Tag: SEC
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SEC Asks Court for Summary Judgement Against Do Kwon, Terraform
[ad_1] Terraform and Kwon also engaged in fraudulent conduct and made misleading statements, the SEC reiterated in the filing, re-emphasizing that they committed fraud by deceiving investors about the stability of UST, falsely crediting their algorithm for its price stabilization while secretly arranging third-party intervention, making their claims about the algorithm’s efficiency misleading and materially…
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SEC Chair Gary Gensler Celebrates The 15th Anniversary of The Bitcoin White Paper
[ad_1] Today, SEC Chair Gary Gensler took to X (Twitter) to commemorate the 15th anniversary of the Bitcoin white paper. Gensler, who was nominated by President Biden to serve as SEC Chair in 2021, celebrated the publication of the original Bitcoin white paper by the pseudonymous creator Satoshi Nakamoto, along with a message that read, “If Satoshi Nakamoto…
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SEC Drops Bombshell: Terra Founder Do Kwon Chat History Leaked
[ad_1] A court filing by the SEC has shown the contents of leaked chats between Do Kwon, founder of the Terra blockchain which collapsed in 2022, and co-founder Daniel Shin, the CEO of the Chai payment app. Chat History Between The Two Co-founders On September 22, 2023, a court filing revealed the chat history between…
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???? SEC Declares War on Crypto
[ad_1] Binance warns of delisting stablecoins in the EU, an influencer-backed crypto exchange is busted in Hong Kong and you will never guess what you might find in a Venezuelan prison! These stories and more, this week in crypto. Bitcoin Tops August Mark Bitcoin extended its rally, climbing above the $27,000 mark for the first…
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Binance and Changpeng Zhao Seek Dismissal of SEC Lawsuit, Citing Regulatory Overreach
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Binance Holdings and its CEO, Changpeng Zhao, requested the dismissal of a lawsuit brought against them by the Securities and Exchange Commission (SEC), arguing the regulator had overstepped its authority. In a 60-page motion filed on Sept. 21, Zhao and his…
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U.S. SEC Counters Ripple in Ongoing Effort to Appeal Groundbreaking XRP Ruling
[ad_1] Judge Torres ruled in July that Ripple violated federal securities law in how it sold XRP to institutional investors, but that it had not done so with retail investors. Another judge in the same court, Judge Jed Rakoff, disagreed with the judgment when he ruled on a different case, also brought by the SEC.…
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SEC Hasn’t Met Requirements to Argue for an Appeal, Ripple (XRP) Says
[ad_1] July’s ruling did not “present a controlling question of law,” and neither did the SEC’s motion for an appeal, Ripple said in Friday’s filing, which added that the regulator hasn’t proven that different judges might disagree with the ruling, or that an appeal would lead to a faster end for the court case –…
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SEC Delays BlackRock, Fidelity, And Other's Spot Bitcoin ETF Applications
[ad_1] The SEC has just delayed BlackRock, Fidelity, WisdomTree, Invesco & Galaxy, VanEck, Bitwise, and Valkyrie’s spot Bitcoin ETF applications, as first reported by Bloomberg ETF analysts James Seyffart and Eric Balchunas. This was the first SEC decision deadline in the listing process for these applicants since filing, with the delays pushing these applications back another…
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WisdomTree and Invesco Galaxy Spot Bitcoin (BTC) ETF Applications Delayed by SEC
[ad_1] Judge Neomi Rao, writing for the unanimous court, said the SEC’s denial of the application was inconsistent with the approval of a pair of bitcoin futures ETFs, and did not explain why it viewed these types of products differently given the underlying bitcoin market had a “99.9% correlation” between spot and futures market prices.…
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Gemini Hits Back At SEC Lawsuit With Dismissal Filing
[ad_1] Gemini, an American cryptocurrency exchange, has taken a stand against the United States Securities and Exchange Commission (SEC), deeming the lawsuit brought forth by the regulator as “absurd.” Gemini Pushes Back Against SEC Lawsuit In the ongoing legal battle between Gemini Exchange and the US SEC, co-founders Cameron Winklevoss and Tyler Winklevoss have contested…