Articles filed under

SEC – Securities and Exchange Commission

255 articles
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March 2023

FastForkast headlines

Ripple executives say XRP lawsuit ruling will have little impact on global business operations

US accuses exiled Chinese tycoon Guo Wengui of $1 billion crypto-linked fraud

Voyager-Binance.US’ $1 bln deal should be put on hold, says U.S. Department of Justice

New York attorney general sues KuCoin for ‘falsely representing itself as an exchange’

CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position

Voyager gains court approval to sell assets to Binance U.S. in US$1.3 bln deal

SEC shuts Miami hedge fund for alleged ties to US$100 mln crypto fraud 

March 2023

Industry reacts: US cracks down on crypto, India calls for regulatory collaboration

The cryptocurrency industry this week reacted to the recent moves by U.S. authorities against Kraken and Paxos. Meanwhile, India has been calling for a collaborative approach to crypto regulations.

Go ahead and ban staking. Crypto investors will just go elsewhere

The SEC’s latest heavy-handed approach toward crypto will leave investors less protected while benefitting dodgy offshore companies, writes Danny Talwar of Koinly.

Paxos ordered to stop minting Binance stablecoin as SEC mulls legal action

Top blockchain and crypto news: Paxos halts BUSD issuance. Kraken faces disclosure charges. Beijing backs new blockchain research center.

Crypto Clampdown Begins

As financial regulators around the world continue to crackdown on stablecoins, some are asking if they are overreaching their jurisdiction.

Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown

Last year was memorable in the emerging world of digital assets for the sheer number of corporate failures. The industry itself has been asking for clearer legal guidelines to help development. Is that what’s happening now?
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A house divided? SEC Commissioner Peirce attacks agency’s fines against Kraken exchange

Hester Peirce said using enforcement action to dictate law in an emerging industry is the act of a “lazy” regulator, after the SEC fined the U.S.-based Kraken crypto exchange for failing to register staking programs.

FastForkast headlines

SEC shuts Miami hedge fund for alleged ties to US$100 mln crypto fraud 

SEC accused of ‘back door’ labeling of crypto as securities in Coinbase insider trading case

SEC has to clarify what’s permissible for staking, former CFTC chair says

Judge denies Dapper Labs request to dismiss NBA Top Shot security lawsuit

Do Kwon, founder of collapsed Terra stablecoin, charged with fraud by U.S. securities regulator

Binance expects to pay penalties to settle U.S. probes: Wall Street Journal

S. Korean regulators to probe local crypto staking services following U.S. crackdown: News1

SEC may make it harder for hedge funds to work with crypto firms: Bloomberg

Coinbase CEO says he will “happily defend” crypto staking service against claim it’s a securities product

Securities and Exchange Commission may sue BUSD stablecoin issuer Paxos, WSJ reports

Markets: Bitcoin slumps in broad sell off amid SEC charges against Kraken, regulation worries

Coinbase CEO Brian Armstrong says SEC has ‘terrible’ idea to ban crypto staking for U.S. retail customers

Judge rules secondary sale of LBC does not classify as security in SEC vs LBRY appeal

February 2023

Ripples’ ripple?

The battle for who gets to regulate cryptocurrencies continues as SEC v. Ripple Labs carry on larger implications for the crypto world.

Ripple Decision Soon?

Ripple expects a SEC ruling on a two-year-old suit and what regulations it could bring about.

Ripple expects SEC ruling in first half, clearer global regulations for digital assets in 2023 

Ripple Labs Inc. expects a court decision in the first six-months of this year in the case filed against the company by the U.S. Securities Exchange Commission. The SEC sued Ripple in December 2020 for allegedly selling US$1.3 billion in unregistered securities.

FastForkast headlines

Judge rules secondary sale of LBC does not classify as security in SEC vs LBRY appeal

Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges

Thailand’s SEC issues new regulations for crypto custody services

SEC in the U.S. charges Genesis, Gemini with selling unregistered securities

Thai regulator probes Zipmex crypto exchange amid acquisition: report

Coinbase to cut 20% of its remaining workforce

SEC objects to Binance’s US$1 bln deal to buy Voyager Digital’s assets

MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC

January 2023

FTX an ‘old-fashioned embezzlement’ says new CEO as US authorities charge Bankman-Fried with fraud

Members of a U.S. Congressional hearing expressed frustration about the timing of Bankman-Fried’s arrest, saying they wanted him to testify under oath so the public could get the answers they are seeking about the collapse of FTX.

FastForkast headlines

MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC

Ripple CEO’s attorney to resign as counsel on XRP lawsuit against SEC

SEC charges FTX founder Sam Bankman-Fried with defrauding investors

SEC advises public firms to disclose crypto risks

December 2022

FastForkast headlines

SEC advises public firms to disclose crypto risks

SEC gets support from New Sports Economy Institute in XRP lawsuit against Ripple

Ripple gets support from Blockchain Association in XRP lawsuit against SEC

Coinbase officially enters the fray in XRP lawsuit to support Ripple against SEC

SEC gets more support in XRP lawsuit against Ripple

SEC gets more time to file reply briefs in XRP lawsuit against Ripple

Digital wallet Cryptillian seeks to back Ripple against SEC in XRP lawsuit

November 2022

As US midterms approach, poll says voters want policy interests to align with crypto, technology

Survey reveals popularity of crypto ownership among voters, their hopes for the industry’s growing potential and the need for regulation to protect consumers.

US Regulation Delays

There’s a power struggle over who regulates crypto in the US – and it could all depend on how the midterm elections go this year.

FastForkast headlines

Digital wallet Cryptillian seeks to back Ripple against SEC in XRP lawsuit

SEC asks court to deny Ripple motion for summary judgment in XRP lawsuit

Ripple lawyer says ‘worth the fight’ as SEC hands over Hinman files in court case

CFTC, SEC investigate if bankrupt 3AC misled investors, failed to register business

Are NFTs securities? Bored Ape creator Yuga Labs faces SEC probe

Ripple slams SEC’s opposition to brief motions in XRP lawsuit

SEC opposes motions from two firms seeking to back Ripple in XRP lawsuit

SEC fines Kim Kardashian US$1.26 mln for promoting EthereumMax

Two firms seek to weigh in on XRP lawsuit between SEC, Ripple

October 2022

Are DAOs above the rules?

Ooki DAO – you’ve probably never heard of it, but it could become one of the most important decentralized autonomous organizations – because of the rules it’s accused of breaking.

Crypto research firm founder accused of promoting ICO for compensation

Self-described crypto influencer charged with violating SEC regulations by trading and promoting an initial coin offering under undisclosed financial terms.

SEC, Ripple seek summary judgment in attempt to speed up XRP lawsuit

The argument centers around if Ripple’s XRP sales were offerings of unregistered securities.

FastForkast headlines

Two firms seek to weigh in on XRP lawsuit between SEC, Ripple

XRP price surges after U.S. court rejects SEC objection in Ripple lawsuit

Markets: XRP jumps amid court ruling against SEC, Bitcoin gains, Ether sole loser in crypto top 10

SEC charges Hydrogen Technology for selling unregistered securities 

Bitcoin ‘might double in price’ under CFTC regulation, its chairman says

SEC fines Tether’s former auditor US$1 mln over accounting malpractice

Cryptocurrency lobby group gets court approval to weigh in on SEC vs Ripple’s XRP lawsuit

Ripple objects to SEC’s relief suggestion in XRP lawsuit

Markets: Bitcoin price falls below US$19,000, XRP gains on SEC lawsuit developments, Ether post-Merge slide continues