The U.S. SEC released a notice inviting comments on the proposal to list the Ark Spot Bitcoin ETF on Friday, amid significant anticipation leading up to the deadline. The notice was released in order to gather feedback on the proposed rule change to allow the ARK 21Shares Bitcoin ETF to
The US-based crypto exchange Bittrex has agreed to settle with the U.S. Securities and Exchange Commission over the case of offering unregistered securities to U.S. investors. Moreover, the exchange agreed to pay $24 million to the SEC to settle the claims, according to a filing in Seattle Federal Court. Today
Prominent crypto price-tracking platform CoinGecko unveiled a curated list of 48 tokens on August 8, 2023, and categorized them as the “top alleged SEC securities coins.” Leading tokens such as Binance Coin (BNB), Cardano (ADA), Solana (SOL), and Polygon (MATIC) are among those featured. These cryptocurrencies hold a combined market
To prosecute its fraud case against Terraform Labs and its founder, Do Kwon, a New York federal court has ruled that the U.S SEC may proceed with the case. Nonetheless, the court let the securities regulator go forward, contradicting a prior finding by colleague Judge Analisa Torres, who found that
The US Securities and Exchange Commission’s (SEC) recent move sparked controversy, Coinbase was asked to halt trading on all cryptocurrencies except for Bitcoin (BTC). According to the Financial Times, Coinbase CEO Brian Armstrong revealed that this request came before the SEC’s legal action against the company on June 6, where
The U.S. SEC and Binance both filed replies about “Eeon,” a company that wanted to intervene in the SEC’s complaint against Binance on behalf of clients. Binance and the SEC have apparently opposed Eeon’s request to intervene in the action, arguing that it does not comply with the requisite legal
Companies in the crypto sector have come under increased scrutiny after recent scandals and bankruptcies in the industry. This scrutiny has extended to businesses, including accounting firms, who have been employed by these companies. Paul Munter, the SEC’s principal advisor on accounting and auditing concerns, issued a warning to crypto
Listed corporations, including crypto enterprises, are required by the U.S SEC to report annually on their “cybersecurity risk management, strategy, and governance.” In an effort to strengthen the relationship between investors and public corporations. The new regulation mandates that businesses report any “material” cybersecurity issues within four business days. Organizations
A potential setback for the XRP community may be on the horizon as the US SEC hinted on Friday that it intends to appeal the Summary Judgement in the Ripple vs. SEC dispute. The federal regulatory body has said that it intends to review the judgment since it was a
After Ripple’s major legal triumph, CEO Brad Garlinghouse turned to Twitter to express his appreciation for the team and the result. According to Garlinghouse, this judgment is an “unequivocal win for Ripple and for crypto in the US.” Suggesting that it may have far-reaching effects on the whole cryptocurrency industry.
