The U.S SEC has reached a settlement in a lawsuit that requested the disclosure of information pertaining to any conflicts of interest in the SEC’s enforcement actions regarding crypto. The head of the government watchdog group Empower Oversight explained the reasoning for the decision to settle the case with the
The U.S SEC has asked a New York court to consider the “severity” of Ripple Labs’ misbehavior as it seeks a settlement of almost $2 billion from the company. The SEC requested Judge Analisa Torres to authorize the fine. It comprises $876 million in disgorgement, $198 million in prejudgment interest,
In his most recent jab at the cryptocurrency market, U.S SEC Chair Gary Gensler said that it could use some “disinfectant.” At Friday’s Columbia Law School conference, Gensler discussed the need and advantages of disclosures about climate and cyber threats, among others, in the financial markets. In the end, disclosures
Yet another exchange-traded fund (ETF), the VanEck spot Ethereum ETF, is seeing its decision date postponed by the U.S SEC. The government requested public feedback on the ETF and said in a document submitted on Wednesday that it would take until May 23, 2024 to make a decision. The SEC
Genesis Global Capital has opted to settle with the U.S SEC and agreed to pay $21 million to resolve the accusations over the Gemini Earn program. This is a historic milestone in the action launched by the SEC against Genesis and Gemini. Genesis Global Capital has consented to pay a
In a complaint launched by the U.S SEC over the Gemini Earn program, a U.S. district court dismissed petitions by crypto lender Genesis and crypto exchange Gemini to dismiss the case. The SEC “plausibly alleged” that Genesis Global Capital, LLC and Gemini Trust Company, LLC marketed and sold unregistered securities,
Coinbase, a leading cryptocurrency exchange, has taken a proactive stance in advocating for the approval of the Grayscale Ethereum Trust listing as a spot ether Exchange-Traded Fund (ETF). The company’s Chief Legal Officer, Paul Grewal, recently announced on social media platform X that Coinbase has responded to a request for
In order to settle U.S SEC accusations related to the 2021 launch of an exchange-traded fund (ETF) centered on social media, VanEck agreed to pay a fine of $1.75 million. A civil penalty was levied on the investment advisor by the SEC. In a statement issued on February 16th, the
The U.S Securities and Exchange Commission moved last month to dismiss DEBT Box’s lawsuit after the agency confessed making false claims in court. DEBT Box requested the judge to reject this motion. Last year, the SEC filed a lawsuit against Digital Licensing Inc., which operates under the name DEBT Box,
The chairman of the U.S SEC, Gary Gensler, said in an interview with CNBC today that Bitcoin accounts for the majority of ransomware. The asset and the industry as a whole have Gensler’s persistent disdain. This is despite the fact that eleven Spot Bitcoin ETFs were approved by the SEC
