SEC | ForkLog - Part 43

ForkLog 38 13.01.2023

SEC accuses Gemini of selling unregistered securities

The bitcoin exchange Gemini and the crypto-lending platform Genesis Global Capital sold unregistered securities in the Earn program, according to a lawsuit by the U.S. Securities and Exchange Commission (SEC).

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ForkLog 25 26.12.2022

SEC files suit against Thor Technologies ICO organisers

The U.S. Securities and Exchange Commission (SEC) charged the Thor Technologies project, CEO David Chin, and former CTO Matthew Moravek with an unregistered securities offering of $2.6 million. The suit was filed in the Northern District of California.

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ForkLog 10 26.12.2022

SEC seeks to seal documents in Ripple case

The U.S. Securities and Exchange Commission (SEC) has filed a petition to seal certain documents in the Ripple case, according to attorney James Filan.

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ForkLog 8 23.12.2022

DeFi critic Dan Berkovitz to step down as SEC general counsel

SEC General Counsel Dan Berkovitz will step down on January 31, 2023, according to the agency's website.

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ForkLog 18 23.12.2022

SEC urges investors not to trust Bitcoin-exchange audits

Investors should "be very careful" about audits of cryptocurrency exchange reserves. This view was expressed by acting SEC Chief Accountant Paul Munter in an interview with The Wall Street Journal.

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ForkLog 16 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 14 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 17 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 11 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 20 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 9 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 7 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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