As per Gensler, the control over stablecoins will reduce the risk to the financial system. Gensler says the CFTC lacks the direct authority to impose regulations over stablecoin issuers. According to Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), the U.S. Congress should give more authority
The commission is also looking into the ApeCoin distribution. The 24-hour floor price of BAYC NFTs has dropped by almost 3%. In an effort to exert more control over the digital assets sector, the US Securities and Exchange Commission (SEC) has decided to increase regulatory oversight. The Commission has accused
Jim Cramer, a popular host of CNBC’s Mad Money who believes he is a mysterious crypto and stock advisor. He works on sharing investment tips for both the communities but always ends up suggesting the opposite marks. So people always prefer to do the opposite way of whatever Cramer shares.
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
