Fraudulent crypto mining operations are in no way escaping the regulatory radar of the US Securities and Exchange Commission (SEC). On March 3, SEC filed a lawsuit against Utah-based crypto mining firm Green United LLC for raising over $18 million in a fraudulent sale of crypto mining equipment and assets
On Saturday, the value of Lido’s LDO token dropped by 10% on speculation that the U.S. Securities and Exchange Commission (SEC) had issued a Wells Notice to the biggest Ethereum staking provider. Wells Notices are letters from the SEC outlining potential charges that might be filed against the receiver. After
While the largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) prices declined, Ripple’s native crypto token XRP price surged over 3% in a day. At the time of writing, XRP traded at $0.3754 with a market cap of more than $19 billion, as per CoinMarketCap data. Finally, an end to Ripple’s
Coinbase, the American cryptocurrency exchange platform has introduced “Crypto435”, a pro-crypto policy campaign. The number in the name signifies the 435 Congressional districts in the US. The firm holds the collective motto, to make the voice of the crypto community audible to the policymakers. 5/ Coinbase will empower the #Crypto435
The leading trading platform, Robinhood Markets, revealed in its most recent 10-K filing that the U.S. Securities and Exchange Commission (SEC) issued an investigative subpoena regarding its crypto operations. The brokerage received a subpoena from the SEC in December, just after the crypto exchange FTX filed bankruptcy protection on November
The world’s largest digital asset Bitcoin’s (BTC) chart signals green after trading for five days in a red candle. Since the beginning of 2023, the global crypto market showing some positive recovery from its prolonged bear market. At the time of writing, the overall market cap was $1.12 trillion, which
The New York and Federal financial regulators have rejected the largest crypto exchange Binance’s $1.2 billion assets acquisition of bankruptcy cryptocurrency lender Voyager Digital. According to a 22nd February document, regulators believed it might be discriminatory and illegal. Binance U.S resubmitted its bid on Voyager after FTX filed for Chapter
The U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, have been targeted by the Chamber of Digital Commerce for their “regulation by enforcement” strategy, which poses a danger to the U.S. digital assets market and investors. The Chamber of Digital Commerce argued in an amicus brief in
Since the U.S. Securities and Exchange Commission’s (SEC) assault on crypto businesses, scrutiny of crypto players in the U.S. continues. In the latest development, an attorney from New York has filed a complaint with regulators over a cryptocurrency exchange. Global regulatory agencies stepped up their attempts to standardize crypto market
The U.S. government’s clampdowns and the lack of regulatory clarity have frustrated blockchain and digital currency executives. Both Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell have urged lawmakers to establish uniform regulations for digital currencies. The CEO of Custodia, Caitlin Long, said in a blog post on February
