SEC charges ICO Issuer With Fraud For Issuing Out Unregistered Security
ICO fraudsters from the 2017-18 bull market are still being pursued by the SEC During the last major cryptocurrency bull market, initial coin offerings raised tens of billions of dollars. The Securities and Exchange Commission (SEC) of the United States has charged a cryptocurrency issuer with “materially false and misleading representations.” This is in relation […]
Notable Dates That Will See SEC vs Ripple Case Through to 2022
The lawsuit by the US Securities and Exchange Commission’s against crypto payment company Ripple is taking much longer than expected. The US Securities and Exchange Commission filed a lawsuit against Ripple in December 2020, alleging that Ripple has raised more than $1.3 billion in ongoing unregistered securities offerings by selling XRP. Attorney Jeremy Hogan, who […]
Two Times In a Row: VanEck’s Bitcoin ETF Decision Rejected
The regulator has extended the review period of the VanEck’s bitcoin bid by 45 days for a second time The United States Securities and Exchange Commission (SEC) keeps kicking the bitcoin exchange-traded fund (ETF) down the drain. In a filing on Wednesday, the regulator once more delayed passing judgement on the VanEck Bitcoin Trust. The […]
SEC blocks overseas partners from commenting on Ripple (XRP) lawsuit
Ripple’s request to stop the SEC from seeking information from foreign partners, via their respect regulators, gets denied. Judge Netburn denied Ripple’s motion to stop the discovery of foreign requests for assistance by the U.S Securities and Exchange Commission (SEC), as per a filing yesterday. The decision scores a partial victory for the U.S. securities regulator. It seeks […]
Gensler Says SEC Should Be ‘Ready to Bring Cases’ Involving Crypto
U.S. Securities and Exchange Commission (SEC) chief Gary Gensler said Thursday that federal financial regulators should “be ready to bring cases” against bad actors in crypto and other emerging technologies. “As we continue to stay abreast of those developments, the SEC and FINRA [the Financial Industry Regulatory Authority] should be ready to bring cases involving […]