SEC | ForkLog - Part 43

ForkLog 9 22.12.2022

SEC classifies FTX utility token as a security

FTX, since its launch, offered and sold the utility token FTT as an investment contract and, therefore, a security. The U.S. Securities and Exchange Commission (SEC) said this in the lawsuit.

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ForkLog 13 21.12.2022

Hester Peirce questions the usefulness of the Howey test in classifying cryptocurrencies

The Howey test used to gauge whether an asset qualifies as a security does not fully account for the nature of digital assets. In an interview with Decrypt, SEC Commissioner Hester Peirce said.

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ForkLog 8 13.12.2022

SEC charges Sam Bankman-Fried with fraud tied to FTX

The U.S. Securities and Exchange Commission has charged Sam Bankman-Fried with deceiving FTX investors and misusing customer funds.

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ForkLog 5 12.12.2022

US congressman accuses SEC chair of failing to regulate the crypto industry

The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is to testify before Congress on his approach to crypto regulation, according to Rep. Tom Emmer.

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ForkLog 8 11.12.2022

SEC deems Grayscale GBTC conversion denial to a spot Bitcoin ETF ‘well-founded’

The US Securities and Exchange Commission (SEC) has issued the first response in Grayscale Investments' suit over the rejection of the conversion of the GBTC trust into a spot bitcoin ETF. The regulator described the decision as 'well-founded and reasonably explained'. 'Earlier, the Commission approved ETFs based on CME futures contracts registered with the CFTC; accordingly, the underlying assets of these funds are subject to strict oversight. The spot bitcoin market, by contrast, is fragmented and unregulated. The applicant did not present compelling arguments in favor of the thesis that CME's oversight of futures trading would be sufficient to detect and deter fraud and manipulation in the spot market.'

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ForkLog 7 09.12.2022

SEC requires public companies to disclose crypto-market–related risks and losses to investors

The SEC has required public companies to disclose to investors information about risks to their business or losses caused by turbulence in the cryptocurrency market.

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ForkLog 6 05.12.2022

Ripple files final objections to SEC in XRP case

On December 2, Ripple filed final objections to the SEC's motion for summary judgment in the XRP status case before the Southern District of New York.

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ForkLog 10 26.11.2022

US congressman says FTX crisis a failure of crypto-industry regulation

US Representative Tom Emmer criticized SEC Chair Gary Gensler and former FTX CEO Sam Bankman-Fried amid the crisis surrounding the Bitcoin exchange.

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ForkLog 18 10.11.2022

US regulators’ investigations into FTX come to light

SEC and CFTC have begun examining the connections between FTX and its U.S. subsidiary and Alameda Research, Bloomberg reports, citing people familiar with the matter.

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ForkLog 12 08.11.2022

Court rules LBRY’s tokens are securities

A New Hampshire judge, Paul Barbadoro, granted the SEC's suit against the blockchain startup LBRY for alleged securities-law violations in the sale of its own tokens.

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ForkLog 8 07.11.2022

SEC scrutinises HEX, PulseChain and PulseX promotion

The SEC subpoenas influencers involved in HEX, PulseChain and PulseX, according to Arcane Crypto's chief investment officer, Eric Wall.

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ForkLog 7 05.11.2022

SEC charges Trade Coin Club organisers over $295 million fraud

The U.S. Securities and Exchange Commission has charged four organizers of the Trade Coin Club cryptocurrency pyramid.

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