SEC Sues two Crypto Firms for Misleading Investors
SEC alleges that the defendants raised $4.3 million by offering and selling securities to four investors using “false and misleading statements.”
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Latest firstThai SEC Prohibits Crypto Firms From Providing Staking and Lending Services
Key Takeaways: The Thai Securities and Exchange Commission has placed a restriction on crypto staking or lending services. Previously, the Southeast Asian exchange Zipmex encountered difficulties as a result of its loan to Babel. The Securities and Exchange Commission’s (SEC)…
SEC Delays VanEck’s Spot Bitcoin ETF Application Decision by 45 Days
Key Takeaways SEC will delay its decision on a proposed rule change to list VanEck’s spot Bitcoin ETF till October 11, 2022. SEC rejected VanEck’s proposal for a spot Bitcoin ETF, citing investor protection. Leading Global investment manager VanEck is…
The SEC opposes Ripple’s Motion to Unseal Experts’ Docs
Key Takeaways The Securities Exchange Commission and cryptocurrency payment company Ripple are at odds once again, with Ripple accusing the SEC of taking an “extreme approach” by attempting to stifle expert testimony. The motion would shield crucial material from public…
Grayscale Investments Lawsuit against the SEC surfaces again
Key Takeaways In response to the Securities and Exchange Commission (SEC) rejecting its request to convert its Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin exchange-traded fund, Grayscale Investments has filed a lawsuit against the SEC (ETF). In response to…
SEC Chair alerts of ‘Too Good to Be True’ Crypto Products
Key Takeaways The United States Securities and Exchange Commission, or SEC, chief, Gary Gensler, renewed his plea for investor protection in securities offered by crypto businesses. Gensler warned individuals about potentially “too good to be true” investment returns. According to…
SEC Seeks Delay in Crypto Conflicts Case
Key Takeaways: The SEC-Ripple dispute is now about the agency’s image and reputation, as well as business and profits for the corporation. The US Securities and Exchange Commission has filed a joint report with the Virginia Eastern District to postpone…
The SEC vs. Ripple: Battle Continues!
Key Takeaways: Judge Sarah Netburn was informed that the SEC intends to appeal the court’s recent deliberative process privilege ruling, requesting additional time. The agency has noted that the defendants are willing to move to summary judgment in the absence…
Former SEC Chair Clayton Slapped With Lawsuit Over Ripple
Key Takeaways: A class-action lawsuit has been filed against former Securities and Exchange Commission Chairman Jay Clayton and executive Bill Hinman. In a significant development, Clayton and Hinman are accused of plotting to destroy Ripple. A class-action lawsuit has been…
SEC Rejects Spot Bitcoin ETF Application From Ark 21Shares
Key Takeaways: After Grayscale, the SEC has rejected the spot Bitcoin ETF application from Ark 21Shares. The regulator has cited an issue in investor protections. The crypto market is highly volatile and subject to high risk. Therefore, The U.S. Securities…