SEC | ForkLog - Part 68

ForkLog 30 23.12.2020

SEC files suit against Ripple

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple. The agency alleges that the California blockchain company sold unregistered securities in the form of XRP tokens to retail investors over seven years.

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ForkLog 17 22.12.2020

Brad Garlinghouse says regulator is preparing an attack on Ripple

The U.S. Securities and Exchange Commission (SEC) is preparing to file a lawsuit against fintech Ripple over alleged unregistered sales of securities in the form of XRP tokens, Fortune reports citing the firm's CEO Brad Garlinghouse.

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ForkLog 22 18.12.2020

Coinbase files for IPO

The largest U.S. cryptocurrency exchange Coinbase filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering via the S-1 form, according to a post on the company’s blog.

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ForkLog 18 17.12.2020

Robinhood to pay $65 million to settle SEC claims

Robinhood agreed, in a pre-litigation settlement, to resolve the dispute with the Securities and Exchange Commission (SEC), paying $65 million. The regulator accused the crypto-friendly platform of misleading users by asserting that it did not charge trading commissions.

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ForkLog 12 14.12.2020

U.S. court orders ICO startup Blockvest to pay $696,000

The U.S. Securities and Exchange Commission (SEC) won the case against Blockvest LLC, an ICO startup, and its founder Reginald Buddy Ringold, also known as Rasul Abdul Rahim El. Law360 reports.

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ForkLog 15 11.12.2020

SEC Commissioner Hester Peirce urges regulators not to curb the crypto industry’s potential

Regulators should find ways to embrace the principles of personal liberty underlying digital assets and reject overly burdensome rules. This was stated by SEC Commissioner Hester Peirce, The Block reports.

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ForkLog 13 09.12.2020

Blockstack: STX tokens will cease to be securities after the Stacks 2.0 launch

After the launch of the Stacks 2.0 blockchain in January 2021, the U.S. Securities and Exchange Commission (SEC) will no longer be able to regard STX as a security, and exchanges will list it, said the New York startup Blockstack.

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ForkLog 23 03.12.2020

SEC Commissioner Hester Peirce: Crypto industries need ‘progressive’ rules

The U.S. Securities and Exchange Commission (SEC) will not manage to fold digital assets into the regulatory framework, and the experience of Wyoming’s 'extremely progressive' state banking board may come in handy. This view was expressed by Hester Peirce, the SEC commissioner known as the 'crypto mom'.

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ForkLog 20 26.11.2020

US spy chief warns of China’s dominance in digital currencies

The director of the U.S. National Intelligence John Ratcliffe urged SEC chair Jay Clayton to discuss the threat posed by China, which has been increasing its activity in the cryptocurrency space. The appeal is contained in a letter that came into the possession of the Washington Examiner.

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ForkLog 16 20.11.2020

SEC Chair Outlines Why Bitcoin Is Rising

The head of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, told CNBC that interest in the first cryptocurrency is based on the 'inefficiencies' of current payment systems.

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ForkLog 18 16.11.2020

US SEC chief Jay Clayton to step down by year-end

The chair of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, confirmed that he will leave the post at the end of 2020 after three and a half years in office, according to the agency's statement.

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ForkLog 13 12.11.2020

In the past year, the SEC collected more than $4.68 billion in penalties for unregistered ICOs

The U.S. Securities and Exchange Commission (SEC) collected more than $4.68 billion in penalties and fines. A quarter of this amount — $1.26 billion — came from Telegram's ICO and token sales by cryptocurrency companies, according to the 2020 annual report.

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