Tags : SEC

Regulation

Ripple transfers 60 million XRP even as US SEC lawsuit

To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP) claims two of their sitting Commissioners have spoken out about the lack of clarity on how securities laws apply to crypto.  Meanwhile, Ripple and Binance got caught on the radar as 110 million XRP tokens worth roughly […]Read More

Regulation

SEC lays the smackdown on alleged $12 million crypto scam

The U.S Securities and Exchange Commission (SEC) takes action against alleged crypto fraud perpetrated by Profit Connect Wealth Services Inc. Through an emergency action filing, the U.S securities regulator obtained a temporary restraining order and froze the company’s assets in a bid to stop Profit Connect from operating. The SEC’s reputation has taken a hit […]Read More

Regulation

Ripple (XRP) scores as judge orders former SEC Director to

In the ongoing SEC vs. Ripple case, Judge Netburn has ruled that former SEC Director William Hinman will testify under oath. Having filed charges against Ripple in late December 2020, the case has evolved into a complex beast tackling numerous motions. This latest motion relates to the SEC’s attempt to quash the deposition of Hinman, […]Read More

Regulation

Ripple insists on deposing former high-ranking SEC official as part

Ripple Labs, the blockchain company behind the XRP token that is currently locked in a $1.3 billion legal battle with the U.S. Securities and Exchange Commission (SEC), has rescheduled the deposition of William Hinman, the SEC’s former director of Division of Corporation Finance, to July 19, according to court filing published last Friday. “Mr. Hinman’s […]Read More

Regulation

Bitcoin ETF applicants accuse the SEC of foul play

Last month, the Securities and Exchange Commission (SEC) delayed yet another Bitcoin ETF application, this time from Cboe Global Markets Inc. The U.S regulator said it would seek more public consultation on the matter before making a decision. That makes 13 Bitcoin ETFs currently pending approval, according to Market Insider. Some fund managers say this […]Read More

Bitcoin

Bitcoin ETFs are long overdue, says SEC Commissioner Hester Peirce

The Securities and Exchange Commission’s (SEC) unwillingness to approve a Bitcoin exchange-traded fund (ETF) in the U.S. is outdated and borders on double standards, according to the agency’s commissioner Hester Peirce, also known as “Crypto Mom.” “That is probably the biggest, the most-often-asked question that I get: When will the SEC approve a Bitcoin exchange-traded […]Read More

Bitcoin

VanEck files Bitcoin ‘mutual fund’ with SEC even as ‘whales’

Exchange-traded funds (ETFs) and mutual fund provider VanEck has filed for a new Bitcoin fund in the US, a filing with the Securities and Exchange Commission (SEC) shows. Routed via Cayman Islands Called the new “Bitcoin Strategy Fund,” the instrument will invest in Bitcoin “futures” and other publicly traded financial products that provide exposure to […]Read More

Regulation

US courts deny the SEC to view records related to

 The discovery phase of the lawsuit against Ripple Labs continues as Magistrate Judge Sarah Netburn denied, in part, the US Securities and Exchange Commission’s (SEC) request for additional discovery. Ripple’s fair notice defense, which the SEC unsuccessfully moved to strike, is built around the US SEC actions and not its own conduct, since the company […]Read More

Bitcoin

US SEC asks institutions to consider these 4 factors before

$270 billion fund Guggenheim is seeking Bitcoin exposure, SEC filing shows Guggenheim Partners, one of the world’s largest fund managers with $270 billion in client assets under management, is seeking exposure to Bitcoin as part of a new fund, a filing with the US Securities and Exchange Commission (SEC) showed yesterday. 2 min read → […]Read More

Regulation

Thai SEC orders exchanges to delist Dogecoin, Shiba Inu, NFTs,

The Thailand Securities and Exchange Commission (SEC), the nation’s capital markets watchdog, banned the trading of memecoins like Dogecoin and Shiba Inu, non-fungible tokens (NFTs), and other unclear assets over the weekend. It did not, however, give any specific reasons for the ban. Forget your Shiba Inu The SEC criticized the trading of assets with […]Read More