A fake cryptocurrency offering that specifically targeted the Latino population in the United States was immediately shut down by the Securities and Exchange Commission (SEC). According to an SEC complaint published on Monday. Houston natives Mauricio Chavez and Giorgio Benvenuto, who ran the Texas business CryptoFX, “used the attraction and
The U.S District Court rejected the SEC’s attempt to conceal Hinman Documents. William Hinman previously claimed that Ether was not a security. Ripple Labs is now one step ahead in the ongoing legal dispute with the US regulatory body, the Securities and Exchange Commission (SEC). The U.S. District Court Judge
SEC charged $1 million against Tether’s former auditor. Tether requested to submit the required documents on USDT backing. According to an order released on Monday, the popular stablecoin issuer Tether’s ex-auditor has been fined $1 million by the US Securities and Exchange Commission (SEC). In 2017, Friedman LLP, a New
Jesse Powell stepped down and was replaced by COO Dave Ripley. Kraken does not need to file with the U.S. SEC as per Ripley. To the SEC’s dismay, Kraken’s new CEO has put forward the exchange’s stand. Kraken stated on September 21 that current CEO Jesse Powell will be stepping
According to the letter, the commission is making yet another effort to put off dealing. John Deaton said that the SEC has sparked a debate by bringing in foreign exchange. The US Securities and Exchange Commission (SEC) is actively expanding its authority over the digital asset. Sector by initiating various
Draft for regulating stablecoins is seemingly to ban algorithmic stablecoins. Strict regulation to follow for both banking and non-banking issued stablecoins. U.S House of Representative draft for stablecoins regulation is seemingly to ban algorithmic stablecoins for two years, as per the draft received by Bloomberg. The voting is expected to
Sparkster and its CEO, Sajjad Daya, have reached an agreement with the SEC. Sparkster has been ordered by the SEC to pay $35 million into a fund for distribution to harmed investors. The Securities and Exchange Commission (SEC) issued a cease-and-desist order against Cayman Islands-based software company Sparkster and its
Sparkster and Daya to pay $30 million with $500 K and $250 K as civil penalties. The SEC claims over this point bring Ethereum (ETH) under its jurisdiction. United States Securities and Exchange Commission (SEC) recently filed a lawsuit against Ian Balina specifying the ETH functionality. Ian, a crypto investor
CFTC Commissioner Caroline D. Pham met with Ripple CEO Brad Garlinghouse. Recently, the SEC and Ripple both filed petitions for summary judgment. According to a recent tweet from Caroline D. Pham, an American attorney and commissioner of the Commodity Futures Trading Commission (CFTC), had a meeting with Ripple CEO, Brad
The Chamber of Digital Commerce filed a motion to join in as the third party. Ripple’s motion for summary judgment hit the public forum on Sept 17th. The SEC vs Ripple (XRP) case has some updates, which kindly seem to be in favor of Ripple labs and its executives. On
