Ad The U.S. Securities and Exchange Commission (SEC) enforcement division has issued a Wells notice to Paxos — The Wall Street Journal (WSJ) reported, citing anonymous sources. A Wells notice is a for...
Tag: SEC
Stablecoin Issuer Paxos Faces SEC Wrath Over Binance USD
According to reports on Feb. 12 citing ‘people familiar with the matter,’ the SEC plans to take action against Paxos over the Binance stablecoin, BUSD. The WSJ report stated that the financial regulat...
Cardano (ADA) Founder Calls SEC Head’s Staking Appeal Lie, Here’s Why
Cardano founder and renowned blockchain developer, Charles Hoskinson, reacted in a negative manner to a speech by the U.S. Securities and Exchange Commission head, Gary Gensler, regarding crypto regul...
SEC to File Lawsuit Against Paxos for Issuing Binance USD
17 mins ago | 2 mins read Exchange News As per reports, the SEC sent out a letter to Paxos. According to the SEC, BUSD is an unregistered security. The U.S. Securities and Exchange Commission (SEC) in...
Crypto Staking Services in US Under Threat of SEC Intervention
Crypto staking services in the United States are under threat. The Securities and Exchange Commission has made staking the latest enemy of traditional finance, but some companies intend to fight back....
SEC Drops the hammer on Paxos – Sues The Exchange Over Binance Stablecoin
The United States Securities and Exchange Commission (SEC) has informed Paxos Trust Co. that it intends to sue the company for violating investor protection laws. This move comes as part of the SEC’s ...
Paxos facing SEC lawsuit over Binance USD — Report
The United States Securities and Exchange Commission (SEC) has reportedly told stablecoin issuer Paxos Trust Co. it’s planning to sue the firm for violation of investor protection laws in relati...
US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles – Bitcoin News
A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims ...
Bitcoin treads water under US$22,000 following SEC action on Kraken, Ether falls
Bitcoin was little changed in Monday morning trading in Asia in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization. Bitcoin traded under US$22,000 after the U.S.-b...
SEC Chair Gary Gensler Called Out by House Representatives Over FTX
The chairman of the Securities and Exchange Commission, Gary Gensler, has been criticized by two members of the United States House Financial Services Committee “regarding the timing of the char...
SEC Enforcement Is the Wrong Way to Regulate Crypto
Gensler and his defenders might counter that he has consistently warned that most, if not all, tokens are securities. But the industry’s gripe goes beyond that. It’s that, other than the occasional pu...
crypto community supports Turkey and Syria, SEC goes after Kraken, FTX desperate for funds
The past week in crypto saw various charitable acts, regulatory developments, and market fluctuations. The cryptocurrency community demonstrated its philanthropic spirit by participating in several ef...
Republican Congressmen Call Out SEC’s Gensler in FTX Records Request
Two Republican congressmen are the latest US politicians to join a growing chorus of those urging the SEC to share details around its correspondence with FTX founder Sam Bankman-Fried and the Justice ...
House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest – Bitcoin News
On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (S...
Ripple CEO Brad Garlinghouse Says US Desperately Missing Crypto Regulatory Leadership Amid SEC Clampdown
The chief executive of payments firm Ripple Labs says that the US badly needs leadership in crypto regulation. According to Brad Garlinghouse, the US is falling behind other nations when it comes to p...
SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool
The United States Securities and Exchange Commission is ramping up pressure on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken over the centralized staking program i...
Is XRP WORTHLESS? 2023 will be Decisive in the Ripple SEC dispute
The XRP coin is also one of the most important and popular cryptocurrencies on the market in 2023. XRP has worked hard for this position in recent years. The Ripple network has continued to grow in re...
US Congress asks SEC to release details on interactions between FTX, its founder, and DoJ
Representatives McHenry and Huizenga of the US House Financial Services Committee have voiced their concerns about the cooperation between the United States Securities and Exchange Commission (SEC)and...
Kraken agrees to shut crypto staking in the US and pay a $30m fine to the SEC
Join Our Telegram channel to stay up to date on breaking news coverage The recent rumors said that the US authorities are planning to crack down on staking in the country, as they are beginning to vie...
US lawmakers question SEC chair on timing of Sam Bankman-Fried’s arrest
Two members of the United States House Financial Services Committee have call out Securities and Exchange Commission Chair Gary Gensler “regarding the timing of the charges filed against FTX founder S...
When Tokenomics Turn Predatory, or How To Spot the Wolf
Aptos led the January bull run with a 470% return for the month. With little on-chain activity and only $60 million in TVL, you may be asking why. Advocates argue that these gains were the result of e...
Coinbase Diversified Revenue With Staking — Now Comes The SEC
As crypto comes to terms with the SEC’s latest regulation by enforcement — suing and settling with Kraken over its staking services — its direct rival Coinbase seems destined to be adversely affected....
Kraken Questioned By The SEC Over The Sale Of Unregistered Securities
Join Our Telegram channel to stay up to date on breaking news coverage What – Kraken has appeared on the radar of the U.S. SEC due to its sale of alleged unregistered securities. Why – The crypto exch...
Ripple Winning in SEC Lawsuit Would Be Bigger Than Settlement, Crypto Lawyer Gives Reasons
Speculation about a Ripple settlement with the SEC started to swirl around after FOX Business journalist Eleanor Terrett hinted that the regulator might soon make a big announcement. However, it turne...
Commissioner Peirce breaks with SEC over Kraken enforcement
Commissioner Peirce published a statement on Thursday explaining her opposition to the SEC’s shutting down of Kraken’s staking program. Longest serving commissioner Hester Peirce is one of the current...
Nexo will stop its Earn Interest Product for US clients in April
Following a settlement with the U.S. Securities and Exchange Commission announced last month, crypto lending platform Nexo will stop its Earn Interest Product for all U.S. clients, which include both ...
SEC Chair Gary Gensler Warns Crypto Companies
After the United States Securities and Exchange Commission revealed that it had reached a settlement with the cryptocurrency exchange Kraken, the chair of the SEC, Gary Gensler, issued a warning to cr...
Ripple (XRP) Price Prediction 2025-2030: SEC verdict keeps XRP on tenterhooks
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. Ripple (XRP) is a cryptocurrency ...
Kraken Trading Volume up 20% Despite SEC Crackdown: Here’s What’s Happening
American multinational digital currency trading platform Kraken has seen a jump in its trading volume despite having fallen into the crosshairs with the United States Securities and Exchange Commissio...