SEC charges Digital Currency Group for misleading investors
“DCG and Moro painted a misleadingly rosy picture,” the acting director of the SEC’s enforcement division, Sanjay Wadhwa, wrote. Go to Source
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“DCG and Moro painted a misleadingly rosy picture,” the acting director of the SEC’s enforcement division, Sanjay Wadhwa, wrote. Go to Source
As Gary Gensler prepares to announce his resignation, some SEC officials have said they will step down before Donald Trump’s inauguration. Go to Source
The U.S. Securities and Exchange Commission (SEC) has imposed a $38 million fine on Digital Currency Group (DCG), accusing the company of negligence in misleading investors about the financial stability of its subsidiary, Genesis Global Capital (GGC). SEC Alleges Misleading Practices by Digital Currency Group and Genesis Global Capital This case raises pressing questions about … Read more
With lawsuits still pending over Solana’s classification as a security, SOL ETFs will likely have to wait until next year for their debut. Go to Source
Crypto-friendly trading platform eToro has filed for a US IPO, reportedly targeting a $5 billion valuation with plans to expand by listing in New York soon. Go to Source
SEC chair warns most crypto tokens lack compliance and face uncertain futures, while bitcoin, compared to gold, stands as a speculative but enduring asset. SEC Chief: Bitcoin Sets the Standard While Crypto Tokens Face Tougher Laws Outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler defended his regulatory stance on cryptocurrency in an interview … Read more
The Securities and Exchange Commission is asking an appeals court to rule that XRP tokens sold to retail investors were unregistered securities as it continues its years-long case against Ripple Labs. Go to Source
Ripple is confident in its legal position as SEC leadership faces criticism for enforcement-heavy policies, with a pro-crypto regulatory shift on the horizon. Ripple: Confident and Thriving as a New Era of Crypto Regulation Dawns Ripple executives have taken aim at U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, criticizing his regulatory approach and … Read more
The U.S. Securities and Exchange Commission (SEC) has escalated its legal battle with Ripple, filing an appeal to contest portions of a district court ruling that categorized the XRP token differently based on whether sales were made to institutional investors or retail participants. SEC Takes XRP Ruling to Appeals Court Ripple’s leadership, however, has dismissed … Read more
Two of the three Democratic commissioners at the SEC will be leaving before Donald Trump takes office on Jan. 20. Go to Source