Tag: SEC

SEC acting chair voted against suing Elon Musk over Twitter stock disclosure

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The acting chair of the United States Securities and Exchange Commission has reportedly voted against the agency suing Elon Musk over the billionaire’s alleged securities violations concerning the disclosure of Twitter stocks.  Citing anonymous sources, Reuters reported on March 24 that the SEC’s five commissioners conducted a vote on whether to sue Musk or not before the agency filed its lawsuit against the billionaire.  Four commissioners voted in favor, while the lone dissent came from Mark Uyeda, who was appointed acting chair by US President Donald Trump on Jan. 20.…

Acting SEC Chair Rejects Enforcement—Demands Real Crypto Rules

The acting SEC chair urged rulemaking over enforcement to clarify crypto regulations and avoid courtroom confusion. Acting SEC Chair Urges Crypto Reset—Classification Shouldn’t Be Courtroom Chaos Acting U.S. Securities and Exchange Commission (SEC) Chairman Mark T. Uyeda led the inaugural session of the agency’s Crypto Task Force roundtable on March 21 in Washington D.C. He […] Source CryptoX Portal

Sparks Fly at First-Ever SEC Crypto Roundtable

Crypto skeptics and advocates went head-to-head in a legal debate that sought to determine the SEC’s role in crypto regulation. First-Ever SEC Crypto Roundtable Ignites Passionate Discussions on Regulation The U.S. Securities and Exchange Commission (SEC) hosted its first-ever crypto roundtable on Friday, pitting critics and proponents of digital assets in a sometimes-contentious debate focused […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ripple Effect: Surging XRP ETF Optimism Follows SEC Legal Retreat

A Polymarket wager amassing $54,666 in trading volume suggests an 87% likelihood that a spot XRP exchange-traded fund (ETF) will secure regulatory approval by 2025. XRP ETF Mania Hits 87% Confidence: Polymarket Traders Bet Big on 2025 Approval In January 2024, the U.S. Securities and Exchange Commission (SEC) cleared the way for multiple spot bitcoin […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Fidelity Seeks SEC Approval for Ethereum-Integrated US Treasury Money Market Fund Hosted 

Fidelity Investments has filed with the U.S. Securities and Exchange Commission (SEC) to launch the Fidelity Treasury Digital Fund, an institutional-focused money market fund that will use blockchain technology to record share ownership while investing primarily in U.S. Treasury securities. Fidelity’s Proposed Fund Uses Ethereum Blockchain for Secondary Share Recording The fund, detailed in a […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Time for XRP to hit new highs after SEC case over? IntelMarkets could rattle the market

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP prices may surge as Ripple’s legal battle ends, sparking optimism, while a new presale raises $11.7m. XRP prices were rangebound for years due to the Ripple vs. SEC legal case. However, the CEO of Ripple Labs, Brad Garlinghouse just announced that the case is officially over. With this positive news for XRP holders, speculations are starting to build as some anticipate XRP prices to reach new highs. Amid…

Will new US SEC rules bring crypto companies onshore?

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Once, long ago, cryptocurrency companies operated comfortably in the US. In that quaint, bygone era, they would often conduct funding events called “initial coin offerings,” and then use those raised funds to try to do things in the real and blockchain world. Now, they largely do this “offshore” through foreign entities while geofencing the United States. The effect of this change has been dramatic: Practically all major cryptocurrency issuers started in the US now include some off-shore foundation arm. These entities create significant domestic challenges. They are expensive, difficult to…

The SEC Resets Its Crypto Relationship

The U.S. Securities and Exchange Commission is looking to reset its relationship with the crypto industry, even before a permanent chair is confirmed by Congress. The latest effort was Friday’s roundtable, hosted at the SEC’s headquarters in Washington, D.C. and featuring a dozen attorneys representing different views and positions within the crypto industry. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The SEC’s reset began when Acting Chair Mark Uyeda launched a…

SEC roundtable could ‘change the outlook’ for Ethereum ETFs

The U.S. Securities and Exchange Commission is holding its first crypto regulation roundtable, focusing on defining the security status of crypto assets. The event marks the beginning of a series of discussions by the SEC’s newly formed crypto task force, which could have significant implications for the broader cryptocurrency market. Defining crypto assets as securities According to CNBC’s Tanaya Macheel, the SEC’s efforts aim to provide clearer guidelines on whether certain crypto assets should be classified as securities, an issue that has created tension between the SEC and the crypto…

John Reed Stark opposes regulatory reform at SEC crypto roundtable

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John Reed Stark, the former director of the Office of Internet Enforcement at the United States Securities and Exchange Commission (SEC), pushed back against the idea of regulatory reform at the first SEC crypto roundtable. The former regulator said the Securities Act of 1933 and 1934 should not be changed to accommodate digital assets and urged that digital assets do not escape the definition of securities under the current laws. The first-ever SEC crypto roundtable. Source: SEC “The people buying crypto are not collectors. We all know that they are…