Van Eck's latest research appears to be an effort towards calming investor fears about Bitcoin... as well as the SEC's.
The Securities and Exchange Commission, or SEC, is an independent agency within the United States government tasked with regulating the securities markets in a way that protects the public from fraud, maintains fair and efficient markets, and facilitates healthy capital formation in the U.S. and its jurisdictions.
The emergence of cryptocurrencies with the advent of Bitcoin (BTC) directly challenged the hegemonic order of the legacy financial system and quickly provoked ire and distrust from various regulatory authorities.
The SEC, however, remained largely quiet on securities law applicability to cryptocurrencies and fundraising events until July 2017 when the agency published their report on the DAO project, concluding that the sale of DAO tokens was in fact an unregistered securities offering and therefore subject to securities laws. This was published in the context of the initial coin offering, or ICO, craze of 2017 to2018.
Since then, the SEC has slowly brought cases against various projects such as halting the launch of the highly anticipated Telegram blockchain network, TON, in October 2019, thus setting legal precedent for all current and future blockchain ventures.
The SEC is one of the most powerful regulatory agencies in the world, as most countries often wait to see how the U.S. regulates certain industries before implementing their own legislation and regulatory frameworks.
Libel laws and new faces at the U.S. securities regulator lead the week's news.46667
The new risk-managed Bitcoin fund was filed with the SEC on Thursday.9406
Jay Clayton is stepping down from his role as SEC Chairman at the end of the year, but before going he wants to set the record straight on the SEC’s opinion of Bitcoin.20418
The SEC is seeking a default judgment against three companies and four individuals for their roles in an allegedly fraudulent ICO that duped $9 million from 500 investors.4773
The letter states the regulatory agency “will not recommend enforcement action” against a platform issuing a digital currency capable of being converted to fiat.15064
The settlement with the SEC came after the three were charged in September for their participation in “unregistered and fraudulent” ICOs.7673
The outgoing SEC director first joined the agency in 2017.4965
Securities firms in Thailand are now authorized to count crypto as capital funds.5239
The SEC summarized its efforts on combating crypto misconduct as its chairman is set to step down by the end of this year.4632
The chairman of the Securities and Exchange Commission is set to move on after three and a half years in the role.15366
Do the new safe harbors against integration pave the way for a successful SAFT process?5421
In a record-breaking year, the SEC seized $4.68 billion — more than a quarter of which came from cryptocurrency-related firms.4262
Could XRP’s regulatory status be finally settled one day?17668
Telegram must pay $625,000 to Lantah LLC — a small crypto firm it sued in 2018 over using the ‘GRAM’ trademark and ticker.8543