Crypto, cyber unit at SEC braces for exodus, Gasparino says – crypto.news
Several experienced enforcement attorneys are poised to leave their posts in the U.S. Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber Division. That’s according to Fox Business correspondent Charles Gasparino, who warned on Feb. 9 that it’s a sign that more resumes from current SEC employees are being submitted and many are looking to […]
Republican senators slam SEC over ‘deeply troubling’ conduct in crypto case
Several Republican senators on Wednesday criticized the Securities and Exchange Commission (SEC) over its “highly problematic” conduct in its recent lawsuit against cryptocurrency company DEBTBox. The SEC filed a lawsuit against DEBT Box in July, accusing the company of an “ongoing disorderly and fraudulent securities offering” that defrauded investors of at least $49 million. The […]
SEC pushes back timeline for decision on the Invesco Galaxy Ethereum ETF – The Block
Policy • February 6, 2024, 5:34 PM ET issued 1 minute ago upon The Securities and Exchange Commission has postponed the timeline for a decision on whether to approve the proposed Invesco Galaxy Ethereum ETF. The agency had previously postponed a decision on the fund until December, and announced on Tuesday that it was “beginning […]
SEC vs Ripple Boiling Point Reached as Crypto Lawsuit Nears Remedies Phase: How Will it Impact XRP? – DailyCoin
The SEC and Ripple are clashing over XRP sales, with the SEC demanding more financial records. Both sides are negotiating, and unless the SEC receives a significant benefit, negotiations are unlikely to go through. A win for Ripple could send the price of XRP soaring, while a loss could set a precedent for crypto regulation. […]
Defense Sec. Austin apologized directly to Biden over hospitalization controversy: ‘Did not handle this right’
Defense Secretary Lloyd Austin said Thursday that he directly apologized to President Biden for not notifying him in advance of his hospitalization for prostate cancer treatment. “I want to be clear: We did not take care of this right, and I did not take care of this right,” Austin said at a Pentagon news conference […]
DOJ and SEC unveil charges in $1.9 billion cryptocurrency fraud scheme – CNBC
According to Acting Assistant Attorney General Nicole Argentieri of the Justice Department’s Criminal Division, the three defendants indicted by the Justice Department allege that Hyperfund’s investors received “huge amounts of profits paid from a virtual currency mining business that does not actually exist.” ” and made a false claim. “The level of alleged fraud here […]
Ripple v. SEC takes a new turn as XRP tumbles – AMBCrypto News
Ripple and the SEC continue their legal battle over audits. The number of XRP holders continues to grow. Ongoing legal dispute between Ripple [XRP] And the Securities and Exchange Commission (SEC) is here to stay, as evidenced by recent court filings. Despite last year's ruling granting Ripple temporary relief, the legal dispute continues. Ripple refutes […]
SEC hits South Carolina basketball with hefty fine after fans storm court following upset win over Kentucky
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SEC account hack result of ‘SIM swap’ attack, agency says
The hacking of the Securities and Exchange Commission's (SEC) X (the platform formerly known as Twitter) account earlier this month was the result of a “SIM swap” attack, an agency spokesperson announced Tuesday. An “unauthorized party” used SIM swapping to gain control of the phone number associated with the SEC's X account and reset the […]
Terraform Labs files for bankruptcy amid SEC lawsuit
Terraform Labs, the company behind the failed stablecoin TerraUSD, has filed for bankruptcy in the face of lawsuits from the Securities and Exchange Commission (SEC) and Singapore. A Singapore-based cryptocurrency company filed for Chapter 11 bankruptcy protection in Delaware on Sunday. According to court documents shared with The Hill. Terraform Labs claimed between $100 million […]