Tag: SEC

CRO jumps 15% after SEC closes investigation on Crypto.com, is more upside coming?

CRO rallied as high as 17% after the US SEC formally concluded its investigation into Crypto.com. However, most of these gains were quickly erased amid broader market uncertainty. According to crypto.news data, Cronos (CRO) jumped from $0.097 to as high as $0.114 on Mar. 28 before cooling off to around $0.1064 later in the day during Asian trading hours. Its market cap hit $2.94 billion, and daily trading volume spiked by 71%, with about $138 million worth of CRO changing hands. CRO got a boost as the community turned bullish…

Elon Musk’s ‘government efficiency’ team turns its sights to SEC: Report

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The Department of Government Efficiency team — or DOGE, which is not an official US government department — led by Tesla CEO Elon Musk is reportedly moving into the Securities and Exchange Commission (SEC). According to a March 28 Reuters report, Musk’s DOGE team contacted the SEC and was told it would be given access to the commission’s systems and data. The agency reportedly planned to establish a liaison team to work with the “efficiency” team, whose intentions were not immediately clear. “Our intent will be to partner with the…

SEC Drops Crypto.com Probe With No Action in Major Win for Global Exchange Compliance

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The SEC has dropped its probe into Crypto.com without charges, as the company blasted past crackdowns and vowed aggressive global expansion backed by sweeping regulatory approval. Crypto.com Prevails in SEC Investigation, Vows Continued Regulatory Leadership Crypto.com announced on March 27 that the U.S. Securities and Exchange Commission (SEC) has formally ended its investigation into the […] Source

Crypto.com probe by the SEC has officially closed, says CEO

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The US Securities and Exchange Commission has officially closed its investigation into Crypto.com, with no action taken against the crypto exchange, according to the firm’s CEO, Kris Marszalek. ”They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond. It was a calculated attempt to put an end to the industry,” Marszalek said in a March 27 X post. ”The fact that we not only persevered but became stronger is a testament to our vision and the community supporting it. Onwards!” It comes…

SEC Just Dropped 4 New Crypto Roundtables—Public Invited to Shape Regulations

Regulators signal a seismic shift toward crypto clarity with four new SEC roundtables, fueling optimism as trading, custody, DeFi, and tokenization take center stage. Crypto Regulations Enter New Phase as SEC Unleashes 4 New Roundtables The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force revealed plans Tuesday to hold four additional public roundtables in […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Hester Peirce calls for SEC rulemaking to ‘bake in’ crypto regulation

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US Securities and Exchange Commissioner (SEC) Hester Peirce offered a few suggestions for longer-lasting changes in crypto regulation between administrations with potentially different views.   Speaking at the DC Blockchain Summit on March 26, Peirce, who heads the SEC’s crypto task force, said she expected that the commission could create more “durability” for digital asset regulations through rulemaking at the agency and legislation in Congress. Such rulemaking and laws would be in contrast to guidance issued by the agency, such as a recent statement suggesting that memecoins do not qualify as…

IMX surges 15% after Immutable says SEC ended probe

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The token tied to the crypto gaming giant Immutable surged 15% in the hours after it announced that the US Securities and Exchange Commission closed its investigation into the firm and would take no further action. The Immutable (IMX) token rose around 15% on March 25 to reach just under $0.74 shortly after the firm announced that the SEC shut its inquiry without any breach of violations, which Immutable said closed “the loop on the Wells notice issued by the SEC last year.”  IMX matched crypto market downtrend It is…

SEC plans 4 more crypto roundtables on trading, custody, tokenization, DeFi

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The US Securities and Exchange Commission will host four more crypto roundtables — focusing on crypto trading, custody, tokenization and decentralized finance (DeFi) — after hosting its first crypto roundtable on March 21. The series of roundtables, organized by the SEC’s Crypto Task Force, will kick off with a discussion on tailoring regulation for crypto trading on April 11, the SEC said in a March 25 statement. A roundtable on crypto custody will follow on April 25, with another to discuss tokenization and moving assets onchain on May 12. The…

SEC closes investigation into Immutable nearly 5 months after Wells notice

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Web3 gaming platform Immutable says the US Securities and Exchange Commission has closed its investigation into the company, clearing it of any further action.  Immutable — the firm behind the Ethereum layer-2 ImmutableX — said in a March 25 statement that the SEC shut its inquiry into the firm without finding wrongdoing and “closes the loop on the Wells notice issued by the SEC last year.” In November, Immutable said it received a Wells notice from the regulator — a letter informing that the SEC is considering an enforcement action,…

Ripple will drop cross-appeal in SEC case, get refund from lower court ruling

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Blockchain firm Ripple Labs’ case with the US Securities and Exchange Commission (SEC) may be officially wrapped up after more than four years, subject to court approval. According to a March 25 X post from chief legal officer Stuart Alderoty claiming what could be “the last update on SEC v. Ripple ever,” the executive said Ripple will drop its cross-appeal against the SEC in the US Court of Appeals for the Second Circuit. An August 2024 judgment from the US District Court for the Southern District of New York finding…