Tag: SEC

Crypto Exchange Gemini Discussing Resolution of $900,000,000 Lawsuit With SEC

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The crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss may soon witness the end of its legal dispute with the U.S. Securities and Exchange Commission (SEC) over its now-defunct cryptocurrency asset lending program. In January 2023, the securities regulator filed a lawsuit claiming that Gemini and cryptocurrency lender Genesis Global Capital violated securities laws through the Gemini Earn program, which allowed participants to lend their crypto assets to earn interest payments. The SEC filed the suit shortly after Genesis halted withdrawals in November 2022 with approximately $900 million…

Trump Nominee Paul Atkins Clears Senate Panel for U.S. Securities and Exchange Commission (SEC) Chair: Report

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Paul Atkins, Donald Trump’s nominee for chair of the U.S. Securities and Exchange Commission (SEC), advanced through the Senate Banking Committee on Thursday. According to a Reuters report, the committee approved Atkins in a 13-11 vote, with all Democrats opposing the nomination. Atkins, a former SEC commissioner, is known for his deregulatory stance and ties to the cryptocurrency industry. The nomination now moves to the Senate floor for final confirmation. If confirmed, Atkins will succeed Acting Chair Mark Uyeda, who has led the SEC since January. Atkins has pledged to…

U.S. SEC Nominee Atkins Gets Confirmation Nod from Senate Banking Committee

The U.S. Senate Banking Committee has voted to advance the confirmations of President Donald Trump’s picks to run the Securities and Exchange Commission and the Office of the Comptroller of the Currency — both key positions for the future U.S. regulation of the crypto sector. The nominations of Paul Atkins to permanently take over the SEC from former Chair Gary Gensler and of Jonathan Gould to lead the banking regulator OCC now move to consideration by the overall Senate. Approvals there will allow Atkins and Gould to start work at…

US lawmakers press SEC for info about Trump family-backed crypto firm

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Two Democratic lawmakers in the US Senate and House of Representatives have called on acting Securities and Exchange Commission (SEC) Chair Mark Uyeda to preserve information regarding World Liberty Financial, the crypto firm backed by President Donald Trump’s family. In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters — ranking members of the Senate Banking Committee and House Financial Services Committee, respectively — asked Uyeda to provide information to Congress based on Trump’s ties to World Liberty Financial (WLFI). The two lawmakers suggested the SEC may be…

US Treasury to Reveal Crypto Holdings as SEC and Gemini Shake Hands

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A seismic shift is happening in the U.S. cryptocurrency landscape, with two major developments poised to reshape market dynamics. The U.S. Treasury Department will unveil its substantial cryptocurrency holdings…

SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The US Securities and Exchange Commission and crypto exchange Gemini have asked to pause the regulator’s suit over the exchange’s Gemini Earn program, saying they want to discuss a potential resolution.  In an April 1 letter to New York federal court judge Edgardo Ramos, lawyers representing the SEC and Genesis requested a 60-day hold on the case and that all deadlines be pulled “to allow the parties to explore a potential resolution.”  “In this case, the parties submit that it is in each of their interests to stay this matter…

SEC Nigeria to Regulate Virtual Asset Service Providers Under New Law

Nigeria has taken a significant step towards regulating cryptocurrencies with the signing of the Nigerian Investments and Securities Act (ISA) 2025 into law. Cryptocurrency Officially Recognized As Asset Class The Nigerian Investments and Securities Act (ISA) 2025, recently signed into law by President Bola Ahmed Tinubu, has effectively ended the uncertainty surrounding the status of […] Source BitcoincryptoexchangeExchanges CryptoX Portal

‘Dire consequences’ if Musk accesses SEC — US lawmaker

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The top Democrat on the US House Financial Services Committee issued a warning after reports suggested that Tesla CEO Elon Musk’s “government efficiency” team would be given access to data and systems at the Securities and Exchange Commission (SEC). In a March 31 notice, Representative Maxine Waters reiterated a warning from a letter she sent to acting SEC Chair Mark Uyeda in February in response to the Musk-led Department of Government Efficiency’s reported access to sensitive SEC information. DOGE is an advisory body to US President Donald Trump rather than…

SEC Commissioner Calls for 7 Crypto Reforms That Corner Congress With Urgency

SEC commissioner laid out a bold seven-point plan urging Congress to slash red tape, empower existing agencies, and protect peer-to-peer crypto from regulatory overreach. SEC Commissioner Pressures Congress With 7-Point Crypto Framework for Fast Reform U.S. Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce called on Congress to streamline cryptocurrency oversight and reduce regulatory […] Source CryptoX Portal