President-elect Donald Trump is considering former Commissioner Paul Atkins as a leading candidate to head the Securities and Exchange Commission (SEC) in a move that may signal a sharp shift in U.S. financial regulation, according to Bloomberg. Atkins, a seasoned Republican regulator who served during the George W. Bush administration, ... Read more
Gary Gensler, the 33rd Chair of the U.S. Securities and Exchange Commission (SEC), announced his resignation effective January 20, 2025, marking the end of an eventful tenure that began in April 2021. Having navigated the agency through rough waters, including the aftermath of the GameStop saga, Gensler put the emphasis ... Read more
Teresa Goody Guillén, a leading lawyer and partner at BakerHostetler, has emerged as a top contender for the position of SEC Chairman. The news comes as President-elect Donald Trump seeks to install a pro-crypto, non-bureaucratic leader to reshape the regulatory landscape. Unlike the current SEC chair, Guillén’s candidacy signals a ... Read more
BIT Mining Ltd. a company that formerly traded under the name 500.com Limited has agreed to pay $10 million for violating the Foreign Corrupt Practices Act (FCPA). The sanctions consist of a $4 million civil penalty by the Securities and Exchange Commission and a $6 million criminal fine by the ... Read more
Tyler Winklevoss, who co-founded Gemini, has recently been quite critical of Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC). In a recent X post, Winklevoss slam Gensler for destroying the crypto industry and demanded that the official should never hold any position again. This strong criticism ... Read more
A coalition of 18 U.S. states has filed a lawsuit against the Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, alleging unconstitutional overreach in regulating cryptocurrencies. The lawsuit, signed by Republican Attorneys General, criticizes the SEC’s enforcement-driven approach, which they argue undermines the states’ ability to create tailored ... Read more
Monex Group has announced that its crypto exchange, Coincheck, has cleared a key regulatory milestone with the U.S. Securities and Exchange Commission (SEC), making its upcoming Nasdaq listing a significant step closer. Coincheck’s registration statement (Form F-4) has been officially deemed effective, signalling that the SEC has approved the filing ... Read more
The Trump transition team is reportedly eyeing Dan Gallagher, Robinhood’s Chief Legal Officer and former Republican SEC Commissioner, for a potential chair role at the U.S. Securities and Exchange Commission (SEC). Known for advocating financial innovation, Gallagher supports treating cryptocurrencies as a unique asset class separate from traditional securities. This ... Read more
A new report has shed light on the fair market value of XRP, the cryptocurrency affiliated with the Ripple network. The six quantitative models were developed by a group of experts to assess the impact of different scenarios on the token’s value had the SEC lawsuit not occurred. The SEC ... Read more
Immutable has announced that it received a Wells notice from the U.S. Securities and Exchange Commission (SEC), indicating potential enforcement action. The SEC’s notice, which typically precedes a lawsuit, alleges that Immutable violated securities laws and made misrepresentations. Although the notice did not detail specific allegations, Immutable believes the claims ... Read more
