Preview Mode
US SEC
Donald Trump In, Gary Gensler Out: SEC Boss to Leave Office on Inauguration Day
- Trump previously pledged to remove Gensler, whose leadership has been marked by stringent regulations for cryptocurrencies.
- SEC has praised Gensler for spearheading reforms, especially in the capital markets.
Thursday, 21/11/2024 | 18:40 GMT by
Jared Kirui
Who Replaces SEC Chairman Gary Gensler? Trump's Team Weighs Candidates
- “Traditionally, presidents decide who chairs the SEC,” Gensler indicated a possible departure.
- Former SEC officials Dan Gallagher, Paul Atkins, and Commissioner Mark Uyeda, all critics of current crypto policies, are potential replacements.
Monday, 11/11/2024 | 15:36 GMT by
Tareq Sikder
SEC Grants Approval for 11 Spot Bitcoin ETFs to Trade Options on NYSE
- Institutional investors can now use options on Bitcoin ETFs to hedge crypto positions.
- Options are derivatives allowing holders to buy or sell assets at a set price by a specific date.
Saturday, 19/10/2024 | 09:04 GMT by
Tareq Sikder
Ripple Custody Division Debuts for Banks and Fintech amid SEC Appeal over XRP
- The firm's custody services reported over 250% growth and aim to compete with custodians like Coinbase and Fireblocks.
- The custody market is projected to reach $16 trillion by 2030, highlighting growth in digital assets.
Thursday, 10/10/2024 | 09:06 GMT by
Tareq Sikder
SEC Claims Lejilex’s Lawsuit Seeks to “Redefine Crypto as Non-Security”
- Lejilex states it will facilitate crypto transactions and not sell securities, and it also accuses the SEC of overreach.
- Coinbase's legal officer criticized the SEC's “inconsistent arguments” on digital assets.
Friday, 04/10/2024 | 11:24 GMT by
Tareq Sikder
SEC Imposes $9M Penalties on Harvest and Merrill Lynch over Investor Risk Violations
- According to SEC, Merrill Lynch introduced clients to Harvest and collected fees.
- Both firms let CYES accounts exceed exposure limits, causing higher fees and investor losses.
Wednesday, 25/09/2024 | 14:07 GMT by
Tareq Sikder
SEC Reiterates Binance’s Illegal Operations, Highlights “Lack of Disclosure”
- The SEC alleges Binance operated illegally as an unregistered exchange, broker-dealer, and clearing agency.
- Criticism emerges as the SEC admits “crypto asset security” lacks a formal definition.
Friday, 13/09/2024 | 15:46 GMT by
Tareq Sikder
eToro USA Settles with SEC for $1.5M and Restricts Crypto Trading: Eyes US IPO
- As part of the settlement, eToro will limit crypto trading in the US to Bitcoin, Bitcoin Cash, and Ether.
- US customers will have 180 days to sell other crypto assets before they are removed from the platform.
Thursday, 12/09/2024 | 14:18 GMT by
Tareq Sikder
Ripple’s Lawyer Criticizes SEC’s Use of “Crypto Asset Security” as “Fabricated Terms”
- The SEC warned it may challenge FTX's use of stablecoins for creditor repayments, citing “crypto asset securities.”
- He pointed to a 1976 SEC ruling where an art gallery didn't need to register, despite buyers having investment motives.
Tuesday, 03/09/2024 | 09:28 GMT by
Tareq Sikder
Regulators’ Future Directions for AI: Potential Conflicts of Interest
- FINRA warns of AI as an emerging risk, stressing the need for thorough review of AI-generated content.
- SEC targets ‘AI-washing,’ addressing firms that exaggerate AI use to mislead investors.
Monday, 12/08/2024 | 10:58 GMT by
Harriet Christie
SEC, MSRB, and FINRA Gear Up for Municipal Market Compliance Program
- Municipal advisors and dealers can attend in person or virtually to learn about regulatory updates and compliance challenges.
- Topics include fiduciary duties, compliance pain points, and post-trade monitoring in the municipal market.
Monday, 01/07/2024 | 14:54 GMT by
Tareq Sikder
WhatsApp Compliance: Self-Reporting Drives Regulatory Change Initiation
- The SEC is pushing for cultural change in compliance, focusing on self-reporting.
- Firms like Perella Weinberg and Huntington benefited from self-reporting, receiving lower penalties.
Monday, 15/04/2024 | 13:10 GMT by
Harriet Christie
Kraken Fires Back: Challenges SEC Lawsuit as Regulatory Overstep
- The testimony delivered on May 10, 2023, highlighted inadequate digital asset industry regulation.
- The firm disputes the SEC's token-contract stance citing a lack of buyer-issuer agreement.
Friday, 23/02/2024 | 07:48 GMT by
Tareq Sikder
See more
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}