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Nalezeno "gensler": 1025

Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud

17.2.2023
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from...

Crypto Under Scrutiny: SEC's New Custody Rules Take Aim at Digital Assets – Regulation Incoming?

16.2.2023
The U.S. Securities and Exchange Commission has unveiled a set of new rules designed to enhance the protection of investors’ assets in response to the string of collapses of major crypto businesses last year, raising concern amid industry players that more crypto-focused regulation could be in...

SEC-retly Failing: How the SEC Is Letting Crypto Down

16.2.2023
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught...

SEC proposes tougher rules as part of its crypto custody crackdown

16.2.2023
The new proposals set forth by the Gensler-led SEC seek to “expand the scope” of rules set out by the 2009 Custody Rules

SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’

16.2.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they...

SEC to target crypto firms operating as 'qualified custodians' — Report

14.2.2023
If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will be reviewed by other members of the SEC

Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach

13.2.2023
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S....

Are stablecoins securities? Well, its not so simple, say lawyers

13.2.2023
One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities

House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest

12.2.2023
On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about the arrest of FTX co-founder Sam Bankman-Fried...

Stiffing the Staker: The SEC’s Latest Crackdown on Crypto Innovation

11.2.2023
The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking? The following...

SEC Chief Gensler Warns Crypto Firms to Comply With Rules After Kraken Shutters Staking Program

10.2.2023
Other platforms that offer yield-earning programs should "take note" and come into compliance, the regulator said a day after crypto exchange Kraken said it will pay a $30 million fine to settle SEC charges

‘Agent of an anti-crypto agenda’ — Gensler slammed over Kraken crackdown

10.2.2023
SEC's recent charges against crypto exchange Kraken over its staking program have sent tremors through the crypto industry

Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC

9.2.2023
Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services. The exchange will also pay $30 million...

Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers

9.2.2023
Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users...

Getting rid of crypto staking would be a 'terrible path' for the US — Coinbase CEO

9.2.2023
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder

Crypto exchange Kraken faces probe over possible securities violations: Report

9.2.2023
The probe is reportedly looking at certain offerings that Kraken has made to its US customers that could be in breach of securities laws

US Senator Focused on Crypto Money Laundering Crackdown — Urges Congress, Regulators to Take Action

30.1.2023
U.S. Senator Elizabeth Warren has called on Congress to ensure regulators, such as the Securities and Exchange Commission (SEC), have the tools to regulate the crypto industry effectively and crack down on crypto money laundering activities. “The current legal structure essentially holds up...