Tag Archives: sec

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...

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...

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...

Cross-platform, cloud-based instant messaging service Telegram has announced that it will auction usernames on TON.According to reports, Telegram plans to auction usernames on The Open Network (TON) blockchain. This decision comes two months after Telegram founder Pavel Durov first floated the idea. A message on an official channel belonging to the dual-headquartered platform read that “a few weeks ago, the founder and CEO of Telegram announced the upcoming ability to buy and sell unique and...

Earlier, Celsius Network said that Prime Trust refused to fulfill its obligation of transferring the $17 million in crypto assets at the time of dissolving the agreement. On Thursday, October 20, crypto service provide Prime Trust agreed to return $17 million to troubled crypto lender Celsius Network. Prime Trust is popular for offering custodial services for digital assets.Celsius Network and Prime Trust CaseThe company reportedly held $119 million of Celsius’ assets. In August, Celsius...

The Ripple team believes the Hinman documents will reveal the SEC’s double-handedness in dealing with the case.The world’s richest man Elon Musk has seemingly thrown his weight behind Ripple as a new development in the Ripple-SEC case proves the blockchain company is one step closer to victory.After Ripple’s counsel, Stuart Alderoty confirmed the receipt of the long-awaited Hinman documents, Ripple CEO Brad Garlinghouse took to Twitter to express his disappointment. After Garlinghouse’s...

Grayscale’s lawsuit against the SEC has started gaining traction as prominent names from the crypto industry rallied behind the asset manager. The latest one to chime in is Coinbase. The cryptocurrency exchange has filed an amicus brief backing Grayscale Investment’s lawsuit against the United States Securities and Exchange Commission (SEC) for disapproving the company’s proposal for a spot Bitcoin ETF application earlier this year. “Double Standards” In its battle against...

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New York Digital Investment Group (NYDIG) – an investment management firm that offers a wide variety of bitcoin services – reportedly laid off around one-third of its staff in September. Not long ago, it announced the departure of CEO Robert Gutmann and President Yan Zhao. Despite the redundancies, the former leaders remained as key members of NYDIG’s parent company – Stone Ridge Holdings Group. Joining the Dismissal Spree The Wall Street Journal informed that last month...

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