anything to do with accepting or denying the SEC allegations.

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Bittrex and Former CEO William Shihara to Settle SEC Charges, $24M Paid to SEC

Cryptocurrency exchange Bittrex and its former CEO, William Shihara, have agreed to settle charges with the SEC for operating an unregistered exchange, without admitting guilt. They will pay $24m, including a $5.

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Bittrex Reaches Settlement With SEC; Agrees to Pay $24M Fine

The bankrupt exchange faced charges of offering U.S. investors access to unregistered securities.

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Hex loses $500M in market cap after SEC lawsuit; token removed from MetaMask, Uniswap

Hex (HEX) market cap has dropped by nearly $500 million since the U. S. Securities and Exchange Commission labeled it security in its lawsuit against its founder, Richard Heart. On July 31. the SEC charged Heart with conducting an unregistered securities offering with the issuance of HEX in 2018.

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Video of Richard Heart publicly disparaging SEC resurfaces as securities fraud case moves forward

An old video clip of HEX founder Richard Heart directly addressing the SEC has resurfaced on social media after the regulator filed suit against him on July 31, alleging fraud and unregistered sales of crypto asset securities.

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Richard Heart’s $26 Million Tornado Cash Transactions Raise SEC Suspicions

The US Securities and Exchange Commission (SEC) has filed a complaint against Richard Schueler, also known as Richard Heart, alleging that he raised over $1 billion in unregistered securities offerings from retail investors in the United States and abroad.

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SEC sues HEX founder Richard Heart for alleged fraud and unregistered securities sales

On July 31, the U. S. Securities and Exchange Commission (SEC) filed suit against Richard Heart, the founder of blockchain projects PulseChain and HEX, for allegedly defrauding investors and selling unregistered crypto securities.

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Richard Heart, Hex, PulseChain sued by SEC over unregistered securities, fraud

Richard Schueler, popularly known as Richard Heart, is facing a lawsuit alleging he raised over $1 billion in unregistered securities offerings across three projects and used investor funds for personal expenses.

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US SEC launches action against Richard Heart and his crypto projects

US SEC sues Richard Heart and three of his projects for unregistered sale of securities and fraud The commission claimed that Heart used investors' money to purchase luxury goods including the The post US SEC launches action against Richard Heart and his crypto projects appeared first on AMBCrypto.

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Hex founder charged with offering unregistered securities offering

Richard Heart was charged with allegedly raising over $1B through unregistered securities offerings. The SEC also charged PulseChain, PulseX, and Hex, alongside Richard Heart. In addition, Heart and PulseChain have also been charged for using part of the offering proceeds to buy luxury goods.

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SEC Continues its Fight, Accuses HEX Founder of $1B Unregistered Securities Violation

The United States Securities and Exchange Commission has lodged a complaint against Richard Schueler, a well-known figure in the crypto community, accusing him of raising more than $1 billion through...

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SEC files complaint against Hex founder for allegedly offering unregistered securities

According to the SEC, Richard Heart allegedly used more than $12 million of investor funds to buy “a 555-carat diamond, expensive watches, and high-end automobiles.”

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U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations

The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings.

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US SEC Sues PulseChain Founder Richard Heart for Securities Fraud

The US SEC is suing entrepreneur Richard Heart for raising over $1 billion from selling unregistered securities via three unincorporated projects: PulseChain, PulseX, and Hex. The post US SEC Sues PulseChain Founder Richard Heart for Securities Fraud appeared first on BeInCrypto.

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SEC charges Quantstamp for 2017 initial coin offering

The U. S. Securities and Exchange Commission (SEC) charged Quantstamp, a well-known blockchain security firm, with conducting an unregistered Initial Coin Offering (ICO) on July 21. The SEC said that, in October and November 2017, Quantstamp raised over $28 million by selling QSP tokens to about 5,000 investors, including those in the United States.

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SEC Sues Quantstamp for Raising Funds Through Unregistered ICO 

The US SEC has sued smart contract auditing firm Quantstamp for raising $28m through an unregistered ICO, settling for a $3.4m fine without admitting guilt. The post SEC Sues Quantstamp for Raising Funds Through Unregistered ICO  appeared first on BeInCrypto.

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SEC Potential Appeal To Yield Little Effect On XRP, Crypto Lawyer Says

Prominent Pro-XRP lawyer John E. Deaton has downplayed the potential effects of an appeal by the United States Securities And Exchange Commission (SEC) in its ongoing case against Ripple on the sale of the XRP token as an unregistered security.

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Should you buy Coinbase shares after rallying 100% since the SEC charges?

On June 6, 2023, Coinbase, Inc. (NASDAQ:COIN) was charged by the Security and Exchange Commission (SEC) with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.

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SEC vs Ripple: The final ruling is here and this is what it means

As per the final judgment on the SEC vs Ripple lawsuit, XRP did not constitute the offer and sale of investment contracts. However, the sale of XRP constituted the unregistered offer and sale oThe post SEC vs Ripple: The final ruling is here and this is what it means appeared first on AMBCrypto.

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Traders Bullish on Cardano as ADA Forms Ascending Triangle Pattern; Could These Coins Also Pump?

Despite being labeled an unregistered security by the SEC, traders are increasingly bullish on Cardano as the token forms an ascending triangle pattern. In addition, the Cardano DeFi ecosystem is starting to bloom as its network starts to see an uptick in activity following its scalability upgrade earlier in May 2023.

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Coinbase Seeks Dismissal of the SEC’s Legal Case Based on the Definition of a Security

The world's second-largest crypto exchange, Coinbase, has taken a bold step in its defense against the SEC, asking a judge to dismiss the SEC's claim that it acted as an unregistered broker. The post Coinbase Seeks Dismissal of the SEC’s Legal Case Based on the Definition of a Security appeared first on BeInCrypto.

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Coinbase files to have the lawsuit by the SEC dismissed for lack of merits

Coinbase accuses the SEC of allowing it to go public with the same digital assets listed and later claiming to be unregistered securities. Coinbase’s lawsuit comes days after Binance’s motion alleging SEC misconduct was denied.

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BNB Market Cap Down By 25% In June Amidst Binance Regulatory Pressure

BNB, a native token of the Binance exchange, has seen a massive decline in its market shares following the global regulatory pressure on the trading platform.   Binance began experiencing regulatory troubles on June 5, when the United States Securities and Exchange Commission (SEC) filed a lawsuit against the exchange on the allegations of fraud and offering of unregistered securities, among others, and this has affected the performance of the cryptocurrency.

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Coinbase Loses Market Share in Ether Staking as Regulatory Pressure Mounts

The exchange’s share in ETH staking dropped to 9.7%, the lowest since May 2021, as the SEC sued Coinbase for offering unregistered securities this month.

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Bakkt Delists Solana, Cardano, And Polygon Amid Regulatory Uncertainty

New York-based digital assets platform Bakkt has decided to delist three prominent cryptocurrencies—Solana, Cardano, and Polygon—due to regulatory uncertainty and a lack of clarity. This move follows recent lawsuits filed by the United States Securities and Exchange Commission (SEC) against leading crypto exchanges Coinbase and Binance, alleging the sale of unregistered securities, including Solana, Cardano, […]

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Hinman speech contained “made-up analysis”, Ripple’s Chief legal officer says

Former SEC official William Hinman delivered his speech in June 2018, commenting that Bitcoin and Ether were not securities. SEC sued Ripple Labs in December 2020, alleging that the company illegally sold unregistered securities in the form of its XRP token.

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Is Crypto Dead? SEC Lawsuit Tanks BNB, Solana, Cardano Prices, But $WSM Rises

Crypto prices were sent crashing as the SEC announced lawsuits against Binance and Coinbase for selling unregistered securities.   Since then, industry figures such as Coinbase CEO Brian Amstrong and the YouTuber’s Coin Bureau and Crypto RUs have commented on how they see things playing out for the industry.

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Binance Nigeria Ordered to Halt 'Illegal' Operations by Securities Watchdog

A spokesperson for Binance, which faces a U.S. SEC allegations that include operating an unregistered exchange, said the Nigerian company is not affiliated with the firm.

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Bitcoin, Ethereum Prices Slide, But These Tokens are Defying the Bear Market

Although top cryptos recovered the dip following the SEC suing Binance and Coinbase, many coins have retraced again.   After the SEC sued Binance, Coinbase and several other cryptos exchanges with accusations of selling unregistered securities in the US, crypto prices plunged, with Bitcoin dropping over 7% in one day.

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Credit ratings agency Moody’s downgrades Coinbase following SEC’s legal action

Following the SEC’s legal action against the Coinbase cryptocurrency exchange for allegedly acting as an unregistered securities broker, credit ratings agency Moody’s downgraded Coinbase’s rating from “stable” to “negative.

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Binance.US to go ‘crypto-only’ as banking partners cut ties

Binance. US announced on June 9 that it would transition to a crypto-only exchange for now. The move comes as its payment and banking partners suspended USD channels due to the Securities and Exchange Commission (SEC) lawsuit against Binance, and related entities, over allegations of breaching securities laws, including operating as an unregistered exchange.

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Solana Foundation: SOL Is 'Not a Security'

SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase.

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Solana Foundation: SOL is 'Not a Security'

SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase.

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Robinhood To Review Its Crypto Listing Amid SEC’s Crackdown On Exchanges

As the crypto regulatory atmosphere in the US grows increasingly cloudy, prominent stock exchanges and brokerage firms like Robinhood are beginning to rethink their cryptocurrency offerings. The SEC has embarked on crackdown actions against two top cryptocurrency exchanges, Binance and Coinbase itemizing several digital assets on the platforms as unregistered securities. Amid this development, Robinhood […]

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Cathie Wood says SEC scrutiny into Binance will reduce competition for Coinbase

Ark Invest CEO Cathie Wood told Bloomberg that Coinbase could benefit from the Securities and Exchange Commission’s (SEC) scrutiny of Binance. The SEC sued both Coinbase and Binance earlier this week for allegedly offering unregistered securities, among other charges, in separate cases.

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