SEC charges 11 people for $300 million cryptocurrency “pyramid scheme”
The Forsage founders and promoters are being sued by the SEC for allegedly supporting a $300 million “textbook pyramid and Ponzi scheme.” 11 people have been prosecuted by the Securities and Exchange Commission (SEC) for allegedly helping to establish the “fraudulent crypto pyramid scheme” platform Forsage. The SEC accused the platform’s creators and promoters of […]
Pat Toomey attributes crypto-ending platform crisis to SEC
A senator who supports cryptocurrency thinks SEC enforcement-based regulatory strategy is counterproductive. Senator Pat Tomey, well-known for his outspoken support of the cryptocurrency sector, claims that the Securities and Exchange Commission (SEC) of the United States could have stopped the loss of $12 billion in assets by investors who relied on Celsius, a platform for […]
Grayscale To Sue SEC Over Bitcoin ETF Rejection
Grayscale is looking to sue the Securities and Exchange Commission (SEC) after its application for a Bitcoin ETF was rejected SEC Rejects Grayscale Bitcoin ETF After the SEC rejected a request to turn Grayscale Investments’ Bitcoin trust into an exchange-traded fund, the company said it had filed a lawsuit. Late on Wednesday, Grayscale’s CEO, Michael […]
SEC Approves Valkyrie Bitcoin Futures ETF
SEC approved Teucrium’s Bitcoin futures exchange-traded fund (ETF) in April, making it the first of its kind to be approved under the ’33 Act. The Securities and Exchange Commission (SEC) of the United States has approved Valkyrie’s futures exchange-traded fund (ETF) application. This is another ETF that has been approved by the SEC, which has […]
Binance Invests $500M to support Elon Musk’s Twitter acquisition
According to data from the US Securities and Exchange Commission, major crypto exchange Binance and 18 other co-investors participated in Elon Musk’s $44 billion acquisition of Twitter. On May 5, Musk filed a revised general statement of acquisition, indicating that Twitter had acquired new finance commitments totaling $7.2 billion in conjunction with the merger deal, […]