Ex-SEC Officials To Testify at SEC Crypto Hearing
The SEC crypto hearing will include testimony from former US SEC officials who will address concerns regarding the agency’s politicized approach to digital assets. Former high-ranking officials are scheduled to testify in a congressional hearing against the Securities and Exchange Commission (SEC). The SEC crypto hearing, “Dazed and Confused: Breaking Down the SEC’s Politicized Approach […]
Kraken Seeks Jury Trial in SEC Crypto Lawsuit
Kraken is pushing for a jury trial in its ongoing legal battle with the SEC, which a California judge recently allowed to proceed. The exchange joins Binance and Coinbase, who face similar SEC allegations of violating federal securities laws. It appears that the legal dispute between the SEC and Kraken, a significant cryptocurrency exchange, will […]
eToro to Cease Crypto Trading Except BTC, BCH, ETH
eToro and the U.S. Securities and Exchange Commission came to a $1.5 million settlement in response to accusations of breaking federal securities laws. In a deal made public by the SEC, eToro also committed to stop almost all cryptocurrency trading and transactions for clients in the United States. From now on, American users can only […]
TZERO Receives SEC, FINRA Approval for Digital Securities Custody
The Securities and Exchange Commission and the Financial Industry Regulatory Authority have given TZERO permission to provide custody of digital asset securities. In a press release released on September 10, tZERO stated that it plans to start its service in the first part of 2025 formally. The Series-A preferred equity asset on the platform, TZROP, […]
SEC’s Stance on Bank Crypto Custody Services Remain Unchanged
The United States Securities and Exchange Commission has evidently “dug in” on its stance on a rule that would restrict crypto custody services for regulated financial firms. SEC chief accountant Paul Munter addressed a banking conference on September 9 and addressed the agency’s regulatory posture on crypto asset accounting. He addressed SEC Staff Accounting Bulletin […]