Tag: SEC

SEC Closes Investigation Into Crypto Exchange Gemini Without Recommending Enforcement Action: Cameron Winklevoss

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Gemini co-founder Cameron Winklevoss says that federal securities regulators have ended their probe into the US-based crypto exchange. According to Winklevoss, the U.S. Securities and Exchange Commission (SEC) has informed Gemini lawyer Jack Baughman that it has concluded its investigation and will not pursue an enforcement action against the platform. The SEC has already dropped its case against the crypto exchange Coinbase and is shutting down investigations into the non-fungible token (NFT) marketplace OpenSea, the retail trading app Robinhood and the decentralized cryptocurrency exchange (DEX) UniSwap. Winklevoss says these developments mark a milestone…

SEC pushed DeFi execs to ‘never work in crypto again,’ says crypto VC

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The US Securities and Exchange Commission, under former chair Gary Gensler, used settlements to pressure founders of decentralized finance platforms from ever working in the industry again, according to venture capital firm Founders Fund partner Joey Krug. “The thing people don’t really know about is that the government, in many cases, went to founders of DeFi protocols […] and basically told the founders you effectively have to do a settlement with us,” Krug said on stage at the ETHDenver conference on Feb. 27. “In many cases, they said you also…

SEC says memecoins aren’t securities, but fraud will still be policed

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The US Securities and Exchange Commission says it does not view memecoins as securities but warned any fraudulent tokens could still be subject to enforcement actions by other regulators. The agency’s Division of Corporation Finance said in a Feb. 27 statement that, in its view, memecoins “do not involve the offer and sale of securities under the federal securities laws” and “are akin to collectibles.” “As such, persons who participate in the offer and sale of meme coins do not need to register their transactions with the Commission,” the SEC…

SEC Affirms They Typically Do Not Qualify As Securities

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In a recent statement, the US Securities and Exchange Commission (SEC) provided insights into the classification of memecoins within the context of federal securities laws.  This move, a part of the SEC’s attempt to make clear how these regulations apply to different assets, could prove to be a significant victory for these altcoins and the exchange-traded funds (ETFs) that have been filed with the regulator. Memecoins Not Subject To Federal Securities Laws According to the SEC’s criteria, a memecoin is generally characterized as a type of cryptocurrency that draws inspiration…

SEC Drops Probe Into Gemini, Cameron Winklevoss Demands Recompense

The U.S. Securities and Exchange Commission (SEC) might be done with Gemini, but Gemini isn’t done with the SEC. According to a Wednesday X post from Gemini co-founder and President Cameron Winklevoss, the SEC informed Gemini on Monday that it was closing its investigation into the New York-based crypto exchange and would not be filing enforcement charges against it. But the anti-climactic resolution to the long-running investigation was unsatisfying to Winklevoss, who said in his X post that the SEC’s retreat “does little to make up for the damage this…

SEC Drops Uniswap Investigation Amid Shift to Crypto-Friendly Regulation

The U.S. Securities and Exchange Commission (SEC) closed its investigation into Uniswap Labs on Feb. 25, 2025, ending a four-year probe without enforcement action, a move seen as part of a broader pivot toward crypto-friendly regulation under new leadership. Crypto Industry Sees Relief as SEC Drops Uniswap Labs Investigation The investigation, launched in 2021, centered […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Grayscale’s XRP ETF Under SEC Review—The Countdown Begins

The SEC’s review of Grayscale’s XRP ETF is officially underway, sparking speculation that a crypto-friendly shift could lead to a groundbreaking approval. SEC Begins Review of Grayscale’s XRP ETF Proposal The Federal Register officially published Grayscale’s XRP exchange-traded fund (ETF) proposal on Feb. 20, 2025, marking the beginning of the U.S. Securities and Exchange Commission’s […] Source BitcoincryptoexchangeExchanges CryptoX Portal

SEC’s Ripple Appeal Is Next to Fall, Former SEC Official Declares

The SEC’s crypto enforcement program is unraveling, with legal retreats and restructuring. A former SEC official predicts the Ripple appeal is next to be abandoned. SEC’s Ripple Fight Nears Collapse, Former SEC Official Signals the End The U.S. Securities and Exchange Commission (SEC) appears to be unraveling its crypto-enforcement program, with multiple legal retreats and […] Source BitcoincryptoexchangeExchanges CryptoX Portal

SEC Drops OpenSea Investigation Easing Pressure on NFT Market

The U.S. Securities and Exchange Commission (SEC) is closing its investigation into major non-fungible token marketplace OpenSea, the platform’s founder and CEO Devin Finzer said on social media. The regulator issued a Wells notice against OpenSea in August 2024, indicating it was planning on pursuing an enforcement action against it. The regulator alleged the platform may have been operating as an unregistered securities marketplace. The SEC’s move comes as the regulator is slated to vote on a deal negotiated with Coinbase to drop its lawsuit against the exchange, which is…

SEC Drops Enforcement Lawsuit Against Against Top US Crypto Exchange, ‘Righting a Major Wrong’: Coinbase

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The U.S. Securities and Exchange Commission (SEC) is dropping a lawsuit against the top US-based crypto exchange, according to a new Coinbase blog post. Coinbase says the SEC has agreed “in principle” to dismiss its case with Commissioner approval. According to Coinbase, the suit being dropped should be viewed as a “major win for the rule of law”. Coinbase says that it has always complied with the SEC since going public in 2021. However, according to the top US-based crypto exchange by trading volume, political changes at the top of…