Is SEC harming ‘crypto’ by enforcing the securities laws?
The tight regulations on the digital asset space are not the problem but instead, turning the original Bitcoin into a gambling of speculations.
Latest securities News
Judge rules against LBRY in securities case: what does it mean for Ripple?
LBRY lost its battle against the SEC following a federal judge's ruling that the LBC tokens are securities, sending a signal that Ripple may likely face the same fate.
Kim Kardashian settles for $1.26M with SEC over EthereumMax promotion
The celebrity posted on Instagram an ad that promoted EthereumMax to her 250 million followers, failing to disclose that she had received $250,000 in payment for the promotion.
Post-Merge, Gary Gensler again hints that ETH is a security
Gary Gensler likened Ethereum's 'The Merge' to lenders, indicating that it is more of a security than a commodity, a stark contrast to BSV, which managed to retain the original Bitcoin protocol.
SEC investigation of Do Kwon and Terraform Labs to proceed as court affirms subpoenas
Do Kwon and his company, Terraform Labs, must comply with subpoenas served by the U.S. securities regulator in their investigation into whether Kwon and Terraform violated federal securities laws.
SEC brings landmark crowdfunding charges against two $2M projects
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.
Ripple, SEC play keep-away with incriminating documents
Ripple Labs is under fire after the U.S. securities regulator accused the company of undermining a regulatory probe into whether the XRP token is an unregistered security.
DeFi firm settles with SEC over $30M unregistered token sale
The watchdog accused DeFi Money Markets of selling unregistered securities and making false representations to investors in its $30 million token sale.
Nano developers petition court for $701K damages over ‘baseless’ class action
The claim brought by token purchaser Alec Otto and the class action around it was filed too late, and was made of allegations unsubstantiated by the evidence, according to Nano developers.
BlockFi gets 1 month reprieve from New Jersey regulators
Co-founder and CEO Zac Prince confirmed that the NJ watchdog has given the firm one more month before it has to shut down its interest-bearing accounts.
‘US regulated’ BlockFi in hot water with Alabama regulators too
Digital currency platform BlockFi’s dismissal of the brushback pitch thrown by New Jersey regulators could have major ramifications for company execs and those who helped promote unregistered securities.
Ripple accidentally makes a good point in SEC defense: why isn’t ETH an unregistered security too?
Based on the legal test for determining whether something is a security or not (Howey), the SEC has a case. However, in filing its defense, Ripple Labs made an excellent point worthy of discussion.