A Republican Senator is introducing a new bill that would protect crypto exchange platforms from certain enforcement actions by the U.S. Securities and Exchange Commission (SEC). According to a recent press release, Bill Hagerty of Tennessee is pitching the Digital Clarity Act of 2022 as a means of shielding crypto exchanges from SEC overreach and providing regulatory clarity about how virtual assets are to be classified. Haggerty says that regulatory ambiguity is making investment and job creation difficult for crypto firms operating in the US, impeding the industryโs growth. As…
Tag: SEC
SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme โ Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. โAlthough this case involves crypto assets, it bears the hallmarks of a classic pump and dump scheme,โ said the SEC. SEC Charges 2 Firms in Crypto Pump-and-Dump Case The U.S. Securities and Exchange Commission (SEC) said Friday that it has filed charges against two firms and four individuals allegedly perpetrating a cryptocurrency pump-and-dump scheme. The two companies are Bermuda-based Arbitrade Ltd. and Canadian firm Cryptobontix Inc. The other…
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US senator bill seeks to cushion crypto exchanges from SEC enforcement actions
United States Senator Bill Hagerty, a member of the Senate Banking Committee, introduced legislation seeking a safe harbor for cryptocurrency exchanges from โcertainโ Securities and Exchange Commission (SEC) enforcement actions. The Digital Trading Clarity Act of 2022, introduced by Sen. Hagerty, aims to provide regulatory clarity around two primary concerns plaguing crypto exchange establishments โ (i) the classification of digital assets and (ii) related liabilities under existing securities laws. A bill to provide digital asset intermediaries with a safe harbor from certain enforcement actions by the Securities and Exchange Commission,…
A Recent SEC Filing Shows the World’s Largest Asset Manager Blackrock Plans to Launch a Metaverse ETF โ Metaverse Bitcoin News
According to a recent filing, Blackrock, the multi-national investment company based in New York City and the worldโs largest asset manager, has plans to create a new exchange-traded fund (ETF) based on metaverse companies. The fund โ dubbed the Ishares Future Metaverse Tech and Communications ETF โ will track metaverse firms with exposure to virtual reality, non-fungible tokens (NFTs), augmented reality, and game-centric finance (gamefi) applications. ETF Filing Shows Blackrock Plans to Launch a Metaverse Exchange-Traded Fund The worldโs largest asset manager by assets under management (AUM), Blackrock, has been…
SEC Accuses 2 Firms of Crypto Pump-and-Dump Scheme
The complaint alleges the two companies pumped the price of their cryptocurrency by falsely claiming they had acquired $10 billion in gold bullion to back it. Source
Judge orders SEC to turn Hinman documents over to Ripple Labs after months of dispute
Ripple Labs scored a victory in its continuing legal battle with the United States Securities and Exchange Commission (SEC) on Sept. 29 as U.S. District Court judge Analisa Torres ruled to release the documents written by former SEC corporation finance division director William Hinman. The documents predominantly relate to a speech Hinman delivered at the Yahoo Finance All Markets Summit in June 2018.ย Hinman stated in his speech that Ether (ETH) was not a security. Ripple Labs considers the speech a key piece of evidence the case the SEC has…
SEC DECLARES THEY OWN ALL OF ETHEREUM…
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Today let’s talk about the huge declaration by the SEC that they control Ethereum. How? Also lets take a look at Bitcoin and other Crypto news. ๐ชBuy Bitcoin & Crypto with IRA/401k w/ItrustCapital ($100 Bonus) ๐ฅBuy & Trade Crypto w/o KYC on MEXC ($4100 Bonus) โ Earn Free Crypto on Every Trade over $10 + Portfolio Tracker: โ Trade 300+ Crypto on Kucoin ($500 Bonus): ๐ณGet a Bitcoin Reward Credit Card (1.5% Back in BTC): ๐Safeguard Your Bitcoin and Crypto w/ Ledger Wallet ๐จProtect…
Breaking Down the SEC and CFTCโs Autumn Wave of Enforcement Actions
Critics claim the regulatorsโ enforcement-first approach sets dangerous precedents in the absence of clear guidance for projects. Source
SEC alleges fintech and ‘market maker’ firms manipulated crypto market in token scheme
The United States Securities and Exchange Commission, or SEC, has announced charges against Hydrogen Technology Corporation and its market marker Moonwalkers Trading Limited related to allegedly perpetrating a scheme to manipulate the trading volume and price of Hydro tokens. In a Sept. 28 announcement, the SEC said former Hydrogen CEO Michael Ross Kane hired Moonwalkers and its CEO Tyler Ostern โto create the false appearance of robust market activityโ following the distribution of Hydro tokens through an airdrop, bounty programs and direct sales in 2018. Kane then had Moonwalkers sell…