SEC

What do SEC and CFTC press releases reveal about crypto regulation efforts?

What do SEC and CFTC press releases reveal about crypto regulation efforts?

Quick Take We analyzed the press releases of the SEC and the CFTC to draw insights on crypto-related enforcement efforts In 2020, we’ve seen the growth of crypto enforcement from the SEC drop while rising for the CFTC This research piece is available to members of The Block Genesis. You can continue reading this Genesis …

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SEC issues no-action letter in response to digital asset securities questions

SEC issues no-action letter in response to digital asset securities questions

A September 25 letter from the Securities and Exchange Commission (SEC) has cleared the way for additional means of using alternative trading systems to facilitate the trade of digital asset securities. The no-action letter, drafted by the SEC’s Division of Markets and Trading and addressed to FINRA vice president of risk oversight and operational regulation …

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U.S SEC, OCC issue first regulatory guidance for stablecoins 

U.S SEC, OCC issue first regulatory guidance for stablecoins 

U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should …

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Rapper T.I. settles with SEC for promoting a fraudulent ICO

Rapper T.I. settles with SEC for promoting a fraudulent ICO

Rapper Clifford Harris Jr., who performs under the name T.I., has settled charges with the Securities and Exchange Commission (SEC) related to his promotion of an initial coin offering (ICO). A Friday press statement from the SEC detailed two fraudulent initial coin offerings — one for a digital streaming service FLiK and another for a …

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SEC Charges Rapper TI With Securites Violations for ICO

SEC Charges Rapper TI With Securites Violations for ICO

The U.S. Securities and Exchange Commission (SEC) charged two crypto startups and eight individuals including rapper Clifford Harris Jr., more commonly known as T.I., with violating the Securities Act of 1933 and other charges due to their involvement with a pair of initial coin offerings (ICOs). The SEC alleged Friday that film producer Ryan Felton …

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The Logbook: The pirate stock exchange

The Logbook: The first time the SEC sued a minor

Quick Take In 2000, the SEC brought its first case ever against a minor The financial enforcement agency accused then 15-year-old Jonathan Lebed of stock manipulation  This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block. Source link

SEC and CFTC say Maryland Ponzi scheme defrauded over 1,000 investors out of $27 million by promising crypto trading returns

SEC and CFTC say Maryland Ponzi scheme defrauded over 1,000 investors out of $27 million by promising crypto trading returns

The Securities and Exchange Commission (SEC) and Commodities Future Trading Commission (CFTC) have both charged a Maryland-based Ponzi scheme for allegedly defrauding over 1,000 investors to the tune of over $27 million. The defendants allegedly told participants their funds would be used by licensed traders for foreign exchange and cryptocurrency trading. Over the course of …

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SEC official who helped spearhead ICO enforcement actions is leaving the agency

SEC official who helped spearhead ICO enforcement actions is leaving the agency

The Securities and Exchange Commission (SEC) announced Wednesday that Division of Enforcement co-director Steven Peikin will leave the agency this month.  Peikin joined the agency in 2017 at a time when the SEC was coming up against a number of cryptocurrency court cases. The agency lost several of these cases before it refined its enforcement …

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