SEC

Editor’s note: The story has been updated with a request for comment from NovaTech Ltd. The Securities and Exchange Commission (SEC) has leveled serious allegations against NovaTech Ltd., its principals, and a group of promoters for orchestrating a fraudulent scheme that defrauded over 200,...

B. Riley Financial Inc. (NASDAQ:RILY) shares are currently trading at around $8.08, down more than 52.54% at last check Monday, after reports circulated that its second-quarter earnings would be delayed as regulators probe the Los Angeles-based boutique bank.Trading was temporarily halted at 9:33 a...

Former Treasury Secretary Lawrence Summers has urged the Securities and Exchange Commission (SEC) to conduct an investigation into the historic surge in the Cboe Volatility Index (VIX) that occurred on Monday. What Happened: Summers speculated that the unusual VIX movement could be due to the...

Jason Warnick, CFO of Robinhood Markets Inc. (NASDAQ:HOOD), has expressed optimism about the company’s future, contingent on improved regulatory clarity for cryptocurrencies in the U.S. What Happened: During the second-quarter 2024 earnings call, Warnick voiced his belief that a more...

Payment-focused cryptocurrency XRP (CRYPTO: XRP) soared 15% Wednesday after Ripple Labs was handed a $125 million fine by a federal judge, a penalty far less than the $1.9 billion that the SEC had sought. What Happened: In a major development in the three-and-a-half-year-old legal battle, District...

Do Kwon, the disgraced co-founder of Terraform Labs, is set to be extradited from Montenegro to South Korea, as per a court ruling. The decision rejects a U.S. extradition request. What Happened: The Appellate Court of Montenegro upheld a previous decision by the High Court of Podgorica to hand...

Vice President Kamala Harris‘s recent engagement with cryptocurrency has ignited widespread discussion. Her actions suggest a potential overhaul in U.S. financial policy regarding digital assets, stirring both scrutiny and optimism among industry leaders. Comments from influential figures...

As the digital asset industry grows, influential political figures are increasingly revealing their substantial investments in cryptocurrencies. John Deaton, an attorney running for Senate against Sen. Elizabeth Warren (D-Mass.), recently disclosed that approximately 80% of his net worth is tied up...

Short seller Andrew Left is best known for being one of the prominent voices against video game retailer GameStop Corporation (NYSE:GME) during its short squeeze in 2021. The short seller now faces charges from the SEC in a case that could forever change how short reports are published. What...

The U.S. Securities and Exchange Commission (SEC) has revealed its intention to modify its legal complaint against cryptocurrency exchange Binance, particularly focusing on the aspect of cryptocurrencies as securities. What Happened: This development, disclosed in a joint response to the court...

Former President Donald Trump promised that if reelected, he would remove Gary Gensler from his position as Chair of the Securities and Exchange Commission (SEC). What Happened: This declaration has quickly become one of Trump’s most potent talking points, striking a chord with cryptocurrency...

The much-anticipated launch of Ethereum ETFs in the U.S. saw a promising start, attracting a combined net inflow of nearly $107 million on their first day. What Happened: The launch saw a flurry of activity with over $1 billion in shares traded across nine newly introduced ETFs. BlackRock Inc.'s...

Wyoming-based cryptocurrency company Debt Box is currently at the center of a $400 million controversy involving alleged kidnapping and asset seizure. What Happened: An SEC case against Debt Box, which accused the company of offering unregistered digital assets, was dismissed in March after a...

In a landmark development, the SEC has approved the commencement of trading for spot Ethereum (CRYPTO: ETF) exchange-traded funds Monday, exposing mainstream investors to the price moves of the world’s second-largest cryptocurrency. What Happened: Bloomberg senior ETF analyst Eric Balchunas...

Former President Donald Trump has selected Senator J.D. Vance (R-Ohio) to be his running mate in the 2024 presidential election. The Senator has grown in popularity in the Republican Party in recent years, but many across the nation may be unfamiliar with his history. Here's a look at five things...