Whistleblowers asked the SEC to investigate OpenAI over alleged illegal NDAs
The complainants called the matter “urgent,” but it remains unclear if the SEC will open an investigation. Go to Source
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Nigeria’s SEC advised to regulate Bitcoin, Ether as commodities
By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of these digital assets. Go to Source
Ripple vs. SEC: Ripple’s landmark victory one year later
While challenges remain, Ripple’s victory has set a precedent that could shape the future of the cryptocurrency industry for years to come. Go to Source
Federal Agencies Join Forces to Fight Crypto Scams
Several federal agencies, including the Federal Bureau of Investigation (FBI) and the U.S. Securities and Exchange Commission (SEC), convened at a Fraud Disruption Conference to combat crypto scams, particularly the “pig butchering” fraud that siphons billions from Americans annually. The meeting brought together over 300 officials from 15 federal agencies to strategize against this pervasive … Read more
Final signoff on spot Ether ETFs expected imminently, listings next week — source
Spot ETF issuers expect to receive final comments from regulators by early next week, and possibly as soon as July 12. Go to Source
SEC drops investigation of Bitcoin Stacks developer Hiro — filing
This is the second crypto investigation the U.S. securities regulator dropped this week. Go to Source
Hiro Systems Applauds SEC Decision to Close Stacks Investigation
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer, Hiro Systems, with no recommended enforcement actions. This investigation began in 2021 despite claims by network contributors that Stacks’ token sale was SEC-qualified. Hiro Systems praised the SEC’s decision, reaffirming its commitment to regulatory … Read more
SEC Ends Investigation Into Paxos: BUSD Declared Not A Security
The SEC has officially ended its investigation into Paxos, concluding that BUSD is not a security. Back in 2022, BUSD was a major player among stablecoins, boasting a market cap of about $23 billion. However, an investigation by the SEC led Binance to delist BUSD and remove it from all trading pairs. 🚨BREAKING: 🇺🇸 SEC … Read more
SEC Secures Default Judgments in $45 Million Coindeal Fraud Case
The U.S. Securities and Exchange Commission (SEC) announced this week that the U.S. District Court for the Eastern District of Michigan has issued default judgments against Garry Davidson and Linda Knott for their involvement in a fraudulent $45 million Coindeal scheme. Davidson and Knott were accused of deceiving investors with false promises of significant returns … Read more
CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities
During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman advocated for expanded regulatory powers to safeguard investors and maintain financial stability. He also referenced a recent court ruling that … Read more