The US SEC has charged Do Kwon and Terraform Labs for committing securities fraud The SEC has also pressed fraud charges in relation to Chai payments The United States Securities and Exchanges Commiss...
Tag: SEC
SEC Sues Terraform Labs and Do Kwon for Crypto Fraud Involving UST and LUNA
On February 16th, the US Securities and Exchange Commission (SEC) accused Terraform Labs, the Singapore-based company behind the creation of LUNA and UST – native tokens of the Terra ecosystem – and i...
SEC To Sue Firm Behind Failed Terra Stablecoin, Terraform Labs
Nearly a year after the demise of Terra and it’s UST stablecoin, the SEC is in pursuit. It’s the latest in a suite of regulatory hammers that the Securities and Exchange Commission has been bringing t...
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asse...
U.S SEC Sues Do Kwon And Terraform Labs For Fraud
– Advertisement – The SEC has sued Do Kwon and his defunct crypto firm Terraform Labs. The fugitive founder is being charged with orchestrating a multi-billion dollar crypto asset securit...
Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
The United States Securities and Exchange Commission (SEC) plans to sue Paxos for issuing and listing its Binance USD (BUSD) stablecoin, benefitting its top-rival, Tether (USDT), whose market capitali...
SEC charges Do Kwon with fraud in connection with Terra collapse
Do Kwon, co-founder and chief executive officer of Terraform Labs, in the company’s office in Seoul, South Korea, April 14, 2022. Woohae Cho | Bloomberg | Getty Images The Securities and Exchang...
SEC charges Terraform and Do Kwon post Terra collapse
Policy • February 16, 2023, 5:01PM EST The Securities and Exchange Commission charged Terraform Labs and its CEO Do Hyeong Kwon over its algorithmic stablecoin Terra USD, which collapsed dramatically ...
Gary Gensler’s SEC is failing the crypto world
The Securities and Exchange Commission (SEC) two years after hiring Gary Gensler as chairman has brought no positive results. The crypto market has been one of the most volatile markets in recent year...
SEC proposes tougher rules as part of its crypto custody crackdown
A five-member panel of the United States Securities Exchange Commission (SEC) has voted 4-1 in favor of a proposal that may make it more difficult for cryptocurrency firms to serve as digital asset cu...
SEC vs. XRP: Layton Files Motion for Access to Hinman’s Speech Documents
Rosalyn Layton filed a motion to intervene in the SEC vs. XRP case. Layton petitioned the Court asking for access to Hinman’s Speech Documents. The filing pointed out the public release of those docum...
Coinbase Weighs In on SEC Banning Binance USD (BUSD), Says Stablecoins Are Not Securities
Top US crypto exchange Coinbase is weighing in on the regulatory uncertainty swirling around stablecoins this week. The issue is getting attention because New York-based crypto company Paxos said on M...
The SEC shook Kraken down for $30M, but it doesn’t mean they had a case
The settlement between Kraken (Payward Ventures) and the United States Securities and Exchange Commission set off alarm bells in the crypto community this month. Apparently, Kraken — one of the most c...
Hester Peirce opposes new SEC proposal on crypto custody
The SEC commissioner has joined the Crypto Twitter discussion to criticize her agency’s most recent crypto proposal. The US Securities and Exchange Commission Commissioner (SEC) Hester Peirce, who is ...
Will The SEC Staking Hammer Hit Validators and Protocols Next?
Last week, Coinbase CEO Brian Armstrong sent the crypto staking verse into a speculative frenzy — with one tweet thread positing “rumors” that the SEC wanted to “get rid of” crypto staking for US reta...
Tighter rules to control crypto custody? The SEC says…
A new proposal from the SEC may make it more challenging for cryptocurrency firms to serve as digital asset custodians. However, Commissioner Hester Peirce stated that the statement may bring the cryp...
SEC Proposes More Stringent Rules for Crypto Custody Providers
The SEC on Wednesday voted in favor of proposed amendments to federal regulations “to expand and enhance the role of qualified custodians.” The proposed changes would extend the scope of rules to incl...
Ripple SEC Battle Could Forever Alter the Regulatory Landscape
All eyes are on regulators in the United States at the moment as their war on crypto ramps up. The outcome of the Ripple case with the Securities and Exchange Commission could have a major impact on t...
Hester Pierce rises against the SEC for crypto’s existence
The US Securities and Exchange Commission is working hard to ensure that assets are covered by its authority to protect investors’ interests. If it comes into existence, the policy will extend the aut...
Forbes Takes Down Article “Why SEC Treats Ripple & Ethereum Differently”
Forbes Takes Down Article That Critiques SEC’s Treatment of Ripple. Unsurprisingly, it has sparked outrage within the XRP community. Forbes has unexplainably taken down an article by Senior Forbes Con...
Coinbase, BitGo, and Anchorage assert that they comply with SEC custody rules
Ad Coinbase and other crypto custody providers asserted on Feb. 15 that they will be able to operate under proposed changes to custodial rules. Coinbase endorses SEC’s efforts Today, the U.S. SEC vote...
Celsius to repay users; SEC may apply custody rules to crypto
Ad The biggest news in the cryptoverse for Feb. 15 saw Celsius announce that it plans to begin paying back eligible users. Elsewhere, the SEC has proposed expanding federal custody rules to the crypto...
Pro-Crypto Lawyer Predicts No Settlement in Ripple vs SEC Lawsuit
The legal battle between blockchain company Ripple and the US Securities and Exchange Commission (SEC) rages on, with neither side backing down. According to pro-crypto lawyer John Deaton, the case is...
Ripple v. SEC court case update as of February 16, 2023
The ongoing court case between Ripple and the United States Securities and Exchange Commission (SEC) has taken a new twist with increased activity around the sealed documents deemed crucial in arrivin...
Binance Stablecoin Outflows Top $1B as BUSD Supply Shrinks
Binance USD (BUSD) has given up millions in supply as the Securities and Exchange Commission (SEC) flagged plans to sue the stablecoin’s issuer Paxos as part of its crypto regulation tightening. Paxos...
Coinbase Already in Line With SEC Proposal, Argues Company CLO
Yesterday, the SEC proposed new rules for crypto companies acting as qualified custodians for institutional funds. The push for this change in legislation is due to the recent failures of crypto platf...
How the SEC Is Letting Crypto Down – Op-Ed Bitcoin News
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After ...
Stablecoin Markets Pick Winners and Losers Ahead of SEC Paxos Lawsuit
While the Securities and Exchange Commission’s lawsuit against Binance stablecoin issuer Paxos creeps forward, a growing list of crypto policies appear poised to be set in courtrooms. Even as those di...
Binance Coin forms golden cross amid SEC settlement hopes
Binance Coin (BNB/USD) price formed a golden cross pattern after the latest news of a settlement with American regulators. BNB rose to a high of $328, which was much higher than this week’s low of $28...
Charles Gasparino Says SEC Wants to “Cut Off” Crypto After FTX Debacle
Godfrey Benjamin Charles Gasparino says SEC’s new disposition toward crypto is fueled by FTX Media personality and Fox Business Network’s Senior Correspondent Charles Gasparino has shared ...
Attorney Deaton Reiterates That Ripple and SEC Will Not Settle
Pro-crypto lawyer John Deaton has reiterated that there will be no settlement in the lawsuit between Ripple and the SEC. In a tweet today, attorney Deaton made reference to a January 1 tweet where he...