SEC | ForkLog - Part 17

ForkLog 21 22.05.2024

Uniswap Labs Urges SEC to Reconsider Potential Lawsuit

In response to an April Wells notice from the SEC, Uniswap Labs described the agency’s legal reasoning as weak and expressed readiness for a legal battle. Read more about our response to the SEC’s Wells notice here ⤵️https://t.co/73pTSCkvnp — Uniswap Labs ? (@Uniswap) May 21, 2024 The Wells notice is a type of letter used […]

AI translated

ForkLog 10 21.05.2024

SEC’s New Requirement for Ethereum-Based ETFs Unveiled

The U.S. Securities and Exchange Commission (SEC) has requested companies to update form 19b-4 in their applications for launching spot Ethereum ETFs, according to CoinDesk, citing sources. The Wall Street Journal also reported on the regulator’s demand for amendments to the documents in an “expedited manner.” However, the SEC’s actions do not guarantee that spot […]

AI translated

ForkLog 14 18.05.2024

Coinbase Analyst Predicts Inevitable Approval of Ethereum ETFs

The approval of spot exchange-traded funds (ETFs) based on Ethereum by the U.S. Securities and Exchange Commission (SEC) is merely a matter of time, according to David Han, an analyst at the cryptocurrency exchange Coinbase. He expressed this view in a recent report. “While there is uncertainty regarding the timely approval of [ETH-ETF], given the […]

AI translated

ForkLog 8 17.05.2024

US Senate Votes to Repeal SEC Directive

On May 16, the US Senate passed a joint resolution to annul the Staff Accounting Bulletin 121 (SAB 121) issued by the Securities and Exchange Commission (SEC). 2/ The tally, a stunning 60 “Yeas” in the Senate vote, sends a strong signal that both houses of Congress, across the political divide, clearly disapprove of this […]

AI translated

ForkLog 9 15.05.2024

SEC Considers Ethereum’s Security Status Amid ETF Application Reviews

The SEC may contemplate assigning Ethereum the status of a security, as inferred from a request for comments, noted attorney Scott Johnsson. I’m aware this is widely considered a possibility, but this is your official notice that the SEC is considering the security question for ETH in this upcoming spot ETF order. Note that this […]

AI translated

ForkLog 9 13.05.2024

Uniswap Founder Criticizes Biden’s Approach to Cryptocurrency

The founder of Uniswap, the largest decentralized exchange, Hayden Adams, believes that Joe Biden may lose the upcoming U.S. presidential election due to his administration’s dismissive attitude towards the cryptocurrency market. Hillary campaigning in red states states instead of swing states level miscalculation from Biden camp thinking crypto will be irrelevant in 2024 election and […]

AI translated

ForkLog 22 10.05.2024

Charles Hoskinson Accuses Biden of Aiming to ‘Kill’ the Crypto Industry

US President Joe Biden is allegedly making deliberate efforts to dismantle the country’s cryptocurrency industry, according to Cardano co-founder Charles Hoskinson. Biden and Crypto https://t.co/P06encxBEv — Charles Hoskinson (@IOHK_Charles) May 8, 2024 According to the expert, in recent years the US government has only “harmed” startups. He cited restricted access to bank accounts, the policy […]

AI translated

ForkLog 8 10.05.2024

Joseph Lubin Criticises SEC’s Approach to Ethereum

Ethereum co-founder Joseph Lubin believes that the U.S. Securities and Exchange Commission (SEC) is deliberately hindering innovation, posing a threat to the future of the country’s financial system. This was reported by Cointelegraph. Speaking at the FT Live’s Crypto and Digital Asset Summit, Lubin explained ConsenSys’s decision to sue the agency after receiving a Wells […]

AI translated

ForkLog 49 09.05.2024

SEC Rejects Ripple’s $10 Million Settlement, Demands $2 Billion

The U.S. Securities and Exchange Commission (SEC) has opposed Ripple Labs’ proposal to pay a $10 million fine for selling XRP to institutional investors. The regulator insists on $2 billion. In its motion, the SEC stated that Ripple’s proposed penalty is a “slap on the wrist.” “It would encourage other crypto asset issuers to violate […]

AI translated

ForkLog 6 07.05.2024

Gary Gensler Criticizes Lack of Crypto Asset Disclosure

Amidst the scrutiny of cryptocurrency firms, SEC Chairman Gary Gensler has expressed concerns that investors are not receiving sufficient information about digital assets. This was reported by The Block, citing the official’s interview with CNBC. Journalists inquired about the Wells notice issued to the crypto division of online broker Robinhood. The head of the Commission […]

AI translated

ForkLog 24 06.05.2024

SEC Warns Robinhood of Potential Lawsuit

The cryptocurrency division of online broker Robinhood has received a warning from the U.S. Securities and Exchange Commission (SEC) regarding a potential lawsuit. The notice in question is a Wells notice, a letter indicating that the agency has found violations of securities laws and that the matter may proceed to court. “After several years of […]

AI translated

ForkLog 12 30.04.2024

ConsenSys Lawsuit Reveals SEC’s Stance on Ethereum as a Security

The lawsuit filed by ConsenSys against the SEC has unveiled additional details about the regulator’s position on Ethereum. Legal experts suggest this could lead to a protracted legal battle. New Revelations According to an investigation by Fox Business journalist Eleanor Terrett, the agency and its chairman, Gary Gensler, regarded the second-largest cryptocurrency by market capitalization […]

AI translated

#SEC