Category: SEC

Jed McCaleb’s Ripple Stash Down to 81 Million — Co-Founder’s XRP Cache Likely to Dry Up This Year

Jed McCaleb’s Ripple Stash Down to 81 Million — Co-Founder’s XRP Cache Likely to Dry Up This Year

After selling billions of xrp tokens since 2014, the former Ripple Labs executive Jed McCaleb only has 81.53 million xrp left to sell. In mid-February 2021, it was expected that McCaleb’s stash would run dry that year in May. However, the selling took much longer, but today’s data shows there’s only $26 million worth left. […]

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SEC Rejects Grayscale Spot Bitcoin ETF Sparking Lawsuit

SEC Rejects Grayscale Spot Bitcoin ETF Sparking Lawsuit

On June 29, the U.S. securities regulator rejected the proposal by Grayscale to list a spot Bitcoin exchange-traded fund (ETF) on the NYSE Arca exchange. According to the SEC, the proposal did not meet standards designed to prevent fraudulent and manipulative market practices. It stated that the rejection was not based on an “assessment of […]

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SEC Chair Gensler Affirms Bitcoin Is a Commodity — ‘That’s the Only One I’m Going to Say’

SEC Chair Gensler Affirms Bitcoin Is a Commodity — ‘That’s the Only One I’m Going to Say’

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says bitcoin is a commodity. He emphasized that the SEC, the Commodity Futures Trading Commission (CFTC), and banking regulators will collaborate to oversee the crypto sector. Gary Gensler: Bitcoin Is a Commodity SEC Chairman Gary Gensler clarified his position on cryptocurrency, particularly bitcoin, […]

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SEC Chair Gensler Proposes ‘One Rule Book’ Crypto Regulation

SEC Chair Gensler Proposes ‘One Rule Book’ Crypto Regulation

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reportedly proposed “one rule book” for the regulation of crypto assets. “If this industry is going to take any path forward, it will build some better trust in these markets,” said Gensler. SEC Chairman Calls for One Rule Book for Crypto SEC […]

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SEC Chair Seeks Formal Deal With the CFTC for Crypto Regulation 

SEC Chair Seeks Formal Deal With the CFTC for Crypto Regulation 

US Securities and Exchange Commission (SEC) Chair Gary Gensler has sought a formal cooperation between financial agencies to regulate the crypto assets effectively. One Rulebook for Crypto Trade According to a news report in the Financial Times, Gensler said there should be one rule book so that bad actors don’t make use of regulatory gaps and […]

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Do Kwon Interview Explains He’s ‘Devastated’ by LUNA Collapse, Says ‘There’s a Difference Between Failing and Fraud’

Do Kwon Interview Explains He’s ‘Devastated’ by LUNA Collapse, Says ‘There’s a Difference Between Failing and Fraud’

During a recent interview with the Wall Street Journal (WSJ), Terraform Labs (TFL) founder Do Kwon said he was “devastated” by the LUNA and UST implosion that took place in mid-May. He told the WSJ that he was probably a billionaire when LUNA tapped an all-time high before the collapse, but lost a great portion […]

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Grayscale CEO: The Launch of Short Bitcoin ETF Is Positive for Crypto

Grayscale CEO: The Launch of Short Bitcoin ETF Is Positive for Crypto

Michael Sonnenshein, the CEO of the leading crypto asset manager, Grayscale Investments, believes the launch of ProShares’ Short Bitcoin Exchange-Traded Fund (ETF) could be a positive sign for the industry. SEC Becoming More Comfortable With Bitcoin In a Twitter thread on Tuesday, Sonnenshein noted that he believes the United States Securities and Exchange Commission (SEC) […]

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SEC Chair Warns of ‘Too Good to Be True’ Crypto Products — US Treasury Calls for Urgent Regulation

SEC Chair Warns of ‘Too Good to Be True’ Crypto Products — US Treasury Calls for Urgent Regulation

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department says that the recent crypto market turmoil underscores the urgent need for regulatory frameworks that mitigate the risks posed by digital assets. SEC Chair […]

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LUNA Update: Second Circuit Court Orders Terra CEO To Comply With SEC

The United States Securities and Exchange Commission (SEC) subpoena served to the Terraform labs and its CEO, Do Kwon has been found to be in order by the second circuit court. Do Kwon claimed the SEC lacked Jurisdiction over his company and filed an appeal. Court throws out Do Kwon’s arguments The US court of […]

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Do Kwon and Terraform Labs to Comply With the SEC Investigation After Losing Appeal Case

Do Kwon and Terraform Labs to Comply With the SEC Investigation After Losing Appeal Case

A recent court ruling has granted an application by the Securities and Exchange Commission (SEC) to order Terraform Labs and its co-founder Do Kwon to comply with the agency’s investigative subpoenas. Court Rules in Favor of the SEC The United State Court of Appeals for the Second Circuit made the ruling on Wednesday (June 8, […]

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