John Deaton, a prominent member of the cryptocurrency legal community and an advocate for XRP, has identified the primary risk that Ripple faces as a result of the SEC lawsuit. This observation comes...
Tag: SEC
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’ – Regulation Bitcoin News
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lendin...
The SEC Smashes a Buzzer in Crypto Industry
The United States Securities and Exchange Commission (SEC) has made it clear that the majority of crypto services and products are categorized under securities. The SEC remains bold in crypto regulati...
US crypto regulation on track despite recent SEC enforcement actions
Ad Despite recent SEC enforcement actions against Kraken and Paxos, Jeff Zelkowitz, Executive Vice President at APCO Worldwide, said there is appetite and willingness among U.S. lawmakers to “get some...
gm Week in Review: SEC Targets Staking, a16z Doesn’t Get Its Way, NFTs Popping
gm Week in Review: SEC Targets Staking, a16z Doesn’t Get Its Way, NFTs Popping In our February 11, 2023 week in review episode, Matthew Diemer, Stacy Elliott, and Stephen Graves talk about the latest ...
SEC plans to propose new rule changes that could impact crypto firms
According to recent reports, the United States Securities and Exchange Commission (SEC) intends to propose new regulation changes this week that might have an effect on the kind of services that crypt...
Ripple forced SEC to accept that XTP is a software code and no unregistered Security: Report
Ripple, the San Francisco-based fintech company, has been embroiled in a legal battle with the US Securities and Exchange Commission (SEC) over the classification of its cryptocurrency, XRP. However,...
Gensler opens new regulatory front for crypto firms: custody
SEC Chair Gary Gensler signaled an escalation to his post-FTX crackdown on the crypto industry on Wednesday, saying that digital asset firms are in broad violation of current custodial rules meant to ...
BUSD Is Under Attack. Are USDC and USDT Next?
Though regulatory actions against stablecoin issuer Paxos come amid a crackdown of the space after a wild 2022, some say the impact on competitors may be limited. Other industry participants are...
SEC Cracking Down on Cryptos! Will XRP soon be history?
The XRP coin has been on the brink for about 2 years. The legal dispute with the US authority SEC could soon result in massive penalties for Ripple Labs, which should cause massive damage to the coin ...
Circle squashes rumors of planned SEC enforcement action
USD Coin (USDC) issuer Circle has denied rumors that it received a “Wells Notice” over its United States dollar-pegged stablecoin. On Feb. 14, a now-deleted tweet from Fox Business reporter Eleanor Te...
SEC custody rule change threatens crypto firms
The Securities and Exchange Commission (SEC) is proposing a modification to the custody rule for investment advisors holding client assets that would reduce choices for advisors managing cryptocurrenc...
Judge Halts SEC, CFTC Cases Against Bankman-Fried Until Criminal Trial Concludes
Civil proceedings from the SEC and CFTC against disgraced crypto founder Sam Bankman-Fried have been deferred until the former CEO’s criminal case is concluded. On February 7, U.S. Attorney for the So...
SEC Chair Gensler’s new proposal tightens crypto custody restrictions
Securities and Exchange Commission chairman Gary Gensler on Wednesday proposed sweeping changes to federal regulations that would expand custody rules to include assets like crypto and require compani...
Cardano Founder Says SEC Can’t Destroy Crypto
Mark Cuban and Cardano Founder Criticize SEC Over Adverse Crypto Enforcement Actions. Hoskinson and Cuban react to SEC’s recent clampdown on crypto staking. Following the SEC’s clampdown on crypto sta...
SEC Planning New Rule Change for Crypto That Makes It Harder for Hedge Funds To Work With Industry: Report
A new proposal from the U.S. Securities and Exchange Commission (SEC) is reportedly going to make it more challenging for hedge funds to work with the crypto industry. According to Bloomberg, the SEC ...
SEC to vote on rule that would tighten crypto custody requirements
The Securities and Exchange Commission will vote on a rule that would raise requirements for how registered investment advisers custody assets — including crypto. The agency will vote on propo...
How will its price react to SEC case aftermath?
Investors are keeping a careful check on the price of XRP as the cryptocurrency world awaits the conclusion of the Ripple v. the US Securities Exchange Commission (SEC) lawsuit. If the lawsuit is dec...
USDC: has Circle been blocked by the SEC?
Yesterday, news broke that the SEC had ordered Circle to stop issuing new USDC tokens. The news was based on rumors from anonymous sources, and was later denied by those directly involved. However, th...
The SEC Goes After Unregistered Securities
Getty Images Key takeaways The SEC has recently escalated its campaign against unregistered securities, which they claim put investors in risky situations without enough transparency Kraken has shut d...
Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report
After 20 days of holding the $22,500 support, Bitcoin (BTC) price finally broke down on Feb. 9. Bullish traders had placed their hope on a sustained rally, but this has been replaced by a tight tradin...
SEC’s ‘Lack of Clarity’ Latest Target for Twitter’s ‘Crypto CFA’
Ram Ahluwalia has a thing or two to say about crypto. The self-styled “crypto CFA” has carved out an influential industry niche, tweeting out lengthy threads with a tendency to pull off one all-...
Largest Ethereum Staker Warns of Consequences of SEC Regulation After ‘Dissapointing’ Enforcement Action: Report
An executive at the largest Ethereum (ETH) staking service is reportedly outlining the possible consequences of upcoming US regulatory decisions on the heels of recent crackdowns on the crypto industr...
CZ tackles Paxos, BUSD issues; Circle denies getting Wells notice from SEC
Ad The biggest news in the cryptoverse for Feb. 14 saw Binance CEO Changpeng Zhao address various issues related to Paxos and the BUSD stablecoin. Meanwhile, Circle denied that the U.S. SEC has served...
Web3 legal expert says Ripple has ‘three-year headstart’ towards a resolution in SEC lawsuit
The ongoing legal tussle between the United States Securities and Exchange Commission (SEC) and Ripple is touted to have a long-term effect on the future of the crypto industry. In this line, Jesse Hy...
Paxos Says It’s ‘Prepared to Vigorously’ Fight SEC Lawsuit
Paxos confirmed Monday it received a Wells Notice from the Securities and Exchange Commission, stating it’s prepared to take on the agency and any enforcement actions related to stablecoin Binance USD...
USDC Issuer Circle Refutes SEC Enforcement Action FUD
Following the SEC crackdown on Kraken last week and its subsequent threat of action against BUSD issuer Paxos, rumors have been flying about Circle being next. Crypto Twitter was awash with unfounded ...
How the SEC Could Reshape Ethereum’s Staking Landscape for the Better
“I think this is good for decentralization,” said Ben Edgington, a product manager at Ethereum research and development firm ConsenSys. On a proof-of-stake network like Ethereum, one’s stake equates t...
Circle denies that SEC sent any Wells notice
Ad Circle, which issues the USDC stablecoin, has denied that it has received a Wells notice. That denial was recorded in a tweet by CSO Dante Disparte on Feb. 14. Disparte wrote: “Circle has not recei...
South Korean Regulators Keeping Eye On Ripple Vs SEC Lawsuit
Authorities in South Korea are closely monitoring the Ripple vs SEC lawsuit. The verdict in the case might have an effect on national regulation. A ruling in the Ripple vs SEC litigation is anticipate...
Maker Price Soares 7% On The Back Of Multiple SEC Enforcements
Join Our Telegram channel to stay up to date on breaking news coverage The crypto market was shaken at the start of the week as the US Securities Exchange Commission (SEC) took multiple enforcement ac...