US SEC Legal Officer Warns Of More Crypto Scrutiny In Sept
The legal officer warned other regulators that the US SEC may escalate enforcement actions this month. Jake Chervinsky, the Chief Legal Officer of VariantFund, suggested that the market may experience an increase in US SEC enforcement actions by the end of September. Despite the criticisms of executives, United States regulators persist in their obstructed approach […]
US SEC Fines Galois Capital for FTX Crypto Custody
The US SEC has charged Galois Capital Management, a fund adviser, with failing to correctly custody client assets. The charges for Galois Capital Management include holding investor funds with the now-defunct cryptocurrency exchange FTX. According to reports, the collapse of FTX resulted in the capital management firm losing approximately half of its assets. US SEC […]
XRP Community Accuses US SEC of Favoring Bitcoin and Ethereum
The XRP community accuses the US SEC of favoring Bitcoin and Ethereum, citing inconsistent treatment, escalating debate over the agency’s handling of the crypto markets. The XRP community has criticized the US SEC for allegedly manipulating the crypto market. In a recent series of social media posts, numerous crypto enthusiasts accused the SEC of favoring […]
Crypto Advocates Fault US SEC Note to OpenSea Marketplace
Gary Gensler, the US SEC Chair, has been the subject of criticism by Crypto and blockchain leaders for issuing a Wells notice to OpenSea, an NFT marketplace. According to Devin Finzer, CEO of OpenSea , the US SEC had warned the NFT platform about the possibility of an enforcement action on August 28. The Wells […]
OpenSea Faces Wells Notice From US SEC
OpenSea, a non-fungible trading platform, received a Wells Notice from the Gary Gensler-led SEC in another crackdown step. OpenSea, the leading platform for trading Non-Fungible Tokens (NFTs), has just been served a Wells Notice by the U.S. Securities and Exchange Commission (SEC). This marks another instance in a series of actions taken against entities in […]