Tag: SEC

SEC Settles With Trading App eToro on Unregistered Broker Charges As Exchange Ceases Most Crypto Trading

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The top U.S. securities regulator has reached a settlement with the trading app eToro severely limiting the platform’s crypto trading abilities. According to the U.S. Securities and Exchange Commission (SEC), eToro has agreed to pay $1.5 million in penalties and limit its crypto trading options to Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH) without admitting to or denying charges of operating as an unregistered crypto broker and clearing agency since 2020. The SEC contends that eToro allowed customers to trade cryptos as securities on the app without following the…

EToro Settles With the SEC: Industry Lawyers React

Etoro, which is based in Israel, is not a big player in the U.S. crypto market. It has only 240,000 customer accounts compared to Coinbase’s 100 million. But the SEC agreement is significant for the clues it offers about how the regulator views the key legal question of which digital assets are not securities, and therefore outside its supervision, lawyers contacted by CoinDesk said. Source

EToro Reaches Settlement With SEC, Will Limit Trading to Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH)

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Second U.S. Firm tZero Said to Become Crypto Broker Dealer Under SEC Oversight

The company – backed by Overstock and New York Stock Exchange parent Intercontinental Exchange (ICE) – said that as soon as early next year, it’ll start opening services for assets including private securities, securitized real estate, art and sports assets. It’ll start with the “full digitization of tZERO’s Series-A preferred equity security,” TZROP, the company said. Source

SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative Investments

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The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory oversight. SEC Warns Investors About Risks in Bitcoin and Ether ETPs The U.S. […] Original

SEC crypto fines spiked 3,018% in one year

The SEC’s aggressive digital asset enforcement actions have netted billions in settlements, the bulk of which occurred this year. Since the U.S. Securities and Exchange Commission extended its oversight to the nascent crypto industry in 2013, civil penalties levied against crypto firms have totaled over $7.42 billion, according to a Social Capital Markets study shared with crypto.news on Sept. 9. Notably, 68% of the SEC’s lifetime penalties, worth $4.68 billion, were issued to crypto businesses in 2024 as the agency intensified its Web3 crackdown. The SEC and Do Kwon’s Terraform…

Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations

The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process. SEC Charges Galois Capital According to the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Crypto Firm Galois Capital Faces $200K Fine From US SEC For ‘Investor Violations’

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…