SEC | ForkLog - Part 18

ForkLog 7 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 […]

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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 […]

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ForkLog 13 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 […]

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ForkLog 14 26.04.2024

SEC Accuses Bitcoin Miner Geosyn Mining of $5.6 Million Fraud

SEC filed a lawsuit against the mining company Geosyn Mining and its two co-founders, accusing them of an unregistered and fraudulent securities offering. The regulator claims that the firm, along with Caleb Ward (CEO) and Jeremy McNatt (COO), raised approximately $5.6 million from more than 60 investors between November 2021 and December 2022. The defendants […]

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ForkLog 23 26.04.2024

ConsenSys Challenges SEC Over Ethereum Regulation

ConsenSys has filed a lawsuit against the SEC and five unnamed officials over the “regulation of ETH as a security.” According to court documents, the regulator has orchestrated a campaign “to seize control over the future of cryptocurrency” through enforcement actions. The company cited the Commission’s report and referred to statements made by its chairman, […]

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ForkLog 15 25.04.2024

SEC Likely to Reject Ethereum ETF Applications, Say Reports

Asset managers and other firms anticipate that the U.S. Securities and Exchange Commission (SEC) will reject applications for spot Ethereum ETFs following “disappointing” discussions, according to Reuters. Sources indicate that during infrequent meetings with the SEC, issuers argued that the Ethereum futures ETFs approved in October 2023 set a precedent for spot products. Regulatory staff […]

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ForkLog 66 24.04.2024

SEC Seeks $5.3 Billion Penalty for Do Kwon and Terraform Labs

The U.S. Securities and Exchange Commission (SEC) filed a motion seeking $5.3 billion in compensation and fines from Terraform Labs (TFL) and its founder, Do Kwon. On April 5, a jury in the Southern District of New York found TFL and Kwon guilty of investor deception and securities fraud. The trial lasted nine days and […]

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ForkLog 14 23.04.2024

SEC Extends Review Period for Franklin Templeton’s Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has extended the review period for the application to launch a spot Ethereum ETF by investment firm Franklin Templeton. This was reported on the agency’s website.

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ForkLog 23 23.04.2024

US Blockchain Associations Challenge SEC’s Regulatory Approach

The Blockchain Association (BA) and the Texas Crypto Freedom Alliance (CFAT) have filed a complaint against the SEC, accusing it of “capricious rulemaking” and “erroneous attacks” on the digital asset industry. The organizations seek to overturn the “Dealer Rule” due to various violations of the Administrative Procedure Act (APA) by the agency, which “prevent industry […]

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ForkLog 7 19.04.2024

SEC Maintains Firm Stance on Cryptocurrency Regulation

The regulatory landscape for digital assets in the United States remains complex, yet the SEC is likely to continue its relatively stringent approach. This is reported by Fortune, citing a statement from former head of the SEC’s cryptocurrency litigation division, Ladan Stewart. For over eight years, she dealt with legal matters at the SEC, including […]

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ForkLog 43 19.04.2024

SEC Justifies Legal Pursuit of Justin Sun Due to Frequent US Visits

In a revised complaint against TRON founder Justin Sun, the SEC stated that his frequent visits to the United States provide grounds for legal action. In March 2023, the regulator accused the entrepreneur and three associated companies of an unregistered offering of securities in the form of TRON (TRX) and BitTorrent (BTT) tokens. The agency […]

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ForkLog 13 11.04.2024

Implications of the SEC’s Confrontation with Uniswap

What will be the outcome of the proceedings? What does the SEC and Uniswap confrontation mean for users? Which other DeFi solutions might attract US authorities’ attention? A potential lawsuit by the SEC against the decentralized exchange Uniswap could set a significant precedent for the cryptocurrency market, though experts consulted by ForkLog express doubts about […]

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