SEC
SEC typically refers to U.S. Securities and Exchange Commission which "protects investors in the $3.8 trillion municipal securities markets that cities and towns rely on to provide neighborhood schools, local libraries and hospitals, public parks, safe drinking water and so much more". But it can also refer to the security and exchange regulation bodies of other countries.
Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury
erraform Labs and Do Kwon face a guilty verdict for defrauding investors in a landmark case, highlighting the need for regulatory compliance in the crypto market.
NYSE Arca Files Proposed Rule Change for Bitwise Ethereum ETF Listing
NYSE Arca proposes rule change for Bitwise Ethereum ETF listing and trading under Rule 8.201-E, allowing exposure to ether value and establishing Net Asset Value.
US Business Giants Bet Big on Generative AI Despite Data Security Concerns
Nearly all US companies with revenues over $1B are set to invest in generative AI, eyeing major ROI while weighing risks like data security and workforce readiness.
Tron Foundation Contests SEC Lawsuit Over Jurisdictional Overreach
Tron Foundation moves to dismiss an SEC lawsuit, claiming the U.S. regulator oversteps its authority by targeting foreign digital asset offerings.
Consensys Urges SEC to Recognize Ethereum's Advanced Safeguards in Comment Letter on ETH ETF Approval
Consensys has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) advocating for the approval of Ethereum-based exchange-traded funds (ETFs). I
CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives
CFTC Commissioner Caroline D. Pham criticizes the latest enforcement action for potentially overstepping into SEC’s territory and undermining investor protection laws
Fantom (FTM) Foundation CEO Reveals Exciting Plans for Sonic's Launch and Future Development
Michael Kong, CEO of Fantom Foundation, has unveiled the highly anticipated launch of Sonic, a groundbreaking blockchain technology that promises unparalleled scalability and security. With plans to create a shared sequencer for L1 and L2 chains and introduce simplified staking and liquid staking support, the Fantom team is poised to revolutionize the world of blockchain. Stay tuned for more exciting updates and partnerships in the coming weeks.
KuCoin and Founders Charged with Bank Secrecy Act and Money Transmission Offenses
KuCoin, along with its founders Chun Gan and Ke Tang, has been charged with violating the Bank Secrecy Act and operating an unlicensed money transmission business, allegedly allowing its platform to be used for money laundering and terrorist financing.
SEC Brands Terraform Labs a "House of Cards" as Civil Trial Commences
SEC accuses Terraform Labs of constructing a fraudulent empire, with the civil trial beginning over a year after the lawsuit was filed.
SEC Postpones Ethereum ETF Decision Amid Regulatory Scrutiny
The SEC has delayed its verdict on Hashdex and Ark 21Shares' spot Ethereum ETF applications until May 2024, signaling a cautious approach to crypto ETFs.