SEC

DeFi projects could come under SEC's oversight, says chairman Gensler

SEC chair Gensler calls for more regulation on stablecoins and crypto firms’ custody, market-making arms

advertisement The Securities and Exchange Commission is considering new firewalls for custody and market-making businesses at crypto firms and pushing for more SEC oversight of stablecoins. During an April 4 speech to the University of Pennsylvania’s law school, SEC chair Gary Gensler said:  “Unlike traditional exchanges, currently centralized crypto trading platforms generally take custody of …

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What SEC v. Ripple has in common with the allegations against Sun, TRON

What SEC v. Ripple has in common with the allegations against Sun, TRON

If TRON DAO – née TRON – wasn’t enough of a conversation starter, an investigative piece by journalist Chris Harland-Dunaway published in The Verge dropped a bomb. It accused Tron founder Justin Sun of actions ranging from getting ICO ban tip-offs to insider trading. In a conversation with journalist Laura Shin, Harland-Dunaway revealed more details …

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Is the US SEC playing on the back-foot with Ripple's offensives in court?

Is the US SEC playing on the back-foot with Ripple’s offensives in court?

The US Securities and Exchange Commission (SEC) has been facing the heat from different directions. The US regulatory watchdogs had locked horns in an ongoing battle with the fintech firm, Ripple Labs. Here, Defendant had launched offensive attacks against the SEC, allegedly to put the latter in the back seat. An action filed by Empower …

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SEC chair Gensler pitches his crypto vision at exclusive House Democrat event

SEC chair Gensler pitches his crypto vision at exclusive House Democrat event

Gary Gensler, chairman of the Securities and Exchange Commission, is continuing to pitch lawmakers on his vision for crypto oversight out of the public eye. Gensler addressed Democrats of the House Financial Services Committee on February 15. The call took place during an annual retreat for Democratic members and legislative staff.  The Block obtained an …

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SEC Asks Bitwise to Address Concerns About Proposed Spot Bitcoin ETF

SEC Asks Bitwise to Address Concerns About Proposed Spot Bitcoin ETF

The SEC has asked Bitwise to clarify how the investment firm will prevent share manipulation, fraud and other potential issues in its proposed spot bitcoin ETF, according to a notice to the company on Tuesday. The agency also flagged its concerns about the Bitwise Bitcoin ETP Trust’s liquidity and transparency and requested more color on …

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SEC commissioner Hester Peirce is expecting growth in NFT use cases in 2022

SEC commissioner Hester Peirce is expecting growth in NFT use cases in 2022

advertisement SEC commissioner Hester Peirce says she’s expecting an increase in the financialization of non-fungible tokens (NFTs) in 2022, and that means holders will have to keep an eye on the ways their activity could run into securities laws. In an interview with CoinDesk’s First Mover on Thursday, Peirce delivered her 2022 outlook. Peirce said …

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SEC obtains judgment against BitConnect's lead promoter

SEC obtains judgment against BitConnect’s lead promoter

advertisement The Securities and Exchange Commission (SEC) has obtained a judgment against the the lead promoter of alleged Ponzi scheme BitConnect, according to a new release from the regulator. The United States District Court for the Southern District of New York entered judgments against Glenn Arcaro, BitConnect’s lead U.S. promoter. Arcaro allegedly promoted BitConnect to …

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SEC asks court to enforce subpoena against crypto startup Terraform Labs

SEC asks court to enforce subpoena against crypto startup Terraform Labs

advertisement A spat between crypto startup Terraform Labs, its CEO Do Kwon and the Securities and Exchange Commission (SEC) entered a new phase when the U.S. securities regulator went to court seeking an order to enforce an investigative subpoena. Kwon was served with a subpoena during a crypto industry event in September in New York, …

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US Treasury Report to Give SEC Oversight on Stablecoins: Report

US Treasury Report to Give SEC Oversight on Stablecoins: Report

The U.S. Securities and Exchange Commission (SEC) may have moved one step closer to achieving significant oversight on stablecoins. According to a Bloomberg article on Monday, which cited people familiar with the matter, a report expected this week by the U.S. Treasury Department and other agencies will indicate that the SEC has significant authority to …

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Terra’s Do Kwon Was Served by SEC, New Lawsuit Shows

Terra’s Do Kwon Was Served by SEC, New Lawsuit Shows

Terraform Labs CEO Do Kwon is suing the U.S. Securities and Exchange Commission (SEC). The builder of decentralized finance (DeFi) platform Terra confirmed he was served with an SEC subpoena at Messari’s Mainnet conference last month, according to a lawsuit filed Friday by both Kwon and Terraform Labs. The matter stretches back to May 2021, when SEC’s Enforcement …

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