SEC

The SEC has provisionally sanctioned at least three Ethereum (CRYPTO: ETH)-based exchange-traded funds. The trading for which could begin as early as July 23. What Happened: A Reuters report on Monday revealed the latest development, citing industry sources. The approval hinges on the applicants...

A group of whistleblowers at OpenAI have filed a complaint with the Securities and Exchange Commission (SEC), alleging that the company has been obstructing its employees from reporting potential risks associated with its artificial intelligence (AI) technology to regulators. What Happened: The...

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Paxos, a New York-based stablecoin issuer, without recommending enforcement action. What Happened: Jorge Tenreiro, acting chief of the SEC’s crypto assets and cyber unit, informed Paxos of the decision,...

As the cryptocurrency market matures, regulatory actions and legal frameworks remain pivotal. The U.S. Securities and Exchange Commission (SEC), under Chair Gary Gensler, has been proactively shaping the landscape, greatly influencing market dynamics. These developments will be central to...

The Securities and Exchange Commission (SEC) has initiated a lawsuit against Silvergate Capital Corp. (OTCPK: SICP), a California-based bank significantly impacted by the downfall of the cryptocurrency exchange FTX. The lawsuit, which was filed in federal court in Manhattan, alleges “...

In 2023, as the digital asset community eagerly awaited the Securities and Exchange Commission’s (SEC) decision on spot Bitcoin ETFs, figures from the industry shared their thoughts on the topic at last year’s Benzinga Future of Digital Assets event. This annual gathering in New York...

According to Bloomberg ETF analyst Eric Balchunas, the highly anticipated spot Ethereum (CRYPTO: ETH) ETF might launch as early as July 2. This prediction follows reported comments from the Securities and Exchange Commission (SEC) staff on the issuers’ S-1 filings. The SEC requested revisions...

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys, alleging significant violations of federal securities laws. The SEC claims that Consensys failed to register as a broker and did not register the offer and sale of securities, leading to substantial investor...

The U.S. Supreme Court has ruled against the Securities and Exchange Commission (SEC), limiting its use of in-house legal proceedings to discipline those accused of fraud. What Happened: The Supreme Court, in a 6-3 ruling, declared that the SEC’s use of internal tribunals for enforcement...

Crypto exchange Coinbase (NASDAQ:COIN) has filed lawsuits against the Securities and Exchange Commission and the Federal Deposit Insurance Corporation for failing to comply with Freedom of Information Act requests. What Happened: The company is seeking a court order to compel these agencies to...

Recent positive commentary on the cryptocurrency space by former President Donald Trump could provide a boost for his efforts in the 2024 presidential election. What Happened: Trump received $2 million in Bitcoin (CRYPTO: BTC) donations from Tyler and Cameron Winklevoss, the co-founders of...

Payment-focused cryptocurrency XRP (CRYPTO: XRP) may have lagged the broader cryptocurrency market in 2024, but investors were hopeful for a shift in market sentiment toward the bullish side. What Happened: According to the on-chain analytics firm CryptoQuant, speculative interest in the token shot...

ConsenSys, a blockchain software company, announced a major victory for Ethereum (CRYPTO: ETH), following the closure of the SEC’s investigation into whether the world’s second-largest cryptocurrency is a security. What Happened: On Tuesday, ConsenSys took to X to reveal that the...

The Securities and Exchange Commission (SEC) recently celebrated its 90th anniversary, an event highlighted by Chairman Gary Gensler. Gensler channeled his inner Taylor Swift by highlighting the "eras" the SEC has gone through. What Happened: Gensler drew comparisons between the “eras”...

On Monday, President Joe Biden has vetoed a bipartisan resolution aimed at overturning the Securities and Exchange Commission's (SEC) crypto custody guidance. The resolution passed both the House and the Senate and sought to invalidate the SEC’s Staff Accounting Bulletin (SAB) 121....