Tag Archives: SECs

Following a recent lawsuit against prominent crypto exchange KuCoin, Caroline D. Pharm, a Commissioner at the Commodity Futures Trading Commission (CFTC) has warned that the agency may be infringing on the Securities and Exchange Commission’s authority in regards to securities trading. This development comes as both financial regulators continue the …

Recently, Coinbase’s chief legal officer (CLO) Paul Grewal criticized a US court ruling in favor of the Securities and Exchange Commission (SEC). The judge labeled certain crypto assets traded on secondary markets as securities. The ruling is part of the insider-trading lawsuit against Coinbase’s former product manager and some of …

According to a recent report by the global law firm Norton Rose Fulbright, the US Securities and Exchange Commission (SEC) is set to step up its enforcement approach to the nascent crypto industry in 2024. The report emphasizes that the SEC will continue its “aggressive pursuit” of cases and enforcement …

In a recent development, VanEck, a registered investment adviser and issuer of Bitcoin Exchange Traded Funds (ETFs), has settled with the US Securities and Exchange Commission (SEC).  The company has agreed to pay a civil penalty of $1.75 million to settle charges related to its failure to disclose the involvement …

Following the recent dismissal of the case against crypto firm Digital Licensing by the US Securities and Exchange Commission (SEC), a group of US Senators have sent a letter to the agency’s chair, Gary Gensler, expressing concerns about the handling of the case. SEC’s “Unethical” Proceedings In Crypto Case On …

Prometheum, an “alternative” trading platform for crypto “securities” assets, has recently announced the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization.  Fortune Magazine reported that the company’s strategy is to compel regulators, particularly the …

In a highly anticipated court hearing on January 17, the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Coinbase, the US-based cryptocurrency exchange, took a dramatic turn.  Coinbase argued that the tokens traded on its platform should not be considered securities, which could positively impact the …

However, Robinhood CEO emphasized that even though the value of cryptocurrencies like Bitcoin is rising, they are still complicated and risky Robinhood, a popular app for trading stocks and cryptocurrencies, has announced its plans to take swift action in listing spot Bitcoin exchange-traded funds (ETFs)  following the approval by the …

US Securities and Exchange Commission (SEC) lawyers have issued an apology to a judge for misrepresenting facts in a case involving a crypto firm.  The SEC lawyers expressed deep regret and acknowledged their errors in securing a restraining order and asset freeze against Digital Licensing Inc., also known as DEBT …

Coinbase described the SEC’s actions in its appeal letter as arbitrary and capricious, an abuse of discretion, and contrary to law, in violation of the Administrative Procedure Act. Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) is continuing its efforts to ensure the introduction of a clear regulatory framework for cryptocurrencies …

As anticipation builds for the long-awaited approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC), an encouraging sign has emerged, further increasing the likelihood of approval.  The SEC issued an investor alert regarding “crypto asset securities,” prompting speculation that the spot Bitcoin ETF may be …

The Securities and Exchange Commission has held increasing sway over cryptocurrency markets. Its influence has grown along with a series of lawsuits against crypto firms beginning in 2020. However, a number of court decisions favorable to the defendants in the Ripple lawsuit have tested the limits of the commission’s power. …