The SEC’s Gary Gensler managed to excite, then rudely disappoint crypto fans with a “legendary and respectable troll thread.”
Securities and Exchange Commission (SEC) Crypto News
The Securities and Exchange Commission (SEC) serves as a cornerstone of United States financial regulation, ensuring fair markets and protecting against fraud. The emergence of cryptocurrencies like Bitcoin (BTC) challenged established norms. Despite initially not interfering in the crypto space, the SEC intervened during the 2017 to 2018 initial coin offering frenzy, asserting securities laws on tokens like The DAO (DAO).
Key legal battles followed, including halting the Telegram Open Network and suing Ripple for unregistered XRP (XRP) sales. In a significant move, the SEC sued Binance in June 2023, alleging unregistered securities sales, implicating prominent tokens such as Solana’s (SOL), Cardano’s (ADA), Polygon’s (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity’s (AXS) and Coti (COTI). Coinbase also faced charges related to its staking service.
These actions reverberated globally, as nations often model their regulations after the U.S., highlighting the SEC’s international impact. Through its interventions and legal battles, the SEC shapes the future of crypto regulation, ensuring the integrity of digital markets and influencing global financial landscapes.
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The Securities & Exchange Commission has chosen Uniswap — rather than a fraudulent actor — as its latest target. The commission is facing stiff odds of success.
2566ETH derivatives data shows pro traders’ appetite for risk declining, placing pressure on the $3,000 support level.
10078The 2022–2023 period saw several bad actors wiped from the cryptocurrency industry, none bigger than FTX’s Sam Bankman-Fried.
6564Bitcoin Depot says its revenues are independent of Bitcoin’s volatility as the firm maintains a “relatively low balance” of BTC.
2633The new ETFs are reportedly from Harvest Global Investments, China Asset Management and a partnership between HashKey and Bosera Asset Management.
5484The U.S. SEC Wells notice against Uniswap raises questions about consistency in policy enforcement.
26244This week’s Crypto Biz explores the rise of tokenization markets, PayPal’s stablecoin, SushiSwap’s move to a “Labs model,” and the U.S. SEC’s decision to defer Bitcoin ETF options.
4875Uniswap Labs said its “ready to fight” after disclosing it received a notice of possible enforcement action from the SEC.
6867ADA price remains in a downtrend as a handful of factors weigh on the altcoin.
1498The U.S. SEC issued a Wells notice to the decentralized exchange Uniswap on April 10, the team confirmed on social media.
11932“Pins are dropping,” Jan van Eck told CNBC that the lack of comment from the SEC regarding the roster of pending Ether ETFs was far from a good sign for approval by May.
5737U.S. regulators have yet again injected uncertainty into the crypto markets by assessing whether Ethereum is a security. What are the effects for crypto investors?
3140The April 8 delay decision impacts proposed options trading on spot Bitcoin ETFs on the New York Stock Exchange, namely those from Bitwise and Grayscale.
12581Gurbir Grewal, the director of the Division of Enforcement at the SEC, has pushed back against criticism that the regulator is making up rules on crypto as it goes along.
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