SEC Gets Green Light to Seek Singapore Records in Do Kwon Case
The SEC has obtained a court order to seek records from Singapore’s regulator as part of its lawsuit against Terraform Labs and its founder Do Kwon for allegedly defrauding investors through a stablecoin scheme. In February, the SEC filed a lawsuit against Terraform and Kwon, accusing them of offering unregistered securities and engaging in a […]
Crypto Industry Opposes US SEC’s DeFi Regulation Plan
The US Securities and Exchange Commission (SEC) announced its intention to regulate decentralized finance (DeFi) platforms that trade crypto securities. He said that this would protect investors and enhance cybersecurity. However, Gensler’s plan has met with strong opposition from the crypto industry and some US lawmakers. They argue that Gensler is overstepping his authority and […]
Binance Intentionally Breaks US Laws – CFTC Chair
According to a Bloomberg report, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reprimanded Binance for intentionally violating regulatory rules and failing to keep Americans off the crypto exchange. During an engagement at Princeton University, CFTC Chairman Rostin Behnam argues that Binance’s executives are “not simpletons.” They have established large corporations that offer futures contracts […]
Thailand SEC Eases ICO Restrictions
Thailand’s SEC has announced plans to ease restrictions on retail investments in ICOs to boost digital investments in the country. The SEC formally declared on March 30 that the Thai securities regulator is willing to lift the 300,000 baht ($8,800) per person cap for asset-backed ICOs in order to permit larger investments in infrastructure and […]
Crypto Exchange Beaxy Shuts Down Amid SEC Charges
The cryptocurrency platform Beaxy and its management have been charged by the Securities and Exchange Commission (SEC). The banking watchdog’s continuous, ruthless onslaught on crypto companies doing business in the United States continues with this latest move. The SEC also filed charges against Chicago-based Beaxy Digital Ltd. for allegedly generating $8 million through the sale […]