Fri, January 10

Ethereum Price Dips as SEC Postpones Invesco Galaxy ETF Decision

The US Securities and Exchange Commission (SEC) has announced a further delay in its decision-making process regarding the proposed Invesco Galaxy Ethereum exchange-traded fund (ETF). In a recent filing, the SEC extended the deadline for its decision to July 5, 2024, citing the need for additional time to evaluate the

May 7, 2024 2 mins read

Uniswap Wallets Surge to Whopping 7.26 Million Amid Regulatory Scrutiny

In May 2024, there were 7.26 million wallets on the decentralized exchange (DEX) Uniswap, up from 3.03 million in May 2023, an increase of around 140%, according to statistics from Dune Analytics. The growth in Uniswap’s user base mirrors that of other records on the platform. The cumulative trading volume

May 2, 2024 1 min read

CFAT and Blockchain Association Sue U.S SEC Over Dealer Definition

A lawsuit has been filed against the U.S SEC by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT). An expanded definition of a “dealer” in the context of digital assets is the target of the lawsuit, which challenges a recent regulation. The challenge seeks to reverse this

April 24, 2024 1 min read

SEC Fines $5.2B in Penalties on Terraform Labs and Co-Founder Do Kwon

In light of a recent civil case ruling, Terraform Labs and its co-founder, Do Kwon, are facing the prospect of heavy financial penalties from the U.S SEC. A filing made on April 19 in the U.S. District Court of New York in the Southern District of New York states that

April 23, 2024 1 min read

Lawsuit Challenges SEC’s CAT System Over Data Privacy and Legal Grounds

On April 16, 2024, a lawsuit was filed against the United States Securities and Exchange Commission (SEC) in relation to the Consolidated Audit Trail (CAT), a system that was put in place to collect comprehensive transaction data from U.S. exchanges. The National Center for Public Policy Research and investors are

April 17, 2024 2 mins read

SEC Enforcement Chief Criticizes Crypto Sector Over Regulatory Compliance

Enforcement Chief of the U.S Securities and Exchange Commission (SEC), Gurbir Grewal, took aim at the cryptocurrency sector, highlighting their reluctance to comply with regulations and their desire to skirt them. Grewal stressed the SEC’s dedication to adapting current securities rules to the evolving digital asset world while speaking at

April 4, 2024 2 mins read

SEC Commissioner Peirce Criticizes Crypto Regulations at ‘SEC Speaks’ Event

Practicing Law Institute’s “SEC Speaks” event featured U.S SEC Commissioner Hester Peirce, who criticized the agency’s regulatory stance on the cryptocurrency sector, with an emphasis on Staff Accounting Bulletin 121 (SAB 121). Peirce, who is well-known for her dissenting opinions within the Commission, brought attention to the difficulties caused by

April 3, 2024 1 min read

Empower Oversight and U.S SEC Reach Settlement in Ongoing Lawsuit

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

March 30, 2024 2 mins read

SEC Seeks $1.95B Settlement from Ripple in Proposed Final Judgment

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,

March 27, 2024 1 min read

U.S SEC Chair Gary Gensler Yet Again Takes a Jab at Crypto Market

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

March 23, 2024 1 min read
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