SEC

U.S. Securities and Exchange Commission Chair Gary Gensler emphasized the critical need for investor protection in the crypto industry, stating that the sector will struggle to survive without it. He also reaffirmed that Bitcoin is not classified as a security, marking a significant point of...

Billionaire entrepreneur Mark Cuban has voiced his interest in becoming the next Chair of the U.S. Securities and Exchange Commission (SEC), expressing dissatisfaction with the current SEC leadership, especially in its handling of cryptocurrencies and business regulations. What Happened: "Head of...

Senate hopeful John Deaton applauded the efforts of Democratic-leaning cryptocurrency advocates Mark Cuban and Anthony Scaramucci in opposing SEC Chair Gary Gensler’s unfriendly policies on digital assets. What Happened: On Wednesday, Deaton, who is fighting against Democratic rival Sen. ...

Anthony Scaramucci, the founder of SkyBridge Capital and prominent cryptocurrency advocate, has publicly called for the resignation of SEC Chair Gary Gensler. What Happened: In a tweet posted on Thursday, Scaramucci stated bluntly, "Gary Gensler please resign for the sake of the country." This...

Global financial services company The Bank of New York Mellon Corp. (NYSE:BK) secured an exception from the U.S. Securities and Exchange Commission’s (SEC) contentious SAB 121 rule, paving the way for its entry into the lucrative but largely untapped cryptocurrency custody market. What...

Billionaire investor and television celebrity Mark Cuban welcomed SEC Chair Gary Gensler’s intense grilling by legislators on his stance on cryptocurrencies, confirming that the Kamala Harris campaign was against “regulation through litigation.” What Happened: On Tuesday, Cuban...

The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto companies TrustToken Inc. and TrueCoin LLC for allegedly defrauding investors and conducting unregistered sales of investment contracts involving the TrueUSD (CRYPTO: TUSD) stablecoin. What Happened: According to the...

SEC Commissioner Hester Peirce on Tuesday admitted that the agency moved forward with regulatory actions against crypto entities despite being aware of potential legal issues. What Happened: “We knew ahead of time that there were legal questions about whether we have the authority to do what...

The U.S. Securities and Exchange Commission (SEC) is preparing to reprimand Elon Musk for his absence from a scheduled hearing. This testimony is part of an ongoing investigation into Musk’s $44 billion acquisition of X, previously known as Twitter. What Happened: Musk was expected to testify...

The Securities and Exchange Commission (SEC) has urged a federal judge to sanction Tesla Inc. (NASDAQ:TSLA) and SpaceX CEO Elon Musk if he continues to avoid appearing for a deposition. What Happened: The SEC is probing whether Elon Musk or his associates engaged in securities fraud in 2022 when...

ConsenSys, the blockchain company behind Ethereum (CRYPTO: ETH) infrastructure projects like MetaMask, has faced a setback in its lawsuit against the U.S. Securities and Exchange Commission (SEC). What Happened: The company had initially sued the SEC for overreach, accusing the regulator of...

Rep. Ritchie Torres (D-N.Y.) raised concerns over the usage of the term “digital asset security” by the U.S. Securities and Exchange Commission (SEC,) questioning its legal basis and origin. What Happened: During a recent congressional hearing, the Democratic Congressman asked Daniel...

The U.S. Securities and Exchange Commission (SEC) is revisiting its case against crypto exchange Binance, aiming to strengthen its original lawsuit. What Happened: In a court filing last Thursday, the SEC proposed an amended complaint to address concerns raised by a judge earlier this year and...

Cryptocurrency exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), demanding a jury trial in response to the agency’s ongoing lawsuit. What Happened: The legal battle, filed in the Northern District of California, comes as Kraken faces allegations of...

A key detail revealed as part of the SEC’s settlement with the cryptocurrency platform eToro has suggested a drastic shift in the agency’s perspective on Ethereum (CRYPTO: ETH). What Happened: According to a press release on Thursday, the SEC found that the U.S. arm of the Israel-based...