U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler argued there’s nothing special about the assets or exchanges in the crypto sector, and their backers can’t hide behind claims that their tokens provide utility.
One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto
The U.S. Securities and Exchange Commission (SEC) tore off crypto’s bandage this week, with its back-to-back enforcement actions against two of the most prominent digital assets platforms, Binance and Coinbase (COIN), finally establishing its legal argument against the industry and setting up the future court fights that could decide everything.
U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan
This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.
Terra Co-Founder Daniel Shin Indicted in South Korea: Bloomberg
Shin was indicted with nine others as prosecutors froze $185 million in assets.
SEC’s Gensler seeks $2.4B in funding to chase down crypto ‘misconduct’
SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”
Crypto Exchange Beaxy Shut Down After SEC Lawsuit
Crypto platform Beaxy has officially closed its doors as the U.S. Securities and Exchange Commission (SEC) charged the company and its founder Artak Hamazaspyan with operating an unregistered exchange and brokerage, the agency said.
Is This Finally an Atomic Bomb From the SEC?
The U.S. Securities and Exchange Commission’s notice to Coinbase (COIN) that it’s likely to be accused of breaking securities laws could foreshadow an agency effort to break the back of the crypto sector as it now operates, but it also may finally force court rulings that define how the industry can move forward.
SEC Urges Investors to Be Cautious With Crypto Securities
Crypto Exchange Coinbase Shares Tumble 16% After SEC Enforcement Notice
The SEC issued Coinbase a Wells notice on Wednesday, which informs businesses that it is planning future enforcement action against them.
Coinbase CEO on its Wells Notice: SEC is like soccer referees in a game of pickleball
Brian Armstrong made the interesting analogy when asked to explain the firm’s recent “Wells Notice” in “NFL terms.”
UK Financial Regulator Expands Enforcement Against Crypto ATMs to East London
The FCA began enforcing its proclamation that crypto ATMs are illegal last month, inspecting sites in the northern city of Leeds.
US SEC Plans to Keep Growing Crypto Unit as Enforcement Ramps Up
The U.S. Securities and Exchange Commission (SEC) may ramp up its recent surge of cases targeting crypto firms by once again boosting the size of its digital assets enforcement squad.
SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler thinks the cryptocurrency industry is playing a game with his agency. He has said that companies are well aware of what they have to do to operate legally within the U.S., but they’ve decided not to do it – some of them in open scorn of the regulator.
Bernstein: SEC Tightening of Crypto Regulations Is not an Existential Threat
Some in the industry had expressed concerns that crypto was actively being removed from the banking system with an attack on stablecoins and custody rules, the report said.
Nexo shutters US Earn product a month after settling with regulators
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators.
US regulator touts to ‘aggressively police’ crypto in new report
The Commodity Futures Trading Commission (CFTC) says 20% of its enforcement actions were aimed at the digital assets market in the 2022 fiscal year.
Regulatory uncertainty creates rash of ‘novel’ lawsuits: Legal experts
“Litigation and enforcement activity is likely to accelerate in the current regulatory climate, perhaps in unpredictable ways,” says lawyers from Choate Hall & Stewart LLP.
Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments
A difficult-to-enforce ban may actually be part of a larger sanctions-avoidance strategy.
Automated Crypto Investing App Coinseed Faces Fraud Charges In NY, SEC Suits
Coinseed allegedly bilked investors of $1 million through false statements, hidden fees and a flopped token.
CFTC Sues Alleged Crypto Ponzi Scammer for $500K Theft
The CFTC is charging Breonna Clark and Venture Capital Investments with defrauding investors by pretending to run a commodity pool invested in crypto and foreign currency contracts.
