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.
Ripple CEO Foresees Prolonged SEC Appeal Process Following Favorable XRP Ruling
Ripple CEO foresees long SEC appeal after XRP ruling. Case highlights the need for clear crypto regulation in the U.S.
Binance Plans 1,500 to 3,000 Layoffs due to DOJ Probe, Reported CNBC
The biggest crypto exchange Binance is reportedly planning to layoff between 1,500 and 3,000 employees by the end of the year, according to an anonymous source cited by CNBC on July 14, 2023. This move is seen as a response to an ongoing probe by the U.S. Department of Justice and SEC.
Congressman Torres Calls for Investigation into SEC's Approach to Crypto Licensing
The U.S. Securities Exchange Commission (SEC) has been the subject of two separate, independent investigations at the request of Representative Ritchie Torres (D-NY) over its handling of digital assets.
Court Ruling Sparks Surge in Ripple's XRP Price and Market Cap
Ripple Labs achieved a partial victory in its case with the U.S. Securities and Exchange Commission (SEC) on July 13, 2023.
NEAR Protocol's Q2 Market Cap Holds at $1.25 Billion, Experiences 25% QoQ Decline
According to Mesari, NEAR Protocol, a leading smart contract platform, demonstrated resilience and growth in Q2 2023, despite being listed in the SEC's complaint against Coinbase. The platform's financial and network fundamentals remained stable, with strategic partnerships and grassroots initiatives driving user adoption.
Solana SOL Maintains $7.2 Billion Market Cap Despite SEC's Security Claim in Q2 2023
Solana, the high-performance, open-source blockchain, faced a challenging Q2 2023, marked by regulatory hurdles and a decline in its market cap and revenue. However, the network also saw a surge in fee-payer activity and an increase in non-vote transactions, indicating continued user engagement and network utility.
South Korea's FSC to Submit Two Crypto-Related Acts to National Assembly
According to Newsis on July 13, the People's Power Party and the Financial Services Commission of South Korea are planning to submit amendments to the Electronic Securities Act and the Capital Market Act to the National Assembly within this month.
European Securities and Markets Authority Calls for Input on New EU Crypto Rules
The European Securities and Markets Authority (ESMA), the EU's financial markets regulator, has initiated its first consultation package under the Markets in Crypto-Assets Regulation (MiCA). The authority is seeking stakeholder comments until September 20, 2023, marking a significant step towards establishing concrete rules for crypto markets in the EU.
Polkadot Q2 2023: OpenGov and XCM V3 Launch, SEC Clearance for DOT
According to Messari, Polkadot, a blockchain network designed to support interconnected, application-specific Layer-1 chain, has made significant progress in Q2 2023.
Coinbase's Legal Chief Fires on SEC's Crypto Regulation Approach
On July 8, Paul Grewal, the chief legal officer of Coinbase, tweeted a number of times about his displeasure with the Securities and Exchange Commission's (SEC) approach to cryptocurrency regulation.