Results For: SEC
Kraken Fires Back at SEC, Arguing Agency’s Case Lacks Proper Wording
Kraken has intensified its legal battle with the United States Securities and Exchange Commission (SEC) by filing a reply to the agency’s April letter regarding the company’s motion to dismiss the case. Kraken argues in the latest development that the SEC has not identified any specific investment contracts traded, brokered, or settled on its platform. …...
Consensys CEO Joseph Lubin Accuses SEC of Stifling Innovation Like Ethereum
Joseph Lubin, the co-founder of Ethereum and CEO of Consensys, has spoken out against the U.S. Securities and Exchange Commission (SEC). He alleged that the regulator is intentionally hindering innovation in the cryptocurrency industry to protect the existing financial landscape. In a candid discussion at FT Live’s Crypto and Digital Asset Summit in London shared …...
Robinhood To Prevail Against SEC Despite Wells Notice: KBW
The Securities and Exchange Commission’s (SEC) recent issuance of a Wells Notice to Robinhood (HOOD) has taken analysts at Keefe, Bruyette & Woods (KBW) by surprise. KBW released a research report on Monday, highlighting Robinhood’s conservative approach to digital asset listings. Key points: According to the KBW report, Robinhood distinguishes itself from its competitors by …...
SEC Chair Gensler Accused of Misleading Congress on Ethereum Classification
According to Chairman Patrick McHenry (NC-10) of the House Financial Services Committee, new evidence suggests that Gensler intentionally misled Congress regarding the classification of Ethereum (ETH). Key points: Just months after a federal judge sanctioned SEC enforcement lawyers for lying to the court, McHenry asserts in a committee statement that new evidence has emerged that …...
SEC Files Fraud Charges Against Texas-Based Geosyn Mining and Its Co-Founders
The U.S. Securities and Exchange Commission (SEC) has announced the filing of charges against Geosyn Mining, LLC, a Texas-based crypto asset mining and hosting company, and its co-founders, Caleb Ward (CEO) and Jeremy McNutt (former COO). The charges are based on allegedly engaging in an unregistered and fraudulent securities offering. The complaint, filed in the …...
Consensys Files Lawsuit Against SEC, Seeks Clarity on Ethereum’s Status
Consensys, a prominent backer of the Ethereum blockchain, has filed a lawsuit against the SEC in a Texas federal court. On Thursday, Consensys initiated legal action to preempt an impending SEC lawsuit over features of its popular MetaMask wallet. Additionally, the lawsuit seeks a court ruling on the issue of whether Ethereum (ETH) should be …...
Crypto Industry Groups Sue SEC Over Expanded ‘Dealer’ Definition
The U.S. Securities and Exchange Commission (SEC) is now the target of a lawsuit brought by the Texas Crypto Freedom Alliance and the Blockchain Association. The lawsuit alleges that the agency’s recently expanded definition of a “dealer” has overreached and could potentially capture individuals who are merely trading in cryptocurrencies. Key points: According to the …...
Ripple Opposes SEC’s $2B Fine Request, Argues for $10M Penalty
Ripple has filed its opposition to the Securities and Exchange Commission’s (SEC) Motion for Remedies and Entry of Final Judgment in the ongoing legal battle over the sale of XRP tokens. The move comes after the SEC proposed that Ripple should pay nearly $2 billion in fines for selling XRP to institutional investors. However, Ripple …...
Two SEC Lawyers Exit After Judge Sanctions Agency in DEBT Box Case
According to a recent report by Bloomberg, two Securities and Exchange Commission (SEC) lawyers have resigned following a federal judge’s rebuke of the agency for its handling of a crypto case against DEBT Box. According to sources familiar with the matter, Michael Welsh and Joseph Watkins resigned after an SEC official threatened to fire them …...
Thailand SEC to Block Access to Unauthorized Crypto Service Providers
The Securities and Exchange Commission (SEC) of Thailand has announced its collaboration with the Ministry of Digital Economy and Society (DE) and other related agencies. The collaboration is part of the plan to block unauthorized access to digital asset service providers’ platforms. This move aims to increase the efficiency of law enforcement and prevent criminals …...
