Mark Cuban Urges US SEC to Learn Japan’s Crypto Regulations
Cuban’s criticism of the SEC’s crypto laws reflects concerns about the regulatory landscape and the cryptocurrency industry’s future. Recently, billionaire Mark Cuban has expressed his support for digital assets while criticizing the U.S. Securities and Exchange Commission’s (SEC) approach to crypto regulations. According to him, the current Biden administration and the SEC must draw lessons from Japan regarding […]
Congressman Criticizes US SEC, Gensler Over Violations & SAB 121 Rule
House Majority Whip Tom Emmer criticizes SEC Chairman Gary Gensler for handling SAB 121, expressing concerns over regulatory overreach. Tom Emmer, majority whip of the House of Representatives, has criticized Securities and Exchange Commission (SEC) Chairman Gary Gensler for his management of Staff Accounting Bulletin (SAB) 121. Emmer argues that Gensler’s methodology is in opposition […]
US SEC Delays Decision on 7RCC’s Spot Bitcoin ETF Application
7RCC Global asked to wait two more months for the SEC decision on its spot Bitcoin ETF application centered on carbon credits after the initial five-month wait. 7RCC Global has been informed that it must wait an additional two months before the United States Securities and Exchange Commission (SEC) decides on its spot Bitcoin ETF […]
Lawmakers Urge US SEC to Approve Bitcoin Options Trading
Legislators from the United States reportedly urged the Securities and Exchange Commission to permit trading options on exchange-traded products (ETPs) involving Bitcoin. Axios reports that in a recent letter to the commission’s chief, Gary Gensler, Representatives Mike Flood and Wiley Nickel urged the SEC to cease discriminating against cryptocurrency funds. The bipartisan letter states, “We […]
US SEC Sues Geosyn Mining, Owners for $5.6M Fraud
The US Securities and Exchange Commission (SEC) has sued Geosyn Mining and its owners, claiming they misled and misappropriated its investors’ funds. Through service agreements offered as securities between November 2021 and December 2022, Geosyn, its CEO Caleb Joseph Ward, and former operating head Jeremy George McNutt allegedly deceived about 64 investors, according to the […]