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Crypto chief bids SEC farewell after 9 years of service
17.6.2024
David Hirsch has worked as an enforcement attorney for the SEC since 2015 and started his post as the chief of the crypto asset division in 2022
U.S. SEC's Crypto Enforcer David Hirsch Quits
17.6.2024
David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday
SEC rejects Ripple Labs plea to lower fines, insists on nearly $2B penalty
17.6.2024
The San Francisco based Ripple Labs Inc. is currently engaged in a legal battle with the SEC over the latter’s request for a $2 billion penalty. They are advocating for a decrease, claiming that Terraform Labs’ recent $4.5 billion settlement is a point of reference. Ripple’s lawyers also say that...
Rumors of SEC settlement behind highs and lows of XRP
17.6.2024
Rumors doing the rounds regarding a possible settlement by the SEC is creating the oscillation of XRP price reaching $0.5049, to go south almost immediately. Previously too, the price lowered by 0.27%, from the figure of 3.50%, finally standing at $0.4892, following a further decline by 1.77%. ...
SEC shoots down Ripple’s argument for a lower penalty
17.6.2024
The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs
Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate
17.6.2024
Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized...
SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer
17.6.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether...
Experts Warn SEC’s Consolidated Audit Trail Is Unconstitutional
16.6.2024
The U.S. Securities and Exchange Commission’s (SEC) newest surveillance tool, the Consolidated Audit Trail (CAT), has sparked significant concerns among privacy advocates and legal experts, who warn of an unprecedented expansion of government monitoring over financial transactions....
SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case
16.6.2024
The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the...
Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2
15.6.2024
Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings....
Ripple invokes SEC v. Terraform case, argues for smaller civil penalty
14.6.2024
The blockchain firm’s case with the SEC has been ongoing since December 2020, when the regulator alleged Ripple used XRP as an unregistered security to raise funds
Ripple backing Terraform Labs against a penalty charged by SEC
14.6.2024
Ripple is siding with Terraform Labs by taking a firm stand against the Securities and Exchange Commission levying a penalty charge against the company. In Ripple’s opinion, the court should discard the settlement issue. Recently, the SEC asked the founder of Terraform, Do Kwon, to make a payment...
Deepfake AI ‘gang’ drains $11M OKX account, Zipmex zapped by SEC: Asia Express
14.6.2024
OKX blames “coin-stealing hacking gang” for deepfake AI theft of $11M, Zipmex unlicensed, Microvisionchain’s millions in grants: Asia Express
US judge approves Terraform’s $4.5B settlement with SEC
14.6.2024
A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC
U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC
13.6.2024
The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgement interest, and civil penalties
President Biden announces picks for SEC, FDIC and Treasury leadership
13.6.2024
CFTC Commissioner Christy Goldsmith Romero could replace Martin Gruenberg after allegations of a toxic workplace culture at the FDIC
SEC may receive ‘only a fraction’ of Terraform’s settlement
13.6.2024
The U.S. SEC still has to queue up behind secured creditors to receive a payment from Terraform Labs’ multibillion-dollar settlement, if any
SEC chair sees spot Ether ETF S-1 approvals sometime in summer 2024
13.6.2024
Some analysts had predicted that spot Ether ETFs could start trading on U.S. exchanges by the end of June, but the SEC has yet to set an exact date
Ether ETFs Should Be Fully Approved by September, Says SEC Chair Gensler
13.6.2024
U.S. Securities and Exchange Commission Chair Gary Gensler said that the final approvals for exchange-traded funds (ETFs) trading Ethereum's ether {{ETH}} should be finished this summer, he told senators in a budget hearing on Thursday
Terraform Labs settles SEC charges for $4.47B
13.6.2024
One of the biggest collapses in the history of cryptocurrency is finally ending, and Terraform Labs is willing to pay the SEC $4.47 billion. The SEC requested a federal judge in the Southern District of New York to accept the settlement. The new development comes two months after a judicial...