Prometheum Faces Setback After Gensler’s Exit
Prometheum’s future is uncertain after Gensler’s departure and rumors of a pro-crypto SEC Chair under Trump. Prometheum, a cryptocurrency company based in the United States, has previously benefited from Gary Gensler’s stricter stance on cryptocurrencies. Nevertheless, current attitudes regarding the future of the company have undergone a paradigm shift as a result of Donald Trump’s […]
SEC Approves $4.6M Payout to BitClave ICO Investors
The SEC will distribute over $4.6 million to investors affected by BitClave’s unregistered ICO. The payout follows a claims process under the BitClave Fair Fund. The U.S. Securities and Exchange Commission (SEC) has verified the distribution of more than $4.6 million to investors who were affected by the unregistered initial coin offering (ICO) of blockchain […]
Ripple Legal Chief Advises SEC on Crypto Reform
Ripple’s legal chief, Stuart Alderoty, urged the incoming SEC leadership to end non-fraud crypto cases and collaborate with Congress on clear regulations. Ripple Legal Chief’s take on Crypto Reform On Thursday, Stuart Alderoty, Ripple’s chief legal officer, revealed his recommendations for the incoming U.S. Securities and Exchange Commission (SEC) leadership on the social media platform […]
SEC Commissioner Jaime Lizárraga to Resign in January
After Commissioner Jaime Lizárraga announced his resignation, the U.S. Securities and Exchange Commission will see another departure in January. According to Bloomberg Law, the former congressional aide said he would depart the agency on January 17. Only one day has passed since SEC Chair Gary Gensler announced his resignation, which will take effect on January […]
Elon Musk Overtakes SEC’s Attempt Over Twitter Deal
Elon Musk has achieved a significant victory against the Securities and Exchange Commission (SEC) by successfully opposing the agency’s attempt to impose sanctions on him for failing to attend court-ordered testimony. The case, which was associated with Musk’s $44 billion acquisition of Twitter, underwent a significant turn when Judge Jacqueline Scott Corley rendered a decision […]