‘Crypto Mom’ Hester Peirce blasts SEC for $10m Poloniex settlement
Hester Peirce, has lambasted the SEC’s $10 million settlement with Poloniex, questioning the opaque restrictions that crypto companies in the United States must navigate. Commissioner Hester Peirce, also known as “Crypto Mom ,” has lambasted the United States government. The Securities and Exchange Commission (SEC) has awarded Poloniex a $10 million settlement following a legal […]
Poloniex settles unregistered exchange charges with the SEC
Poloniex will reportedly pay over $10 million as settlement charges of operating an unregistered online digital asset exchange to the Securities and exchange commission. Poloniex LLC has agreed to pay more than $10 million to settle charges of operating an unregistered online digital asset exchange in connection with its operation of a trading platform that […]
SEC files first enforcement action in $30M DeFi project fraud case
“The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back,” stated the SEC. Securities and Exchange Commission may take enforcement action against a Cayman Islands-based corporation and two individuals in the field […]
Decentralization is the only thing that will save DeFi projects, asserts SEC commissioner
Commissioner Pierce of the Securities and Exchange Commission believes that the only way for DeFi founders to avoid financial regulation is to ensure complete decentralization from the start. In a recent blog post, Hester Pierce of the Securities and Exchange Commission of the United States , also known as “Crypto Mom,” expressed concern about widespread […]
SEC has no jurisdiction over cryptocurrency, says CFTC commissioner
According to Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), the CFTC is the only U.S. regulatory agency with experience in regulating Bitcoin and cryptocurrency markets and not SEC. The Securities and Exchange Commission (SEC) of the United States has expanded the scope of its oversight of the cryptocurrency industry, but a […]