SEC Crypto Enforcement Soars to $4.7B from $150.3M in 2023
The US SEC has implemented enforcement actions against crypto firms and executives in 2024, totaling nearly $4.7 billion, representing a more than 3,000% increase from 2023. According to a report from Social Capital Markets on Sept. 9, the SEC’s record-setting year was primarily attributed to its “largest enforcement action to date,” a $4.47 billion settlement […]
Brad Garlinghouse Criticizes SEC’s Confusing Regulations
Ripple CEO Brad Garlinghouse criticizes the SEC for hypocrisy in crypto regulations amid changes in the Binance lawsuit. Brad Garlinghouse, the CEO of Ripple, has criticized the US Securities and Exchange Commission (SEC) for its duplicity in its regulation of cryptocurrency. The comments were made in the context of the recent developments in the SEC’s […]
Cboe Confims Spot Ethereum ETF New Listing Launch Date
The Cboe Exchange has issued a new filing that has confirmed the rising reports that spot Ethereum ETF products will start trading next week. Several analysts and market observers have expressed optimism regarding the United States Securities and Exchange Commission (SEC) granting its ultimate approval to spot Ethereum ETF trading by July 23. Nevertheless, the […]
Federal Court Overturns SEC Private Fund Fee Disclosure Rules
The US Fifth Circuit Court invalidated SEC rules requiring quarterly fee disclosures by hedge funds and private equity firms, a setback for SEC’s transparency efforts. The SEC’s regulations requiring hedge funds and private equity firms to disclose quarterly fees and expenses were invalidated by the US Fifth Circuit Court of Appeals in New Orleans in […]
Coinbase, SEC Clash Over Investment Definition in Appeal
Coinbase accuses SEC of sidestepping legal precedent in appeal over staking program classification. In its most recent assault against the United States Securities and Exchange Commission (SEC), Coinbase has relied extensively on case law and reached the uncommon conclusion that “the SEC attempts to circumvent the [Howey] test.” May 24 saw the submission of a […]