Tag: SEC

The United States Security and Exchange Commission Chairman Gary Gensler commented on the recently long-awaited The Merge in the Ethereum network, which saw the network switch from proof-of-work to proof-of-stake. Gensler hinted that the upgrade would be sufficient to move ETH from its present legal classification into that of securities. Ethereum could soon classify as […]

American crypto advocacy group Chamber of Digital Commerce has called out the Securities and Exchange Commission (SEC) on its refusal to approve a spot-based Bitcoin Exchange-Traded-Funds (ETF).  According to the report released on Monday tagged ‘The Crypto Conundrum’, the time has come for investors in the United States to have access to a spot bitcoin […]

The Securities and Exchange Commission (SEC) is ready to get more serious in the cryptocurrency industry and enforce necessary regulations to oversee the activities of the digital assets ecosystem. During a legal conference on Thursday in Washington, it was revealed that the SEC plans to open a new office for cryptocurrency filings alone.  According to […]

Thailand Securities and Exchange Commission (SEC) has indicted the Thai unit of cryptocurrency exchange Zipmex and its Chief Executive Officer Akalarp Yimwilai in a case of non-compliance with an order.  According to a released report from the SEC, the regulator has filed a police complaint to the Technology crime investigation department of the Royal Thai […]

Brazil’s Securities and Exchange Commission otherwise known as CVM is seeking to make adjustments to the nation’s legal framework as it pertains to regulation in the crypto space.  As per a local media report, the current bill failed to properly define tokens. It’s unclear if tokens are considered digital assets or securities, and as such, […]

After monitoring the trading activities of the digital asset trading firm Bitkub Exchange, the Securities and Exchange Commission (SEC) of Thailand has imposed civil sanctions on its Chief Technology Officer Samret Wajanasathian.  According to the charges against him, he has committed an insider trading crime by buying the native coin of the exchange known as […]

Recognizing the Grayscale ‘securities law analysis’ of some firms, the United States Securities and Exchange Commission (SEC) has approached the investment asset manager for clarity about three of its trusts.  The three less-popular crypto trusts are Stellar (XLM), Zcash (ZEC), and Horizen (ZEN). Grayscale is in the process of responding to the queries issued by […]

Thailand’s leading universal Bank, the Siam Commercial Bank (SCB), has announced it is terminating its proposed $500 million deal to acquire crypto exchange firm Bitkub. According to the press release, Bitkub is resolving some issues as per the recommendations of the Securities and Exchange Commission (SEC) of Thailand. The uncertainty as regards the timeline for […]

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against the 2017 initial coin offering (ICO) of Dragonchain. All business entities related to or linked to the ICO and its founder John Joseph Roets were indicted via the lawsuit. Their involvement is because of the presale and ICO which created a return […]

On Wednesday, Ishan Wahi, the former product manager at the crypto exchange giant Coinbase, who was recently accused of being involved in insider trading with two other persons by the United States authorities, pleaded not guilty to the charges. As per a recent report by Reuters, Wahi pleaded not guilty in a Manhattan federal court after facing […]

Should the fate of Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC) lie in the hands of crypto investors, then his days in office may be numbered. This is because as many as 18,873 individuals have signed a petition sponsored by ‘AI from Boston’ seeking to oust him from office […]

Binance.US, the United States subsidiary of leading exchange Binance, has announced plans to delist the AMP token after claiming that the asset is a security.  As per the details shared in a Monday post, effective from August 15, 21:00 E.T the exchange will no longer offer the AMP for trade. The AMP/USD pair will also […]

The United States Securities and Exchange Commission (SEC) has charged 11 people who allegedly were part of the $300 million Forsage global crypto scam.  These 11 individuals were, directly and indirectly, involved in creating and promoting the Forsage platform, which according to the SEC is a “fraudulent crypto pyramid and Ponzi scheme”.  The $300 million […]

The United States Commodity Futures Trading Commission (CFTC) has decided to hire crypto venture fund Pantera Capital’s legal counsel Joe Cisewski as chief of staff and senior counsel. Announcing the decision on Tuesday, CFTC commissioner Goldsmith Romero cited Cisewski’s expertise in the digital assets sector and 14 years of experience working with the CFTC, Securities […]

The United States Securities and Exchange Commission (SEC) is apparently looking into crypto exchange Coinbase on the basis that it allowed Americans to trade unregistered securities. The recent fight between Coinbase and the U.S. SEC The regulator was looking into some of the coins featured on the exchange, according to a Monday Bloomberg report. Seven cryptocurrencies […]

The United States Securities and Exchange Commission (SEC) has repeatedly refused to turn in the emails related to the drafted 2021 speech from Willian Hinman. In the speech, it was reportedly stated that Ethereum (ETH) which is the second largest cryptocurrency by market capitalization is not a security. SEC has been in a fight with […]

The United States Securities and Exchange Commission and Attorney’s Office for the Southern District of New York have recently charged a former product manager at Coinbase, Ishan Wahi, and two others in the first-ever crypto insider trading tipping scheme, as TheCoinRise reported. On Thursday, U.S. Attorney Damian Williams charged the individuals for allegedly misusing Coinbase’s confidential information […]

The United States Securities and Exchange Commission (SEC) chair Gary Gensler recently said that the financial authority addition might tailor disclosures to accommodate crypto companies. While talking to a crypto reporter at Yahoo Finance, Gensler talked about crypto regulations. When asked about his thoughts on crypto lender Celsius Network’s meltdown, he said that a firm promising 2-20% yields […]