SEC

  • Coinbase’s Stock Rating Downgraded After Receiving a Wells Notice: What Does It Mean for the Regulatory Environment?

    According to reports, Oppenheimer, an investment bank and broker-dealer, downgraded Coinbase\’s stock rating, citing an unhealthy regulatory environment after Coinbase received the

    03/23/2023
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  • Coinbase Receives Wells Notification from SEC: Implications for Cryptocurrency Regulation

    According to reports, Paul Grewal, the chief legal officer of Coinbase, said on social media that Coinbase had received a Wells notification from the Securities and Exchange Commis

    03/23/2023
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  • American Celebrities Agree to Pay Over $400k to Settle SEC Claims

    According to reports, American actress Lindsay Lohan, rapper Akon, and several other celebrities have agreed to pay a total of more than $400000 in liquidated damages, interest, an

    03/23/2023
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  • Subpoena Issued by US SEC to Sushi and CEO Jared Grey: $3 Million Required for USDT Legal Defense

    According to reports, the US Securities and Exchange Commission recently issued a subpoena to Sushi and the new CEO of Sushi Swap, Jared Grey. Grey asked Sushi DAO to fund a USDT l

    03/22/2023
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  • Obligate Executes First Bond Issuance Using Polygon Blockchain

    It is reported that Obligate, a blockchain based debt securities agreement, has executed its first bond issuance using Polygon blockchain without any bank involvement. The issuer i

    03/22/2023
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  • Coinbase’s Letter to SEC Explained: Why Core Pledge Services Are Not Securities

    On March 21st, Paul Grewal, Chief Legal Officer of Coinbase, said on Twitter that today, Coinbase submitted a comment letter to our July 2022 SEC rulemaking petition. We explained

    03/21/2023
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  • SEC Recruits Student Interns for 2023 Business and Legal Programs

    According to reports, the Securities and Exchange Commission of the United States has started the recruitment of “student interns” for the 2023 business and legal programs, with hourly salaries of $15.09 to $28.83. The undergraduate and graduate students recruited will participate in a 10 week internship starting on August 28 and ending on November 3. According to recruitment information, the U.S. Securities and Exchange Commission is looking for people who study blockchain, distributed ledger technology, computer science, financial technology, or cybersecurity, as well as many other research fields. (cointelgraph) The US SEC recruits interns in areas such as blockchain and distributed ledger technology, with hourly salaries ranging from $15.09 to $28.83 Analysis based on this information:The U.S. Securities and Exchange Commission (SEC) has announced its recruitment of student interns for its 2023 business and legal programs, offering hourly salaries ranging from $15.09 to $28.83. The internship program is set to last for 10 weeks, from August 28 to November 3,…

    03/17/2023
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  • A Reflection on the TrueUSD and Ark Invest SEC Filing Situation and the Role of Uniswap

    21:00-7:00 Keywords: TrueUSD, Ark Invest, SEC, Uniswap Overview of important developments overnight on March 16th Analysis based on this information:TrueUSD, a stablecoin backed by US dollars, has recently gained the attention of the Securities and Exchange Commission (SEC) and the popular investment management firm Ark Invest. In a recent filing with the SEC, Ark Invest disclosed that it holds TrueUSD as a potential investment option for its exchange traded funds (ETFs). This move by Ark Invest highlights the growing acceptance and use of stablecoins as investment options. However, this move has not been without its challenges. The SEC has been scrutinizing the use of stablecoins and their compliance with regulatory frameworks. The use of TrueUSD by Ark Invest raises a number of questions regarding the regulatory status of stablecoins. To add to the uncertainty, Uniswap, the decentralized exchange that allows users to trade cryptocurrencies without the need for a centralized exchange, has also come under the scrutiny of the SEC….

    03/16/2023
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  • Ark Invest Raises Over $16 Million in Cryptocurrency Funds

    According to reports submitted to the Securities and Exchange Commission (SEC) on Wednesday, Cathie Wood’s Ark Invest has raised over $16 million in new cryptocurrency funds, which are divided into domestic and Cayman Islands versions. ARK Crypto Revolutions US Fund LLC raised $7281630 from nine investors, while ARK Crypto Revolutions Cayman Fund LLC raised $8993330 from a supporter. Both funds were opened for investment on March 1st, and the figures provided are the total amount sold. For the overall goal, Ark checked “indefinite”, which means that the fund is open ended. Ark Invest has raised over $16 million in new cryptocurrency funds Analysis based on this information:Ark Invest, a prominent investment firm led by Cathie Wood, has raised over $16 million in new cryptocurrency funds. Reports submitted to the Securities and Exchange Commission on Wednesday revealed that the funds are divided into domestic and Cayman Island versions. The ARK Crypto Revolutions US Fund LLC raised $7,281,630 from nine investors, while…

    03/16/2023
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  • Kraken to Close Crypto Pledge Business Following SEC Allegations

    According to reports, according to an industry insider familiar with the situation, Kraken has agreed to close its cryptocurrency pledge business to resolve allegations with the United States Securities and Exchange Commission (SEC). Insider: Kraken has agreed to close the encryption pledge business to resolve the SEC’s allegations Analysis based on this information:Kraken, one of the world’s largest cryptocurrency exchanges, has reportedly agreed to shut down its cryptocurrency pledge business in order to resolve allegations made by the United States Securities and Exchange Commission (SEC). The decision comes on the back of a legal enforcement action filed against the exchange by the SEC in May 2021. According to an industry insider familiar with the situation, Kraken’s cryptocurrency pledge business allowed users to stake their cryptocurrency holdings in exchange for loans. However, the SEC alleges that the exchange failed to register the offering as a securities transaction, violating U.S. securities laws. Kraken, which has previously made a stand against the SEC’s…

    03/16/2023
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  • US Securities and Exchange Commission Set to Strengthen Cybersecurity Protections

    According to reports, the United States Securities and Exchange Commission will vote on new rules and changes to strengthen requirements for cybersecurity, privacy, and technological infrastructure, which officials say may include cryptocurrency. The SEC will vote on proposals for cybersecurity and consumer privacy rules, or involve cryptocurrencies Analysis based on this information:The United States Securities and Exchange Commission (SEC) is reportedly set to vote on new regulations and changes aimed at strengthening the cybersecurity protocols, privacy protections, and technological infrastructure of companies under its purview. Although officials haven’t stated explicitly, these measures may include cryptocurrency, which has emerged as a significant area of vulnerability for the financial sector. Cybersecurity has become a pressing concern for the financial industry in recent years, with numerous high-profile incidents such as the Equifax data breach of 2017 affecting millions of consumers. Given the sensitive nature of financial data, regulators have an important role to play in ensuring that companies are doing everything possible to…

    03/15/2023
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  • Sanjian Capital’s Co-founder Denies Pending Litigation but Faces SEC and CFTC Investigation

    According to reports, Kyle Davies, the co-founder of Sanjian Capital, a closed hedge fund, said that there was no pending litigation or regulatory action against him. Last July, Sanjian Capital filed for bankruptcy. In October this year, the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) launched an investigation on Sanjian Capital because it misled investors in the balance sheet. In December last year, it was reported that the liabilities of Sanjian Capital exceeded US $3 billion, while the assets were only US $1 billion. Davies said that people’s anger stems from the market decline. As far as we are concerned, there are no regulatory actions and lawsuits against us anywhere. According to the previous news, Su Zhu and Kyle Davies, the founders of Sanjian Capital, recently launched Open Exchange (OPNX), a platform that allows users to trade bankruptcy claims and use claims as collateral to trade encrypted derivatives. (CoinDesk) Kyle Davies, co-founder of…

    03/14/2023
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  • Coinbase CLO Pushes for Online Securities while Highlighting Regulatory Challenges

    On March 14, Paul Grewal, chief legal officer of Coinbase, tweeted: “Coinbase has no online securities, but we want to go online. Last year, we even requested the United States Securities and Exchange Commission (SEC) We began to formulate rules on this issue and put forward 50 questions, but we did not receive any reply. Instead of focusing on practical and durable solutions such as rulemaking or registration options, regulators have given priority to such actions that distort the legal definition of investment contracts beyond recognition. The rule of law is very important. The Ministry of Justice admitted this when accusing our former employees and their associates of wire transfer fraud rather than securities fraud. This is reasonable. The reason is simple. The assets involved are not securities. “ Financial officer of Coinbase: The regulatory authority did not focus on practical and durable solutions such as rulemaking or registration options Analysis based on this information:In a recent tweet, Paul Grewal,…

    03/14/2023
    73
  • SEC Concludes Investigation on Bank of Silicon Valley

    21:00-7:00 Key words: Circle, SEC, Bank of Silicon Valley, Nansen
    Overview of important developments overnight on March 12
    Analysis based on this information:
    T

    03/12/2023
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  • United States SEC denies VanEck’s rule change to create Bitcoin Trust

    It is reported that the United States Securities and Exchange Commission (SEC) on March 10 ordered against a rule change that allowed the investment company Van

    03/11/2023
    68
  • SEC Delays Decision on Bitcoin ETF Again – Implications on Crypto Adoption

    21:00-7:00 Key words: SEC, Starbucks, Voyager, Coinbase, Taiko plan
    Overview of important developments overnight on March 10
    Analysis based on this information:

    03/10/2023
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  • SEC Chairman Gary Gensler Calls for Compliance in the Cryptocurrency Market

    According to reports, Gary Gensler, chairman of the Securities and Exchange Commission (SEC), said that since ancient times, the financial world has been based

    03/10/2023
    66
  • The Fallout of Neglecting SEC Compliance: A Lesson for Crypto Startups

    On March 10, it was reported that ParagonCoin, a crypto startup supported by American rapper Jayceon Terrell Taylor (the stage name is The Game), was deregister

    03/10/2023
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  • Regulators Taking Action Swiftly in the Encryption Industry

    According to reports, Mike Belshe, CEO and co-founder of BitGo, said that the short time between the collapse of the FTX exchange in November 2022 and the decis

    03/09/2023
    66
  • Bankruptcy Judge Overrules SEC Objection for Voyager Digital and Binance.US Transaction

    It is reported that the bankruptcy judge of Voyager Digital chose to allow the transaction with Binance.US despite the objection of the United States Securitie…

    03/08/2023
    65
  • United States court may overturn SEC’s decision on grayscale spot Bitcoin ETF

    It is reported that Bitcoin Magazine quoted Bloomberg as saying that the United States court may overturn the SEC\’s rejection of the grayscale spot bitcoin ETF…

    03/08/2023
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  • Grayscale’s Winning Probability Raised by a Senior Litigation Analyst

    It is reported that Eric Balchunas, a senior ETF analyst at Bloomberg, disclosed on social media that our senior litigation analyst raised the winning probabil…

    03/08/2023
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  • Grayscale Victory Against SEC Rejection

    It is reported that James Seyfart, an analyst at Bloomberg ETF, disclosed on social media the debate between Grayscale and the SEC, even though the judge gave …

    03/08/2023
    70
  • Grayscale Investments Challenges SEC’s Rejection of Bitcoin Spot ETF Conversion

    It is reported that the two sides have held a court debate in the District of Columbia Court of Appeal against the rejection of Grayscale Investment\’s applicat…

    03/08/2023
    65
  • US SEC casts doubt on CME tools for monitoring bitcoin fraud

    It is reported that the United States Securities and Exchange Commission: there is no data to show that CME tools can help monitor bitcoin fraud.

    US SE…

    03/08/2023
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  • SEC strengthens its Lash on Cryptocurrency Trading with increased personnel

    It is reported that the United States Securities and Exchange Commission (SEC) is increasing the number of employees and enhancing its ability to review, inves…

    03/07/2023
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