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U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown
9.11.2023
As the U.S. House of Representatives weighs legislation on next year's spending, a provision was added on Wednesday that would deprive funding from U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto businesses
Binance Has No Real Argument for Dismissing SEC Suit, Regulator Says
8.11.2023
U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
8.11.2023
The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF), according to a person familiar with the back-and-forth, which could have...
Bitcoin Pushes Towards $36K Ahead of Last Approval Period For Spot ETFs This Year
8.11.2023
The Securities and Exchange Commission (SEC) has one last short window, an eight-day period starting Thursday, if it wants to approve all 12 spot bitcoin (BTC) ETF applications this year, Bloomberg analysts wrote in a note on Wednesday
Former SEC Official Predicts ‘Big Win’ for SEC in Terra Lawsuit — Expects Continued Rejection of Ripple/XRP Ruling
8.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has predicted a “big win” for the SEC in the lawsuit involving Terraform Labs. The ex-SEC official also expects District Judge Jed Rakoff to keep rejecting the ruling by District Judge Analisa...
Convicted Sam Bankman-Fried’s Legal Battles Rage On Amidst SEC, CFTC Charges, and Class Action Fury
8.11.2023
Sam Bankman-Fried was convicted on all charges in the Department of Justice’s fraud case against the ex-FTX chief, but his legal woes are far from over. He is also under pressure from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which have...
Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN’s Mixing Service Proposal
7.11.2023
Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection...
SEC’s Efforts to Hire Crypto Experts Thwarted by Own Crypto Ownership Policy
7.11.2023
SEC policies against staff owning crypto make hiring industry specialists difficult. Image by Kristina Blokhin, Adobe Stock. The U.S. Securities and Exchange Commission (SEC), known for its stringent regulatory oversight of the finance sector, is facing an ironic hurdle as its own policies...
Today in Crypto: US SEC Candidates Unwilling to Divest Crypto Assets, BSC Ranks 4th in Q3 Fiat Losses
7.11.2023
Source: AdobeStock / MuhammadIlyas Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Career news The US Securities and Exchange Commission (SEC) is having trouble hiring crypto experts –...
Coinbase Adds Four National Security Experts to its Global Advisory Council
7.11.2023
Coinbase has added four national security experts, including former U.S. Secretary of Defence Dr. Mark T. Esper, to its Global Advisory Council
Bitcoin Price Prediction: BTC Stabilizes Near $35,000 Amid SEC Hiring Woes & Rising Fees
7.11.2023
As the digital currency market continues to evolve, Bitcoin faces a new set of challenges and endorsements. Currently priced at $34,901, Bitcoin has seen a slight decline of 0.25% as of Tuesday. The US Securities and Exchange Commission is grappling with its own set of issues, particularly...
US lawmaker proposes to cut SEC chair Gary Gensler’s salary to $1
7.11.2023
The Financial Services and General Government bill proposes to drastically cut funding to the SEC and other government agencies
SEC Inspector General says prohibition on crypto ownership hinders agency hiring
6.11.2023
Besides being short on crypto specialists, the SEC OIG noted a litany of problems that are already familiar – lack of legislative clarity, lack of interagency coordination, etc
XRP Price Pumps 16%, Eyes Test of Yearly Highs Near $1.0 as Crypto Community Discusses Potential 99.9% Victory for Ripple Versus SEC
6.11.2023
The US Security and Exchange Commission (SEC)’s losing streak in its ongoing lawsuit versus US fintech company and the creator of the XRP cryptocurrency Ripple Labs continued last week. That’s according to a tweet by Ripple Labs’ Chief Legal Officer Stuart Alderoty, who said last...
SEC Commissioner Mark Uyeda Calls for Regulatory Rules on Crypto
6.11.2023
The US Securities and Exchange Commission (SEC) has tried regulating the crypto space through enforcement actions in the last three years. In the opinion of the agency’s commissioner, Mark Uyeda, this shortsighted approach makes it harder to bring much-needed clarity to the nascent industry....
3 reasons why Ethereum price is underperforming altcoins
6.11.2023
Eth price trades at a key resistance level, but data highlights why the altcoin could struggle to hold $1,900
Senator Lummis Takes a Stand Against SEC’s Crypto Crackdown, Says the Commission is “Overreaching”
6.11.2023
Senator Cynthia Lummis (R-Wyo.) has voiced opposition to the Securities and Exchange Commission’s ongoing crackdown on the cryptocurrency industry. In an interview with Yahoo Finance, she expressed her concerns about the regulatory agency’s actions and vowed to block one of...
SEC Clashes With Do Kwon and Terraform Labs in Court, Alleging ‘Clear, Undisputed’ Fraud
6.11.2023
Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In response, the SEC has countered with a motion of its own, asserting the accountability of both...
Musk’s Plans for X, Celebrating Satoshi’s Seminal White Paper, Bitcoin ETF Predictions, and More — Week in Review
5.11.2023
In this week’s top crypto news, Elon Musk talks about making social media platform X into something of a financial monolith, Bitcoin.com News celebrates the 15-year anniversary of the Bitcoin white paper with a look at Satoshi’s seminal and groundbreaking work, and more exchange-traded...
Crypto lawyer says $20M settlement is 99.9% win for Ripple
5.11.2023
Deaton strongly refuted the idea that the lawsuit’s result was an even 50-50 outcome for the SEC, asserting that it leaned closer to a 90-10 advantage in favor of Ripple