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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Bitcoin Mining Manufacturer Ebang Eyes a $100 Million IPO

Bitcoin mining firms are expected to take a blow due to the global coronavirus crisis. In the case of Ebang, that may not necessarily be the case, as an IPO has been filed with the SEC. It is commendable to see Bitcoin mining firms look toward the future during these uncertain times.

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Many Blast SEC for Denying Bitcoin ETF Proposal: Here’s Why

For years, crypto financial services firms across the U. S. have been trying their hand at launching publicly-traded Bitcoin funds (ETFs). Unfortunately for these hopefuls, the U. S. Securities and Exchange Commission (SEC) has long not agreed with these firms’ assertions that the cryptocurrency market is ready for its own regulated, tradable fund.

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Bitcoin ETF chances jump after SEC green lights futures-based fund; here’s why

For years, crypto financial services firms across the U. S. have been trying their hand at issuing publicly-traded Bitcoin funds (ETFs). Unfortunately for these hopefuls, the U. S. Securities and Exchange Commission (SEC) has long not agreed with these firms’ assertions that the Bitcoin market is ready for its own regulated, tradable fund.

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Financial Law Firm Creates Unified Bitcoin And Crypto Crime Database

A new database called the Blockchain Litigation Database is making easier for law firms to provide legal services to crypto-sector clients concerned about compliance issues with the SEC and CFTC.

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Is SEC and IRS Pushing Innovative Crypto Firms Out of the U.S?

With Wozniak leaving, there is debate that the IRS and the US SEC could be restricting and driving innovation away from the US.

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FINRA, SEC Explain Delay In Broker-Dealer License Approval

In a joint statement, the Financial Industry Regulatory Authority and the US Securities and Exchange Commission explained that the delay in many crypto-related firms looking to obtain a broker-dealer license has to do with digital assets and whether or not they fulfill certain Security Investor Protection Act requirements.

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FINRA and SEC Frustrating U.S Crypto Startups

The Financial Industry Regulatory Authority (FINRA), a non-governmental and self-regulatory organization (SRO) in charge of regulating member brokerage firms, has been reluctant to approve the application of nearly 40 firms looking to offer crypto-related services in the region.

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Zuckbucks or Bust: How SEC Rulemaking Hurts Startup Cryptos and Favors Big Tech

SEC guidance has created a more attractive environment for regulated tech firms like Facebook to offer proprietary cryptoassets integrated into their existing products that can be legally traded on existing crypto-exchanges as non-securities.

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TokenSoft Lifts Restrictions on Clients’ Use of Approved Law Firms, Following Guidance by SEC

TokenSoft has historically required that their clients use specific law firms that have already been vetted and approved by the platform. The “legal landscape,” as TokenSoft says, was a complicated place with the blockchain industry, and it was easier to work with law firms that that already had to experience with the crypto industry. However, […]

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SEC, CFTC Issue Investment Warning on Crypto Scams

Sensing a rise in crypto-related scams and fraudulent investment schemes, the U. S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint warning to investors, encouraging them to take a more thorough approach to verifying potential investments in the space.

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Report: North Korea May Exploit Southeast Asia’s Crypto Exchanges

North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.

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SEC Cracks Down on Misleading Crypto and Data Sharing ETF Monikers

Due to the saturation of the ETF market and misleading filing monikers, the SEC has asked several firms to change their filing names, Bloomberg reports on April 12, 2019. Crack Down It is no secret that a good number of the Securities and Exchange Commission’s ‘(SEC) interaction with the crypto community have been through theRead MoreRead More.

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In Plain English: SEC Publishes Guidance on Tokens as Securities

The U. S. Securities and Exchange Commission (SEC) has published an investment contract framework for digital assets, which is intended to give crypto companies guidance as to whether a cryptocurrency is a security.

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Bahrain Courts Indian Crypto Businesses in Collaboration With Government

The Bahrain Economic Development Board is inviting Indian firms to take advantage of the opportunities its country has to offer including for crypto businesses. The board has been collaborating with the Indian government on a number of issues.

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Why This Privacy Watchdog Says the SEC’s Crypto Exchange Crackdown Threatens to Stifle Free Speech

The Electronic Frontier Foundation is taking the SEC to task for potentially repressive policies related to enforcement actions levied against crypto industry firms. Free speech online is the EFF’s wheelhouse, but in a recent blog post, they’ve also addressed other matters in the cryptosphere.

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New York-based Asset Management Firm Files for Bitcoin ETF

Wilshire Phoenix, a New York-based Asset management firm, has filed for an ETF which will store bitcoin, treasury bills and the US Dollar, January 15, 2019. Coveting the ETF The journey to finally getting a Cryptocurrency ETF has been a long and elusive one.

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Bitcoin ETF Hype Remains: VanEck, SolidX Rendezvous With SEC

Crypto ETF Hopefuls Rendezvous With SEC As reported by Ethereum World News in late-October, a number of representatives from VanEck, SolidX Partners, and CBOE, the three firms behind the leading Bitcoin ETF application, met with the U.

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VanEck, Cboe and SolidX Meet With SEC to Discuss a Bitcoin ETF

Having met the U. S. Securities and Exchange Commission (SEC) in August 2018, officials of VanEck, SolidX and Cboe BZX Exchange have met with the Commission again, in the latest attempt to convince the regulator to approve the nation's first bitcoin exchange-traded fund (ETF), according to an official presentation submitted to the SEC.

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SEC: ICOs Can be Securities Offerings and Need to be Registered

Late last week, the SEC released a statement informing the crypto and investor communities that it had settled with two ICOs that had carried out unregistered securities offering.  The two firms that were cited by the SEC were CarrierEQ Inc.

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SEC Enforcement Actions Support Crypto’s Bearish Trend

The US securities regulator is supporting the current market panic through its recent enforcement actions against ICO firms.

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Crypto Companies Must Follow US Securities Rules When Applicable, SEC Warns

The regulator has issued advice to firms dealing with digital asset securities, including ICO-issuers, investment funds, exchanges, brokers and dealers.

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Why The SEC Asking ICOs to Register their Tokens as Securities is Good for Ethereum (ETH)

This past Friday – November 16th – the Securities and Exchange Commission (SEC) released a statement announcing that they had settled charges against two firms that had carried out ICOs that fall under securities offering.

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AirToken & Paragon Coin to Become Securities After Airfox, Paragon Settle SEC Charges

The US SEC required two ICO firms to register their tokens as securities and return funds to harmed investors.

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SEC Orders Airfox and Paragon to Return Millions to Investors on ICO Registration Violations

The U. S. Securities and Exchange Commission (SEC) has settled charges against two cryptocurrency companies which were accused of violating ICO securities offering registration rules. Both firms, Carrier EQ (Airfox) and Paragon Coin sold digital tokens in ICOs in 2017 after the regulator’s official stance on the ICO.

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Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.

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