The cryptocurrency platform Beaxy and its management are facing accusations from the Securities and Exchange Commission (SEC). This is for allegedly failing to register as an exchange, broker, or clearing agency. The finance regulator has taken another step in its unprecedented onslaught on US cryptocurrency businesses. Beaxy Digital Ltd, was
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler testified before the House Appropriations Committee on Wednesday. HE pleading for more resources to address the growing issue of non-compliance in the cryptocurrency industry. Gensler said that the SEC’s resources for investigating emerging crypto problems are “stretched thin” at the moment.
Gary Gensler, the current head of the US Securities and Exchange Commission (SEC), will testify before the House Financial Services Committee. Rep. Patrick McHenry, chairman of the Financial Services Committee, revealed in a recent interview that Gensler would testify before the panel on April 18. McHenry projected that the SEC
David Schwartz, Ripple CTO’s mockery about the US government institutions has gained various stakeholders’ attention. Commodity Futures Trading Commission’s (CFTC) recent activity of suing Binance and its CEO, CZ is really affecting the crypto market. Additionally, CFTC proposed Bitcoin, Ethereum, and Litecoin to be commodities. Whereas, U.S. Securities and Exchange
The social dominance of XRP, the cryptocurrency linked to Ripple Labs, has significantly increased recently. Following that, the XRP token has surged over 12% in the last 24 hours to hit a ten-month high of $0.55. This is the first time since May 08, 2022, XRP has achieved this feat.
Brian Armstrong, CEO of Coinbase, has said the company would begin making political contributions to pro-cryptocurrency politicians in upcoming US elections. In addition, the announcement is timed to coincide with the company’s receipt of a Wells Notice from the US Securities and Exchange Commission (SEC) recently. Armstrong called for the
The U.S. Securities and Exchange Commission (SEC) seems stubborn. In order to make it more difficult for cryptocurrency firms to operate in the United States and beyond. It’s no secret that SEC chair Gary Gensler isn’t a fan of the cryptocurrency market. Under his watch, the agency has taken a
While the US Securities and Exchange Commission (SEC) continues to be engaged in a prolonged legal dispute with Ripple, the watchdog has now picked Coinbase as its new target. The exchange reportedly received a “Wells Notice” from the SEC, alerting Coinbase that a securities law violation case may soon be
The United States Securities and Exchange Commission (SEC) has issued a warning to investors about cryptocurrency investments. The agency has specifically mentioned digital assets that may not conform to several US rules and has urged investors to think twice before becoming involved. This development comes after a slew of regulatory
The XRP token surged over 15% in the last 24 hours after its issuer’s reports. Investor’s hope increased after Ripple well-placed in the winning position of the landmark case with the U.S. Securities and Exchange Commission on Tuesday. The SEC sued Ripple in 2020, alleging the firm sold unregistered securities.
