SEC

Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

On 22 December, SEC charged Ripple for allegedly raising funds, through the sale of XRP in an “unregistered securities offering to investors.” According to the filing, co-founder Chris Larsen and CEO Brad Garlinghouse also “effected personal unregistered sales of XRP totaling approximately $600 million.” This action instigated by the SEC resulted in the immediate drop …

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Personal financial records of Ripple execs sought by the SEC

Personal financial records of Ripple execs sought by the SEC

The cryptocurrency market has been witnessing quite an event unfolding between the U.S. Securities and Exchange Commission and Ripple. There has been a lot of back and forth between the two parties and as per the latest development, the SEC is seeking the personal financial information of the Ripple executives named in the lawsuit. Ripple …

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Bittrex delists XRP in wake of SEC proceedings against Ripple

Bittrex delists XRP in wake of SEC proceedings against Ripple

It looks like the fate of XRP continues to wane as yet another exchange suspended trading of Ripple’s native crypto today. Crypto exchange Bittrex said that it has paused XRP trading, because of the US Securities and Exchange Commission accusing Ripple as well as co-founder Chris Larsen and CEO Brad Garlinghouse of allegedly raising over …

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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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