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Tag Archives: us sec

Gary Gensler’s War on Crypto Will Put Off Young Voters, Cameron Winklevoss Says

While some Democrats have been criticized for their regulatory stance on cryptocurrencies, it is essential to recognize that not all members of the party hold an anti-crypto position. In recent years, the world of crypto has grown in popularity, particularly among the younger population and the US Democratic Party’s stance on crypto regulations in recent times has raised concerns among influential figures in the industry. Cameron Winklevoss, the co-founder of the crypto exchange Gemini,...

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Bitcoin (BTC) and Broader Crypto Market Come Crashing Down Following SEC Lawsuit on Binance

After SEC’s action on Binance, Bitcoin and the broader crypto market tanked instantly. Altcoins face heavy correction to the tune of 7-8% with Binance BNB suffering the most. The filing of the lawsuit by the US SEC against crypto giant Binance sent shockwaves across the entire cryptocurrency market on Monday, June 5. Over the last 24 hours, Bitcoin (BTC) and the broader cryptocurrency market have corrected by over 4%. As of press time, the Bitcoin (BTC) price is down by 4% and is...

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Coinbase to Expand to Singapore as US SEC Denies Answerability

The firm also conducted a survey recently to asses the constructive stance of policymakers towards crypto and Web3 in Singapore. Crypto exchange Coinbase is looking into relocating to Singapore as the United States Securities and Exchange Commission rejects the company’s requests for regulatory clarity. The US SEC recently asked the judge to deny Coinbase’s bid to coerce the agency to answer Coinbase’s rulemaking petition. The petition was submitted last year asking for clarity on how...

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OTC Markets Secures FINRA Approval to Offer Digital Assets as Securities

If the US SEC classifies cryptocurrencies as securities, OTC Markes will be well-positioned in providing liquidity to these assets in the future. During its earnings call earlier this week, OTC Markets announced that it has secured FINRA approval in order to provide services for digital assets as securities. This is a major development as it provides a regulated market for big investors to trade crypto securities. In its quarterly report, OTC Markets mentioned that the update to its...

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Coinbase CEO Brian Armstrong Backs NFT ‘Stand with Crypto’ Campaign

Coinbase emphasized that all proceedings related to Stand with Crypto NFT collection launched through ZORA will be donated to vetted organizations. The biggest cryptocurrency exchange in the United States Coinbase has recently filed a lawsuit against top financial regulators Securities and Exchange Commission (SEC). The move comes after months of embittered relations between the two parties over SEC’s stringent regulatory policies for all companies dealing with crypto. As the crypto...

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SEC to Organize Investor Education Events to Create Financial Literacy

US government agencies have been actively encouraging similar ideas associated with financial literacy since 2003 when April was formally appointed the National Financial Capability Month. The United States Securities and Exchange Commission (SEC) has revealed a series of education events focussing on underrepresented communities and others- but indicated that competitors should be educated to practice caution while using crypto. In an April 3rd announcement, the SEC disclosed that it...

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TSLA Stock 10% Down, Top Tesla Investor Says Tesla Achieves More after Leadership Shuffle

James Anderson, a major investor in Tesla Inc. said the company is better run after independent directors were appointed to supervise Elon Musk. But today TSLA stock is in red.Today Tesla Inc (NASDAQ: TSLA) stock is down more than 10%. At the moment of writing, it is trading at $631.27.James Anderson, head of global equities for Baillie Gifford, one of Tesla Inc’s biggest institutional investor, said TSLA stock is now considered a “better run”. The company had its legal problems after it...

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