Tag: US SEC

The U.S. Securities and Exchange Commission (SEC) has formally withdrawn several proposed rules introduced during the Biden administration, including two major regulations targeting cryptocurrency custody and decentralized finance (DeFi) platforms. In a statement released on June 12, the agency announced it is rescinding 14 proposed rules issued between March 2022 ...

Republican Congressman William Timmons is pressing the U.S. Securities and Exchange Commission (SEC) for transparency over its evolving stance on Ethereum (ETH), calling on former commissioner Paul Atkins to provide internal documents related to how the agency has historically classified the digital asset. In a letter sent June 10, Timmons ...

The U.S. Securities and Exchange Commission (SEC) could begin approving a wave of cryptocurrency-linked exchange-traded funds (ETFs) as early as July, potentially ushering in what analysts are calling an “altcoin ETF summer.” According to Bloomberg senior ETF analyst Eric Balchunas, the regulatory body may greenlight ETFs that track broad-based crypto ...

The U.S. Securities and Exchange Commission (SEC) is set to revamp its approach to crypto regulation, moving away from enforcement-led tactics and instead prioritizing rulemaking through a public “notice and comment” process, according to SEC Chair Paul Atkins. Speaking before the Senate Appropriations Subcommittee on Financial Services on June 3, ...

Coinbase shares took a sharp hit in after-hours trading, sliding 7% to $244, following a one-two punch of troubling revelations: a cyberattack targeting customer data and a revived SEC investigation into its 2021 user metrics. Google Finance data showing Coinbase metrics. Source: Google Finance  The New York Times first broke ...

A senior U.S. Securities and Exchange Commission (SEC) official has criticized a proposed settlement between the agency and Ripple Labs, potentially marking the final chapter of a years-long legal dispute over the XRP token. On May 8, the SEC and Ripple jointly filed a settlement request in a New York ...

The U.S. House of Representatives has taken a monumental move towards regulating the cryptocurrency industry by passing the Financial Innovation and Technology for the 21st Century Act (FIT21).  The bill, which aims to grant more oversight and funding to the Commodity Futures Trading Commission (CFTC) over crypto spot markets and ...

Ripple has challenged the United States Securities and Exchange Commission's (SEC) request to impose a $2 billion fine on it, arguing that such a penalty is unjustified.  In a recent court filing, Ripple Labs opposed the SEC's bid to levy the hefty fine, urging the Court to reject the SEC's ...

The US Securities and Exchange Commission (SEC) issued a notice on Wednesday, March 13, instructing First Trust-SkyBridge to publicly announce its Bitcoin ETF application has been "abandoned". This move follows the SEC's rejection of their initial application in January 2022. Since then, neither party has taken any meaningful steps to ...

Cryptocurrency project DEBT Box has argued that the U.S. Securities and Exchange Commission's request to dismiss its existing case is an attempt to gain special treatment in federal courts against the legal entities it regulates.  In a court filing submitted to the Utah federal court, the crypto project requested that ...