SEC

SEC asks court to enforce subpoena against crypto startup Terraform Labs

Crypto firms could face fallout from SEC insider trading case against former Coinbase employee

The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) on July 21 brought parallel criminal and civil actions against a former Coinbase employee, his brother and his friend for allegedly running an insider trading scheme. While the legal proceedings play out, a number of firms may be caught in the crossfire. …

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CFTC conducting probe of decentralized prediction platform Polymarket: report

CFTC commissioners speak up after SEC files crypto insider trading case

Members of the Commodity Futures Trading Commission (CFTC) stressed the need for more regulatory collaboration after the Securities and Exchange Commission (SEC) lodged a digital assets insider trading case today against a former Coinbase employee and his associates. CFTC commissioners were unusually public in calling for more collaboration. Commissioner Caroline Pham called the action …

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BitConnect founder indicted for alleged $2.4 billion Ponzi scheme

Court sides with SEC in ICO promotion case against former McAfee assistant

The US Securities and Exchange Commission (SEC) on July 14 obtained a final consent judgment against John McAfee’s former assistant Jimmy Gale Watson, Jr., for his alleged role in McAfee’s initial coin offering (ICO) promotion.  The final consent judgment with the U.S. District Court for the Southern District of New York requires Watson to …

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US Appeals Court Orders SEC to Bring Enforcement Actions to Jury Trials

US Appeals Court Orders SEC to Bring Enforcement Actions to Jury Trials

The SEC alleged in 2013 that George Jarkesy Jr. and his firm, Patriot28 LLC, violated federal securities law by misstating his hedge funds’ assets. The case was tried before an administrative law judge, rather than before a civil court. These administrative law judges, or in-house judges, may have violated Jarkesy’s seventh amendment rights to a …

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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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