SEC Chairman Investigated Over Ethical Violations
The United States SEC Ethics Committee is investigating Chair Gary Gensler and FTX Founder Sam Bankman-Fried’s relationship. Gary Gensler, the United States Securities and Exchange Commission (SEC) chairman, is being investigated by the agency’s ethics committee for his alleged connections to Sam Bankman-Fried (SBF), the founder of the defunct cryptocurrency trading platform FTX Derivatives Exchange. […]
Court Appoints New Judge for Coinbase vs. SEC Legal Battle
The current judge in the lawsuit brought against Coinbase by the U.S. Securities and Exchange Commission (SEC) has been replaced. The current Judge in the U.S. Securities and Exchange Commission (SEC) lawsuit has been substituted less than ten days after the filing of charges by the agency. Earlier, the regulatory agency launched a new set […]
Bitcoin Dip Below $25K: First in Three Months
As a result of the Federal Reserve’s decision to halt interest rate hikes, the price of Bitcoin fell by 4%. Bitcoin’s price has fallen below $25,000 for the first time since March 17 in response to a hawkish Fed statement during another turbulent week for the cryptocurrency industry. According to data from TradingView, the price of Bitcoin […]
Binance.US Pursues Revoking US SEC’s Request Over Its Funds
Binance.US has asked a federal judge to reject the SEC’s request to freeze its assets, contending that doing so will cease its operations. Binance, during a legal battle with the regulator, the US has urged a federal magistrate to deny the US SEC’s request to freeze assets on the cryptocurrency exchange. There are reports that […]
Price of Ethereum Signals Strong Buy
Ethereum began the week by consolidating losses from the previous week, which was marred by the US SEC’s enforcement. Gary Gensler, chairman of the Securities and Exchange Commission, states in a video extensively shared on social media that the two most prominent cryptocurrencies, Ethereum (ETH) and Bitcoin (BTC), are not securities. Even though the video […]