Coinbase petitions SEC explaining why staking is not securities
Coinbase cryptocurrency exchange talks about crypto staking in the industry, petitioning the securities and exchange commission (SEC) with an explanation as to why staking cannot be generally classified as securities. The “Rulemaking Petition” was released by Coinbase on March 20. In an 18-page report, the company analyzed how securities legislation considers services associated with establishing […]
SEC offers internships opportunities to college students
The United States Securities and Exchange Commission (SEC) is now accepting students seeking internships for its Scholars Program for Fall 2023 starting at $15.09 an hour. The SEC is seeking “student trainees” for its business and legal programs, with the business program traineeship at its Washington D.C. headquarters paying between $15.09 and $28.83 per hour. […]
SEC revokes crypto startup ParagonCoin’s registration
ParagonCoin, a crypto startup owned by American rapper Jayceon Terrell Taylor, best known by his stage name “The Game,” according to the SEC has violated securities laws for failing to submit required disclosures leading to its registration being revoked. The SEC withdrew the license of ParagonCoin Ltd, a cryptocurrency corporation that specializes in the marijuana […]
SEC fines former NBA player $1.4M over crypto promotion
Paul Pierce, was prosecuted by the SEC on February 17, 2023 for promoting and making false statements about EMAX tokens. Through social media sites, Paul Pierce made and spread fraudulent and deceptive promotional remarks about EMAX, a coin that EthereumMax offered and sold. Throughout the trial, Pierce omitted saying how much he was paid for […]
SEC plans to pursue crypto firms acting as “qualified custodians”
The Securities and Exchange Commission (SEC) of the United States is allegedly set to propose new regulatory changes this week that may affect what services crypto businesses can offer their clients. According to a Feb. 14 Bloomberg story citing “people familiar with the matter,” the securities regulator is working on a draft proposal that would […]