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Lawyer Oscar Franklin Tan told Cointelegraph that Hester Peirce's comments were widely misunderstood, as royalties were never considered a security.
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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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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.
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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.
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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.
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Strive said it is looking to acquire 75,000 Bitcoin from claims tied to Mt. Gox to buy the cryptocurrency at a discount.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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The task force, headed by Commissioner Hester Peirce, was launched the day after US President Donald Trump took office in January.
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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.
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The SEC's sole Democratic commissioner, Caroline Crenshaw, claims the regulator’s “about-face” on crypto undermines the agency’s credibility.
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The new SEC chair said the regulator "should not be in the business" of stifling innovation at companies like those involved in digital assets.
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Everstake met with the SEC’s Crypto Task Force to argue that non-custodial staking is a technical process, not a securities transaction.
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Lawyers for Eric Council Jr. had requested a sentence of one year and one day, while the US government asked for two years.
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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.
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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.
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The Securities and Exchange Commission has questioned Coinbase’s 2021 claim that it had more than 100 million “verified users” in the ongoing investigation.
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