Tag: securities and exchange commission

According to new draft guidelines, the Securities and Exchange Commission (SEC) of the Philippines wants to include crypto in its purview and toughen its control over the local cryptocurrency market. The securities regulator submitted draft regulations for financial goods and services which include encompassing cryptocurrencies and digital financial products—for public comment on January 25, the […] The post...

Crypto Market To Struggle More? Financial market regulators are gearing up with enhanced and much needed laws around the digital asset industry. In this pursuit, the...

FTX's lawyers recently filed a creditor list in the bankruptcy court. The list revealed the vast network of companies and individuals who are owed by the bankrupt crypto exchange.

Circle's SPAC deal meant to take the USDC issuer public was delayed by the SEC until the agreement expired in December 2022.

The Securities and Exchange Commission (SEC) has maintained its anti-crypto stance and increased scrutiny on the crypto companies dwindled...

The District of Columbia Court of Appeals has preponed a date for Grayscale's lawsuit against the Securities and Exchange Commission (SEC). The...

In response to charges that the digital asset company, Nexo Capital Inc., had violated securities regulations by marketing a...

Crypto lending platform Nexo has settled with federal and state regulators in the United States for offering and selling unregistered securities, paying a total penalty of $45 million. The Securities and Exchange Commission (SEC) received $22.5 million, and the rest...

According to reports from Silvergate, deposits were $7.3 billion in the fourth quarter, which was less than the $12 billion recorded in the third quarter. A class action lawsuit against Silvergate Bank regarding its interactions with FTX and Alameda Research is now pending, and the bank just disclosed a fourth- quarter 2022 net loss of $1 […] The post...

The US Securities and Exchange Commission (SEC) charged two feuding companies, Genesis Global Capital and Gemini Trust Company, for offering and selling crypto lending products under Gemini Earn, which the regulator alleged to be...

Summary: Alameda Research also had unlimited access to customer accounts among other special privileges at the FTX crypto exchange. The CFTC's complaint against Sam Bankman-Fried cited insider information, chat logs, and internal conversations as evidence for its lawsuit. Charges were also filed by the U.S. Department of Justice and the SEC. The U.S. Commodity Futures Trading Commission (CFTC) said that Alameda Research, Sam...

The Securities and Exchange Commission (SEC) has just announced that it will be filing charges against eight online influencers in connection with a...

Summary: The FTX founder stands accused of diverting customers from the crypto exchange FTX to his trading firm Alameda Research. Sam Bankman-Fried also allegedly defrauded equity investors from around May 2019 till November 2022. The SEC announced charges against SBF hours after Bahamian authorities arrested the fallen FTX founder and Southern District of New York prosecutors filed criminal charges. The U.S. Securities and...

Nexo has announced that it is shutting down its U.S business due to the lack of regulatory clarity.

Sam Bankman-Fried (SBF) led the FTX crash has impacted the crypto market in the worst way possible. Crypto lender BlockFi is reportedly...

The U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler has been under the constant scrutiny of Congress for its approach towards the digital asset industry. The crypto market has witnessed the...

Crypto-focused law firm Hodl Law PLLC has sued the U.S. Securities and Exchange Commission, alleging the regulator has failed to clarify its jurisdictional authority over digital assets and failed to define whether it views digital...

FTX Latest News: While the crypto market struggles to recover from the shock collapse of FTX, there are finally some positive signals coming out amid an ongoing SEC probe. The troubled crypto exchange entered...

The United States Securities and Exchange Commission (SEC) on Friday kicked off administrative proceedings against American CryptoFed, a Wyoming-based decentralized autonomous organization (DAO).

The regulator wants “to determine whether a stop order should be issued to suspend the registration of the offer and sale of two crypto assets, the Ducat token...

The recent crypto crash was a harsh one for most cryptocurrencies. All have fallen by an average of 20% since last week, except for a few. XRP was supposed to have a great month in November 2022, as its lawsuit findings were probably about to turn positive. However, the FTX crash made XRP lose more than 25%. From a technical perspective, XRP was...