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SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions
3.7.2024
The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading...
Judge signs off on expedited schedule for Consensys suit against SEC
2.7.2024
While Judge Reed O’Connor granted the SEC an extension to respond to Consensys’ lawsuit, he also approved a timeline for considering the case’s merits proposed by the firm
Binance.US Challenges SEC Over ‘Control Person’ Allegation
2.7.2024
The United States subsidiary of the world’s biggest cryptocurrency exchange, Binance.US, is ready to counter the Securities and Exchange Commission (SEC). The SEC claims that the exchange offered unregistered investment products and violated the anti-fraud provisions. Binance US did not take...
SEC charges Consensys Software for unregistered securities sales
2.7.2024
The SEC has charged Consensys Software Inc. with engaging in unregistered securities offerings and sales via MetaMask Staking. Additionally, the platform faces charges for operating as an unregistered broker through MetaMask Staking and MetaMask Swaps. The SEC has filed a complaint alleging that...
Cryptos, secondary BNB sales not securities: Federal court rules in Binance vs SEC case
2.7.2024
In a major win for the crypto industry, a federal court ruled that crypto tokens are not securities
Binance.US 'prepared' for SEC legal showdown
2.7.2024
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics
Commissioner Mark Uyeda calls SEC’s approach to crypto filings ‘problematic’
2.7.2024
Tucked away in a footnote as part of a recent statement, the SEC Commissioner said his agency’s current approach to crypto does not aid capital formation or protect investors
Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance
2.7.2024
The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion....
Supreme Court’s Chevron Decision Curtails SEC Chair Gensler’s Regulatory Abuses, Says Congressman
2.7.2024
Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other...
SEC files lawsuit against FTX-linked bank, alleging fraud
1.7.2024
Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”
Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator
1.7.2024
The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank's parent entity and its former executives on Monday
Experts say latest SCOTUS opinions will limit SEC power over crypto
1.7.2024
The conservative members of the U.S. Supreme Court sided with two majority opinions that could have lasting implications for federal agencies to enforce laws
EU MiCA stablecoin regulations come into effect: Law Decoded
1.7.2024
Noncompliant stablecoin issuers could potentially exit the EU market entirely, with a shift toward euro-backed stablecoins as demand picks up in European markets
U.S. Administrative Procedure Law Exists for a Reason. The SEC Must Follow It
1.7.2024
The regulator’s refusal to listen to dissenting opinion on its new Dealer Rule left us no option but to sue for clarity and accountability, says Marisa Coppel, head of legal at the Blockchain Association
Ripple vs SEC case moves forward, awaits final verdict
1.7.2024
The SEC vs Ripple legal battle will have implications. It will be on XRP, and the token is speculated to experience volatility. One safe bet is for Ripple to win the verdict in its favor by defying the SEC’s allegations that it is involved in offering unregistered securities. The allegation...
Crypto-Sec: Phishing scammer goes after Hedera users, address poisoner gets $70K
1.7.2024
This week’s news in cybersecurity from around the crypto space covers bug fixes, phishing scams, crypto exchange hacks and more
Roaring Kitty swipes 6.6% of Chewy Inc, clarifies he is ‘Not a Cat’
1.7.2024
Keith Gill, known for his role in the GameStop saga, surprises the market with a significant stake in Chewy, Inc
Hawaii crypto firms no longer need MT license, regulator rules
1.7.2024
While being exempt from the Money Transmitter License requirement, crypto firms in Hawaii will still have to comply with any federal licensing laws
Defi Education Fund on Chevron Doctrine Overruled: ‘It Opens a New Chapter in the Battle for Clear Regulations’
1.7.2024
The Defi Education Fund, an organization focused on defending and bringing clarity to decentralized finance, pondered on what the recent overruling of the so-called Chevron doctrine might mean for crypto. The organization explained that this decision marks a new chapter in the battle for clearer...
Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review
30.6.2024
Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in...