US SEC – DIGIT INFO

Trump follows through on crypto promise, SEC pushes back against Binance: Law Decoded

DIGIT — Mon, 09 Dec 2024 19:00:00 +0000

Donald Trump has nominated Paul Atkins, a pro-crypto former SEC commissioner, to replace Gary Gensler as SEC chair.

XRP’s Meteoric Rise Overshadowed by XLM’s Stunning 483% Surge

DIGIT — Mon, 02 Dec 2024 22:03:37 +0000

XLM has significantly outperformed XRP in the past 30 days, despite having a lower market capitalization. XRP Rises on Investor Optimism While XRP has surpassed tether (USDT) to become the third-largest digital asset, its performance over 30 days trailed behind its perceived rival, XLM. According to data from Coingecko, the U.S. dollar value of XLM […]

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Crypto Attorney Jake Chervinsky Explains the Bear Case for a Spot Ether ETF Approval in May

DIGIT — Tue, 12 Mar 2024 21:46:03 +0000

Jake Chervinsky, CLO of Variant, a crypto-focused venture capital firm, explained that he was pessimistic about U.S. regulators approving a spot ether ETF this May. Chervinsky stated that the SEC’s combative attitude, willingness to go to court to fight this kind of approval, and lack of details on the initiative, signaled a bad outcome for […]

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SEC Commissioner Hester Peirce States Proposed Amendments to Definition of ‘Exchange’ Render Innovation ‘Kaput’

DIGIT — Mon, 17 Apr 2023 22:00:53 +0000

Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), has issued her opinion on the recent attempts of the institution to change the definition of “exchange” under the Exchange Act Rule. According to Peirce, the institution is now expanding its reach to solve “problems that do not exist,” stifling innovation in the […]

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SEC Sues Tron Founder Justin Sun for Market Manipulation and Offering Unregistered Securities

DIGIT — Wed, 22 Mar 2023 21:10:26 +0000

The U.S. Securities and Exchange Commission (SEC) has taken action against Justin Sun, the founder of Tron, and the Tron Foundation, issuing charges for offering unregistered securities and market manipulation. Additionally, a group of influencers have been charged by the organization for promoting tron without disclosing that they were being compensated for their endorsements. Tron […]

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Binance Expects to Pay Fines to Settle With US Regulators for Past Conduct: Report

DIGIT — Sat, 18 Feb 2023 04:00:14 +0000

Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company’s chief strategy officer reportedly said. When Binance began its business, the company was unfamiliar with the rules it needed to comply with in the U.S., the executive explained. Binance Plans to Settle With […]

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Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra UST as ‘Safe’

DIGIT — Mon, 13 Jun 2022 17:30:46 +0000

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 […]

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Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts

DIGIT — Sun, 08 May 2022 06:00:56 +0000

On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now gain access the crypto investment products in order to get exposure to bitcoin or ethereum without actually owning the digital currencies. In Addition to Cryptos, Robinhood Adds Grayscale’s GBTC and […]

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Crypto Lender Nexo Terminates Interest Payments on New Deposits From US Clients

DIGIT — Mon, 21 Feb 2022 05:30:03 +0000

Following the U.S. Securities and Exchange Commission (SEC) charging the crypto lending platform Blockfi with failing to register its retail crypto lending product and fining the firm $100 million, the crypto lender Nexo has announced it will no longer allow U.S. citizens to earn interest on new savings wallet top-ups. However, Nexo customers from the […]

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Coinbase Publishes Proposal for Crypto Regulation Pushing 4 Core Recommendations

DIGIT — Sun, 17 Oct 2021 23:00:33 +0000

Cryptocurrency exchange Coinbase has published its proposal for crypto regulation after “more than 75 meetings with stakeholders in government, industry, and academia,” CEO Brian Armstrong revealed. In its Digital Asset Policy Proposal, the company recommends “four core pillars to inform future U.S. regulation.” Coinbase’s Proposal for Crypto Regulation The Nasdaq-listed cryptocurrency exchange Coinbase published its […]

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