Judge Rules XRP Is Not A Security. What Does It Mean For Other Crypto?

While the crypto industry earned a short-term win on Thursday, there are many factors at play that will determine whether the ruling in the Ripple case will have a long-term impact on crypto assets.

• 2023-07-15
• XRP court order Morrison Cohen Partner Jason Gottlieb securities laws Crypto Assets SEC investment contract

SEC enforcement chief rejects criticism of crypto crackdown

A top U.S. Securities and Exchange Commission (SEC) official on Friday rejected criticism of the regulator's cryptocurrency crackdown and slammed the sector for violating securities laws. The regulator's heightened scrutiny of crypto firms comes in response to the industry's failure to comply with the agency's regulations, SEC enforcement director Gurbir Grewal said at a Rutgers University and Lowenstein Sandler LLP event in New York. "We have worked thoughtfully and incrementally in this spac

• 2023-06-17
• Gurbir Grewal securities laws SEC The SEC SEC enforcement director Rutgers University

Bitcoin rises above US$26,000; all other top 10 cryptos gain as U.S. regulatory battle rumbles on

All top 10 cryptos, including Binance’s BNB, gained on Tuesday afternoon trade in Asia for the first time this week amid ongoing lawsuits with the U.S. SEC.

• 2023-06-13
• Gary Gensler U.S. Securities and Exchange Commission securities laws Bitcoin cryptocurrencies SEC

Crypto: GOP House Financial Services & Ag Committee chairs propose regs

Republican House Financial Services Committee Chair Patrick McHenry and House Agriculture Committee Chair Glenn Thompson unveiled a proposal that would be the first step in regulating cryptocurrencies.

• 2023-06-03
• House Agriculture Committee CFTC Patrick McHenry digital asset Republican members House Financial Services discussion draft Commodity Futures Trading Commission SEC securities laws

SEC Serves Bitcoin Mining Firm Marathon Digital With Subpoena, Again

Marathon Digital revealed the company has received a new subpoena from the U.S. Securities and Exchange Commission.

• 2023-05-11
• Bitcoin mining Marathon Digital Holdings the SEC SEC securities laws Bitcoin prices reasonable assurance material weaknesses

U.S. Exchanges List More Than a Dozen Cryptos the SEC Says Are Illegal to Sell

The Securities and Exchange Commission has been waging a campaign to regulate cryptocurrencies since 2017, arguing it has the authority to oversee many digital coins and the platforms that trade them. The SEC can only regulate digital coins that are classified as securities, a category that includes assets such as stocks and bonds. SEC Chair Gary Gensler has said most crypto tokens fall within that category.

• 2023-05-08
• The SEC Gary Gensler securities laws digital coins

Binance says it built 700-member compliance team to handle crypto crime, legal enquiries

Binance said it has more than 700 employees in its compliance team, which includes 170 staff working to combat crypto fraud.

• 2023-04-28
• Tigran Gambaryan compliance team cryptocurrency exchange securities laws Changpeng Zhao Binance legal challenges Michigan Department financial crime law enforcement

US SEC investigates crypto exchange Bittrex for potential regulatory violation: WSJ

The US Securities and Exchange Commission is reportedly investigating cryptocurrency exchange Bittrex over potential regulatory violations. This comes as Bittrex prepares to shut its U.S operations.

• 2023-04-17
• Bittrex The Wall Street Journal cryptocurrency exchange SEC securities laws

Crypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators: JPMorgan

JPMorgan foresees more regulatory actions on stablecoin issuers, custody and protection of investors’ digital assets and on the unbundling of crypto services, the report said.

• 2023-02-23
• digital assets SEC research report JPMorgan Gary Gensler regulatory actions securities laws

NBA Hall of Famer Hit With SEC Fine for Cryptocurrency Promotion

Paul Pierce was fined $1.4 million by the U.S. Securities and Exchange Commission for improperly promoting EMAX tokens on Twitter.

• 2023-02-18
• Paul Pierce Gary Gensler EMAX SEC Boston Celtics securities laws