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SEC

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31 May 23

Former SEC exec predicts crackdown on crypto influencers

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied John Reed, a former Securities and Exchange Commission (SEC), has warned social media influencers promoting cryptocurrencies. Reed suggests that their time on these platforms may be limited as the SEC prepares to take action. Reed emphasized that anti-fraud provisions, which apply […]

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31 May 23

Former Coinbase employees settle insider trading case with SEC

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ishan Wahi, a former product manager at Coinbase crypto exchange, and his brother Nikhil Wahi have reportedly settled their insider trading case with the United States Securities and Exchange Commission (SEC). Ishan Wahi has been sentenced to 24 months in prison, […]

31 May 23

SEC accepting ethereum for penalty payment

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Securities and Exchange Commission (SEC) is accepting ethereum as part of a penalty payment in a recent fraud case, while maintaining the classification of the digital asset as a security. In an unexpected twist of events, the Securities and […]

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27 May 23

Gemini challenges SEC in legal battle over Earn product

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Gemini has responded to the US Securities and Exchange Commission (SEC) lawsuit over its Earn Product. The exchange and its partner, now-bankrupt Genesis lender, gear up for a spectacular judicial fight. Gemini marked the SEC charges as “poorly conceived” and claimed […]

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25 May 23

Billionaire Mark Cuban says SEC crypto attacks will be futile

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to reports, billionaire Mark Cuban recently noted that the ongoing attack on crypto tokens by SEC and the U.S. government would ultimately not work. Cuban: SEC attacks on tokens will not work Mark Cuban responded to a crypto enthusiast, Rodrigo, […]

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24 May 23

Ripple defense attorney files motion to withdraw from SEC case

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kylie Chiseul Kim, a key defense attorney for Ripple Labs in its ongoing litigation against the SEC, has submitted a motion to withdraw from the case due to her departure from the law firm representing Ripple. In a development from the […]

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24 May 23

Crypto lawyers speculate on XRP’s classification in SEC lawsuit

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto lawyer Jesse Hynes expressed hope that the court supervising the Securities and Exchange Commission’s (SEC) legal action against Ripple would declare XRP a non-security digital asset. According to Hynes, if the court decides to look into whether or not XRP […]

Bluelight.inc1

23 May 23

Sologenic co-founder criticizes SEC stand on crypto regulation

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bob Ras, the co-founder of Sologenic, expressed his worries about the SEC’s approach to cryptocurrency regulation in a Twitter thread, noting he thinks the agency’s has a lack of knowledge and an inconsistency in its attitude. The SEC’s strong efforts have […]

Security Laws Are Not Ready For The Digital Era4

23 May 23

Defendants in $18m fraud lawsuit argue SEC lacks authority over crypto

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Two individuals charged with orchestrating an alleged fraudulent cryptocurrency mining scheme amounting to $18 million have moved to dismiss the lawsuit filed against them by the United States Securities and Exchange Commission (SEC). On May 19, Wright Thurston and Kristoffer Krohn […]

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21 May 23

Ripple scores against SEC, blockchain adoption in China and South Korea, more ETH staked| Weekly recap

This week, a judge adjudicating the ongoing Securities and Exchange Commission (SEC) versus Ripple, the blockchain company, issued a landmark ruling. At the same time, Ripple announced crucial strategic expansions. Also, the number of staked ethereum (ETH) rose to record highs. Meanwhile, crypto adoption rate remained considerably high despite ongoing regulatory considerations. The crypto scene […]

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