Binance exploded onto the crypto scene in 2017 and grew into the world’s biggest digital-currency exchange. It quickly ran into a problem. It largely operated from hubs in China and then Japan, yet a ...
Tag: securities and exchange commission
Congress Needs To Act On Crypto But The Senate Is Way Behind
Businessman is holding a bitcoin as part of a business network, Cryptocurrency blockchain … [+] connection, Technology and financial investment background concept. getty On February 8th, the Hou...
Mormon Church Will Pay Millions In SEC Settlement Over Investment Portfolio Allegedly Saving For ‘Second Coming Of Christ’
Topline The federal Securities and Exchange Commission charged the Church of Jesus Christ of Latter Day Saints on Tuesday for violating federal tax laws, after a whistleblower revealed the church had ...
SEC bats down ARK’s and 21Shares’ second bitcoin ETF proposal
The Securities and Exchange Commission has rejected a spot bitcoin exchange-traded fund proposed by ARK Investment Management and 21Shares. The decision marks the second time ARK and 21Shares ...
Musk Calls Short Selling ‘Evil’ In Testimony Defending 2018 Tweet To Take Tesla Private
Topline Tesla’s billionaire CEO Elon Musk took the stand in San Francisco federal court Friday to defend a controversial 2018 tweet in which he said he would take the electric vehicle company private,...
Key financial regulators call for stronger licensing of crypto firms
Several key financial regulators in the U.S. cited issues with cryptocurrency firms and called for stricter licensing at a Friday meeting of the Financial Stability Oversight Council, a committee of U...
Activist Investors Are Putting Ideology Before Shareholder Value
Gas-fired power plant (AP Photo/Michael Sohn, File) Copyright 2022 The Associated Press. All rights reserved Under the leadership of Gary Gensler, the Securities and Exchange Commission (SEC) is empow...
Sam Bankman-Fried hires white-collar attorney who represented Ghislaine Maxwell
Sam Bankman-Fried is lawyering up (again) after his crypto exchange came crashing down. The former FTX CEO hired white-collar attorney Mark Cohen, a spokesperson for Bankman-Fried confirmed. Th...
Crypto lender Nexo says it’s leaving the U.S., cites regulatory ‘dead end’
Facing a phalanx of regulators, cryptocurrency lending platform Nexo says it is “phasing out” the U.S. side of its operations. In a statement announcing a “gradual” depa...
Prosecutors investigated FTX for months before collapse: Bloomberg
The U.S. Attorney’s Office for the Southern District of New York was investigating FTX months before the crypto exchange filed for bankruptcy protection, Bloomberg reported. Prosecutors were spe...
Gensler says FTX collapse is ‘part of a pattern’ in crypto markets
Gary Gensler, chairman of the Securities and Exchange Commission, said that Tuesday’s sudden FTX collapse is part of a wider trend in digital assets. “What we’ve seen in the last tw...
U.S. regulators investigating FTX’s handling of customers funds, relationship with FTX.US: Bloomberg
Officials at the Commodity Futures Trading Commission and the Securities and Exchange Commission are investigating crypto exchange FTX, according to a Bloomberg report. The inquiry is focused on...
What Kim Kardashian And Kanye West Can Tell Us About Financial Market Regulation
Hand is turning a dice and changes the direction of an arrow symbolizing that the value of the … [+] crypto currency Ethereum (ETH) is going up (or vice versa) getty The week after the Securitie...
SEC Fines Oracle $23 Million, Says Company Bribed Foreign Officials
Topline Oracle will pay about $23 million to the Securities and Exchange Commission for allegedly providing impermissible benefits to government officials in several countries, regulators announced Tu...
SEC Charges Three Men With Fraud Over $100 Million New Jersey Deli
Topline The Securities and Exchange Commission charged three men on Monday with artificially inflating the share price of a company that’s only asset was a deli in suburban New Jersey, notoriously pus...
Proof of security? Gensler eyes proof of stake after The Merge
Ethereum’s successful shift from proof of work to proof of stake was a public relations win for the cryptocurrency thanks to dramatically shrinking the network’s energy consumption. But the most infl...
Robinhood shares up 9% as SEC reportedly scraps plan to limit PFOF deals
Robinhood shares soared at the open on Thursday following news that the U.S. Securities and Exchange Commission (SEC) won’t limit it in making payment-for-order-flow (PFOF) deals. Shares in the ...
Sparkster and its CEO to pay ‘harmed investors’ $35 million in SEC settlement
Crypto firm Sparkster and its CEO Sajjad Daya agreed to pay more than $35 million in a settlement with the U.S. Securities and Exchange Commission (SEC) over an “unregistered crypto asset offeri...
Crypto investment advisor faces SEC fraud charges after raising $4.3 million
The U.S. Securities and Exchange Commission filed fraud charges on Thursday against a crypto advisor who raised close to $4.3 million from four investors. The SEC alleged that Gabriel Edelman fraudule...
Grayscale files for rights to ETHPoW tokens after The Merge
Grayscale Investments has the rights to Ethereum Proof of Work tokens as a result of The Merge, and may or may not distribute them to holders in the form of a cash disbursal, the asset manager said in...
Ethereum could face SEC scrutiny after The Merge: WSJ
Ethereum’s shift from proof of work to proof of stake may cause the Securities and Exchange Commission to take a closer look at regulating the cryptocurrency as a security, Chair Gary Gensler hinted o...
SEC could facilitate ‘different set of disclosures’ for crypto, Gensler says
The Securities and Exchange Commission could facilitate “a different set of disclosures” for crypto securities, SEC Chair Gary Gensler told Sen. Cynthia Lummis (R-Wyo.) on Thursday. “The entrepreneurs...
Multiple crypto regulators could ‘undermine’ securities rules
Securities and Exchange Commission Chair Gary Gensler cautioned that multiple federal agencies overseeing securities could “undermine” market regulation, during a regular oversight hearing of his agen...
Amid Lawsuit & Financial Woes, CFO Dies Falling From 18th Floor In Downtown Manhattan
One World Trade Center and the ‘Jenga Building’ in Tribeca (New York). Getty Images Key takeaways Gustavo Arnal, the CFO of Bed Bath & Beyond, fell to his death less than two weeks aft...
11 Charged In Alleged $300 Million Crypto Pyramid Scheme By Forsage
Topline U.S. authorities charged 11 people in an alleged international cryptocurrency Ponzi and pyramid scheme that conned millions worldwide to invest more than $300 million on the Forsage platform, ...
The SEC’s Climate Proposal Sets Table For Netherlands-Style Farm Crisis In The U.S.
Farmers in The Netherlands are protesting its government push to remake traditional farms. Call it … [+] ESG policy run amok. Protests have spread to other countries now. Could this happen here?...
Coinbase Faces Huge Challenge — Which May Affect All of Crypto
In the middle of a crypto industry trying to take a breather after months of falling digital-currency prices, a bomb may be primed to explode. The market has lost more than $2 trillion due to a marke...
Biden Can Lower Gasoline Prices Now
On Saturday, as Americans were preparing for Independence Day celebrations, President Biden tweeted: “My message to the companies running gas stations and setting prices at the pump is simple: this is...
Elon Musk Appeals Judge’s Refusal To End Supervision Of His Tesla Tweets
Topline Elon Musk on Wednesday appealed a federal judge’s refusal to end an agreement between the Tesla CEO and the Securities and Exchange Commission, which requires oversight of his Twitter posts ab...
Federal Financial Regulators Prepare To Throttle US Oil Producers
Climate change protestors covered in fake blood gather around the Wall Street Bull during an … [+] Extinction Rebellion demonstration in New York in 2019. Climate activists have long criticized ...