SEC

SEC

SEC Brings Enforcement Action Against Alleged $6.9M Ponzi Scheme

Shawn Cutting allegedly claimed to be an experienced financial adviser to raise funds from over 450 investors.

News  ·  11 March 2021
CoinFlash

Planned ETF Would Invest in Grayscale’s GBTC to Sidestep SEC’s Crypto Reluctance

Up to 15% of the fund would be invested in bitcoin, solely through the Grayscale Bitcoin Trust.

Markets  ·  11 March 2021
SEC

US Lawmakers Introduce Bill to Clarify Crypto Regulations

The proposed bill would create a working group to evaluate U.S. cryptocurrency regulations with input from the SEC and CFTC.

Policy & regulation  ·  9 March 2021
Lawsuits

Ripple’s Chris Larsen Files Motion to Dismiss SEC Case Over XRP Sales

Larsen's lawyers say the SEC has failed to show he knowingly committed any wrongdoing.

Policy & regulation  ·  4 March 2021
Wallets

Crypto Wallet Exodus Seeks SEC Permission to Tokenize Shares, Aims for $75M Raise

Under the terms of an SEC Reg A+ offering, Exodus will accept bitcoin, ether and USDC, and sell equity tokens for $27.42 apiece.

Business  ·  3 March 2021
SEC

Gensler Straddles Innovation and Enforcement in Senate Hearing

Gary Gensler was careful to strike a balance between emphasizing regulating suspicious behavior as well as encouraging new innovations.

Policy & regulation  ·  2 March 2021
Newsletters

State of Crypto: How SEC Chair Gary Gensler Could Differ From Predecessor Jay Clayton

Gary Gensler will testify before the U.S. Senate Banking Committee today for a confirmation hearing on his nomination to lead the SEC.

Policy & regulation  ·  2 March 2021
Regulation

Thai SEC Backtracks on Unpopular Proposal for New Crypto Investor Qualifications

Thailand's SEC now says it didn't mean it when it proposed a $33,000 minimum annual income for new crypto traders.

News  ·  2 March 2021
Regulation

3 US Regulators Probing Robinhood’s Actions Amid GameStop Trading Craze

FINRA, the SEC and the New York Attorney General’s Office are all making enquiries with the trading app provider.

Policy & regulation  ·  27 February 2021
SEC

SEC Inspectors Outline Crypto Examinations Playbook in Compliance Notice

The notice did not appear targeted at any one instance of digital asset impropriety.

News  ·  26 February 2021
SEC

Musk Says He Hopes Rumors That He’s in the SEC’s DOGE House Are True

Should the rumor be true, evidence that the CEO has been a vocal booster of DOGE won't be hard to find.

News  ·  25 February 2021
DeFi

SEC’s Hester Peirce Says ‘Alluring’ DeFi Space Needs Legal Clarity

The commissioner sees DeFi as "a very good test" to see if regulators can regulate in a way that empowers investors and markets alike.

Policy & regulation  ·  23 February 2021
XRP

MoneyGram Puts Relationship With Ripple’s XRP on Hold

The money transfer company said it "is not planning for any benefit from Ripple market development fees" in Q1. In last year's Q1, MoneyGram banked $12.1 million in such fees.

Markets  ·  22 February 2021
Crime

Automated Crypto Investing App Coinseed Faces Fraud Charges in NY, SEC Lawsuits

Coinseed allegedly bilked investors of $1 million through false statements, hidden fees and a flopped token.

News  ·  17 February 2021
Newsletters

State of Crypto: Will 2021 Finally Be the Year of the Bitcoin ETF?

The market has matured since 2018, when bitcoin ETF applications last hit a peak. It's unclear whether that's enough to see one approved.

Policy & regulation  ·  16 February 2021