Tag: SEC

SEC hacker sentenced to 14 months in prison

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A federal judge sentenced Eric Council Jr., who participated in posting a fake announcement on the US Securities and Exchange Commission’s X account saying it would approve spot Bitcoin (BTC) ETFs, to 14 months in prison. Following a May 16 hearing in the US District Court for the District of Columbia, the Justice Department announced that Council would serve 14 months in prison after pleading guilty to one count of conspiracy to commit aggravated identity theft and access device fraud. “Schemes of this nature threaten the health and integrity of…

Ripple Confirms XRP Victory Stands as SEC Deal Collapses in Court

XRP’s regulatory clarity remains rock-solid as Ripple’s legal chief confirms its non-security status is untouched, even after a court setback stalls a proposed SEC deal. Ripple Legal Chief Defuses Panic After Court Rejects SEC Deal Over XRP Ripple’s chief legal officer, Stuart Alderoty, addressed the crypto community on Thursday following a court ruling that denied […] Source CryptoX Portal

SEC Pauses Solana ETF — Will XRP, DOGE ETFs Follow in June?

Key Notes Spot Solana ETFs are anticipated to drive institutional adoption and liquidity, much like Bitcoin ETFs did. Analysts are optimistic about approval by year-end, with Polymarket estimating an 82% chance. The SEC is set to rule on Grayscale’s Polkadot ETF, 21Shares’ Polkadot ETFand both Franklin Templeton’s XRP ETF and Bitwise’s Dogecoin ETF by June. On Tuesday, May 13, the U.S. Securities and Exchange Commission (SEC) announced its decision to delay the spot Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B ETF proposed by…

SEC hacker once Googled ‘if I am being investigated by the FBI’

Eric Council Jr., the SIM swap hacker who helped compromise the Securities and Exchange Commission’s X account last year, made $50,000 performing similar attacks and even searched how to tell if the FBI is investigating him, recent filings show. The recent filing was part of the prosecutor’s request to sentence him to two years in prison over his role in the hack, which saw the SEC X account publish a false announcement that a spot Bitcoin exchange-traded fund was approved, shaking up the markets.  Council searched: “How can I know…

ZKsync X hacker posts false SEC probe in apparent effort to crash token

The X account of the Ethereum layer 2 network ZKsync and its developer Matter Labs were compromised early on May 13, with hackers falsely claiming the network was being probed by US authorities, among other scam messages. A ZKsync-related X account posted on May 13, confirming the accounts for ZKsync and Matter Labs were compromised, warning users not to interact after the accounts shared links to a fake airdrop in an apparent phishing scam. Other X users had warned the ZKsync X account was compromised. Source: pseudo The hacked ZKsync…

SEC Chair Pushes Clear Crypto Rules for Trading, Custody, and Issuance

The SEC is unleashing a new crypto era, vowing to ditch regulation-by-enforcement in favor of bold, crystal-clear rules that supercharge onchain innovation and market growth. SEC Chair Commits to Ending Policy by Enforcement With Clear Onchain Crypto Regulations U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins detailed his ambitious agenda for crypto asset […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Can XRP 50x? Whale Buys Big Amid SEC Settlement Hopes

Key Notes Whale accumulation of over 880 million XRP in the past month highlights heightened investor interest, setting the stage for a potential rally. If history repeats, XRP could rise above the 2.618 Fibonacci level, potentially exceeding $123. The SEC and Ripple Labs are moving toward resolving their long-standing legal battle, with the SEC requesting to lift an injunction. Following the US Securities and Exchange Commission (SEC) filing a settlement agreement, XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B price has surged 10%, moving…

SEC Officially Files Settlement Agreement With Ripple Over XRP—Lawyer Outlines Next Court Moves

The SEC has finally filed its long-awaited settlement agreement with Ripple, signaling a pivotal moment that could unleash XRP’s momentum and reshape crypto regulation forever. SEC and Ripple File Final Settlement in XRP Case—Now All Eyes on Judge Torres The U.S. Securities and Exchange Commission (SEC) published a Litigation Release on May 8 announcing a […] Source CryptoX Portal

SEC considers easing rules around tokenized securities

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The US Securities and Exchange Commission (SEC) is considering rule changes to let companies more freely issue tokenized securities, SEC Commissioner Hester Peirce said in a speech published on May 8. The regulator is “considering a potential exemptive order” for firms using blockchain technology to “issue, trade, and settle securities” that would release them from certain registration requirements, Peirce said in the speech. For example, decentralized exchanges (DEXs) may no longer need to register “as a broker-dealer, clearing agency, or an exchange,” Peirce said. The SEC has previously brought numerous…