SEC | ForkLog - Part 38

ForkLog 12 16.05.2023

SEC says Coinbase lawsuit is baseless

The U.S. Securities and Exchange Commission responded to Coinbase's lawsuit, saying it is not obliged to issue new rules, and that the company has no right to sue the regulator.

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ForkLog 17 15.05.2023

SEC lowers LBRY’s civil penalty from $22 million to $111,614

The U.S. Securities and Exchange Commission (SEC) asked the court to reduce LBRY's civil penalty from $22 million to $111,614 in the case it had previously won.

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ForkLog 18 11.05.2023

Marathon Digital receives renewed subpoena from the SEC.

Marathon Digital, the miner, announced a subpoena from the U.S. Securities and Exchange Commission (SEC) in connection with an investigation at one of the company's facilities.

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ForkLog 6 10.05.2023

Hester Peirce sees MiCA as a model for U.S. crypto regulation

The European Parliament-approved Markets in Crypto Assets Regulation (MiCA) and the UK's approach to developing norms for digital assets could form the starting point for the regulatory framework in the United States, according to SEC Commissioner Hester Peirce.

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ForkLog 19 10.05.2023

Coinbase chief says the SEC has launched a crusade against the crypto industry

The U.S. Congress and other federal bodies such as the CFTC have reached a consensus on the need for clear rules for the crypto industry, while the SEC adheres to a different approach. Coinbase CEO Brian Armstrong said this in an interview with CNBC.

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ForkLog 15 08.05.2023

Ripple’s legal battle with the SEC costs $200m

According to Ripple CEO Brad Garlinghouse, the company spent $200m on legal fees in the case against the U.S. Securities and Exchange Commission (SEC).

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ForkLog 8 04.05.2023

SEC drops its formal definition of ‘digital assets’ from hedge-fund rulebook

The U.S. Securities and Exchange Commission (SEC) has dropped its first formal definition of 'digital assets' from the hedge-fund rulebook.

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ForkLog 12 03.05.2023

Robert F. Kennedy Jr., John F. Kennedy’s nephew, criticised the SEC for a ‘war on crypto’

Robert F. Kennedy Jr., nephew of the 35th US president John F. Kennedy, criticised the SEC and the FDIC for a 'war on crypto' that has sparked a banking crisis in the country.

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ForkLog 9 01.05.2023

SEC fines Coinme, the bitcoin ATM provider, nearly $4 million

The U.S. Securities and Exchange Commission (SEC) settled the dispute with cryptocurrency ATM provider Coinme, its subsidiary Up Global SEZC, and the CEO of both firms, Neil Bergkvist.

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ForkLog 19 28.04.2023

Coinbase responds to SEC allegations, warns of reputational risk

The American bitcoin exchange Coinbase responded to the SEC notice, saying it was prepared to vigorously defend itself.

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ForkLog 33 28.04.2023

Gary Gensler: cryptocurrencies are securities, the law leaves no room for alternative readings

Under the law, cryptocurrencies are investment contracts; platforms that offer them must register with the SEC. This was stated by the head of the agency, Gary Gensler.

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ForkLog 17 25.04.2023

Coinbase sues SEC to compel a response to its rulemaking petition

Coinbase has filed a lawsuit to obtain a response from the SEC to the petition it filed in July 2022, which sought clarity on the regulation of the crypto industry.

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