What The SEC’s Latest Announcement Means For The Crypto Industry
A recent announcement by the US Securities and Exchange Commission (SEC) suggests that the crypto industry may be in for more pain
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SECs
U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi
The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head of the agency’s Crypto Assets and Cyber Unit. Source
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Binance’s U.S. Exchange Bucks SEC’s Document Requests Amid Investigation
BAM’s lawyers, however, alleged those requests were “unduly burdensome,” forcing BAM to take on “significant expense[s],” according to the filing. In addition, some of the documents are either not in the exchange’s possession or fall “outside the scope” of what is pertinent to the SEC’s investigation, the lawyers alleged. Source
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Stoner Cats NFTs ‘fan crowdfunding’ not securities: SEC’s Peirce, Uyeda
The United States Securities and Exchange Commission (SEC) charging nonfungible token (NFT) project Stoner Cats sparked feedback from commissioners Hester Peirce and Mark Uyeda, arguing that the project’s activity constitutes fan crowdfunding, which they believe is common for artists. On Sept. 13, the SEC charged Stoner Cats 2 LLC, the firm
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Gary Gensler confirms SEC’s use of AI for financial surveillance
United States Securities and Exchange Commission (SEC) Chair Gary Gensler testified on Sept. 12 in a Senate oversight hearing that his agency was currently using artificial intelligence (AI) technologies to monitor the financial sector for signs of fraud and manipulation. Gensler gave a public speech before the National Press Club on
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SEC’s Gensler accuses crypto industry of ‘wide-ranging non-compliance’
In written remarks submitted ahead of a hearing before the US Senate Banking Committee, SEC Chair Gary Gensler has once again reiterated his stance on crypto. The US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, doesn’t seem to change his mind on crypto despite the recent challenges the regulator faced
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Binance Says SEC’s Request for Depositions ‘Overboard’ and Unduly Burdensome
Binance says the SEC has no evidence to support its allegations that imply investor assets have been wrongfully diverted. Source
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SEC’s Gary Gensler to hold firm on crypto enforcement in Senate hearing
Seemingly unfazed by a recent slew of court setbacks, United States Securities and Exchange Commission Chair Gary Gensler remains headstrong that his agency should be the one to reign over crypto — with plans to tell lawmakers the same on Sept. 12. In the last two months, the securities regulator lost
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Ripple’s CLO calls SEC’s latest filing “Hypocritical Pivot”
Stuart Alderoty, Ripple's Chief Legal Officer and General Counsel in the SEC v. Ripple Labs case, has characterized the United States Securities and Exchange Commission's (SEC) latest submission as a "contradictory shift" and contends that it holds little sway. Following the recent filing by the U.S. SEC to reinforce its interlocutory
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LBRY to challenge SEC’s accusation of securities law violation
Decentralized file-sharing network LBRY (LBC) filed a declaration of intent to challenge the accusations that the SEC had moved against it. In a Sept. 7 filing, LBRY’s legal counsel appealed to the United States Court of Appeals for the First Circuit. This Court’s final judgment was issued in July. The judge
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