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Gary Gensler: Crypto Frauds Extend Beyond a Single Case
9.11.2023
Image Source: CNBC Gary Gensler, Chair of the Securities and Exchange Commission (SEC), has issued a warning about the prevalence of fraud in crypto, stating that there are multiple “notorious fraudsters” operating in the space. Gensler’s comments come on the heels of the criminal...
Tom Emmer’s Amendments to Curb SEC Enforcement Abuses against Crypto Passes House Unanimously
9.11.2023
Source: Twitter/@MNFarmBureau Pro-crypto Congressman Tom Emmer has made progress in his efforts to limit the powers of the United States Securities and Exchange Commission (SEC) when it comes to enforcing regulations on digital assets. The politician has attached an amendment to HR 4664, also known...
Binance Arguments to Dismiss Lawsuit Lack Merit, SEC Argues In New Filing
9.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) has opposed Binance’s arguments to dismiss the lawsuit adding that the motion has no real basis under law. In a Nov 8 court filing, the securities regulator claims the defendants applied the law incorrectly in an attempt...
US Regulator to Continue Going After Crypto Entities Despite Court Setbacks — Expert
9.11.2023
The U.S. Securities and Exchange Commission is unlikely to issue clear guidelines on the application of the law against the crypto industry before its case against Ripple is finalized, an industry expert has said. The U.S. securities regulator only needs to provide “additional facts”...
Michael Saylor Expects Bitcoin Demand to Double After Halving and Spot Bitcoin ETF Approvals
9.11.2023
Microstrategy Chairman Michael Saylor expects the demand for bitcoin to double after the halving and the approvals of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The Microstrategy executive says the next 12 months will be “pretty auspicious...
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
Brief Approval Window Opens for spot Bitcoin ETF Applicants, 90% Chance of Approval by January
8.11.2023
In an exciting development, Bloomberg ETF research analysts, Eric Balchunas and James Seyffart, unveiled data showing an eight-day long window wherein the Securities and Exchange Commission (S.E.C) could approve all 12 spot Bitcoin ETF applicants beginning as soon as tomorrow. A Brief Window...
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...
CFTC States 50% of Reported Cases Involved Crypto in Released Enforcement Results
8.11.2023
Source: Adobe The US premier enforcement agency, Commodity Futures Trading Commission (CFTC), has announced the release of its record-setting enforcement results for the fiscal year (FY) of 2023. As detailed in an official document dated November 7, the government agency reported its pursuit of...
Crypto-based Streaming Site Odysee a “Haven” for Extremists, Southern Poverty Law Center Claims
8.11.2023
The blockchain based video-streaming site, Odysee, finds itself in hot water this morning following a detailed report by the Southern Poverty Law Commission that claimed the website is a hub for “hate groups and extremists.” A “Haven” for Extremism In the Southern Poverty Law Center’s...
SEBA Bank’s Hong Kong Branch Secures Full License for Crypto Services from SFC
8.11.2023
Source: SEBA Bank The Swiss crypto bank SEBA has announced that its wholly owned subsidiary SEBA Hong Kong has received a full license from the city’s Securities and Futures Commission (SFC). This regulatory approval enables the bank to engage in a wide range of financial activities, including...
Hong Kong Considers Allowing Trading of Spot Crypto ETFs
8.11.2023
Hong Kong is examining allowing the launch of spot cryptocurrency exchange-traded funds (ETFs), given that the risks of these instruments are addressed. In a recent interview, Julia Leung, CEO of the Hong Kong Securities and Exchange Commission, stated that the focus of the organization’s...
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's Bromance With U.S. CFTC May Be One-Sided
7.11.2023
Half of the 2023 sanctions from the U.S. Commodity Futures Trading Commission (CFTC) targeted digital assets companies and individuals, according to the agency's annual enforcement snapshot released on Tuesday
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 –...
Crypto Broker sFOX Offers Commission-Free Blockchain Staking from Regulated Custody
7.11.2023
“We are providing a gateway to staking without stepping in the middle or taking any revenue or profit,” founder Akbar Thobhani said
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...
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...