Tag: Securities and Exchange Commission

Ripple got a partial victory against the SEC as Judge Analisa Torres said that the XRP tokens sold to retail investors are not securities.

President Joe Biden has renominated anti-crypto Commissioner Caroline Crenshaw as part of the United States SEC

The SEC said that the NYSE Arca had proposed a rule change to allow it to list and trade shares of the ProShares Ethereum ETF.

On May 23, the SEC approved eight 19b-4 filings to list spot Ether ETFs on various U.S. exchanges but the approval of S-1 filings is pending.

Despite the softer tone on securities classification, SEC Chair Gary Gensler maintained a critical view of the crypto industry.

The decision to shut down the Salt Lake office follows significant staff attrition, according to a June 4 notice from the SEC. 

In a filing with the U.S. Court of Appeals on May 31, Coinbase accused the SEC of aiming to “choke” the burgeoning digital asset industry.

US President Joe Biden has vetoed a resolution aimed at overturning the SEC Staff Accounting Bulletin (SAB) No. 121. 

The Coinbase legal team asserted that the SEC is attempting to sidestep the Howey test, a claim that might affect the boarder market.

If the S-1 forms are signed off as expected, analyst predicts that spot Ether ETFs will attract 20% of the inflows seen by spot Bitcoin ETFs.

The SEC approving spot Ether ETFs coincides with the US House of passing the Financial Innovation and Technology for the 21st Century Act. 

Uniswap Labs labeled the SEC's case as "weak" and "wrong," particularly objecting to the SEC's approach of treating all tokens as securities.

According to Mark Cuban, assigning all crypto regulation to the Commodities Futures Trading Commission (CFTC) would be a better option.

Robinhood Q1 performance exceeded industry expectations, with reported revenue of $618 million, beating a $534.5 million estimate.

The Biden administration highlighted the importance of SAB 121 in addressing technological, legal, and regulatory risks.

SEC Chair Gary Gensler noted that despite the disparity in market size, crypto often dominates discussions and media coverage.

Rostin Behnam did not specify whether the CFTC or Securities and Exchange Commission (SEC) would lead the enforcement actions.

Terraform proposed that $1 million in civil penalties would be "far more appropriate" than the SEC's multibillion-dollar proposal.

June 22, 2024

Top US Rapper 50 Cent has seen a major exploit of..

June 22, 2024

Bitcoin's blockchain bandwidth usage has surged past 90% following the recent..

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