On Friday, the US Securities and Exchange Commission (SEC) charged ex-NBA star Paul Pierce with crypto breaches. The charges against him center on his promotion of EthereumMax (EMAX) coins on social media without providing the necessary context. The SEC said the ex-player made deceptive claims in a promotion for EMAX.
The U.S Securities and Exchange Commission (SEC) has sued Terraform Labs and its founder, Do Kwon, for misleading investors in what the commission called a “multibillion-dollar fraud”. SEC claimed in its court filing in the Southern District of New York that, since beginning in April 2018, Kwon sold a range
On February 15th, a media outlet claimed that the Korean Financial Services Authority was investigating the staking services industry. Concerns expressed by members of the cryptocurrency community regarding the fallout from the recent settlement between the SEC and Kraken in American court seem to be materializing. In the wake of
Since the announcement of the US Securities and Exchange Commission (SEC) action against Paxos and its stablecoin Binance USD, the largest cryptocurrency exchange Binance has experienced a spike in withdrawals from its users. The stablecoin BUSD also known as Binance USD, was introduced in 2019 by Binance and Paxos. Then
Following Nexo’s settlement with US Securities and Exchange Commission (SEC), and the North American Securities Administrators Association (NASAA), the lending company planned to stop its Earn Interest Product for its U.S customers. The leading lending company Nexo announced in its February 10th blog post that it decided to ban its
The U.S. Securities and Exchange Commission (SEC) intends to file a suit against Paxos, the firm that developed the Binance USD (BUSD) and Pax Dollar (USDP) tokens, over the latter stablecoin. The SEC allegedly wrote to Paxos. The regulator alerted Paxos to “possible enforcement action” in the letter. BUSD is
Following the regulator’s probe into Kraken, the crypto exchange had agreed to settle charges with U.S. Securities and Exchange Commission (SEC) and shut down its on-chain cryptocurrency staking service. The U.S SEC announced on Thursday that, the two Kraken entities ‘Payward Ventures and Payward Trading’ accept to pay $30 million
The Securities and Exchange Commission (SEC) is investigating Kraken, one of the biggest cryptocurrency exchanges in the world. SEC to examine whether regulations broken in some of its sales to American investors. The inquiry is related to some services Kraken provided to customers in the United States. The exchange has
Crypto exchange Coinbase CEO Brian Armstrong was alarmed about the rumors he received that the U.S. Securities and Exchange Commission (SEC) wants to “get rid of individual investors” from staking cryptocurrency. According to a February 9th tweet from Coinbase’s Chief Executive officer, the U.S SEC intends to ban retail investors
The United States Securities and Exchange Commission (SEC) has been looking into traditional Wall Street financial advisers who may be providing client custody of digital assets without the necessary authorization. According to the reports, the SEC is targeting a major fraction of its investigation on registered investment advisers. To determine
