SEC’s No-Action Letter Paves the Way for More Companies to Act as Crypto Custodians
Simply put The SEC is not planning to take enforcement action against advisors or other entities that may act as custodians for cryptocurrencies. This announcement could open doors for more organizations to manage digital assets. In July, Chair Paul Adkins unveiled “Project Crypto,” aimed at easing regulatory burdens in the sector. The US Securities and […]
Musk requests that a judge throw out the SEC’s civil lawsuit, claiming the agency has overstepped its bounds.
Elon Musk Seeks Dismissal of SEC Lawsuit Elon Musk has requested a federal judge to dismiss a civil lawsuit initiated by the U.S. Securities and Exchange Commission (SEC) related to his acquisition of Twitter shares back in 2022. In a motion submitted on Thursday, Musk claimed that the SEC acted unfairly, suggesting they took longer […]
Bitwise executive suggests that the SEC’s shift on crypto is not yet reflected in prices.
Crypto Investors May Be Underestimating SEC’s New Stance Crypto investors might not fully grasp the implications of the recent shift in the U.S. securities regulators’ approach, according to Bitwise’s chief investment officer. Paul Atkins, the Chairman of the Securities and Exchange Commission, delivered a speech at the American First Policy Institute on July 31, addressing […]
SEC’s advice on liquid staking tokens benefits DeFi and institutions
Crypto Industry Responds to SEC’s Liquid Staking Guidance The cryptocurrency sector is viewing the recent guidance from the Securities and Exchange Commission (SEC) on liquid staking as a significant regulatory breakthrough. Many stakeholders believe this could pave the way for greater institutional engagement with decentralized finance and digital assets. On Tuesday, the SEC staff released […]
Filings for Solana and Pudgy Penguins ETFs Added to SEC’s Crypto Agenda
Simply put The proposed Invesco Galaxy Fund aims to track the performance of Solana. Currently, various companies like Fidelity, Vaneck, and Bitwise have applied to create Solana ETFs. The CBOE is seeking changes to the 19B-4 rule that would permit a set of funds based in Canary Capital, Peng. On Wednesday, U.S. regulators commented on […]
US man sentenced to prison for hacking SEC’s X account to manipulate Bitcoin price
SEC Account Hack: Sentencing Details On Friday, Eric Council Jr., 26, received a 14-month prison sentence, along with three years of supervised release, due to his involvement in hacking the official Securities and Exchange Commission’s X account. The US Department of Justice shared the news in a recent press release. Council and his accomplices falsely […]
XRP Price Increases 8% Today With Conclusion of SEC’s Ripple Lawsuit
XRP has recently benefitted significantly following the end of the prolonged Ripple-SEC lawsuit. Ripple has settled with the SEC by agreeing to pay $50 million, down from an initial penalty of $125 million. This news has stimulated an increase in XRP’s price. However, despite these positive developments, rising profits among short-term holders could pose a […]
SEC‘s ‘Demolition’ of Crypto Enforcement Met With Cheers as Well as Jeers – Yahoo Finance
(Bloomberg) – The Securities and Exchange Commission launched the New Year with a makeover, cleaned up the slate of crypto-enforcement actions, turning once hostile landscapes of digital assets into a potential heaven. Most of them read from Bloomberg In last month alone, Securities Watchdog fired or suspended at least eight cases against crypto companies, including […]
XRP Lawsuit: Ripple CLO Claims They Exposed SEC’s Lawless Tactics Early on – Coinpedia Fintech News
Elon Musk is embroiled in an ongoing dispute with the US Securities and Exchange Commission (SEC). Musk's lawyer Alex Spiro recently accused the SEC of a harassment campaign against Musk and his companies, including Neuralink. The SEC gave Musk a 48-hour ultimatum to settle the case and issued a subpoena. In response to the SEC's […]
Crypto lobby targets SEC’s Crenshaw ahead of Senate committee vote
FOX Business' Charlie Gasparino talks about the crypto industry's efforts to stop SEC Commissioner Caroline Crenshaw from getting a second term on “The Claman Countdown.” Crypto industry seeks to block Carolyn Crenshaw's re-nomination to the Securities and Exchange Commission as the Senate Banking Committee prepares to vote on her second term as Wall Street's top […]