SEC

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his critical stance on the cryptocurrency industry, is now under investigation by Republican lawmakers for allegedly engaging in political favoritism during the SEC's hiring process. What Happened: The investigation,...

Grayscale Investments has launched a new XRP Trust, marking the asset manager’s return to XRP (CRYPTO: XRP) after dissolving its previous trust in January 2021. What Happened: The move comes following a July 2023 court ruling that XRP, when sold on secondary markets, does not constitute a...

The U.S. Securities and Exchange Commission (SEC) hit cryptocurrency entities with record fines in 2024, highlighting the growing financial risk for companies that fail to comply with regulatory standards. What happened: According to a study released by cryptocurrency analytics firm Social Capital...

Blockchain platform Ripple (CRYPTO: XRP) joined a group of 88 current and former top executives endorsing Vice President Kamala Harris for president. The support of Chris Larsen, co-founder of Ripple, is noteworthy given Ripple’s recent legal victory against the U.S. Securities and Exchange...

The U.S. Securities and Exchange Commission (SEC) announced settled charges against investment advisory firm Galois Capital Management LLC, a Florida-based investment advisory firm specializing in crypto assets. The SEC accused the company of failing to comply with the Investment Advisers Act...

The U.S. Securities and Exchange Commission (SEC) may oppose the plan proposed by bankrupt cryptocurrency exchange FTX to repay creditors using U.S. dollar-pegged stablecoins. What Happened: In a court document, the regulator stated it reserves its rights to object to the transactions detailed in...

SEC Commissioner Hester Peirce, affectionately known as “Crypto Mom,” acknowledged that the current model of engagement between the regulator and cryptocurrency companies was not working well. What happened: While speaking on X Spaces Wednesday, Pierce regretted that the SEC has failed...

Anthony Scaramucci, a former White House Communications Director, voiced his concerns over the Gary Gensler-led SEC’s increasing oversight of cryptocurrency platforms and its potential impact on Kamala Harris’ chances in upcoming elections. What Happened: In an X post Wednesday,...

The Wells notice issued to NFT marketplace OpenSea by the Securities and Exchange Commission (SEC) on Wednesday has sparked a renewed call for clear and comprehensive cryptocurrency regulations. What Happened: Industry leaders argue that the current approach of “regulation by enforcement...

The Securities and Exchange Commission (SEC) on Wednesday issued a Wells notice to NFT marketplace OpenSea, indicating the regulatory body’s intent to sue the company, alleging that certain NFTs traded on its platform should be classified as securities. What Happened: Expressing his shock...

The Securities and Exchange Commission (SEC) has filed charges against brothers Jonathan and Tanner Adam, along with their respective companies, for allegedly operating a $60 million Ponzi scheme that affected over 80 investors nationwide. What Happened: According to the SEC’s complaint filed...

A California judge has ruled that the lawsuit filed by the Gary Gensler-led Securities and Exchange Commission against cryptocurrency exchange Kraken will proceed to trial, paving way for another high-voltage legal battle between the regulator and a high-profile blockchain-based company. What...

In stark contrast, Brazil approved its second Solana (CRYPTO: SOL) ETF this month, while prospects of a similar investment product in the U.S. appear bleak. What Happened: The Brazilian Securities and Exchange Commission greenlighted the ETF offered by Brazilian cryptocurrency asset manager Hashdex...

Although SEC Chairman Gary Gensler has not publicly indicated any plans to leave his current position, there are growing rumors in Washington that Vice President Kamala Harris may nominate him as Treasury Secretary if she wins the upcoming election. What Happened: Senior Senate staffers have...

The U.S. Securities and Exchange Commission announced Monday that it settled charges against billionaire activist investor Carl Icahn and his publicly traded company Icahn Enterprises L.P. (NASDAQ:IEP) after regulators alleged that he failed to disclose billions worth of personal loans pledged...