Wall Street reportedly under probe by US SEC
The United States Securities and Exchange Commission (SEC) is reportedly investigating Wall Street investment advisors who could be providing digital assets/custody to their clients without the necessary credentials. According to a Jan. 26 Reuters article citing “three persons with knowledge of the matter,” the SEC’s investigation has been ongoing for a while but picked up […]
Grayscale-SEC lawsuit now schedules for March 7
Following the bankruptcy issue of Genesis Global, a district of Columbia Court of Appeals has set the date for Grayscale’s legal action against the Securities and Exchange Commission (SEC) to March 7 2023 as opposed to the initial date in April. The District of Columbia Court of Appeals has scheduled March 7 to hear oral […]
Philippine SEC warns against unlicensed crypto exchanges
After the FTX collapse, the Philippine government warned investors within the country about using unlicensed crypto exchanges. A warning against utilizing unregistered cryptocurrency exchanges operating in the Philippines was issued by the Securities and Exchange Commission (SEC). The SEC warned against “the recent failure of a large international cryptocurrency exchange,” without specifically mentioning the FTX […]
SEC official warns investors of crypto proof-of-reserve audits
Investors have been cautioned by top Securities and Exchange Commission (SEC) official Paul Munter to be “extremely careful” when relying on a cryptocurrency company’s “proof-of-reserves” audit. In an interview with The Wall Street Journal on December 22, Paul Munter, the acting top accountant of the SEC, said, “We’re telling investors to be extremely skeptical of […]
SEC considers FTT to be a security
FTT, the native token of the now-defunct cryptocurrency exchange FTX, has been categorized as a security by the U.S. SEC in a recent complaint. The SEC said in a complaint filed late Wednesday that FTX’s exchange token FTT was promoted as an investment contract and thus is a “security.” According to the regulatory watchdog, FTT […]