SEC | ForkLog - Part 4

ForkLog 37 25.04.2025

SEC Drops Dragonchain Case but Delays Crypto ETF Decisions

SEC and representatives of Dragonchain founder John Joseph Roets, along with affiliated companies, have filed a joint agreement in court to dismiss the case initiated in 2022. This was reported by The Block. Three years ago, the regulator accused Roets, Dragonchain, Dragonchain Foundation, and Dragon Company of an unregistered securities offering in 2017, raising $16.5 […]

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ForkLog 143 23.04.2025

SEC Accuses PGI Global CEO of $198 Million Cryptocurrency Fraud

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against PGI Global CEO Ramil Palafox, accusing him of orchestrating a cryptocurrency pyramid scheme that amassed $198 million from clients. According to the regulator, from January 2020 to October 2021, the company sold “membership packages” promising returns of up to 200%. These products were […]

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ForkLog 23 23.04.2025

Unicoin Rejects SEC’s Settlement Proposal

Unicoin co-founder and CEO Alex Konanykhin informed investors in a letter that the cryptocurrency firm has rejected an attempt by the SEC to negotiate terms for ending its investigation against the company. This was reported by CoinDesk. He described the regulator’s proposal as an “ultimatum.” “We refused to appear,” the entrepreneur confirmed in a comment […]

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ForkLog 44 23.04.2025

HEX Founder Claims Victory Over SEC

The U.S. Securities and Exchange Commission (SEC) has decided not to reopen the case against Richard James Schueler, the founder of HEX, PulseChain, and PulseX, known as Richard Heart. The entrepreneur announced this on X, citing a letter from the agency. Today the SEC notified the court that it “…does not intend to file an […]

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ForkLog 29 22.04.2025

Paul Atkins Takes Helm at SEC

Paul Atkins has been sworn in as the new chairman of the U.S. Securities and Exchange Commission (SEC). His nomination was put forward by U.S. President Donald Trump and approved by the Senate. Atkins has identified the establishment of a clear and comprehensible regulatory framework for digital assets as his priority. He emphasized his intention […]

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ForkLog 19 12.04.2025

SEC Hosts Second Roundtable on Cryptocurrency Regulation

The Cryptocurrency Task Force within the SEC held a second scheduled roundtable with industry representatives titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading.” Acting Chair Mark Uyeda, Task Force Chief of Staff Richard Gabbert, and Commissioners Hester Peirce and Caroline Crenshaw participated in the meeting. The crypto industry was represented […]

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ForkLog 24 12.04.2025

SEC and Binance Seek Further Delay in Legal Proceedings

The U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance have requested a federal court to extend the pause in their case by another 60 days. According to the document, since the previous suspension, the parties have engaged in “productive discussions” regarding how the SEC’s crypto task force efforts might impact the Commission’s claims. […]

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ForkLog 103 11.04.2025

Ripple and SEC Agree to Temporary Pause in XRP Case

Ripple and the U.S. Securities and Exchange Commission (SEC) have jointly requested a 60-day pause in their mutual appeals proceedings. This pause will allow both parties to finalize negotiations to settle the long-standing dispute over the sale of XRP tokens. According to the document, the parties have reached a “preliminary agreement” that requires final approval […]

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ForkLog 39 11.04.2025

SEC Drops Case Against Helium Network Developer

The U.S. Securities and Exchange Commission (SEC) has dismissed its case against Nova Labs, the developer of Helium. The company had been accused of issuing unregistered securities. The lawsuit was filed in early 2025. It was one of the last initiatives by the SEC against crypto projects under the leadership of former chairman Gary Gensler, […]

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ForkLog 48 10.04.2025

Paul Atkins Confirmed as SEC Chairman by Senate

The U.S. Senate voted to confirm Paul Atkins as the chairman of the Securities and Exchange Commission (SEC). Fifty-two senators supported the nomination, 44 opposed, and four abstained from the vote. President Donald Trump nominated Atkins for the SEC chairmanship in December 2024. Many in the crypto industry considered him a suitable choice, given his […]

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ForkLog 20 10.04.2025

SEC Approves Options on Spot Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) has authorized the listing and trading of options on spot ETFs based on the second-largest cryptocurrency by market capitalization from BlackRock, Bitwise, and Grayscale. In September, the regulator made a similar decision regarding derivatives based on BTC-ETF. Less than two months later, open interest in IBIT derivatives reached […]

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ForkLog 22 06.04.2025

SEC to Reevaluate Previous Cryptocurrency Statements

Acting Chairman of the U.S. Securities and Exchange Commission (SEC), Mark Uyeda, has instructed agency staff to review several statements regarding cryptocurrencies. Statement from Acting Chairman Mark Uyeda: Pursuant to Executive Order 14192, Unleashing Prosperity Through Deregulation, together with recommendations from DOGE, I have requested Securities and Exchange Commission staff promptly to review the following […]

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