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Uniswap responds to SEC Wells notice: ‘We are ready to fight’ for DeFi
21.5.2024
The company called for supporting U.S. lawmakers in favor of the Financial Innovation and Technology for the 21st Century Act, hinting the bill could nullify the SEC’s case
Uniswap Labs Urges SEC to Drop Pending Enforcement Action in Wells Response
21.5.2024
Uniswap Labs moved Tuesday to quash a looming regulatory battle over Ethereum's dominant decentralized crypto exchange, imploring the Securities and Exchange Commission in legal filings that its planned lawsuit wasn't worth the fight
Regulatory crackdown spawns anti-SEC 'CultureCoin'
16.5.2024
Creators of NotWifGary aim to "stand [their] ground against Gary Gensler and the SEC" in support of Ethereum and open-source developers
Wells Fargo dives into crypto via Bitcoin ETFs
13.5.2024
In its recent filing with the SEC, Wells Fargo, a famous US bank known to be among the leading banking institutions in the United States, disclosed its entry into the world of digital currencies by investing in several different Bitcoin exchange-traded funds (ETFs). Such a move reinforces...
Wells Fargo Holds Spot Bitcoin ETFs, Reveals SEC Filing of Grayscale Shares
11.5.2024
Wells Fargo, a major US banking entity, is now storing a spot bitcoin ETF for its customers, as revealed in a new SEC filing, holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was recently converted into an ETF. Though the value of these shares stands at $121,207, a small fraction...
Wells Fargo Banks Has Invested $143 Million In Bitcoin, Filing Reveals
10.5.2024
Wells Fargo has bought Bitcoin after once preventing customers from doing the same many years ago.
The post Wells Fargo Banks Has Invested $143 Million In Bitcoin, Filing Reveals appeared first on Cryptonews
Wells Fargo reports exposure to Grayscale and ProShares Bitcoin ETFs
10.5.2024
The bank reported holding $143,111 worth of shares of the ProShares Bitcoin Strategy ETF, Grayscale Bitcoin Trust and Bitcoin Depot
Robinhood Met With SEC 16 Times Before Wells Notice, CEO Vlad Tenev Says
9.5.2024
Robinhood and its CEO Vlad Tenev met with the United States Securities and Exchange Commission (SEC) 16 times before the commission sent the crypto company a Wells Notice, the CEO revealed in a Wednesday interview with CNBC. News of the meetings come as the crypto company's quarter 1 earning...
Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan
9.5.2024
The potential legal action against Robin Hood should be viewed as a continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities, the report said
SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
9.5.2024
Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of engaging in meaningful discourse with the cryptocurrency industry
Robinhood Q1 crypto trading surges 224% — SEC action ‘disappointing’
9.5.2024
Robinhood’s crypto services contributed to nearly 40% of the firm’s transaction-based revenue and helped the firm produce a net profit for the second straight quarter
Robinhood CEO Criticizes ‘Regulatory Onslaught’ on Crypto US, Pledges to Challenge SEC
8.5.2024
Expressing his discontent, Tenev characterized the SEC's regulatory actions as part of a broader "regulatory onslaught" that, in his view, stifles innovation and handicaps American firms and investors.
The post Robinhood CEO Criticizes ‘Regulatory Onslaught’ on Crypto US, Pledges...
Robinhood Prepares to Fight SEC in Court Over Crypto, CEO Reveals
8.5.2024
Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business and establish “regulatory clarity in the United States for the benefit of our customers,” CEO Vlad Tenev said after his company received a Wells notice from...
Dogecoin Price Prediction as Large Holders Transfer DOGE to Robinhood Exchange Amid Wells Notice – Are They About to Sell?
7.5.2024
The Dogecoin price has dipped by 2.5% in the past 24 hours, falling to $0.158 as the crypto market as a whole loses 2% today.
The post Dogecoin Price Prediction as Large Holders Transfer DOGE to Robinhood Exchange Amid Wells Notice – Are They About to Sell? appeared first on Cryptonews
Digital Chamber Criticizes SEC Over Wells Notice Issue to Robinhood Crypto
7.5.2024
The Digital Chamber called SEC's move as yet another instance of the regulator’s “unchecked regulatory overreach,”
The post Digital Chamber Criticizes SEC Over Wells Notice Issue to Robinhood Crypto appeared first on Cryptonews
Robinhood Hit With Wells Notice By SEC
6.5.2024
Robinhood found itself in hot water with the United States Securities and Exchange Commission (SEC) this weekend after the digital asset trading platform reportedly received a Wells Notice from the federal agency amidst its crackdown on crypto, a new court filing alleges.
The post Robinhood...
SEC Issues Wells Notice to Robinhood Over Crypto Operations
6.5.2024
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement...
Robinhood Shares Fall After Its Crypto Arm Gets Wells Notice From SEC
6.5.2024
The trading platform previously ended support for all tokens that were named in SEC lawsuits against Binance and Coinbase
Robinhood crypto business slapped with SEC Wells Notice
6.5.2024
The SEC is planning to file an "enforcement action" against Robinhood's cryptocurrency business, according to the Wells Notice
Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million
12.4.2024
According to Wells Fargo estimations, U.S.-based retailer Costco runs a $200 million gold business monthly. Consumer trust in the organization and its aggressive pricing have made Costco’s one-ounce bars of 24-karat gold a popular choice for investors, who take advantage of 2% over market...