Altcoin Watch
An increase in leverage use and favorable regulatory changes could trigger an XRP rally to $3.50 and above.
14591
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.
- News
Trump adviser David Sacks says the GENIUS Act will pass the Senate with bipartisan support, potentially unlocking trillions in demand for US Treasurys.
2729 - News
Lawyer Oscar Franklin Tan told Cointelegraph that Hester Peirce's comments were widely misunderstood, as royalties were never considered a security.
6978 - News
Bloomberg ETF analyst James Seyffart thinks the SEC is more likely to first approve a Litecoin ETF amid the raft of crypto funding filings the agency is currently considering.
6361 - News
Viral internet personality Haliey Welch says the FBI and SEC went through her phone after the disastrous launch of her memecoin, before ultimately clearing her of wrongdoing.
6493 - News
The SEC claims thousands of investors were drawn in by “fictitious promises” that the crypto assets were backed by billions of dollars in real estate.
4338 - News
Strive said it is looking to acquire 75,000 Bitcoin from claims tied to Mt. Gox to buy the cryptocurrency at a discount.
7350 - News
The task force, headed by Commissioner Hester Peirce, was launched the day after US President Donald Trump took office in January.
5519 - News
Robinhood has filed a proposal with the US SEC to establish a national framework for real-world asset tokenization, including plans for a new trading platform.
7484 - News
The SEC's sole Democratic commissioner, Caroline Crenshaw, claims the regulator’s “about-face” on crypto undermines the agency’s credibility.
3456 - News
The new SEC chair said the regulator "should not be in the business" of stifling innovation at companies like those involved in digital assets.
4047 - News
Everstake met with the SEC’s Crypto Task Force to argue that non-custodial staking is a technical process, not a securities transaction.
8321 - News
Lawyers for Eric Council Jr. had requested a sentence of one year and one day, while the US government asked for two years.
2330 - News
Ripple’s Stuart Alderoty said “procedural concerns” are at the heart of a court’s denial of a joint motion by Ripple and the SEC to settle the regulator’s case against it.
6185 - News
Hong Kong-rooted DDC has acquired 100 Bitcoin as part of its BTC reserve plan to acquire 5,000 BTC in the next 36 months.
7643