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Tag Archives: sec

Coinbase Supports Ripple’s SEC Battle: Files Amicus Brief

Leading American cryptocurrency exchange Coinbase is seeking permission to file an amicus brief, also known as “friend of the court,” in support of Ripple Labs’ ongoing court case with the United States Securities and Exchange Commission (SEC).  According to a court document submitted on October 31, the exchange sought permission from Judge Analisa Torres of the United States District Court for the Southern District of New York Judge to file the petition against the...

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Ethereum Is Commodity, Says CFTC Chair

Behnam made this remark while speaking at the Regulating Financial Innovation event on October 24, where he added that he thinks Gary Gensler, chair of the SEC, thinks otherwise or at least hasn’t certainly declared one or the other.Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has reaffirmed that Ethereum, the second-biggest cryptocurrency in the crypto market, is a commodity.Behnam made this remark while speaking at the Regulating Financial Innovation event on October 24,...

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Is CFTC Underfunded to Regulate Cryptocurrency Industry?

The CFTC has been working closely with the SEC to help provide crystal clear cryptocurrency regulations.The cryptocurrency market is getting shaped by global geopolitics. In the United States, the Commodity Futures Trading Commission (CFTC), under Chair Rostin Behnam, has been at the forefront of cryptocurrency industry regulations. However, it has been regarded as a friendlier regulator than the Securities and Exchange Commission (SEC).During a panel discussion hosted by law firm Lowenstein...

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The Crypto Industry is Not Decentralized: SEC Chairman

Gary Gensler – chairman of the Securities and Exchange Commission (SEC) – said on Monday that crypto markets are, ironically, not decentralized. The chairman argued that there is significant market dominance among a few “intermediaries” in the industry, which is stifling competition.  Centralization in Financial Markets According to the chairman’s prepared remarks at the Securities Industry and Financial Markets Association’s annual meeting, central intermediaries in...

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SEC Investigations Push Investors Toward Crypto: Study

The thorough analysis and several investigations that the US Securities and Exchange Commission (SEC) has launched on notorious crypto-related entities seem to be working out for the industry so far. 60% of the respondents in a recent survey said they are more likely to enter the digital asset ecosystem after seeing how the regulator interacted with several troubled firms, including Celsius Network, Three Arrows Capital (3AC), and Yuga Labs. Investors Fond of the SEC’s...

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Kim Kardashian Forfeits Penalty Funds to the SEC Over Ethereum Max Promotion

Kim Kardashian has agreed to pay a $1.26 million fine to the Securities and Exchange Commission (SEC) due to what may have been an unlawful promotion of a new digital currency known as Ethereum Max. Kim Kardashian Settles with the SEC Kardashian is not in trouble for promoting the currency. This happens all the time with celebrities, though what Kardashian allegedly failed to do was tell all her social media followers she was promoting the asset that she had garnered...

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