Tag: SEC

Ripple Could Receive $75M as Ripple, SEC File Join Motion to Release $125M Held in Escrow

Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

XRP Lawyer Expects Judge to Approve Joint Motion With SEC

Key Notes XRP lawyer Bill Morgan believes the motion, citing “exceptional circumstances,” is likely to be approved despite potential weaknesses. In contrast, attorney Fred Rispoli criticized the filing for lacking strategic depth, questioning its ability to sway Judge Torres. If the motion is denied, the settlement cannot proceed, and litigation, including appeals and cross-appeals, will continue, said Morgan. In the ongoing SEC vs Ripple lawsuit, both parties submitted a joint motion on June 12 for an injunction to validate the $125 million settlement agreement. The filing comes ahead of the…

Crypto Exchange Backed by Peter Thiel Confidentially Files for IPO With SEC: Report

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The crypto exchange backed by tech billionaire Peter Thiel has reportedly filed for a US initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). Citing two people familiar with the matter, the Financial Times reports that in recent weeks, Bullish has confidentially filed the paperwork to start offering its shares to the public. Confidential filings enable companies to pursue their listing plans sans immediately revealing their financials to minimize public scrutiny. Bullish also attempted to go public in 2021 through a special purpose acquisition vehicle, but the…

Solana-Linked $1 Billion DeFi Dream Crushed By SEC Intervention

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DeFi Development Corp. hit a major roadblock this week when the US Securities and Exchange Commission blocked its $1 billion registration filing. The move came after regulators found that the company’s Form S-3 lacked a key internal controls report tied to its 10-K. As a result, DeFi Development—formerly known as Janover—pulled the filing and said it will fix the paperwork before trying again. Missing Controls Report According to the SEC, the registration was ineligible because it did not include the required internal controls over financial reporting. That report is a…

SEC Commissioner Rejects DeFi Overreach, Defends Core US Principles

Decentralized finance took center stage in Washington as the SEC’s latest policy roundtable spotlighted code-driven innovation, individual empowerment, and freedom from centralized financial control. DeFi Embodies US Values, SEC Commissioner Argues Amid Regulatory Debate U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce addressed the audience on June 9 during the final session of the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

SEC may approve Solana ETF in coming weeks: report

The U.S. Securities and Exchange Commission may approve a spot Solana exchange-traded fund within the next few months, according to multiple sources cited by Blockworks.  The SEC has reportedly asked prospective Solana (SOL) ETF issuers to submit amended S-1 registration statements by next week. One source suggested an approval could arrive within three to five weeks. Two sources told Blockworks the agency will provide comments on the updated filings within 30 days. The changes focus on two key areas: how issuers plan to handle in-kind redemptions and whether staking will…

SEC Chair Champions Self-Custody Rights—New Exemption Could Fuel Crypto Boom

SEC Chair Paul Atkins’ push for greater self-custody rights and regulatory clarity could unleash massive growth in crypto and DeFi, empowering users and fueling innovation across the sector. Bullish Signals: SEC’s Self-Custody and Exemption Proposal Could Spark DeFi Frenzy U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins addressed the Crypto Task Force Roundtable on […] Source CryptoX Portal

US SEC Considering Innovation Exemption For DeFi

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The US securities regulator is working on an “innovation exemption” to stoke the creation of more onchain products and services, according to Securities and Exchange Commission chair Paul Atkins. Atkins, a former crypto lobbyist, said during a Monday crypto roundtable led by the SEC’s crypto task force titled DeFi and the American Spirit that he has directed staff to consider a conditional exemption relief framework.  Exemptions could speed up innovation These temporary exemptions would relieve firms from specific regulatory requirements to foster innovation in emerging tech sectors, provided they meet…

SEC Chair Paul Atkins Says Self Custody Is A Foundation American Value

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US Securities and Exchange Commission (SEC) Chair Paul Atkins took aim at the previous administration’s crypto policies in the regulator’s latest roundtable event exploring digital asset regulation. In a Monday event led by the SEC’s crypto task force titled “DeFi and the American Spirit,” Atkins said the prior administration, suggesting the agency’s stance on digital assets under former chair Gary Gensler, took a heavy-handed approach through the courts. He added that the SEC’s policies on staking as a service provider needed congressional approval to have lasting authority, and touted self-custody…

Winklevoss Twins-Backed Crypto Exchange Gemini Confidentially Files for IPO With SEC

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A crypto exchange platform backed by the billionaire Winklevoss twins has submitted a confidential filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). In a press release, Gemini announces that it has sent a confidential draft registration statement to the regulatory agency related to the public offering of its stock. Though the price and number of the shares have yet to be determined, the firm says that it expects a listing “after the SEC completes its review process, subject to market and other conditions.”…