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CFTC Commissioner Caroline Pham took issue with the SEC labeling certain crypto assets as securities in an example of “regulation by enforcement.” Go to Source Powered by WPeMatico
According to a Securities and Exchange Commission (SEC) judgment, Jimmy Gale Watson, a former associate of the now deceased John McAfee, has been fined for being paid to promote pump and dump-fashioned initial coin offerings (ICOs). The SEC has ruled that Watson must pay roughly $375K in penalties and he’s not allowed to participate in … Read more
The SEC has argued that the documents should be protected because Hinman wrote the speech as a “personal errand,” but the judge didn’t buy it. Go to Source Powered by WPeMatico
Plaintiffs claim that Solana’s SOL token is a centralized security with insiders profiting immensely while retail traders got rekt. Go to Source Powered by WPeMatico
Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state. Go to Source Powered by WPeMatico
“Like a hammer wanting everything to be a nail, the SEC is keeping everything murky so it can argue every crypto is a security,” claims Ripple general counsel Stu Alderoty. Go to Source Powered by WPeMatico
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last few years. The lawsuit accuses Binance US of marketing … Read more
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Binance’s BNB token, which could be an unregistered security. If the cryptocurrency is found to be a security, it could put Binance in a similar position to Ripple Labs which has been in an ongoing lawsuit with the SEC over the sale of the XRP … Read more
FTX US announced on Thursday that the firm has launched an equities trading platform called FTX Stocks which will give U.S.-based customers the ability to purchase stocks and exchange-traded funds (ETFs). The launch is currently in a private beta phase for select U.S. customers and equities can be purchased with fiat-backed stablecoins. FTX US Launches … Read more
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says cryptocurrency exchanges are “trading against their customers often because they’re market-marking against their customers.” He has raised concerns over crypto trading platforms “commingling” services. SEC Chair Gensler on Crypto Exchanges Trading Against Customers SEC Chairman Gary Gensler said in an interview with … Read more
