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Search Results for: sec

Ether Stumps Gary Gensler: US Representative Leaves SEC Chair Speechless

The cryptocurrency ecosystem has been going through its fair share of turmoil in the US. With the CFTC and SEC ramping up their scrutiny of the cryptocurrency industry, SEC chair Gary Gensler has been receiving quite the backlash for demotivating the cryptocurrency realm. In one of the recent testimonies by

April 18, 2023 1 min read

SEC Chair Calling ALGO a “Security” Lead Him to Trouble?

The crypto community has been reacting to news that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler labeled the leading cryptocurrency “Algorand (ALGO) as a security” in a lawsuit against cryptocurrency exchange Bittrex. Following that, crypto industry leaders, crypto enthusiasts, and the ALGO community have taken to Twitter to

April 18, 2023 2 mins read

Crypto Exchange Bittrex Charged by SEC for Unregistered Security Offering

Sooner this Monday, the U.S. Securities and Exchange Commission (U.S. SEC) charged Bittrex, a cryptocurrency exchange for unregistered security policies. The CEO of Bittrex, William Shihara, and the representatives had to respond to the complaint raised over Bittrex. Furthermore, it is mentioned that SEC charged Bittrex’s foreign affiliate termed ‘Bittre

April 18, 2023 2 mins read

Algorand (ALGO) Suffer Significant Losses Following SEC Chair’s Remarks

The U.S. Securities and Exchange Commission chairman, Gary Gensler, declared that Algorand (ALGO) was an unregistered security. Now Gary Gensler has been caught promoting Algorand.  No doubt this will be the subject of at least a few lines of questioning at tomorrow’s House Financial Services Committee hearing. Gensler previously called

April 18, 2023 1 min read

Bittrex, Inc. Statement on SEC Action

SEATTLE–(BUSINESS WIRE)–Bittrex, Inc. released the following statement today regarding today’s SEC filing: We are disappointed with the SEC’s decision to bring an enforcement action against Bittrex as part of Chairman Gensler’s larger crusade to drive cryptocurrency out of the United States. The impact of the SEC’s approach of regulation by

April 17, 2023 1 min read

Crypto Exchange Bittrex Comes Under The SEC Scrutiny

Cryptocurrency exchange Bittrex is facing potential action from the US Securities and Exchange Commission Following plans to close its local operations. According to David Maria, the firm’s general counsel, the Securities and Exchange Commission’s enforcement team notified Bittrex in March. That is, it would suggest that the agency prosecute the

April 17, 2023 1 min read

BlockSec Releases Phalcon Fork Toolkit for Collaborative Testing on Private Chains

BlockSec, a blockchain and Web3 security firm, announced the release of Phalcon Fork, a toolkit enabling Web3 users to conduct collaborative testing on private chains forked from any position. With this toolkit, users can test and ensure the security of their private chains with the help of a collaborative testing

April 16, 2023 2 mins read

SEC Commissioner Hester Peirce Slams Gensler’s Cryptocurrency Crackdown

Gary Gensler, the current chairman of the Securities and Exchange Commission (SEC), has recently announced his intention to adopt a stricter stance on the cryptocurrency sector within the United States. As per reports, the regulatory organization has also confirmed that Gensler has yet to make plans to leave his position

April 16, 2023 2 mins read

Ripple’s Liquidity Hub Excludes XRP Owing to Its SEC Lawsuit?

Ripple has announced the official launch of Liquidity Hub, a new business service. According to the company’s official statement, it plans on getting onboard the first generation of users after a protracted stress-testing exercise.  The first iterations of the liquidity hub will support the digital currencies Bitcoin (BTC), Ethereum (ETH),

April 15, 2023 1 min read