SEC

Ripple CEO Brad Garlinghouse said on Sunday that the establishment of Fairshake, a cryptocurrency-focused super political action committee, was a direct response to the SEC’s approach toward the industry under Gary Gensler. What Happened: During an interview with CBS News that aired on...

Man Sentenced To 51 Months In Prison For Fraud, Ordered To Pay $6.1 Million  Mykalai Kontilai, a 55-year-old Las Vegas resident, was sentenced on Thursday to 51 months in prison and ordered to pay $6.1 million in restitution for his involvement in a long-running fraud scheme. Kontilai, who...

President-elect Donald J. Trump on Thursday announced Paul Atkins as his nominee to lead the U.S. Securities and Exchange Commission (SEC). Known for his regulatory pragmatism and expertise in financial markets, Atkins' nomination signals a potentially transformative shift in the agency's approach...

President-elect Donald Trump is reportedly close to announcing his choice for the new chair of the Securities and Exchange Commission (SEC), with an official announcement potentially coming as early as tomorrow. What Happened: According to sources cited by Fox Business correspondent Eleanor Terrett...

The Securities and Exchange Commission's aggressive stance on the cryptocurrency industry may soon be replaced with a more accommodating regulatory approach. What Happened: With SEC Chair Gary Gensler set to leave office in January and President-elect Donald Trump preparing to appoint a new SEC...

The cryptocurrency XRP Token (CRYPTO: XRP) from Ripple has soared in price over the last week, with optimism coming from an XRP exchange-traded fund and news that Ripple will invest in a newly rebranded Physical XRP ETP. While Ripple has hit new 52-week highs, the cryptocurrency remains down from...

Former CFTC Chairman Chris Giancarlo has expressed strong support for the Commodity Futures Trading Commission (CFTC) taking on a larger role in regulating cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: BTC). What Happened: "With adequate funding and under the right leadership, I...

President-elect Donald Trump's transition team is considering Paul Atkins, a seasoned financial regulator and advocate for digital assets, to lead the U.S. Securities and Exchange Commission. What Happened: Atkins, a Republican SEC commissioner during the George W. Bush administration, is among the...

The cryptocurrency XRP Token (CRYPTO: XRP) from Ripple is soaring in price over the last week with a new filing for an XRP exchange-traded fund adding to optimism for the crypto. What Happened: Asset manager WisdomTree filed to establish a trust entity as part of a step towards launching a...

A federal judge dismissed the U.S. Securities and Exchange Commission's (SEC) request to penalize Elon Musk for skipping a court-ordered deposition in its investigation into his $44 billion acquisition of Twitter, now known as X. What Happened: On Friday, Judge Jacqueline Scott Corley of the U.S....

Investors have been hit with an increased amount of short reports from some of the most well-known names in the space, which could be due to high valuations for stocks or could be coming after the 2024 presidential election results. What Happened: Over the past three months, big names in the short...

The Securities and Exchange Commission or SEC has set a new record in financial penalties, with a significant portion resulting from a settlement with Terraform Labs. What Happened: The regulator has gathered $8.2 billion in monetary penalties for the fiscal year 2024, marking the highest amount in...

The Securities and Exchange Commission’s (SEC) lawsuits against cryptocurrency companies will likely reach settlements once Chair Gary Gensler steps down in January 2025, according to crypto asset manager Pantera‘s chief legal officer Katrina Paglia. What Happened: Speaking at the North...

The U.S. Securities and Exchange Commission (SEC) is too tough on crypto, 18 Attorneys General allege in a new lawsuit. What Happened: AGs from 18 Republican-leaning states joined the DeFi Education Fund to file a lawsuit against the SEC for what they consider overly harsh regulation against...

SEC Chairman Gary Gensler on Thursday defended his regulatory approach to crypto markets, emphasizing investor protection and compliance, as he hinted at an end of his stint as the agency’s chair. What Happened: In his remarks at the Practicing Law Institute’s 56th Annual Institute on...