Tag: SEC

Another U.S. SEC Democrat to Drop Out, Leaving Republicans Running Agency by February

Commissioner Jaime Lizárraga is leaving January 17, he said in a Friday statement, which could give Republicans a head start on what could otherwise have been months of delay in redirecting the regulator’s policies — including on cryptocurrency. At this point, Caroline Crenshaw will be the sole Democrat on the five-member commission going into 2025, and her term has already expired, putting her into an extension that can last as long as about 18 months. Source

$99K Bitcoin Reacts To Gensler’s SEC Departure Announcement

boss

Este artículo también está disponible en español. Bitcoin (BTC) jumped beyond $99,000 on Thursday, setting a new milestone before easing slightly. The milestone comes on the heels of substantial political and market events that have increased investor trust in digital assets. Related Reading Rumors of Securities and Exchange Commission (SEC) Chair Gary Gensler’s departure, as well as Donald Trump’s prospective crypto-friendly policies, have fueled the crypto space’s excitement. Inspired by hope for a possible change in US financial policy, Bitcoin surged to $99,126 from a dismal beginning of the session.…

XRP, Cardano (ADA), Solana (SOL) Outperform Bitcoin (BTC) Price as SEC Chair Gary Gensler Sets Exit Date

boss

Bitcoin is inching closer to the $100,000 mark, though its momentum has slowed. It clinched another record on Thursday at $99,500, dipping below $99,000 heading into the U.S. open. BTC has risen 1% over the past 24 hours, while the broad-market CoinDesk 20 Index gained over 7%. Most alternative cryptocurrencies (altcoins) in the CD20 outperformed BTC, an early sign of capital rotation into smaller, riskier tokens as bitcoin’s pace stalls. The $100,000 price point poses a significant resistance level, where investors might take profits on their investments. Still, there’s a…

Solana ETF Prospects Brighten Amid Productive SEC Talks With Issuers

boss

Este artículo también está disponible en español. On Thursday, Fox reporter Eleanor Terret revealed that the US Securities and Exchange Commission (SEC) is actively engaging in discussions with several asset managers regarding the launch of the new spot Solana ETF market. The firms involved include VanEck, 21Shares, Canary Capital, and Bitwise, all seeking to introduce products tied to the Solana price. SEC Progresses On Solana ETF Talks According to sources familiar with the matter cited by Terret, discussions between SEC staff and issuers are currently “progressing.” The SEC is reportedly reviewing…

Crypto Foe and SEC Chair Gary Gensler Will Quit When Trump Takes Office

“In the last full fiscal year, according to the SEC’s Office of the Inspector General, 18 percent of the SEC’s tips, complaints, and referrals were crypto-related, despite the crypto markets comprising less than 1 percent of the U.S. capital markets,” the press release said. “Court after court agreed with the Commission’s actions to protect investors and rejected all arguments that the SEC cannot enforce the law when securities are being offered — whatever their form.” Source

Franklin Templeton crypto index ETF delayed by SEC

Franklin Templeton, one of the crypto exchange-traded fund (ETF) issuers, has expressed interest in releasing the crypto index ETF, but the authorities are now delaying it. The Securities and Exchange Commission (SEC) detained the deadline for approving the crypto index ETF by Franklin Templeton. According to the filing on Nov. 20, the authorities raised their concern about the sufficient time they needed to decide whether it would be accepted or declined. “The Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so…

SEC Distributes $4.6M to BitClave Investors

In 2020, under former SEC Chair Jay Clayton, the SEC sued BitClave alleging that the sale of its Consumer Activity Token (CAT) violated federal securities laws. BitClave settled the charges without admitting any wrongdoing, and agreed to forfeit the entirety of the money it raised in 2017, plus another $4 million in interest and penalties. It also agreed to destroy all uncirculated CAT and request that exchanges delist it as part of the settlement agreement. Source

SEC and DOJ Strike Crypto Firm With Millions in Penalties Over Corruption

A crypto mining firm faces a $14 million penalty after admitting to a $2.5 million bribery scheme to secure a Japanese casino contract, which ultimately failed. A Mining Empire’s Downfall: Bribery Scandal Leads to Global Fallout The U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) have taken major actions against […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ripple CEO Sounds Alarm on SEC Chair Selection Amid Warnings of Oversight Risks

Ripple’s CEO has warned against SEC Chair candidates tied to past enforcement controversies, urging leadership that fosters innovation and ends punitive crypto regulation. A Name Sparks Debate: Ripple CEO Slams SEC Chair Prospect Brad Garlinghouse, CEO of Ripple, has criticized the potential appointment of Caroline Stebbins as the next U.S. Securities and Exchange Commission (SEC) […] Source BitcoincryptoexchangeExchanges CryptoX Portal