Terraform proposes $1M penalty for SEC case, no relief or disgorgement

Lawyers for Terraform claimed that seeking disgorgement from the platform would involve the Luna Foundation Guard, a “non-party” in the SEC’s civil case.

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SEC lawyers resign following controversial DEBT Box case

Two SEC lawyers have resigned following controversies in the regulator’s legal case against crypto firm DEBT Box. Bloomberg reported on April 22 that Michael Welsh and Joseph Watkins, who served as lead SEC attorneys in the ongoing case, resigned in April.

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Terraform Labs cites SEC’s alleged misrepresentations in DEBT box case in its own bid for summary judgment

Terraform Labs, facing a securities lawsuit from the U.S. Securities and Exchange Commission (SEC), made a request on Dec. 4, 2023, for a summary judgment to conclude the case. Citing the treatment of a separate firm, DEBT Box, in ongoing SEC litigation, the defense pointed out that the regulatory body had misrepresented facts in that […] The post Terraform Labs cites SEC’s alleged misrepresentations in DEBT box case in its own bid for summary judgment appeared first on CryptoSlate.

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XRP Lawyer Hints What Might Happen if SEC Gets Appeal in Ripple Case

SEC brings up Ripple ruling in Terra's Do Kwon case

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SEC won’t object to Coinbase’s motion to speed up case

The SEC has submitted a letter to the judge in their case against Coinbase, responding to the exchange's request for permission to file a motion for judgment on the pleadings

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Crypto Whales Are Super Bullish On XRP As The Ripple vs SEC Case Nears Long-Awaited End

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XRP Lawsuit: Ripple Aims For Ultimate Win As Case With The SEC Finally Inches Towards ‘End Game’

Ripple Labs and the Securities and Exchange Commission (SEC) have filed a joint proposal hinting at a speedy resolution of the case.

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LBRY vs. SEC to face the same fate as Ripple vs. SEC? Answer can alarm you

The SEC vs. Ripple case continues to create headlines within the crypto community. But a lesser-known case may provide clarity for the former. In 2021, the SEC filed a complaint against LBRY, Inc.

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Attorney Breaks Down The Good, Bad, And Ugly Events To Expect From The Ripple vs. SEC Case This Month

Key takeaways Ripple files a motion that undermines the SEC DPP argument. The motion could mean that around 37 documents would have to be turned over by the SEC.   A conclusion to the case does not seem forthcoming.

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SEC Attorney Moves to Withdraw from Ripple Case

SEC attorney Dugan Bliss has moved to withdraw from the Ripple case

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SEC Wants to Depose Six More Witnesses in Ripple Case

The SEC is seeking the court's permission to conduct additional depositions in the Ripple case

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The SEC Isn’t Done Yet, Files Documents To Reopen Bitcoin Scam Case; Seeking Monetary Relief

The U. S. Securities and Exchange Commission (SEC) has decided to revisit the Renwick Haddow case, a Bitcoin-related fraud where investors were stripped of a combined amount of $37 million. According to news outlet, Cointelegraph, the SEC expressed their intentions in a letter sent to Judge Lorna G.

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U.S. District Judge Turns Back SEC Request Regarding ICO

A new development has arisen in the U. S. Securities and Exchange Commission’s (SEC) efforts to regulate ICOs: a District Judge has turned back a request for an injunction.

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AriseBank CEO Charged in $4 Million Alleged ICO Scam

Jared Rice Sr. , CEO of the Dallas-based bank AriseBank, was arrested by the Federal Bureau of Investigation (FBI) on Wednesday, November 28, 2018, and charged with six counts of securities fraud and wire fraud.

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In Cautionary Speech, Chairman Clayton Parrots SEC’s Bitcoin ETF Concerns

Speaking at the ongoing CoinDesk's Consensus Invest conference in New York, U. S. Securities and Exchange Commission (SEC) Chairman Jay Clayton spoke on why his agency hasn’t yet approved a bitcoin exchange traded fund (ETF).

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Singapore Grants RMO License for CapBridge to Operate New Security Exchange

Global private capital platform CapBridge Pte. Ltd. has garnered a license from the Monetary Authority of Singapore (MAS) to operate a security exchange known as 1exchange (also called 1X), which became operational on November 21, 2018.

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Experts Analyze SEC’s New Civil Case Against ICOs as a “Securities Offering”: What Does This Mean?

On November 16th, the SEC published a new press release regarding digital asset securities issuance and trading. The SEC has been dealing with fraudulent initial coin offerings (ICOs), along with ICOs that simply are not following registration requirements for the sale of securities.

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ICO Issuers Settle Registration Charges With SEC

The U. S. Securities and Exchange Commission (SEC) has agreed to settle charges with two startups that sold tokens through Initial Coin Offerings (ICOs) in 2017. The companies were charged by the SEC for running their ICOs after the regulator clearly defined such offerings as unlicensed securities in its DAO Report of Investigation.

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Ripple Files to Move Securities Lawsuit from State to Federal Court

Ripple’s legal team in their ongoing securities suit is attempting a new tack: to have the claim proceed at the federal level. In a move that legal commentator Jake Chervinsky described as “seriously crafty,” Ripple has filed a formal notice-of-removal motion to have their most recent securities suit, Zakinov et al v.

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Decentralized Exchanges Can’t Escape the SEC, Warns Its Cyber Chief

The U. S Securities and Exchange Commission (SEC) has filed charges in the first-ever case involving a decentralized Ethereum-based exchange. The head of the SEC’s new cyber unit has followed with a warning that decentralized exchanges must be compliant as well, adding that creators will be held responsible.

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In the Race for a Bitcoin ETF, Wall Street Has Plenty of Hurdles to Clear

In the latter half of 2018, few developments have occupied crypto investors’ headspaces like the industry’s indefatigable pursuit of a bitcoin exchange traded fund (ETF).

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In EtherDelta Case, SEC Hints Most Ethereum Based Tokens are Securities

The U. S. Securities and Exchange Commission (SEC) has officially charged Zachary Coburn, the founder of cryptocurrency exchange EtherDelta, for operating an unregistered securities exchange. The regulatory agency’s move to charge Coburn comes amidst a greater trend of increasing regulation over the cryptocurrency industry.

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SEC charges EtherDelta founder with running unregistered securities exchange

In what could prove to be a groundbreaking case, the US Securities and Exchange Commission has charged the founder of cryptocurrency trading platform EtherDelta, Zachary Coburn, with running an “unregistered national securities exchange.

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Making the Case for SEC Bitcoin ETF Approval in 2018 or by Quarter 1 2019 at Latest

Is SEC Getting Prepared for a Bitcoin ETF in 2019? The U.S. Securities and Exchange Commission (SEC) is one of the most important regulatory authorities in the world and in the United States. During the last months, several Bitcoin Exchange-Traded Funds (ETFs) have been rejected or postponed by the regulatory watchdog. Apparently, there is a […]

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Marco Santori on Airdrops and the “Complete Picture” of SAFT Regulation

Ever since the U. S. Securities and Exchange Commission (SEC) issued a stern warning about initial coin offerings (ICOs) in February 2018, cryptocurrency projects have had to consider different options for distributing their tokens — and funding their development.

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SEC Obtains Emergency Court Order to Halt Questionable ICO

The U. S. Securities and Exchange Commission (SEC) has obtained an emergency court order issuing the stoppage of a recently planned initial coin offering (ICO) by Blockvest LLC and its founder Reginald Buddy Ringgold III, who falsely advertised that the token sale was approved by the SEC.

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

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Crypto Platform 1Broker Seeks Much-Needed Legal Support After SEC, FBI Shutdown

Marshall Islands-based 1Broker has been in a flurry as of late, as the crypto-focused investment services provider came under heavy fire from the top guns of the free world, American regulators and their closest compatriots.

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SEC Charges 1Broker With Securities Fraud as FBI Seizes Domain

Government agencies are cracking down on companies who are involved in cryptocurrency. In virtually every case, that is a direct result of said companies not following the necessary guidelines in terms of registered with the proper agencies and filling out the necessary paperwork.

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SEC Issues More Sanctions to PlexCoin Cryptocurrency ICO Token Scam Members

SEC Seeks Sanctions Against Plexcoin Organizers The US Securities and Exchange Commission (SEC) is looking to impose sanctions on the perpetrators behind the scamming ICO known as Plexcoin. Since December 2017, the SEC has been involved in a lawsuit against PlexCorps, the company that allegedly organized the Plexcoin token crowdsale. The case, in which the […]

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Federal Judge Applies Long-Established Securities Law to ICOs

Does a decades-old securities law apply to an initial coin offering (ICO)? In a case that represents the first time securities laws have been applied to cryptocurrencies, a district judge says it may.

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US Judge Rules ICOs Covered by Securities Law

After a long period of silence and uncertainty, the U.S. government has stated that at least two initial coin offerings (ICOs) are not exempt from security laws. Howey vs SEC The ruling comes after ICO participants from Recoin and Diamond Reserve Club filed a federal case against the projects’ founder Maksim Zaslavskiy for misleading investors, who […] The post US Judge Rules ICOs Covered by Securities Law appeared first on CryptoSlate.

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Two-for-One: SEC Slaps Crypto Hedge Fund, Broker With Registration Failures

In what it deems a first for both enforcement actions, the United States Securities and Exchange Commission (SEC) is charging two entities with registration failures.

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Canada Delays Regulation of Cryptocurrencies and Blockchain Companies

The Canadian government has postponed the release of its final regulations for cryptocurrency and blockchain companies. The final published regulations were due this fall, but the government now says they won’t be published in the Canada Gazette until late 2019.

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U.S. SEC Denies Nine More Bitcoin ETFs

The United States Securities and Exchange Commission (SEC) just put nine more bitcoin exchange traded funds (ETFs) on the chopping block. In three separate orders issued on August 22, 2018, the agency nixed the proposals and contingent rule changes for ETF filings submitted by ProShares, GraniteShares and Direxion.

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Markets Are Down, But Most Exchanges Are Doing Just Fine

As the old maxim asserts: those who made the most money in the gold rush were those who sold shovels. With our own digital gold rush in a downturn, however, the shovels aren’t selling so well, as mining companies themselves are struggling to move hardware because miners are struggling to turn a profit.

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U.S. Investors Can Now Buy a Bitcoin Exchange-Traded Note

American investors can now invest in bitcoin Exchange Traded Funds (ETF) through an Exchange-Traded Note (ETN) called Bitcoin Tracker One on the Nasdaq Stockholm Exchange in Sweden, per a Bloomberg report.

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Bitcoin ETF Delay Destroys BTC, XRP, BCH And ETC

The markets are falling hard today. We are seeing all major cryptocurrencies falling at a rapid rate, way down from their values over the previous 24 hours. We aren’t worried about this though.

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“Not a Great Precedent”: Commissioner Discusses the SEC’s Latest ETF Decision

When the SEC announced its rejection of the Winklevosses’ latest bitcoin ETF filing, the industry found itself reckoning with a problem on repeat: striving toward the goal of approval, another Exchange Traded Fund (ETF) proposal faced the SEC’s death knell.

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Top US Regulator Jay Clayton is Possible Ally to Bitcoiners

According to a US Securities and Exchange Commission (SEC) meeting transcript, SEC Chair Jay Clayton has privately expressed deep knowledge of cryptocurrencies, including during a heated exchange with staff.

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Bitcoin Price Analysis: Sign of Strength Shows Continued Buyer Interest

At the time of this article, the news from the Winklevoss ETF being denied by the SEC is still fresh and it is unclear what impact it may have on the overall macro trend of the market.

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SEC Puts Off Decision on 5 Bitcoin ETFs Till September 2018

The U. S. Securities and Exchange Commission (SEC) has postponed the review of Bitcoin ETFs proposed by investment firm Direxion Asset Management, as it needs more time to study the proposal before reaching a final decision.

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Bitfunder Fraud Civil Lawsuit Case Proceedings Accelerate

As reported on FinanceFeeds, the criminal case filed against defendants Bitfunder and Jon E. Montroll, accused of operating an unregistered securities exchange and defrauding its users, has led to a plea agreement.

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Operator of BitFunder claims to be “Close to” a Plea Bargain in SEC Fraud Case

The operator of defunct bitcoin investment platform BitFunder, Jon Montroll, is reportedly seeking a plea bargain over fraud and other charges laid against him by the U. S. Securities Exchange Commission (SEC).

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BitFunder Operator 'Close to' Plea Bargain in SEC Fraud Case

The operator of defunct bitcoin investment platform BitFunder is negotiating a plea deal over criminal charges laid against him by the SEC.

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Coinbase Never Received Approval to Trade Securities from SEC

The largest U. S. cryptocurrency exchange had to walk back its claims: the company did not get official approval from the U. S. Securities and Exchange Commission on the acquisition of three companies.

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UBI Blockchain Internet Attorney & Manager Charged by SEC For Illegal Stock Sale Profits

SEC Accuses Attorney and Manager of UBI Blockchain Internet of Illegal Stock Sales The Securities and Exchange Commission (SEC) filed charges on June 2 against two men who allegedly benefited from the illegal sale of shares.

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Op Ed: Utility Token? Why You’re Still Better Off as a Security

The SEC’s proclamation that ether (ETH) is not a security has sparked some celebration amongst the cryptocurrency community. Regulatory clarity is always a good thing, but ICO operators shouldn’t see this as a reason to put the champagne on ice.

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