The United States Securities Exchange Commission (SEC) has responded to Coinbase's request for clear cryptocurrency regulations in a formal court filing. In the court documents filed on May 15, 2023, the SEC acknowledged that the rulemaking process could take several years and emphasized that enforcement actions would continue in the ...
HSBC Securities (HSI) and Scotia Capital, the investment subsidiary of Scotiabank, have been fined by the United States Securities and Exchange Commission (SEC) for violating recordkeeping rules. According to the SEC, the managing directors and senior supervisors responsible for overseeing junior employees did not adhere to company policies and communicated ...
Marathon Digital has disclosed in its quarterly report published on May 10, 2023, that it received a second subpoena from the US Securities and Exchange Commission (SEC) regarding its data center located in Hardin, Montana. @SECGov has issued another subpoena to Marathon Digital. Marathon Digital is a US based #Bitcoin ...
Coinbase has requested changes to the U.S. Securities and Exchange Commission's (SEC) proposed regulation on registered investment advisers' (RIAs) responsibilities to hold client assets with qualified custodians. In a letter sent to the U.S. SEC on May 9, 2023, the exchange argued that the proposed rulemaking, Safeguarding Advisory Client Assets, ...
Cryptocurrency industry supporters have raised concerns about a proposed regulation by the U.S. Securities and Exchange Commission (SEC) that would tighten laws surrounding crypto custody. The Blockchain Association, an advocacy group, and Web3 venture capital firm Andreessen Horowitz (a16z) have both written letters to the regulator, arguing that the proposal ...
Coinbase has reassured its investors that it has no plans to move its operations elsewhere, despite the regulatory uncertainty and looming crackdown on the cryptocurrency market in the United States. In the company's first shareholder letter in 2023, CEO Brian Armstrong emphasized the importance of adhering to the rule of ...
Cooper Morgenthau, the former CFO of African Gold Acquisition Corp. (AGAC), has been sentenced to three years in prison by U.S. District Judge Paul A. Engelmayer for embezzling over $5 million from two separate special purpose acquisition companies (SPACs). The other affected SPAC is Strategic Metals Acquisition Corp, according to ...
The SEC's continuous crackdown on cryptocurrencies has drawn growing criticism, mainly targeted at its chairman, Gary Gensler. On April 21st, Paradigm, a venture capital firm focused on Web3, published a policy statement outlining its concerns with the SEC's registration process. Paradigm argued that Gensler's attempts to integrate crypto assets that ...
A video of Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), praising Algorand has resurfaced on Twitter following the SEC's declaration that ALGO, the Algorand blockchain's native token, is an unregistered security. A Video of Gary Gensler, Chair of U.S SEC Praising Algorand The video is ...
Bittrex, a US-based cryptocurrency exchange, may face legal action from the US Securities and Exchange Commission (SEC) for allegedly violating investor protection regulations, despite the exchange's plan to shut down its local operations. According to a Wall Street Journal report released on April 16, the SEC's enforcement division is leaning ...
