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The SEC has taken action against three companies owned by Chinese Billionaire Guo Wengui for commingling the proceeds from two unregistered securities offerings. Go to Source Powered by WPeMatico
“Under our laws, they have to register with the Commission unless they qualify for an exemption,” said Gary Gensler. Go to Source Powered by WPeMatico
El Salvador’s effects, Coinbase’s woes, and the digital euro’s prospects. Go to Source Powered by WPeMatico
On Friday, Grayscale Investments, the world’s largest digital currency asset manager in terms of assets under management (AUM), revealed that three trusts have been filed with the Securities and Exchange Commission (SEC) in order to become SEC reporting companies. The three trusts include individual crypto asset products such as the bitcoin cash trust, the litecoin … Read more
The SEC alleged that some of the proceeds from the offering were used to give the founder a bonus of $1 million and a loan of $2.5 million which he used to purchase a house in the Cayman Islands. Go to Source Powered by WPeMatico
Dydx, a decentralized exchange, finally unlocked its airdrop rewards for users. Its governance token, dydx, was locked due to airdrop restrictions since the protocol announced its distribution on August 3rd. Since its release the price has skyrocketed, giving some of the more active users on the platform more than $50K worth of dydx. However, some … Read more
The Celsius CEO is also seeking clarity for similar products while Mark Cuban advises going on the offensive. Go to Source Powered by WPeMatico
A former federal prosecutor says that the U.S. Securities and Exchange Commission (SEC) “will stop at nothing to control the entire crypto space.” The SEC has now threatened to sue the Nasdaq-listed crypto exchange Coinbase. The regulator is already in an ongoing lawsuit with Ripple Labs and its executives. SEC Going After Entire Crypto Space, … Read more
“They refuse to tell us why they think it’s a security, and instead subpoena a bunch of records from us,” said Brian Armstrong after he revealed that the SEC threatened to sue Coinbase. Go to Source Powered by WPeMatico
Huobi’s operations in Thailand have been suspended by local authorities after it allegedly failing to comply with local regulations. Go to Source Powered by WPeMatico
