SEC registrants seek DeFi and physically backed Bitcoin ETF approval

Crypto companies from the United States filed two registration statements with the Securities and Exchange Commission, seeking permission to sell exchange-traded funds (ETF) in relation to Bitcoin (BTC) and decentralized finance (DeFi). Atlanta-based investment company Invesco joined New York’s Galaxy Digital Funds to file and register Invesco Galaxy Bitcoin ETF, a trust with physically protected private… Continue reading SEC registrants seek DeFi and physically backed Bitcoin ETF approval

SEC vs. Ripple Case To Finally Establish How Much Authority The SEC Has Over Regulating The $2 Trillion Crypto Market

Key takeaways The outcome of the SEC’s lawsuit against Ripple could define the future powers of the commission according to securities experts. The SEC’s regulatory methods have been called out by notable cryptocurrency figures Neither the SEC or Ripple and the rest of the crypto-industry are willing to concede.  To many observers and experts, the… Continue reading SEC vs. Ripple Case To Finally Establish How Much Authority The SEC Has Over Regulating The $2 Trillion Crypto Market

SEC takes action against Chinese billionaire's companies over $500M offerings

The United States Securities and Exchange Commission (SEC) has charged three of Chinese billionaire Guo Wengui’s companies over an initial coin offering (ICO) and initial public offering (IPO) that fetched around $487 million combined. The infamous Wengui, also known as Miles Kwok or Miles Guo, is an exiled Chinese businessman who currently resides in New… Continue reading SEC takes action against Chinese billionaire's companies over $500M offerings

SEC takes action against Chinese billionaire's companies over $500M offerings

The United States Securities and Exchange Commission (SEC) has charged three of Chinese billionaire Guo Wengui’s companies over an initial coin offering (ICO) and initial public offering (IPO) that fetched around $487 million combined. The infamous Wengui, also known as Miles Kwok or Miles Guo, is an exiled Chinese businessman who currently resides in New… Continue reading SEC takes action against Chinese billionaire's companies over $500M offerings

Three Grayscale Trusts Now SEC-Reporting Companies

Key Takeaways Grayscale has announced that three more of its cryptocurrency trusts have beome SEC-reporting companies. Those trusts are Ethereum Classic, Litecoin, and Bitcoin Cash. This development could provide a basis for an ETF in the future. Three of Grayscale’s cryptocurrency products have been designated SEC-reporting companies, according to a Forbes report. BCH, ETC, and… Continue reading Three Grayscale Trusts Now SEC-Reporting Companies

Thai SEC to revoke Huobi’s license over ‘irreparable’ regulatory breaches

One of the world’s largest digital currency exchanges could have its license revoked in Thailand after failing to meet regulatory requirements. The Thai securities regulator announced recently that it had suspended the services of Huobi exchange in the country and recommended that the Ministry of Finance suspends its license for ‘irreparable’ regulatory breaches. Huobi has… Continue reading Thai SEC to revoke Huobi’s license over ‘irreparable’ regulatory breaches

US SEC releases fresh investor alert against crypto investment scams

The United States Securities and Exchange Commission (SEC) published a new alert about investment scams related to digital assets and cryptocurrency.  The announcement shared by the SEC’s Office of Investor Education and Advocacy and Division of Enforcement’s Retail Strategy Task Force highlighted the “devastating losses” faced by the retail investors due to scams. The SEC… Continue reading US SEC releases fresh investor alert against crypto investment scams

US Court Orders Ripple to Handover Slack Messages to SEC

The Securities and Exchange Commission (SEC) has received a discovery win as US Magistrate Judge Sarah Netburn ordered Ripple to hand over more than 1 million internal employee Slack messages. The judgment came after the financial market regulator filed a motion in early August to gain access to those messages. The size of these messages… Continue reading US Court Orders Ripple to Handover Slack Messages to SEC

Thai SEC proposes new rules for digital asset custodians

The Securities and Exchange Commission (SEC) of Thailand continues introducing new regulations for the cryptocurrency industry, citing investor protection concerns. On Wednesday, the Thai SEC proposed a set of additional regulations related to custody of investors’ cryptocurrency holdings held by digital asset business operators. The newly proposed rules refer to custody of fiat money for… Continue reading Thai SEC proposes new rules for digital asset custodians

Thai SEC proposes new rules for digital asset custodians

The Securities and Exchange Commission (SEC) of Thailand continues introducing new regulations for the cryptocurrency industry, citing investor protection concerns. On Wednesday, the Thai SEC proposed a set of additional regulations related to custody of investors’ cryptocurrency holdings held by digital asset business operators. The newly proposed rules refer to custody of fiat money for digital… Continue reading Thai SEC proposes new rules for digital asset custodians

SEC Settles Charges against Three BitConnect Promoters

The US Securities and Exchange Commission (SEC) has settled charges against three BitConnect promoters for a collective payout of $3.5 million and an additional 190 Bitcoins in disgorgement and prejudgment interest. Announced on Thursday, the securities market regulator has already entered a judgment against Michael Noble (aka Michael Crypto) and a final judgment against Joshua… Continue reading SEC Settles Charges against Three BitConnect Promoters

US lawmakers urge CFTC and SEC to form joint working group on digital assets

Two members of the United States House of Representatives have petitioned the heads of the United States Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to work with participants in the crypto space for transparency and regulatory clarity. In a Monday tweet, Representative Glenn Thompson said he had submitted a letter with… Continue reading US lawmakers urge CFTC and SEC to form joint working group on digital assets

SEC wants ‘terabytes’ of Slack communications from Ripple

The legal battle between the United States Securities Exchange Commission (SEC and blockchain-based payments firm Ripple continues, with the regulator wanting further access to Ripple’s internal communications. The SEC filed a motion with the Southern District of New York on Monday, requesting Judge Sarah Netbrun to order Ripple to produce and submit its employee messaging… Continue reading SEC wants ‘terabytes’ of Slack communications from Ripple

SEC claims first enforcement action in $30M fraud case involving DeFi project

A Cayman Islands-based company and two individuals may be the first subjects in decentralized finance, or DeFi, to face enforcement action from the United States Securities and Exchange. According to a Friday announcement, the Securities and Exchange Commission, or SEC, said that this is the first case involving securities using DeFi technology which resulted in… Continue reading SEC claims first enforcement action in $30M fraud case involving DeFi project

SEC claims first enforcement action in $30M fraud case involving DeFi project

A Cayman Islands-based company and two individuals may be the first subjects in decentralized finance, or DeFi, to face enforcement action from the U.S. Securities and Exchange Commission. According to a Friday announcement, the Securities and Exchange Commission, or SEC, said that this is the first case involving securities using DeFi technology which resulted in an… Continue reading SEC claims first enforcement action in $30M fraud case involving DeFi project

Invesco files with SEC for Bitcoin ETF without direct BTC exposure

Atlanta-based investment company Invesco is planning to launch a new Bitcoin (BTC) exchange-traded fund, or ETF, that will not invest in BTC directly. On Wednesday, Invesco filed an application with the United States Securities and Exchange Commission (SEC) to list a new investment product called Bitcoin Strategy ETF. The Invesco Bitcoin Strategy ETF seeks to… Continue reading Invesco files with SEC for Bitcoin ETF without direct BTC exposure

Invesco Seeks SEC’s Approval for Bitcoin Strategy ETF

Despite the US securities market regulator’s hesitation to green light Bitcoin exchange-traded funds (ETFs), more and more companies are applying for it. Most recently, Atlanta-based asset manager Invesco has filed with the Securities and Exchange Commission (SEC) seeking permission to list a Bitcoin ETF. As per Wednesday’s filing, the company is willing to list a… Continue reading Invesco Seeks SEC’s Approval for Bitcoin Strategy ETF

Ripple May Finally Escape SEC's Den, Thanks To This Proposed Crypto Legislation

The Digital Asset Market Structure and Investor Protection Act, new legislation proposed by Congressman Don Beyer (D-VA-08) that would protect consumers and promote innovation by incorporating digital assets into existing financial regulatory structures, has been noted to be a step in the right direction in clearing the current regulatory uncertainty surrounding cryptocurrencies. Beyer who proposed… Continue reading Ripple May Finally Escape SEC's Den, Thanks To This Proposed Crypto Legislation

SEC Chair wants robust crypto regulatory regime for the US

Gary Gensler, chairman of the United States Securities and Exchange Commission, is reportedly keen on bright-line regulations for the country’s crypto space. Gensler expressed the SEC’s desire to install safeguards for crypto investors in the U.S. in a Bloomberg interview, stating, “If somebody wants to speculate, that’s their choice, but we have a role as… Continue reading SEC Chair wants robust crypto regulatory regime for the US

Sen. Warren urges Treasury Secretary Yellen to combat rising crypto threats

Senator Elizabeth Warren, a Democrat from Massachusetts, has called on United States Treasury Secretary Janet Yellen and other regulators to develop a “comprehensive and coordinated” framework for addressing risks in the cryptocurrency market. In a letter addressed to Yellen, the Democratic senator said the Financial Stability Oversight Council, also known as FSOC, “must act quickly… Continue reading Sen. Warren urges Treasury Secretary Yellen to combat rising crypto threats

Ripple vs. SEC Lawsuit Takes A Surprising Turn As New Bombshell Case Springs Up

A recent development in the case of Ripple and the SEC, that saw two independent defendants file a letter to have their connection with the case summarily dismissed, may turn the case in Ripple’s favor. In a letter filed by co-founders of Ripple, Bradley Garlinghouse and Christian A. Larsen asked the court to dismiss their… Continue reading Ripple vs. SEC Lawsuit Takes A Surprising Turn As New Bombshell Case Springs Up

SEC fines Coinschedule $200K over sponsored, favorable ICO ratings

The U.S. Securities and Exchange Commission has settled charges against the defunct initial coin offering (ICO) review website Coinschedule.com for violating the anti-touting provisions of federal securities laws. But two SEC commissioners have penned an open letter in response saying the settlement highlights flaws with the commission’s processes. According to a July 14 release from… Continue reading SEC fines Coinschedule $200K over sponsored, favorable ICO ratings

SEC fines Coinschedule $200K over sponsored, favorable ICO ratings

The U.S. Securities and Exchange Commission has settled charges against the defunct initial coin offering (ICO) review website Coinschedule.com for violating the anti-touting provisions of federal securities laws. But two SEC commissioners have penned an open letter in response saying the settlement highlights flaws with the commission’s processes. According to a July 14 release from… Continue reading SEC fines Coinschedule $200K over sponsored, favorable ICO ratings

Thai SEC and Cayman Islands regulator take action on Binance

Binance, the leading cryptocurrency exchange by trade volume, continues facing scrutiny from regulators regarding the legality of its operations in certain countries. Thailand’s Securities and Exchange Commission (SEC) and the Cayman Islands Monetary Authority (CIMA) are the latest financial regulators to announce a regulatory crackdown on Binance. Thai SEC announced Friday that the agency had… Continue reading Thai SEC and Cayman Islands regulator take action on Binance