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SEC’s ‘Crypto Mom’ warns selling fractionalized NFTs could break the law
26.3.2021
Fractionalized NFTs and baskets of non-fungible tokens could easily be considered investment contracts under U.S. securities law, warns SEC Commissioner, Hester Peirce
Fidelity Applies to Launch Bitcoin ETF Amid Accelerating Institutional Demand for BTC
25.3.2021
Fidelity has filed with the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin exchange-traded fund (ETF). The ETF will track the price of bitcoin as measured by the performance of the Fidelity Bitcoin Index. Fidelity Seeks SEC’s Approval Launch a Bitcoin ETF FD Funds...
Florida man escapes paying a $4.5M SEC penalty over a crypto Ponzi scheme
25.3.2021
The founder of the Argyle Coin Ponzi scheme has escaped paying a $4.5 million penalty to the SEC for operating a “web of fraudulent companies.”
Robinhood files SEC paperwork for public offering
23.3.2021
The popular trading app has submitted a draft registration statement on Form S-1 with the SEC
Legal Battle Between Ripple’s XRP and SEC Intensifies
22.3.2021
In its recently launched white paper, leading blockchain company, Ripple announced that its native cryptocurrency XRP could bridge the existing gap between various central bank digital currencies (CBDCs). Moreover, Ripple pitches XRP to move value for different CBDCS in a cost-effective manner....
SkyBridge Capital latest to file Bitcoin ETF application with US SEC
22.3.2021
SkyBridge Capital has filed for a Bitcoin ETF in partnership with First Trust Advisors
Scaramucci’s Skybridge Capital Registers With SEC to Launch a Bitcoin ETF
22.3.2021
Anthony Scaramucci’s Skybridge Capital has filed an S-1 registration form with the Securities and Exchange Commission (SEC) for a bitcoin exchange-traded fund (ETF). The prospectus for the “First Trust Skybridge Bitcoin ETF Trust” notes that the ETF aims to list common shares...
SEC issues first ever charges over phoney ‘insider information’ on darknet
19.3.2021
The SEC has taken action against a Californian man for fraudulently offering insider stock trading tips on a darknet marketplace
SEC Lists 3 Reasons for Seeking Ripple Execs' Financial Info on XRP Deals
18.3.2021
The US Securities and Exchange Commission (SEC) explained why they require personal financial information about executives in their case against blockchain company Ripple, claiming it to be the only way to see XRP movements in full, and determine if and how much the executives "enriched...
SEC has 45 days to respond to VanEck Bitcoin ETF filing
18.3.2021
It is Bitcoin ETF decision season once again for America’s securities regulator amid a changing of the guard at the commission
US Judge Denies Request to Add XRP Holders as Intervenors in SEC’s Lawsuit Against Ripple
17.3.2021
A U.S. judge has denied the request to add XRP token holders as intervenors in the Securities and Exchange Commission (SEC)’s ongoing case against Ripple. In a ruling made one day after the motion was filed, the judge, Analisa Torres denied the token holders’ request “without...
Judge denies XRP Army a seat at the table in SEC v. Ripple case
16.3.2021
Lawyers representing XRP investors may still have an opportunity to refile in the future, however
Elon Musk Becomes ‘Technoking of Tesla’ While ‘Master of Coin’ Title Goes to CFO Zach Kirkhorn
16.3.2021
Tesla has informed the U.S. Securities and Exchange Commission (SEC) that Elon Musk has officially changed his title to “Technoking of Tesla” and CFO Zach Kirkhorn has changed his title to “Master of Coin.” Musk is not stepping down as the CEO of Tesla, as the filing...
Over 6,000 XRP holders volunteer as third party defendants in SEC lawsuit
15.3.2021
XRP holders claim their interests aren't being represented in an ongoing SEC lawsuit against Ripple Labs. Now they want to enter the fray as third-party defendants
Ripple to Dispose Stake in Moneygram Shortly After Announcing End of a Business Relationship
14.3.2021
Just a few days after announcing the end of its partnership with Moneygram, the fintech firm Ripple Labs is now moving to dispose of its stake in the listed company. In a filing with the U.S. Securities and Exchange Commission (SEC), Ripple says it has entered into an agreement with Jefferies...
Valkyrie Hopes to Launch ‘Innovative Balance Sheet ETF’ Backed by Companies Exposed to Bitcoin
13.3.2021
At the end of January, the Texas-based firm Valkyrie Digital Assets filed an exchange-traded fund (ETF) registration for the “Valkyrie Bitcoin Trust” with the U.S. Securities and Exchange Commission (SEC). This month, the cryptocurrency investment manager announced it has filed...
Ripple execs refute SEC investigation of personal finances as overreach
12.3.2021
“How much they spend at the grocery store” isn't relevant to the SEC's ongoing XRP securities lawsuit, argues the legal team for Bradley Garlinghouse and Christian Larsen
SEC ‘Wants to Know How Much We Spend on Groceries,’ Say Ripple Execs
12.3.2021
Brad Garlinghouse. Source: a video screenshot, Bloomberg
The long battle between the American regulatory Securities and Exchange Commission (SEC) and the XRP issuer Ripple has taken a personal turn – literally – with the SEC seeking personal financial information from banks on the company’s...
Gensler confirmation as SEC chair would be good for crypto, says Hester Peirce
11.3.2021
SEC commissioner Hester Peirce is optimistic that the U.S. will eventually offer more clarity for cryptocurrency investors
Ripple Accuses SEC of Causing $15,000,000,000 Damages
11.3.2021
In the earlier part of December last year, Ripple, a payments platform, came under the lens of legal scrutiny as the US Securities and Exchange Commission (The SEC) accused it of selling its native digital currency XRP worth $1.38 billion without following the registration procedure. This unlawful...