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Tag Archives: sec

Federal Judge Denies Ripple’s Motion To Access The Trading History of the SEC’s Employees

A federal judge in New York has denied Ripple Labs’ motion to order the U.S. Securities and Exchange Commission (SEC) to produce records of its employees’ crypto transactions in an effort to prove that the agency did not consider XRP to be a security. The SEC Wins One Against Ripple According to an official transcript, Ripple filed the request on August 27. Their rationale for the request was that if it were discovered that the SEC employees had traded XRP, it would at a...

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Fidelity to the SEC: Come On, Just Approve Our BTC ETF!

Fidelity Digital Assets – the cryptocurrency division of Fidelity Investments – has recently sent representatives of the firm to secretly meet with agents of the Securities and Exchange Commission (SEC) as a means of pushing its new crypto-based exchange-traded fund (ETF) further along the way. Fidelity Wants the SEC to Move Quickly Fidelity believes that the cryptocurrency industry is now large enough to push such a product, which has been making its way across SEC...

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SEC Chair Gensler: Stablecoins Are Poker Chips at the Casino Gaming Tables

David Ignatius of the Washington Post interviewed SEC chair, Gary Gensler, on the cryptocurrency landscape, where the latter provided his approach to regulating the digital asset industry. Gensler expresses optimism for the possibilities crypto provides for enhancing finance, but he also believes that most of the space should fall under regulatory supervision – including stablecoins. At the start of the interview, Gensler commented on the recent market crash in the market of...

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Lawmakers Pressure Gary Gensler to Establish New Crypto Rules

Gary Gensler and the Securities and Exchange Commission (SEC) are really feeling the heat when it comes to developing new regulations surrounding the bitcoin and blockchain spaces. The agency is now working “overtime” as CNBC puts it to establish a new set of crypto-related rules designed to pause volatility and potentially keep traders (and their money) safe. Gary Gensler Is Now Under the Gun Gensler has commented in a recent statement that while he wants the space to...

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Coinbase Halts Plans for Crypto Lending Product Amid SEC Pressure

In an update to a blog post from months prior, Coinbase has withdrawn its plans to launch a USDC APY lending program on the platform in response to mounting legal pressure from regulators. Coinbase Bends to the SEC The news was quietly released this Friday when Coinbase updated its June blog post that announced an upcoming lending product. After encouraging users to pre-enroll for its program, the team has now discontinued its waitlist, which attracted hundreds of thousands...

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Analysts Say Putting Crypto in an IRA Is Not the Best Idea

Over the past few months, the idea of adding bitcoin or crypto to one’s retirement account has really picked up steam. There are many individuals out there that are looking for ways to diversify their portfolios as a means of preparing for retirement later in life, and thus they are looking to add cryptocurrencies to an IRA or similar product. a Crypto-Based IRA Doesn’t Have That Many Possibilities For many, inflation has become a very scary reality. Prices of goods and...

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SEC aktuell nicht groß genug, um Cryptomarkt zu regulieren

SEC-Boss Gary Gensler hat sich schon mehrfach zu Regulierungen des Cryptomarktes geäußert. Er sieht die Regulierung als notwendig an und glaubt, dass der Markt davon profitieren sollte. Doch gleichzeitig sagt er auch, dass die SEC zurzeit einfach nicht die Ressourcen hat, um eine Regulierung umzusetzen. Crypto News: SEC aktuell nicht groß genug, um Cryptomarkt zu regulierenAktuell sei man vor allem mit den Unternehmen beschäftigt, die intensive Verbindungen zu China haben. Darüber hinaus hat...

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Fidelity Urges The SEC to Greenlight Its Bitcoin ETF Application

The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently. Looking for The SEC’s Approval According to a recent filing, the multinational investment management giant – Fidelity Investments – pressured the U.S. Securities...

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The SEC Is Threatening to Sue Coinbase

The Securities and Exchange Commission (SEC) has issued Coinbase – one of the biggest and most popular digital currency exchanges in the world – with a Wells notice, meaning it plans to sue to the trading platform in court. Coinbase Is Under Legal Threat According to the letter, the SEC has taken issue with the company’s new Lend program, which allows crypto owners to lend out their cryptocurrency and earn interest on their assets. Several states have apparently said...

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SEC Charges Rivetz Corp CEO Over a $18 Million Fraudulent ICO

The United States Securities and Exchange Commission (SEC) continues with its efforts to clamp down on illegal initial coin offerings. This trend started a couple of years back when ICOs were at their prime but has steadily escalated in 2020 and 2021. SEC Charges Rivetz Corp CEO for $18 Million According to an official litigation release, the SEC has charged Rivetz Corp., Rivetz International SEZC, as well as the president of Rivetz and the CEO of Rivetz International –...

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