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Celsius Network and Former CEO Face Potential Legal Action By US Regulators
Thursday, July 6, 2023 - 9:11am | 476The Commodity Futures Trading Commission (CFTC) has found that the now-defunct crypto lender Celsius Network (CRYPTO: CEL) and its previous CEO, Alex Mashinsky, violated U.S. regulations prior to the company's collapse. If the CFTC's commissioners concur with these findings, a lawsuit could...
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Coinbase Wins Supreme Court Ruling As CEO Armstrong Continues Share Liquidation
Friday, June 23, 2023 - 12:07pm | 457In a 5-4 decision, the U.S. Supreme Court on Friday ruled in favor of Coinbase Global Inc (NADSAQ: COIN), reinforcing the prerogative of companies to direct customer and employee disputes into arbitration. The judicial endorsement comes amid CEO Brian Armstrong’s sale of an additional $1.66...
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Binance.US Scrambles To Avert Meltdown As SEC Asset Freeze Threatens Firm's Future
Tuesday, June 13, 2023 - 9:20am | 467The legal spat between cryptocurrency exchange Binance Holdings Ltd. and the U.S. Securities and Exchange Commission (SEC) is scheduled for a hearing before Judge Amy Berman Jackson in a federal court in Washington on Tuesday. The hearing comes as lawyers for Binance.US petition a federal...
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Crypto Whales Dive Deep Amid SEC's Binance Charges, Spotting Opportunities In Turbulence
Tuesday, June 6, 2023 - 11:33am | 474Notwithstanding the market volatility following the Securities and Exchange Commission's (SEC) charges against Binance for purported violations of the nation's securities laws, blue-chip firms and institutional investors are lapping up the opportunity to purchase tokens at...
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SEC Expected To Target Coinbase In Regulatory Action, Says Berenberg Report
Tuesday, May 16, 2023 - 10:49am | 509The Securities and Exchange Commission (SEC) is expected to launch regulatory action against Coinbase Global Inc (NASDAQ: COIN) soon, according to a research report from Berenberg. It's a move that might resemble previous actions against competing cryptocurrency exchanges such as...
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Bitcoin Association Moves From New York To Washington D.C.: Was it Restrictive State Regulations Or A Change In Focus?
Wednesday, May 3, 2023 - 5:16pm | 375The well-known cryptocurrency advocacy group Blockchain Association made the decision to relocate to Washington, D.C., and focus on federal policies as the regulatory pressure on the digital assets industry grows. What Happened: The organization is moving resources out of New...
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Coinbase Warns SEC: Don't Mess With Crypto's Big Dog
Thursday, April 27, 2023 - 5:15pm | 489Coinbase Global Inc. (NASDAQ: COIN) is taking steps to prevent the SEC from filing a lawsuit against the firm, emphasizing the challenges the agency might face in such a legal battle. In a detailed response to the SEC's March Wells Notice, which indicated the regulatory agency's intention...
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Stablecoin Showdown: House Republicans Shake Up Digital Currency Landscape, Target SEC's Control
Tuesday, April 25, 2023 - 4:50pm | 414House Republicans are proposing new draft legislation that would limit the Securities and Exchange Commission's (SEC) jurisdiction over payment stablecoins. The proposed bill shifts the oversight of stablecoins to federal and state bank and credit union regulators, The Block reported. The move...
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Do Kwon's Lawyers Dismiss SEC's Securities Fraud Allegation, Say Agency Is Using Antiquated Laws To Regulate Cryptocurrencies
Sunday, April 23, 2023 - 4:00pm | 428In a court filing last Friday, lawyers for Terra (CRYPTO: LUNA) cofounder Do Kwon asked a judge to dismiss the U.S. Securities and Exchange Commission's lawsuit against the disgraced crypto CEO, asserting that the regulatory agency's accusation ...
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Crypto Exchange Binance Faces Brazilian Police Probe, Accused Of Ignoring Stop Order
Thursday, April 20, 2023 - 5:34pm | 343Brazilian authorities have launched an official investigation into Binance (CRYPTO: BNB), the largest cryptocurrency exchange by trading volume, over allegations of financial crimes executed through its derivatives offerings. O Globo reported that the probe was initiated following a tip-off from...
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Gensler Says Securities Law Is Time-Tested, Crypto Just Needs To Fall In Line
Wednesday, April 19, 2023 - 2:37pm | 592Securities and Exchange Commission Chair Gary Gensler continued to hint that ether, among other crypto tokens, may face increased scrutiny as an unregistered security. And with securities laws time-tested, the industry better get in line. "If the public is anticipating profits based upon the...
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Chia Network's Daring Public Move: Crypto Startup Defies Odds In Pursuit Of IPO
Friday, April 14, 2023 - 3:15pm | 461Cryptocurrency startup Chia Network Inc. announced on Friday that it has taken a significant step towards a U.S. initial public offering (IPO) by confidentially submitting a draft registration statement to the Securities and Exchange Commission (SEC). In 2021, the company was valued at...
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Justin Sun Summoned By US Court Over Alleged Securities Violations, Wash Trading Scheme
Thursday, April 13, 2023 - 11:27pm | 364Justin Sun, the founder of cryptocurrency firms Tron Foundation and BitTorrent Foundation, has reportedly received a summons from a U.S. court in the Southern District of New York on Thursday. What Happened: The summons came after the Securities and Exchange Commission (SEC) brought enforcement...
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Insider Trading Is Alive And Well: SEC Goes After Hedge Funder For Millions
Friday, March 31, 2023 - 12:54pm | 560The Securities and Exchange Commission (SEC) on Thursday brought insider trading charges against two individuals for allegedly using non-public information to profit from at least seven merger announcements involving special purpose acquisition companies (SPACs). What Happened: Sean Wygovsky,...
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Gensler Urges Congress To Increase Funding For SEC To Investigate Cryptocurrency Issues
Wednesday, March 29, 2023 - 6:05pm | 355U.S. SEC Chair Gary Gensler described the crypto markets as the "Wild West" on Wednesday, and called for more employees to enforce the nascent industry, which he claims is rife with non-compliance. Speaking at a hearing before the Subcommittee on Financial Services and General Government...