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Tag Archives: sec

Kim Kardashian Settles With SEC, Pays $1.26M for Unlawfully Promoting EthereumMax

The US Securities and Exchange Commission brought charges against Kim Kardashian for promoting a crypto security – Ethereum Max. The popular US media personality, model, and businesswoman agreed to pay $1.26 million to settle the charges. CryptoPotato reported in January this year a lawsuit filed in California against Floyd Mayweather and Kim Kardashian, claiming that they misled investors by promoting a cryptocurrency security called EthereumMax (EMAX). The SEC announced on...

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US SEC Charges Two Firms for Alleged Crypto Pump and Dump Scheme

The United States Securities and Exchange Commission (SEC) has accused two companies, their executives, and a supposed international gold trader, of running a fraudulent scheme to boost demand for their digital token. The false promotion of the token netted proceeds of over $36 million for the defendants, the agency said. A Fake $10 Billion Gold Bullion Acquisition According to a lawsuit filed on Friday (September 30, 2022), a Bermudan company called Arbitrade, a Canadian...

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Perianne Boring: The SEC Must Approve a BTC ETF

The Securities and Exchange Commission (SEC) has yet to approve a single bitcoin-based exchange-traded fund (ETF), and many representatives of the crypto space are beginning to have serious issues with this. Recently, Perianne Boring – the founder of the Digital Chamber of Commerce – delivered a new report claiming that the SEC is purely out to stop crypto in its tracks as part of a larger political agenda rather than through attempts to protect investors. The SEC Has...

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Another Win for Ripple: Judge Orders SEC to Hand Over Hinman Speech Documents

New York judge Analisa Torres has ordered the Securities and Exchange Commission (SEC) to turn over internal documents, including emails and drafts, related to a speech from former commissioner William Hinman in 2018. The order marks a big win for Ripple in its legal battle with the regulator, as the story behind the speech may hold the key to dismantling the SEC’s core legal argument.  Judge Overrules SEC According to the letter filed by judge Torres on Thursday, the...

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SEC Targets The Hydrogen, Related Entities Over Crypto Securities Market Manipulation

The US Securities and Exchange Commission (SEC) has filed charges against The Hydrogen and its market maker, Moonwalkersfor, for allegedly engaging in unregistered securities and artificially inflating token’s priceoken. The SEC accused the two firms and thtwo execs of breaking the securities laws’ registration, anti-fraud, and market manipulation provisions. The securities watchdog also asked for permanent injunctive relief, conduct-based injunctions, disgorgement with...

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The SEC is Angling to Take Authority Over All Ethereum Transactions in SPRK Suit (Opinion)

On Monday, the Securities and Exchange Commission filed a regulatory action against Ian Ballina. The computer engineer and data scientist has appeared prominently on investment programs such as CNBC, Forbes, Business Insider, and Entrepreneur Magazine. SEC Hammers Sparkster Coin for Improper Disclosures The SEC filed the civil complaint in Austin, Texas, over the initial coin offering for the Ethereum-based token Sparkster. The commission alleges improper consumer disclosures...

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SEC Charges Crypto Influencer for Not Disclosing Incentive to Promote Unregistered ICO

The United States Securities Exchange Commission (SEC) has filed a lawsuit against prominent crypto influencer, investor, and entrepreneur Ian Ballina over an initial coin offering (ICO) dating back to 2018. The SEC accused Ballina purchased $5 million worth of SPRK tokens from Sparkster Ltd. and received 30% bonus tokens before he started promoting it on social media. He did not disclose that he was given an incentive to promote the ICO, the regulator has charged in its...

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