SEC

The ongoing trial involving Terraform Labs, the company behind the algorithmic stablecoin UST (CRYPTO: USTC), took a dramatic turn on Monday with the testimony of James Hunsaker, a former employee of Jump Trading. According to a series of social media posts by journalist Alexander Osipovich,...

Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) continued to attract significant investment on March 27, with total net inflows for Bitcoin spot ETFs reaching $243 million. This news comes as the industry gears up for the Benzinga Future of Digital Assets conference on Nov. 19 which is...

Fidelity Investments filed with the U.S. Securities and Exchange Commission Wednesday for a spot Ethereum ETF. What Happened: The S-1 filing, which includes staking capabilities, could be a significant development for Ethereum (CRYPTO: ETH) investors seeking a regulated way to gain exposure to the...

In a major setback for Coinbase Inc. (NASDAQ:COIN), a U.S. court on Wednesday ruled against the cryptocurrency exchange on most aspects of its motion to dismiss an SEC lawsuit. SEC Alleges Unregistered Securities Activity The SEC filed a lawsuit against Coinbase in June 2023, accusing the exchange...

SEC Chair Gary Gensler, speaking at a conference hosted by Columbia Law School on Friday, highlighted the critical role of transparency and regulatory compliance in the financial markets, with a particular focus on the burgeoning cryptocurrency sector. “There are participants in crypto...

Ripple (CRYPTO: XRP) CEO Brad Garlinghouse has weighed in on the ongoing regulatory challenges faced by the cryptocurrency industry, particularly the battle involving the Securities and Exchange Commission (SEC) and Ethereum (CRYPTO: ETH).  What Happened: Garlinghouse in a tweet on X said,...

The Securities and Exchange Commission (SEC) is currently investigating the possibility of misleading communications by OpenAI‘s CEO, Sam Altman, which could have impacted the company’s investors. What Happened: The SEC is examining internal communications by Altman as part of an...

Cryptocurrency exchange Kraken has made a move to dismiss a lawsuit filed against it by the Securities and Exchange Commission (SEC). What Happened: The SEC had previously sued Kraken in November, alleging that the exchange did not register as a broker, clearinghouse, or exchange and accusing the...

A group of U.S. senators criticized the Securities and Exchange Commission over its handling of a cryptocurrency-related case, raising questions about the regulator’s broader enforcement practices. What Happened: The senators on the Senate Banking Committee, including J.D. Vance (R-Ohio) and...

Fierce discussions are taking place regarding the enactment of U.S. stablecoin legislation, according to Sen. Cynthia Lummis (R-Wyo.). The Senator remains hopeful about the possibility of the legislation being passed within the first half of 2024. What Happened: On Thursday, Sen. Lummis in an...

In a landmark decision, the U.S. Securities and Exchange Commission (SEC) approved a Bitcoin Exchange-Traded Fund (ETF), marking a pivotal moment in the history of cryptocurrencies. This move, long-awaited by the crypto community, signals a significant shift towards mainstream acceptance. It could...

The U.S. Securities and Exchange Commission (SEC) adopted new rules that change how SPACs will communicate their offerings to the public. What Happened: SPACs, or special-purpose acquisition companies, were a popular investment method. They proved to be a once-popular way for companies to go public...

Hester Peirce, a Commissioner at the Securities and Exchange Commission (SEC) often referred to as “Crypto Mom,” has expressed that a lawsuit may not be necessary for the SEC to approve spot Ethereum (CRYPTO: ETH) exchange-traded fund (ETF) applications.  What Happened: In an interview...

Notorious for guiding the world’s most volatile IPOs in 2022, brokerage firm Network 1 Financial Securities Inc. is gearing up to usher a new group of microcap companies into the U.S. exchanges. What Happened: The Red Bank, New Jersey-based firm is set to underwrite for Epsium Enterprise Ltd...

In a recent court hearing, a lawyer representing Coinbase Global Inc (NASDAQ:COIN) compared buying cryptocurrencies to collecting Beanie Babies, a popular toy from the 1990s. The lawyer argued that buying crypto tokens doesn’t grant the buyer any rights, unlike traditional securities. The...