The Securities and Exchange Commission (SEC) has been awarded $2.8 million in a lawsuit regarding the purported manipulation of cryptocurrency token prices.

HOT	2023-4-24 17:31

Hydrogen Technology Corp. and its former CEO, Michael Ross Kane, have been ordered to pay $2.8 million in fines and remedies for their alleged involvement in a price manipulation scheme. The Securities and Exchange Commission (SEC) filed a lawsuit against the firm in September, claiming that Kane had used Hydrogen’s market maker, Moonwalkers Trading Limited, to manipulate the volume and price of its ERC-20 token, Hydro (HYDRO), in 2018. The SEC alleged that Kane and Moonwalkers CEO, Tyler Ostern, worked to create the appearance of robust market activity, leading to an artificially inflated market that netted Hydrogen over $2 million in profit.

On April 20, a New York District Court Judge ruled against Hydrogen and Kane, ordering them to pay approximately $1.5 million in “disgorged” profits and over $1 million in penalties. Kane agreed to pay an individual fine of around $260,000, and the remaining amount is made up of prejudgment interest. Ostern settled the case for $41,000 a day after the complaint was filed.

As part of the settlement, Hydrogen and Kane are prohibited from disputing the charges and from selling any additional cryptocurrency until Hydro tokens have passed the Howey test and received further approval from the SEC. Kane, however, is still allowed to participate in the wider cryptocurrency market, meaning he can buy and sell crypto assets for personal gain.

Сообщение The Securities and Exchange Commission (SEC) has been awarded $2.8 million in a lawsuit regarding the purported manipulation of cryptocurrency token prices. появились сначала на Coinstelegram.

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sec securities exchange commission manipulation hydrogen lawsuit

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Источник: coinstelegram.com

sec securities → Результатов: 126

SEC threatens OpenSea with legal action, claims NFTs are securities

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The US Securities and Exchange Commission (SEC) has sued Consensys. SEC filed its lawsuit against the company on Friday, alleging unregistered broker dealer and offer of unregistered securities. The US Securities and Exchange Commission (SEC) has sued Consensys, the Ethereum developer and software provider.

2024-6-29 20:46	SEC
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The U.S. Securities and Exchange Commission (SEC) has accused Binance US of non-cooperation in a probe into alleged federal securities law violations. The SEC has raised concerns over using Ceffu, a custody service facilitated by the international arm of Binance.…

2023-9-15 14:37	SEC
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SEC Charges Stoner Cats With Alleged Unregistered $8 Million Securities Sale In NFT Crackdown

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2023-9-14 00:00
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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.

2023-8-16 22:00	SEC
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ADA, SOL and MATIC Break Free From SEC-Induced FUD: Details

The 19 crypto assets labeled as securities by SEC have seen revived growth in trading volume

2023-8-15 16:17
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List of 'Crypto Securities' Published by SEC: BNB, ADA, MATIC, SOL and Other Tokens

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2023-8-7 14:42
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Cryptos Pumping Despite SEC Classification as Securities

These cryptocurrencies suffered after an SEC lawsuit on June 8 but have recovered considerably since then. The post Cryptos Pumping Despite SEC Classification as Securities appeared first on BeInCrypto.

2023-6-24 13:30
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SEC-induced panic saw $53 billion wiped from crypto market

The total crypto market cap fell $53 billion as news of the U. S. Securities and Exchange Commission (SEC) filing against Binance came through. On June 5, the SEC charged Binance, its CEO Changpeng Zhao, and related entities with 13 violations, including wash trading, evasion of regulations, and offering unregistered securities.

2023-6-6 11:56	Regulation
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XRP Lawsuit: SEC May Have Just Bitten Off More Than It Can Chew As Ripple Eyes ‘Very Big Win’ in Case

Led by Chair Gary Gensler, SEC’s attempts to classify digital assets as securities have faced unexpected opposition from its past statements and internal documents, which now...

2023-5-23 18:39	xrpusdt
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SEC sues crypto exchange Bittrex and its ex-CEO

The Securities and Exchange Commission (SEC) has sued Bittrex and a former CEO over the exchange’s offering of unregistered securities. SEC’s complaint alleges the platform offered securities in tokens such as DASH, OMG and ALGO.

2023-4-18 19:44	SEC
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SEC sues Utah-based Green United over $18m crypto mining scam

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Utah-based firm Green United, accusing the company of violating federal securities laws.

2023-3-7 17:18	SEC
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Do Kwon, Terraform Labs Hit With SEC Lawsuit Alleging Securities Fraud

The U.S. Securities and Exchange Commission (SEC) has sued Terraform Labs and its CEO Do Hyeong Kwon

2023-2-17 15:59	Terra
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Sparkster to pay $35M to ‘harmed’ ICO investors after SEC charge

Sparkster will pay more than $35 million into a fund set to benefit investors who bought the platform’s SPRK token during an initial coin offering the US Securities and Exchange Commission (SEC) has said was unregistered and whose promotion violated the securities laws.

2022-9-21 14:17	USA
sec securities investors sparkster pay offering coin

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SEC Urges Congress to Pass Cryptocurrency Legislation to Protect Investors

The U. S. Securities and Exchange Commission (SEC) has urged Congress to pass cryptocurrency legislation to protect investors, the new SEC chairman has revealed. The securities regulator is also working with the Commodity Futures Trading Commission (CFTC) and the U.

2021-5-28 19:30
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Ripple execs refute SEC investigation of personal finances as overreach

“How much they spend at the grocery store” isn't relevant to the SEC's ongoing XRP securities lawsuit, argues the legal team for Bradley Garlinghouse and Christian Larsen.

2021-3-12 12:57	SEC
sec securities lawsuit xrp argues relevant ongoing

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SEC to Sue Ripple For Alleged Sale of Unregistered Securities

The Securities and Exchanges Commission (SEC) apparently thinks the third biggest crypto is a security with plans to sue Ripple Incorporated, it’s co-founder Chris Larse and the Chief Executive Brad...

2020-12-24 16:56	USA
sec securities ripple sue executive incorporated plans

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SEC Charges Former State Senator Over Digital Asset ‘Scam’

The SEC alleges the Meta 1 Coin sale violated antifraud and securities regulation. It also promised some crazy returns.

2020-3-24 16:15	ICOs
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SEC Chairman claims crypto-violations of securities law are on a decline

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2019-10-24 11:30	SEC
sec securities all cryptocurrencies chairman claims law

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US SEC is hiring a cryptocurrency specialist to help with regulations

If its latest job posting is anything to go by, the US Securities and Exchange Commission‘s (SEC) could be stepping up its involvement in the cryptocurrency world. The SEC is looking for an “Attorney Adviser” to operate as a “Crypto Specialist,” according to a job listing posted on federal employment website USAJobs.

2019-4-1 15:56	hard fork
sec securities specialist crypto federal according listing

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SEC Tells ICOs: You’re Forgiven If You Cooperate and Pay the Fine

The SEC is apparently going easy on ICOs who are cooperating, paying a fine, and returning the raised money to investors. A Litany of Settlements The US Securities and Exchange Commission (SEC) is reaching settlements with cryptocurrency Initial Coin Offering (ICO) projects that accept the Commission’s ruling on violating securities regulations.

2019-3-27 14:00
sec securities fine icos projects ico commission

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VanEck Digital Asset Director Disagrees with SEC Director Over Decentralization and Securities Correlation

The US Securities and Exchange Commission (SEC) has been working towards helpful regulation of the crypto industry, tackling everything from ICOs to the definition of a security. This week, Chairman Jay Clayton supported an analysis from another employee of the SEC that Ethereum and related tokens may not be considered securities. However, the panelists at […]

2019-3-13 22:47	News
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SEC Chairman Confirms Cryptocurrencies Like Ethereum Are Not Securities

On March 12, the cryptocurrency and blockchain legislative advocacy group Coincenter published correspondence between the Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd.

2019-3-12 21:45	XRP
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Current SEC Guidelines Reveal the Commission May Be Gradually Easing its Regulatory Grip

In July of 2017, the United States Securities and Exchange Commission (SEC), after an in-depth investigation into the Decentralized Autonomous Organization (DAO), announced that Initial Coin Offerings (ICO) may now be regarded as official securities.

2019-3-11 15:00	News
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Court Reconsiders Ruling After SEC Proves Tokens Are Securities

After failing to convince a federal court regarding the nature of Blockvest tokens in the previous hearing, the U. S. Securities and Exchange Commission (SEC) has finally convinced the same judge that these tokens are securities.

2019-2-17 08:55	Virtual Currency
sec securities tokens court regarding proves ruling

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SEC to Closely Monitor Risk and Analyze Blockchain Payment Transactions to Improve Compliance

A recent press announcement by SEC reveals that the US Securities and Exchange Commission plans to start tracking and monitoring blockchain transactions. The synopsis of the press release is as follows: “The U.

2019-2-5 04:34	News
sec securities exchange press commission blockchain transactions

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U.S. SEC Investigates Nevada-based Company Over False Regulatory Claims

The U. S. Securities and Exchange Commission (SEC) issued a suspension of trading in the Securities of Nevada-based American Retail Group, also known as Simex Inc. According to a press release published October 22, 2018, the company falsely claimed that they partnered with an SEC-qualified custodian and had registered their token offering in accordance to SEC requirements and regulations.

2018-10-24 11:00
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SEC Suspends Securities Trading for Nevada-Based ICO

A press release from the US Securities and Exchange Commission (SEC) has announced the suspension of securities trading for a Nevada-based firm, which had made false claims of being “under SEC Regulations.

2018-10-23 02:13	Cryptocurrency News
sec securities trading nevada-based inc suspends had

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

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2018-9-30 03:00	Securities
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Bitcoin and Ether Aren’t Securities, Says SEC Official

It’s like an optical illusion, like that Laurel-Yanny debate, or the color of that dress. When you look at a cryptocurrency, do you see a security? Or a commodity? William Hinman, director of corporate finance for the U.

2018-7-12 21:14	SEC
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SEC’s Amy Starr states difference between utilities and securities

SEC Commissioner Amy Starr, along with Chairman Jay Clayton answered the ‘securities or utility’ question in a panel meeting in Atlanta. She stated that it was based on a spectrum which depended on facts and circumstances.

2018-6-15 13:58	News
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Thai SEC Reveals ICO Applicants

Thailand’s financial regulator the Securities and Exchange Commission (SEC) has confirmed five ICOs are ready to raise funds via the country’s new fundraising regulations, local media Bangkok Post reported June 13.

2018-6-14 22:01	Thailand
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SEC: Bitcoin and Ether Are Not Securities

The Security and Exchange Commission’s (SEC) Director of Corporate Finance, William Hinman, announced at Yahoo Finance’s All Market Summit: Crypto today that bitcoin, ether, and other decentralized cryptocurrencies will not be classified as securities.

2018-6-14 22:00	SEC
sec securities finance bitcoin ether corporate cryptocurrencies

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SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’

The Securities and Exchange Commission’s head of the Division of Corporate Finance, William Hinman, stated during the Yahoo All Markets Summit today in San Francisco that cryptocurrencies like BTC and ETH are not securities.

2018-6-14 21:42
securities sec cryptocurrencies executive markets btc decentralized

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SEC Director of Corporate Finance: Ether Is Not a Security

In an informal statement made at Yahoo Finance’s All Market Summit: Crypto, William Hinman, the United States Securities and Exchange Commission (SEC)’s director of corporate finance, indicated that the regulatory agency has no plans to deem ether a security.

2018-6-14 21:32	ethereum
sec security hinman ether securities token sold

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Ethereum is Not a Security, ICOed Security Tokens Can Become Non-Securities Says SEC

The token, the coin, all by itself is not a security, U. S. Securities and Exchange Commission (SEC) Director of Corporate Finance William Hinman said in a surprise announcement today. “If the.

2018-6-14 21:12	#tokens
security sec says ethereum non-securities icoed tokens

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SEC Says Bitcoin and Ethereum Are Not Securities

It was a bloody week for the markets, but at least there’s a bit of good news: an official for the Securities and Exchange Commission has publicly stated that Ether and Bitcoin should not be regulated as securities.

2018-6-14 20:53	SEC
securities bitcoin says sec ethereum months rest

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5 ICOs are expected to be approved this month by Thailand’s SEC

Thailand’s securities regulator is reportedly expecting to approve five initial coin offerings (ICOs) later this month. According to the Bangkok Post on Wednesday, the Thailand Securities and Exchange Commission (SEC) has said that, while 50 ICOs in the country are currently applying for regulatory approval, five of them are already in a position to move ahead.

2018-6-14 17:03	Thailand
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SEC Closes Debate on ICOs, Insists They Are Securities

Jay Clayton, former elite bankers’ lawyer now Chairman of the Securities and Exchanges Commission (SEC), has effectively closed the debate on Initial Coin Offerings (ICOs) as far as SEC is. .

2018-6-14 15:00	#tokens
sec debate icos securities insists closes coin

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Ripple, Stellar And Ethereum Classic All Approved

The Securities and Exchange Commission of Thailand (SEC) have recently published a new framework which highlights the countries changing stance on cryptocurrencies. Within this, the SEC have published information about fees and taxes, licensing and interestingly, a list of their seven approved cryptocurrencies.

2018-6-14 13:30	Stellar
cryptocurrencies sec approved published within thailand ethereum

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Thailand's SEC Expects to Approve 5 ICOs This Month

Thailand's securities regulator is reportedly about to make the country one of the first to register token sales in a regulated environment.

2018-6-14 13:00	ICOs
thailand country one token environment regulated sales

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SEC “Investing In America” Discussion: Live Comments On ICO Regulations

This news update is brought to you directly from the SEC Chairman and Commissioners open discussion on ICO’s, securities and blockchain technology today, in a public town-hall style meeting in Atlanta, US.

2018-6-13 23:38	News
ico discussion sec securities blockchain rsquo technology

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New Platform Answers the Question: Who's Really Behind That ICO?

With crypto scams running rampant across the globe, Human Trust Protocol, aka Hub, is joining hands with Civic, a blockchain identification service provider, to verify users via know-your-client (KYC) data gathered from the Civic secure identity platform (SIP).

2018-6-13 00:23	Privacy & security
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New Thai SEC Crypto Regulations Go Live Soon

Newly proposed regulations from the Thailand Securities and Exchange Commission are expected to enter into effect this month, which include 7 permitted trading pairs, new controls over ICOs, an updated annual fee structure and licensing details.

2018-6-12 18:15	News
regulations new pairs permitted trading month controls

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Regulations Round-Up: SEC “Underwhelmed” by Exchanges’ Reporting, Quebec Halts New Mining Operations Again

In recent regulatory news, Brett Redfearn, the director of the United States Securities and Exchange Commission (SEC)’s Division of Trading and Markets, has described the self-reporting efforts of cryptocurrency exchanges as “underwhelm[ing],” Hydro-Quebec has again suspended new applications from mining companies seeking to operate in the province, and the SEC has published a new page […] The post Regulations Round-Up: SEC “Underwhelmed” by Exchanges’ Reporting, Quebec Halts New Mining Operations Again appeared first on Bitcoin News.

2018-6-12 16:24
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SEC Chairman: Cryptocurrencies Like Bitcoin Are Not Securities, but Most ICOs Are

U. S. Securities and Exchange Commission (SEC) chairman Jay Clayton states that the SEC will not be bending the rules anytime soon when it comes to cryptocurrencies and that while bitcoin remains a commodity, all initial coin offering (ICO) tokens — or coins offered through a fundraising process — classify as securities.

2018-6-11 22:23	Regulation

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American financial regulator appoints first-ever cryptocurrency and ICO advisor

The US Securities and Exchange Commission (SEC) appoints a person in charge of cryptocurrency market and ICO regulation. The main declared aim is to protect retail investors.