Ad The US Securities and Exchange Commission (SEC) on March 23 issued a notice highlighting several reasons investors should be wary of investing in crypto assets securities. “Investments in crypto asset securities can be exceptionally volatile and speculative, and the platforms where investors buy, sell, borrow, or lend these securities may lack important protections for…
Brad Garlinghouse Brad Garlinghouse, CEO of fintech firm Ripple, which develops XRP financial products, previously led file-sharing site Hightail and served as President of Consumer Apps at AOL and SVP of Yahoo!’s Communications division. More about Brad Garlinghouse Info LinkedIn Twitter
Ad Crypto exchange Kraken has plans to launch its bank, The Blocks reported March 6. According to the report, the crypto firm continues its plans despite the recent regulatory issues plaguing the industry. Kraken’s chief legal officer Marco Santori said: “Kraken Bank is very much on track to launch, very soon. We’re going to have…
Ad Ripple’s chief legal officer Stuart Alderoty asked the U.S. SEC chairman Gary Gensler to recuse himself from voting on any enforcement case relating to cryptocurrencies because he has prejudged the issue. In a Feb. 28 tweet, Alderoty alluded that Gensler’s statement that “every cryptocurrency, except BTC, is an unregistered security” was evidence of his…
Ad Former NBA player Paul Pierce agreed to pay $1.409 million to the U.S. Securities and Exchange Commission (SEC) as penalties for his undisclosed promotion of the unregistered securities token EthereumMax (EMAX), according to a Feb. 17 statement. The SEC said the NBA star received over $244,000 worth of EMAX tokens to promote the tokens…
Ad The United States House Committee on Financial Service has requested documents related to charges filed against FTX founder Sam Bankman-Fried by the Securities and Exchange Commission (SEC). The lawmakers wrote that the timing of the SEC’s charges against SBF raises “serious questions about its process and cooperation” with the US Department of Justice (DoJ)….
Stablecoin issuer Circle blamed the U.S. Securities and Exchange Commission (SEC) for its failed public-listing plan, Financial Times reported on Jan. 25. The USDC issuer said the financial regulator failed to approve its S-4 registration before the expiration of its $9 billion special purpose acquisition company (SPAC) deal. The S-4 registration allows companies to offer…
U.S. lawmaker Tom Emmer said SEC chairman Gary Gensler is “protecting” no one with his “regulation through enforcement” strategy. Instead, Emmer believes that the policy hurts “everyday Americans.” Emmer added: “When can we expect proactive guidance instead of leaving the industry to interpret the rules of the road through your after-the-fact enforcement actions?” The lawmaker…
SEC Chairman Gary Gensler addressed the ongoing market crisis caused by the FTX fallout during an interview on CNBC’s Squawk Box. Gensler, who has been pushing for increased regulation and targeting various crypto companies for fraud in the U.S., said the space needed better regulation and better enforcement. He explained that U.S. laws are clear…
A U.S. court has ruled in favor of the Securities and Exchange Commission (SEC) in its case against LBRY, as it ruled that the blockchain network offered its LBC token to investors as a security. We lost. Sorry everyone. — LBRY 🚀 (@LBRYcom) November 7, 2022 According to the Nov. 7 judgment, Judge Paul J….