SEC | ForkLog - Part 12

ForkLog 22 02.10.2024

Bitwise Files for Spot XRP ETF Registration

Digital asset manager Bitwise has submitted an application to launch a spot exchange-traded fund based on XRP. ?SCOOP: Crypto asset manager @BitwiseInvest has filed in the state of Delaware for an $XRP ETF. More details to come. Stay tuned. ? pic.twitter.com/2q7zDj7aYm — Eleanor Terrett (@EleanorTerrett) October 1, 2024 The firm promised to provide further details […]

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ForkLog 16 28.09.2024

SEC Fines Mango Markets $700,000

The organizations managing the DeFi platform Mango Markets, Mango DAO, and Blockworks Foundation have settled charges with the SEC over the unregistered sale of securities in the form of MNGO tokens. Today we filed settled charges against Mango DAO and Blockworks Foundation for engaging in the unregistered offer and sale of crypto assets called “MNGO” […]

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ForkLog 12 26.09.2024

Mark Cuban Expresses Interest in Leading the SEC

Mark Cuban has expressed a desire to become the chairman of the U.S. Securities and Exchange Commission (SEC). The billionaire made this remark in response to a FOX News query about a potential appointment in Kamala Harris’s administration, should she be elected President of the United States. JUST IN: ?? Billionaire Mark Cuban States he […]

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ForkLog 20 25.09.2024

SEC Fines TrustToken and TrueCoin Over TUSD Stablecoin Sales

TrueCoin and TrustToken have reached a settlement with the SEC over allegations of fraudulent and unregistered sales of investment contracts in the form of the TrueUSD (TUSD) stablecoin. According to the lawsuit, TrueCoin acted as the coin’s issuer, while TrustToken operated the TrueFi lending protocol. From November 2020 to April 2023, the companies offered investors […]

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ForkLog 52 25.09.2024

BNY Mellon to Expand Custodial Services to Spot Bitcoin ETFs

The Bank of New York Mellon, with AUM of $50 trillion, plans to enter the custodial services market for spot exchange-traded funds based on Bitcoin and Ethereum, representatives of the bank told Bloomberg. The agency noted that such a move could threaten Coinbase’s dominant position. The Bitcoin exchange serves as the custodian for most products, […]

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ForkLog 12 21.09.2024

SEC Grants Approval for Bitcoin ETF Options from BlackRock

The U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of options on spot exchange-traded funds based on the leading cryptocurrency from BlackRock in an expedited manner. Bloomberg analyst Eric Balchunas speculated that options for products from other companies may soon be approved as well. Important note: This is just one stage […]

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ForkLog 10 20.09.2024

Terraform Labs Granted Liquidation Approval

On September 19, a bankruptcy court in Delaware approved the liquidation plan for the cryptocurrency firm Terraform Labs as part of its bankruptcy proceedings, according to Reuters. The judge endorsed the company’s bankruptcy plan, describing it as a “welcome alternative” to further litigation over investor losses. The decision follows an agreement between Terraform Labs and […]

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ForkLog 27 20.09.2024

Texas Court Dismisses ConsenSys Lawsuit Against SEC

A federal judge in Texas dismissed ConsenSys’s lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five members, including Chairman Gary Gensler. In April, the firm sued the SEC over the “regulation of ETH as a security.” The claims alleged that the agency orchestrated a campaign “to seize control over the future of […]

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ForkLog 21 18.09.2024

Cencora Pays Record $75 Million Bitcoin Ransom to Hackers

The pharmaceutical giant Cencora, victimized by a cyberattack in February, has paid a record $75 million in bitcoin to the operators of the Dark Angels ransomware. This was reported by Bloomberg, citing informed sources. According to these sources, the payments were made in three installments in March. The initial ransom demand was $150 million. Cencora […]

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ForkLog 13 18.09.2024

NanoBit and CoinW6 Accused of Fraud via Social Media

SEC accused cryptocurrency platforms NanoBit and CoinW6 of deceiving investors and stealing their money through a series of social media scams. Two complaints have been filed against five organizations and three individuals. According to the regulator, NanoBit employees solicited funds from October 2023 to June 2024 through WhatsApp groups, posing as “financial industry professionals.” They […]

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ForkLog 9 18.09.2024

US Lawmakers Seek SEC Clarification on Airdrops

The SEC is urged to clarify its stance on airdrops. This demand is among others in a letter addressed to the agency’s head, Gary Gensler, from a group of Republican congressmen, reports The Block. The letter was signed by the Chairman of the House Financial Services Committee, Patrick McHenry, and the House Majority Leader, Tom […]

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ForkLog 9 14.09.2024

SEC Clarifies Definition of Securities for Cryptocurrencies

The SEC has never considered specific tokens as securities, but has taken into account the full set of contracts, expectations, and agreements regarding the sale of assets. This was stated by the Commission in an amended complaint against Binance. “The SEC regrets any confusion it may have invited” by falsely and repeatedly stating that tokens […]

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