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SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer

17.6.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether...

Experts Warn SEC’s Consolidated Audit Trail Is Unconstitutional

16.6.2024
The U.S. Securities and Exchange Commission’s (SEC) newest surveillance tool, the Consolidated Audit Trail (CAT), has sparked significant concerns among privacy advocates and legal experts, who warn of an unprecedented expansion of government monitoring over financial transactions....

SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case

16.6.2024
The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the...

Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2

15.6.2024
Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings....

Ripple invokes SEC v. Terraform case, argues for smaller civil penalty

14.6.2024
The blockchain firm’s case with the SEC has been ongoing since December 2020, when the regulator alleged Ripple used XRP as an unregistered security to raise funds

Ripple backing Terraform Labs against a penalty charged by SEC

14.6.2024
Ripple is siding with Terraform Labs by taking a firm stand against the Securities and Exchange Commission levying a penalty charge against the company. In Ripple’s opinion, the court should discard the settlement issue. Recently, the SEC asked the founder of Terraform, Do Kwon, to make a payment...

Deepfake AI ‘gang’ drains $11M OKX account, Zipmex zapped by SEC: Asia Express

14.6.2024
OKX blames “coin-stealing hacking gang” for deepfake AI theft of $11M, Zipmex unlicensed, Microvisionchain’s millions in grants: Asia Express

US judge approves Terraform’s $4.5B settlement with SEC

14.6.2024
A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC

U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC

13.6.2024
The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgement interest, and civil penalties

President Biden announces picks for SEC, FDIC and Treasury leadership

13.6.2024
CFTC Commissioner Christy Goldsmith Romero could replace Martin Gruenberg after allegations of a toxic workplace culture at the FDIC

SEC may receive ‘only a fraction’ of Terraform’s settlement

13.6.2024
The U.S. SEC still has to queue up behind secured creditors to receive a payment from Terraform Labs’ multibillion-dollar settlement, if any

SEC chair sees spot Ether ETF S-1 approvals sometime in summer 2024

13.6.2024
Some analysts had predicted that spot Ether ETFs could start trading on U.S. exchanges by the end of June, but the SEC has yet to set an exact date

Ether ETFs Should Be Fully Approved by September, Says SEC Chair Gensler

13.6.2024
U.S. Securities and Exchange Commission Chair Gary Gensler said that the final approvals for exchange-traded funds (ETFs) trading Ethereum's ether {{ETH}} should be finished this summer, he told senators in a budget hearing on Thursday

Terraform Labs settles SEC charges for $4.47B

13.6.2024
One of the biggest collapses in the history of cryptocurrency is finally ending, and Terraform Labs is willing to pay the SEC $4.47 billion. The SEC requested a federal judge in the Southern District of New York to accept the settlement. The new development comes two months after a judicial...

Terraform Labs ends operations, Terra community takes over

13.6.2024
Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community

Terraform Labs to Dissolve After SEC Settlement, CEO Announces

13.6.2024
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs...

Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses

13.6.2024
The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over...