On September 18, a significant hearing will focus on the U.S. SEC’s approach to regulating crypto assets. The House Subcommittee on Digital Assets, Financial Technology, and Inclusion will hold this hearing, aptly named “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets,” at 10:00 a.m. in the ... Read more
Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), finds himself under scrutiny from prominent Republican lawmakers including Jim Jordan, Patrick McHenry, and James Comer. The trio is investigating claims that Gensler may have engaged in politically biased hiring practices at the agency, potentially violating the Civil Service Reform ... Read more
eToro will halt trading for most cryptocurrencies after settling with the U.S. SEC, agreeing to pay a $1.5 million penalty.The SEC accused eToro of operating as an unregistered broker and clearing agency for crypto assets classified as securities. In a significant regulatory move, the stock trading platform eToro is set ... Read more
The U.S. Securities and Exchange Commission (SEC) has issued a Galois Capital Management LLC Florida crypto asset investment advisory firm a civil penalty of $225,000. This action follows Galois’s noncompliance with the necessary regulations to ensure the protection of the customer’s assets and the firm’s misleading statements about the redemption ... Read more
The United States Securities and Exchange Commission (SEC) has recently issued a cautionary statement regarding the potential repayment of creditors by the now-bankrupt cryptocurrency exchange, FTX. The warning centers around FTX’s consideration of using stablecoins as a medium for returning funds to its creditors. The SEC’s concerns were made public ... Read more
In a recent statement, Devin Finzer, Co-founder and CEO of OpenSea, revealed that the company has been hit with a Wells notice from the Securities and Exchange Commission (SEC), signaling a potential lawsuit. The SEC’s move, which argues that NFTs traded on OpenSea might be classified as securities, has stunned ... Read more
A federal court ruling recently rejected a motion by crypto exchange Kraken to dismiss a lawsuit brought against it by the Securities and Exchange Commission (SEC). On August 23, it ordered that the motion to dismiss the complaint of the SEC could not be granted, and, consequently, the case will ... Read more
Ripple (XRP) has shown remarkable resilience, maintaining strong performance and positioning itself for potential upward movement. Over the past week, XRP has experienced a notable increase of nearly 7%, indicating a positive momentum. The recent legal victory of Ripple in its case against the U.S. Securities and Exchange Commission has ... Read more
Solana ETF hopes were dashed after the U.S. SEC held a closed-door meeting with ETF issuers about whether the token might be classified as a security. Following discussions, CBOE decided not to submit the relevant 19b-4 form to avoid initiating the approval process. While VanEck’s S-1 registration statement for the ... Read more
XRP explodes after its major backer Ripple dodges a $2 billion penalty. In a major development, Judge Analisa Torres has ruled that the blockchain firm must pay a $125 million civil penalty and cease any further violations of securities laws. The verdict has effectively concluded the nearly four-year legal battle ... Read more
