SEC | ForkLog - Part 15

ForkLog 24 08.07.2024

Messari CEO Declares Battle Against ‘Corrupt’ SEC

In the coming months, Messari will “initiate a war against the illegitimate and corrupt” SEC. This was announced by the company’s founder and CEO, Ryan Selkis. GM. I’ve declared independence from the SEC and its corrupt Chair Gary Gensler. In the months ahead, Messari will be operationalizing a war against this illegitimate and corrupt agency. […]

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ForkLog 7 04.07.2024

Coinbase Challenges SEC’s Attempt to Shield Gensler’s Correspondence

The cryptocurrency exchange Coinbase has responded to a motion by the SEC, in which the regulator seeks to block the disclosure of information from its chairman, Gary Gensler. We have responded to @SECGov ‘s effort to block reasonable discovery from Mr. Gensler in a case that it—not Coinbase—chose to file. Democracy, as well as due […]

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ForkLog 5 03.07.2024

SEC’s Case Against ConsenSys to Proceed on Expedited Schedule

The court has approved an expedited schedule for hearings in the SEC case against ConsenSys, set to take place from July 29 to November 26. This was announced by the company’s lawyer, Bill Hughes. Important News about about @Consensys v. Gensler. Judge O’Connor granted our request that he consider the merits of our case on […]

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ForkLog 7 29.06.2024

Ethereum ETFs Face Delays in July Launch

The U.S. Securities and Exchange Commission (SEC) has returned S-1 forms to potential issuers of spot ETH-ETFs for revisions, according to The Block, citing a source. The regulator provided “minor comments” and expects the corrected applications to be resubmitted by July 8, the source noted. According to the source, this will not be the final […]

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ForkLog 34 29.06.2024

Court Allows Most SEC Claims Against Binance to Proceed

Judge Amy Berman Jackson of the District Court for the District of Columbia has partially dismissed the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Binance, though most allegations will be considered. She granted the exchange’s motion to dismiss the regulator’s claims regarding secondary sales of the BNB token, the offering of the BUSD stablecoin, […]

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ForkLog 26 28.06.2024

SEC Takes Legal Action Against ConsenSys

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against ConsenSys, the developer of the MetaMask wallet. The lawsuit was filed in the Eastern District of New York. The agency alleges that the firm violated the law through its MetaMask Staking service. The regulator claims that: since October 2020, ConsenSys has been “operating […]

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ForkLog 5 28.06.2024

Prospects for Solana ETF Rise Following US Presidential Debate

The likelihood of a Solana ETF being approved within the next 12 months is closely linked to the potential change in the US presidency. It is safe to say that the probability of both has increased since yesterday, stated Bloomberg analyst Eric Balchunas. Yes, the odds of a Solana ETF being approved in next 12mo […]

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ForkLog 7 28.06.2024

US Supreme Court Grants Right to Jury Trials in SEC Fraud Cases

Defendants accused of fraud by the SEC are entitled to a jury trial in federal court. This decision was made by the U.S. Supreme Court, reports FOX Business journalist Eleanor Terrett. ?BREAKING: The Supreme Court has just ruled in a 6-3 vote that when the @SECGov seeks penalties for fraud, a defendant is entitled to […]

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ForkLog 41 27.06.2024

Coinbase Sues SEC and FDIC Over Lack of Transparency

The exchange accused regulators of failing to comply with the Freedom of Information Act. The company perceived the actions of the agencies as a targeted campaign against the digital asset industry. Coinbase has filed a lawsuit against the SEC and the FDIC over their attempts to “cut off” the crypto industry from the banking sector, […]

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ForkLog 5 27.06.2024

SEC May Approve Ethereum ETF by July 4, Reports Suggest

The U.S. Securities and Exchange Commission (SEC) could approve spot ETH-ETFs as early as July 4, as discussions between issuers and the regulator have reached their final stage, according to Reuters, citing sources. Executives from the issuers, who wished to remain anonymous, stated that the process of amending applications has progressed to resolving “minor” issues. […]

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ForkLog 17 26.06.2024

Ripple CEO Warns SEC Policy Could Cost Biden the Election

The approach of SEC Chairman Gary Gensler may lead to Joe Biden’s defeat in the upcoming U.S. presidential election in November, according to Ripple CEO Brad Garlinghouse. Absolute nonsense coming from @GaryGensler today. And this slander about “all crypto execs going to jail” from the man who completely missed FTX (and actually cozied up to […]

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ForkLog 18 26.06.2024

SEC Chair Declines to Set Timeline for Ethereum ETF Launch

Gary Gensler did not specify a launch date for spot Ethereum funds. Bitwise predicted a $15 billion inflow into the instruments within the first 18 months, while VanEck waived initial trading fees. SEC Chairman SEC Gary Gensler stated at the Bloomberg Invest summit in New York that the review process for spot Ethereum ETF applications […]

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