SEC

April 18, 2023

SEC takes legal action against crypto exchange Bittrex and its ex-CEO


The US Securities and Exchange Commission (SEC) has taken legal action against crypto exchange Bittrex and its ex-CEO, William Shihara. Below are some key highlights: Bittrex and its former CEO are being sued by the Securities and Exchange Commission (SEC) for offering unregistered securities on the exchange. The SEC’s complaint claims that the platform provided […]

SEC

February 10, 2023

SEC Investigating Coinbase for securities violations


In a court filing, the SEC accused Coinbase of offering “at least nine” coins that might be categorized as securities. Bloomberg now reports that the SEC is investigating the US exchange. In response to last week’s court filing, Coinbase requested the US financial authority to reconsider how it defines securities. Coinbase Reportedly Facing SEC Probe […]

SEC

October 24, 2022

After Ripple’s statement against the SEC, how will XRP perform?


The Ripple vs. SEC case continues to plod onward, with occasional interesting twists. Recently, the SEC has finally provided court-ordered internal documents that were contested by Ripple (XRP/USD). CEO Brad Garlinghouse states that the documents could be a considerable victory for Ripple. The documents in question are internal emails and initial drafts of an address […]

SEC

October 22, 2022

The lawsuit against SEC isn’t about Bitcoin: Grayscale’s CEO


Grayscale filed a lawsuit against the United States Securities and Exchange Commission (SEC), and the company’s CEO said the move means so much more than Bitcoin.The CEO of Grayscale, Michael Sonnenshein, says that their lawsuit against the SEC has nothing to do with Bitcoin. Last year, Grayscale announced that it planned to file for a […]

SEC

September 25, 2022

SEC has the power to regulate crypto securities: Gensler


The SEC chair wants to see cryptocurrency exchanges and brokers register with the agency.Gary Gensler, the Chair of the SEC, has said that the agency desire to see more cryptocurrency firms – brokers, exchanges; and so on – embrace regulation as the first major step toward consumer protection. In an interview with Yahoo Finance, Gensler […]

SEC

September 22, 2022

SEC won’t hand cryptos a free pass: agency’s implementation Boss


SEC enforcement unit director Gurbir Grewal non-enforcement would be “betrayal of trust.”On Friday, the US Securities and Exchange Commission’s (SEC) enforcement boss warns that the agency. Has no intention of deviating from its mission to pursue legal action against cryptocurrency firms that violate securities laws. Gurbir Grewal, the Enforcement Head at the SEC, made the […]

SEC

September 16, 2022

The SEC Chairman’s position on PoS cryptocurrencies


According to a Washington Post story, Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), indicated on September 15 that cryptocurrencies that allow holders to stake their tokens may be deemed securities. According to Gensler, cryptocurrencies that use the staking consensus process may satisfy the Howey test, which evaluates whether an asset […]

SEC

June 29, 2022

Bitcoin is a commodity states SEC’s Gary Gensler


There is no precise regulation of cryptocurrencies in the United States at the moment, but regulators are focusing their attention on the industry. Gary Gensler, the chairman of the Security and Exchange Commission (SEC), has pointed out that he believes Bitcoin is the only security. He made this statement during an interview with CNBC on Monday. Gensler […]