SEC | ForkLog - Part 50

ForkLog 6 04.03.2022

SEC to consider changes to rules for crypto custodians

The U.S. Securities and Exchange Commission (SEC) is weighing new recommendations for investment advisers and firms regarding cryptocurrencies.

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ForkLog 8 03.03.2022

Bloomberg: SEC begins scrutiny of NFT regulation

The Securities and Exchange Commission (SEC) has begun work on determining whether NFTs qualify as securities and applying the relevant laws. Bloomberg reported, citing informed sources.

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ForkLog 10 28.02.2022

SEC rules out amnesty for crypto firms

The U.S. Securities and Exchange Commission will not offer amnesty to crypto companies that voluntarily disclose violations of securities laws. Reuters reported this, citing enforcement chief Gurbir Grewal.

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ForkLog 7 27.02.2022

Ripple pushes back against SEC rhetoric on regulator’s document confidentiality

Ripple, its CEO Brad Garlinghouse and co-founder Chris Larsen have filed an objection with Magistrate Judge Sara Netburn to the SEC's motion for partial reconsideration and clarification of the ruling concerning the deliberative process privilege.

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ForkLog 10 23.02.2022

Former SEC official foresees regulator’s defeat in Ripple lawsuit

Former SEC policy chief Joseph Hall said regulators face a high likelihood of losing the Ripple case on the merits. The regulator accused the company of selling unregistered securities worth $1.3 billion in XRP.

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ForkLog 10 20.02.2022

In 2012, lawyers told Ripple that XRP did not exhibit characteristics of a security

In consultations provided by Ripple's law firm Perkins Coie in 2012, it was asserted that the XRP token is not a security. However, experts noted a 'small' risk that SEC investigators might disagree with this analysis.

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ForkLog 18 18.02.2022

Ripple agrees to disclose XRP status documents

Ripple and co-founder Chris Larsen, in a letter addressed to Judge Analisa Torres, said that they “do not object to full disclosure of the legal memos.” The documents show that the XRP token was not treated as a security, said Stewart Alderoti, the company's chief legal officer, in an interview with FOX Business.

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ForkLog 14 18.02.2022

Gary Gensler explains why spot Bitcoin ETF applications were rejected.

The SEC did not come close to approving a spot Bitcoin ETF because the applications did not meet the Securities Act's anti-fraud and manipulative-practice standards. This was stated by SEC chair Gary Gensler in response to a request from Congressman Tom Emmer.

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ForkLog 13 16.02.2022

Media: SEC probes trading firms affiliated with Changpeng Zhao

The SEC is studying the link between Binance.US and two trading firms affiliated with the founder Changpeng Zhao. The Wall Street Journal, citing sources, reports.

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ForkLog 12 13.02.2022

Bloomberg: BlockFi to pay $100 million in fines to US regulators

The crypto-lending platform BlockFi will pay $100 million in fines to settle a dispute with US regulators.

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ForkLog 7 07.02.2022

SEC delays ruling on Grayscale’s bid to launch a spot Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) delayed the decision on Grayscale Investments' application to launch a spot Bitcoin ETF.

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ForkLog 6 02.02.2022

Hester Peirce Flags Threat to DeFi Platforms in Securities Act Amendments

Amendments to the Securities Act concerning the regulation of automated trading systems (ATS) could threaten DeFi platforms. SEC Commissioner Hester Peirce told Bloomberg.

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