Ripple dealt with new blow as judge denies access to SEC staff trading records
Judge Sarah Netburn ruled against Ripple’s request to gain access to the trading records, saying that individual trading decisions do not bear on the issues in the case.
Judge Sarah Netburn ruled against Ripple’s request to gain access to the trading records, saying that individual trading decisions do not bear on the issues in the case.
Robert Shumake, Willard Jackson, and Nicole Birch are accused of conducting the two fraudulent crowdfunding offerings. They allegedly sold securities in 420 Real Estate and the now-defunct Transatlantic Real Estate.
American CryptoFed DAO LLC, which became the first legally recognized DAO in July, has filed a new S-1 to use two tokens to establish its secondary market.
The U.S. securities regulator plans to take enforcement action on the blockchain and digital currency industry, according to Chair Gary Gensler.
SEC Chair Gary Gensler recently testified before the U.S Senate and outlined his position regarding the regulation of key financial areas. Unsurprisingly, one of them was what Gensler coined “crypto assets.”
The U.S. Securities and Exchange Commission awarded over $1 billion in rewards to whistleblowers since the formation of its whistleblower program in 2012.
The new policy requires operators to tie in with AML/CFT rules, which include processes like verifying the source of funds, monitoring transactions, and other diligence measures.
The U.S. Securities and Exchange Commission charged New York-based GTV Media Group and Saraca Media Group, as well as Arizona-based Voice of Guo Media Inc. in connection with the illegal stock offering.
Rivetz allegedly sold tokens that couldn’t purchase any good or service at the time of sale and raised $18 million while violating securities laws, according to the U.S. securities regulator.
In its warning note, the SEC said that investors should understand the full extent of the risks involved and look out for signs that could point to fraudulent schemes.
Regulators from all over the world continue to take action against unregulated activities and businesses of digital currency companies and platforms, proving that no one is invincible to regulation.
The regulator intends to use the new fintech division to assess the feasibility of digital currency investments and decide on the need for comprehensive regulations.