Tag sec
Nigeria’s SEC Aims to Increase Crypto Exchange Registration Capital Requirement
Key Takeaways Nigeria’s Securities and Exchange Commission (SEC) is proposing significant amendments to crypto regulations, aiming to raise registration fees for crypto exchanges substantially. The proposed increase would see the registration fee spike from 30 million naira ($18,620) to 150…
US SEC Cracks Down on CryptoFX for Running $300M Ponzi Scheme
SEC Charges 17 Individuals in $300M CryptoFX Ponzi Scheme
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has taken legal action against 17 individuals allegedly involved in a $300 million Ponzi scheme. This scheme targeted primarily Latino investors across the U.S. and two other countries. Operating out of…
Thailand SEC Allows Accredited Investors Access to US Spot Bitcoin ETFs
SEC Extends Decision Timeline for Spot Bitcoin ETF Options Trading
Key Takeaways The US Securities and Exchange Commission (SEC) has extended the timeline for its decision on approving the trading of options on exchange-traded funds (ETFs) directly investing in Bitcoin. This extension comes as the regulatory body deferred a filing…
Coinbase Asks Court to Reject Use of Default Judgment Ruling in SEC Lawsuit
Key Takeaways Coinbase’s legal battle with the U.S. Securities and Exchange Commission (SEC) has taken another turn as the cryptocurrency exchange challenges a previous judgment that classified secondary sales of crypto assets as “securities transactions.” Lawyers representing Coinbase have urged…
Terra Founder Do Kwon Triumphs in Appeal Against US Extradition
State Attorneys General Challenge SEC’s Lawsuit Against Kraken
Key Takeaways A group of state attorneys general has challenged the U.S. Securities and Exchange Commission (SEC) over its lawsuit against crypto exchange Kraken, contending that the SEC overstepped its jurisdiction. The state AGs argued that the SEC’s legal action…
US House Committee Votes to Scrap SEC’s Crypto Custody Bulletin
Key Takeaways The U.S. House Financial Services Committee took a significant step by voting in favor of a resolution aimed at scrapping the Securities and Exchange Commission’s Staff Accounting Bulletin 121 (SAB 121). This resolution, known as H.J. Res. 109,…