The SEC Is Abandoning Its Biggest Crypto Lawsuits
55 years, 2 months ago

The SEC Is Abandoning Its Biggest Crypto Lawsuits

Wired  

The US Securities and Exchange Commission is backing away, one by one, from the volley of lawsuits and investigations it brought against cryptocurrency businesses under the Joe Biden administration, in a reversal described by a former attorney at the regulatory agency as “unprecedented.” In the weeks since Donald Trump returned to the White House, the SEC has wasted no time in overhauling its crypto division. The day after the inauguration, the agency established a “crypto task force” responsible for developing a “comprehensive and clear regulatory framework for crypto assets.” Then, the SEC rebranded its crypto investigations branch into a smaller-scale “cyber and emerging technology unit.” On February 13, a federal judge granted a joint request by the SEC and Binance, the world’s largest crypto exchange, to pause their ongoing litigation while they await new rules from the crypto task force. In the last week alone, the SEC agreed to drop its lawsuit against crypto exchange Coinbase outright, while trading platforms Robinhood and Uniswap, nonfungible token marketplace OpenSea, and crypto software company Consensys all celebrated the apparent end of SEC investigations into their respective crypto activities. The recalibration of the SEC’s previously adversarial stance toward crypto is meant to afford companies the “freedom to experiment and build interesting things,” said SEC commissioner Hester Peirce in a recent statement, while still shielding investors from fraud.

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History of this topic

XRP jumps 8% after Ripple’s CEO says SEC has dropped its case against the crypto currency
4 days, 20 hours ago

XRP jumps 8% after Ripple’s CEO says SEC has dropped its case against the crypto currency

Associated Press  

BANGKOK — The price of XRP jumped more than 8% Thursday after the CEO of cryptocurrency company Ripple said U.S. regulators have dropped its four-year-old case against the company. “It’s over.” The SEC has not confirmed its decision to withdraw the case against Ripple, yet other crypto companies have already announced that the SEC under the Trump administration has dropped …

Trump agencies drop dozens of Biden-era cases against crypto, other companies
3 weeks ago

Trump agencies drop dozens of Biden-era cases against crypto, other companies

NPR  

Trump agencies drop dozens of Biden-era cases against crypto, other companies toggle caption Andrew Harnik/Getty Images A new watchdog report warns that the Trump administration is "going soft" on corporations that break the law by moving to pause or drop investigations of companies accused of foreign bribery, safety violations, unfair labor practices and environmental crimes. Sponsor Message "Trump is handing …

Justin Sun, investor in Trump-backed crypto business, gets break in fraud case
3 weeks ago

Justin Sun, investor in Trump-backed crypto business, gets break in fraud case

Salon  

Justin Sun spent the remaining months of 2024 purchasing a duct-taped banana for $6.2 million and pumping millions more into a crypto business launched by the Trumps. Last week, lawyers for the SEC and Sun asked a federal judge to pause the civil fraud case "to allow the parties to explore a potential resolution,” according to media outlets that cited …

"Radical turnabout": Coinbase lawsuit to be dropped by SEC
3 weeks ago

"Radical turnabout": Coinbase lawsuit to be dropped by SEC

Salon  

The Securities and Exchange Commission has agreed to dismiss its case against cryptocurrency exchange platform Coinbase, signaling a shift toward federal deregulation and a key victory for the crypto industry since President Trump took office. Trump, who said in his first administration that crypto's "value is highly volatile and based on thin air," reversed course last year and portrayed himself …

Robinhood says SEC has closed its investigation into the company
1 month ago

Robinhood says SEC has closed its investigation into the company

Associated Press  

Lawsuits filed against cryptocurrency platforms during President Joe Biden’s administration continue to fall away as the administration of President Donald Trump has projected a much more lenient stance on cryptocurrency markets. “Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities,” Dan Gallagher, chief legal, compliance and corporate affairs officer at Robinhood Markets, …

Coinbase says SEC has agreed to dismiss case against it, pending commission approval
1 month ago

Coinbase says SEC has agreed to dismiss case against it, pending commission approval

Associated Press  

Coinbase says the Securities and Exchange Commission has dismissed its case against the cryptocurrency platform, pending commission approval. In its complaint, the SEC said Coinbase made billions acting as the middle man for cryptocurrency buyers and sellers but did not give investors lawful protections while acting as a broker. On Friday Coinbase posted on the social media platform X, claiming …

Coinbase says SEC will drop case that ‘could have killed the crypto industry in America’
1 month ago

Coinbase says SEC will drop case that ‘could have killed the crypto industry in America’

CNN  

CNN — Coinbase, America’s largest cryptocurrency exchange, said Friday that the Trump administration has agreed to drop a major lawsuit that would have broad ramifications for the crypto industry. In its lawsuit, the SEC had claimed Coinbase unlawfully made billions of dollars by acting as an exchange, broker, and clearing agency “without having registered any of those functions with the …

Chokepoint 2.0: An Investigation Promises the Truth About Crypto's Biggest Conspiracy
55 years, 2 months ago

Chokepoint 2.0: An Investigation Promises the Truth About Crypto's Biggest Conspiracy

Wired  

Last spring, Austin Federa was eyeing up a new property in Brooklyn, New York. That’s a major problem: Without a banking partner, crypto firms cannot accept dollars in exchange for services, store funds raised from investors, nor pay employees or vendors. Large US banks have been reluctant to do business with crypto firms for many years; in 2017, the JP …

Emboldened crypto industry seeks to cement political influence and mainstream acceptance
1 month, 1 week ago

Emboldened crypto industry seeks to cement political influence and mainstream acceptance

Associated Press  

When the Trump administration’s crypto czar, David Sacks, recently held a news conference to announce a new congressional working group to advance cryptocurrency regulation, many digital asset enthusiasts were unimpressed and underwhelmed. “Time is critical,” Ji Hun Kim, president and acting CEO at the Crypto Council for Innovation said at a recent House committee hearing titled: “A Golden Age of …

SEC requests a pause in legal battle with Binance as the agency adapts a crypto-friendly stance
1 month, 1 week ago

SEC requests a pause in legal battle with Binance as the agency adapts a crypto-friendly stance

Associated Press  

The U.S. Securities and Exchange Commission is seeking to pause its high-profile lawsuit against the cryptocurrency exchange Binance as the regulator tries to present itself as more crypto-friendly under a new administration. The regulator said the work of a new crypto task force launched by Acting Chairman Mark Uyeda that’s supposed to improve ties to the crypto industry “may impact …

In change in crypto enforcement, SEC and Binance seek pause in lawsuit
Trending News
1 month, 2 weeks ago

In change in crypto enforcement, SEC and Binance seek pause in lawsuit

Al Jazeera  

The joint motion is first clear effort to retreat from the US regulator’s previous crypto enforcement under Democratic leadership. The motion to request a stay for 60 days marks the first clear effort to retreat from the SEC’s previous crypto enforcement under Democratic leadership. In a joint motion filed late on Monday, the parties said the SEC’s task force, formed …

Court tells SEC to lay out why it has declined Coinbase’s request for crypto regulations
2 months, 1 week ago

Court tells SEC to lay out why it has declined Coinbase’s request for crypto regulations

Associated Press  

HARRSIBURG, Pa. — A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset sector — although the judges stopped short of reversing the agency’s decision. Asked for comment, a Coinbase spokeswoman pointed out a post on X by …

Under Trump, expect a crypto, corporate-friendly SEC — with costs
2 months, 3 weeks ago

Under Trump, expect a crypto, corporate-friendly SEC — with costs

Salon  

When you hear "SEC", your first thought might be about a powerhouse college football conference. "Right now, with a lack of a stronger regulatory framework with respect to digital assets, really what you're relying on is a mishmash of rulings from U.S. district courts throughout the country," Groth said. The SEC could provide "a framework so that for businesses and …

Crypto has a chance to join polite society — if it can get out of its own way
3 months ago

Crypto has a chance to join polite society — if it can get out of its own way

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. A court effectively forced the Securities and Exchange Commission to approve a new financial product that the crypto industry had been pushing for years, known as spot bitcoin ETFs, or exchange-traded funds. In short, these ETFs made it easier for traditional investors to gain exposure to bitcoin’s price movements …

Trump's SEC pick offers stark new reality for Wall Street: easier oversight
3 months, 2 weeks ago

Trump's SEC pick offers stark new reality for Wall Street: easier oversight

Politico  

“Paul knows the SEC better than anyone, and now, he’ll have the opportunity to implement his vision,” said Justin Daly, a former SEC official and congressional staffer who has known Atkins for two decades. “He will hit the ground running.” The SEC’s looming pullback underscores the stark new reality that awaits Wall Street, crypto and the broader business world when …

Crypto spent big on the election — now they're outlining the 'payout they’re looking for'
3 months, 3 weeks ago

Crypto spent big on the election — now they're outlining the 'payout they’re looking for'

Raw Story  

NOTUS reporter Claire Heddles on Tuesday flagged a new "industry association letter" from the cryptocurrency industry to President-elect Donald Trump and Congress, which discusses their expectations for the future. In the letter from Blockchain and Associates, the group lists its demands "during your first 100 days," saying that "there are five immediate steps that can be taken to support the …

SEC Chair Gary Gensler, who took aim at crypto industry, to step down in January
Trending News
4 months ago

SEC Chair Gary Gensler, who took aim at crypto industry, to step down in January

NPR  

SEC Chair Gary Gensler, who took aim at crypto industry, to step down in January Gary Gensler, the U.S. financial regulator who crypto investors loved to hate, will leave the Securities and Exchange Commission on Jan. 20, the agency announced on Thursday. "The SEC has met our mission and enforced the law without fear or favor," Gensler said in a …

SEC Chair Gary Gensler stepping down as crypto industry pushes for friendlier agency
4 months ago

SEC Chair Gary Gensler stepping down as crypto industry pushes for friendlier agency

Salon  

Securities and Exchange Commission Chair Gary Gensler plans to resign on Jan. 20, a decision that paves the way for President-elect Donald Trump to reshape the agency into a more favorable environment for crypto and Wall Street. Candidates under consideration have included Daniel Gallagher, a former SEC official now at financial services firm Robinhood, and current Republican SEC commissioners Hester …

Crypto enforcement seen slowing as Trump shifts priorities
4 months, 1 week ago

Crypto enforcement seen slowing as Trump shifts priorities

Hindustan Times  

By Luc Cohen and Chris Prentice Crypto enforcement seen slowing as Trump shifts priorities NEW YORK -Less enforcement in the cryptocurrency sector is on the horizon, as Republican President-elect Donald Trump prepares to reset policy at the Justice Department and regulatory agencies, current and former senior government lawyers said on Friday. Speaking at a conference in New York, the lawyers …

Why crypto mania is reaching new heights
4 months, 1 week ago

Why crypto mania is reaching new heights

Live Mint  

Donald Trump’s victory has a flavour of revenge—not just for the man but also for crypto bros and their assets of choice. Over the course of election night, as it became clear Mr Trump had won America’s presidential election, the price of bitcoin, the most widely traded cryptocurrency, jumped by 10%. The mood music during the campaign is one reason …

SEC's crypto regulations to see significant cuts under Trump as commission’s top boss looks at exit
4 months, 2 weeks ago

SEC's crypto regulations to see significant cuts under Trump as commission’s top boss looks at exit

Firstpost  

Trump has made his position on Gary Gensler crystal clear. During a Bitcoin event in Nashville, he promised to dismiss the SEC Chair on his first day back in office A new SEC Chair under Trump’s administration could aim to simplify rules for digital assets, moving away from outdated laws and toward more practical regulations that acknowledge the unique aspects …

US House passes crypto bill despite warnings from SEC
10 months ago

US House passes crypto bill despite warnings from SEC

The Hindu  

The U.S. House of Representatives on Wednesday passed a bill that aims to create a new legal framework for digital currencies, despite an unusual warning from the U.S. securities regulator it could create new financial risks. But SEC Chair Gary Gensler said in a statement that the bill "would create new regulatory gaps and undermine decades of precedent regarding the …

Robinhood Markets receives SEC notice for alleged securities violations at crypto unit
10 months, 2 weeks ago

Robinhood Markets receives SEC notice for alleged securities violations at crypto unit

Associated Press  

Robinhood Markets Inc. has received a notice from the Securities and Exchange Commission about alleged securities violations at its crypto division. Last week the crypto division received a Wells notice from SEC staff advising the unit that a preliminary determination was made to recommend that the SEC file an enforcement action against Robinhood Crypto for alleged securities violations. “After years …

Ethereum’s Cofounder Says SEC Is ‘Gaslighting’ Everyone About Crypto
10 months, 2 weeks ago

Ethereum’s Cofounder Says SEC Is ‘Gaslighting’ Everyone About Crypto

Wired  

Joe Lubin is in a fight with the Securities and Exchange Commission. The complaint accuses the regulator of an “unlawful seizure of authority over ETH,” which “bears none of the attributes of a security”—the specific type of financial instrument over which the SEC has dominion. In its Wells Notice, the SEC stopped short of calling ETH itself a security, says …

The Crypto Bros Are Back—and They Have a Dangerous Political Goal
10 months, 3 weeks ago

The Crypto Bros Are Back—and They Have a Dangerous Political Goal

Slate  

After the spectacular fall of FTX CEO Sam Bankman-Fried, you might have expected the embattled cryptocurrency sector, and its sophisticated lobbying operations, to have ground to a halt. The then-nascent Biden administration had already turned its attention to crypto regulation, with the SEC lodging its securities charges against Ripple in February of that year—while also approving crypto exchange Coinbase’s request …

Column: The legal system is closing in on crypto, and things may only get worse
11 months, 2 weeks ago

Column: The legal system is closing in on crypto, and things may only get worse

LA Times  

Crypto fraudster Sam Bankman-Fried is screened in a New York courtroom as he prepared to face charges related to the collapse of his FTX crypto exchange. What’s important about Failla’s ruling is that she dismissed out of hand Coinbase’s argument, which is that cryptocurrencies are novel assets that don’t fall within the SEC’s jurisdiction — in short, they’re not “securities.” …

The Last Man Standing in Crypto
1 year, 2 months ago

The Last Man Standing in Crypto

Live Mint  

Coinbase Global, the cryptocurrency exchange he co-founded in 2012, is one of the last big digital-asset companies standing after a string of high-profile collapses and government crackdowns. Assuming the judge allows the SEC’s suit to go forward, the company could litigate it into 2025 or longer before any trial is held, Paul Grewal, Coinbase’s chief legal officer, said in an …

Regulators and law enforcement crack down on crypto’s bad actors. Congress has yet to take action
1 year, 4 months ago

Regulators and law enforcement crack down on crypto’s bad actors. Congress has yet to take action

Associated Press  

WASHINGTON — While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry. U.S. Treasury Secretary Janet Yellen said Tuesday that existing regulations already apply to cryptocurrency at a news conference announcing the $4 billion settlement with Binance: “I think today’s actions …

Binance, CEO Zhao to seek dismissal of US watchdog’s complaint
1 year, 8 months ago

Binance, CEO Zhao to seek dismissal of US watchdog’s complaint

Al Jazeera  

Binance and its CEO and founder Changpeng Zhao are planning to seek the dismissal of a US Commodity Futures Trading Commission complaint accusing the crypto exchange of violating the United States Commodity Exchange Act and certain related federal regulations. The CFTC in March sued Binance, the world’s biggest crypto exchange, and Zhao for operating what the regulator alleged was an …

Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges
1 year, 9 months ago

Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.S. Securities and Exchange …

Crypto giant Binance's U.S. affiliate fires staff after SEC charges
1 year, 9 months ago

Crypto giant Binance's U.S. affiliate fires staff after SEC charges

The Hindu  

The U.S. affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees' social media posts. The SEC on June 5 accused Binance and its founder and CEO Changpeng Zhao of creating Binance.US …

SEC lawsuits against cryptocurrency companies raise questions about industry’s future
1 year, 9 months ago

SEC lawsuits against cryptocurrency companies raise questions about industry’s future

Associated Press  

WASHINGTON — First came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits. SEC Chair Gary Gensler told Bloomberg on Tuesday: “We don’t need more digital currency … we already have digital currency — it’s called the U.S. dollar.” What results from the legal battle could greatly diminish the growth of the …

SEC lawsuits against cryptocurrency companies raise questions about industry's future
1 year, 9 months ago

SEC lawsuits against cryptocurrency companies raise questions about industry's future

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. SEC Chair Gary Gensler told …

Regulators put the future of America’s crypto industry in doubt
1 year, 9 months ago

Regulators put the future of America’s crypto industry in doubt

Hindustan Times  

Taylor Swift’s record-smashing “Eras” tour could end up being one of the most lucrative in musical history, possibly even minting the world’s newest billionaire. When courted to invest in FTX, a now-defunct crypto exchange, she reportedly balked: “Can you tell me that these are not unregistered securities?” American regulators are asking similar questions. On June 6th the Securities and Exchange …

'Customers' Funds Are Safe': Coinbase CEO Brian Armstrong Responds To US SEC Lawsuit
1 year, 9 months ago

'Customers' Funds Are Safe': Coinbase CEO Brian Armstrong Responds To US SEC Lawsuit

ABP News  

Coinbase CEO Brian Armstrong responded to US Securities & Exchange Commission Chair Gary Gensler's lawsuit against the crypto exchange, referring to him as an "exception" and reassuring customers about the safety of their funds. In a separate lawsuit, the SEC sued Binance, the largest cryptocurrency exchange globally, accusing it of selling unregistered cryptocurrency products, inflating trading volumes, and failing to …

Explained | Why is the U.S. SEC cracking down on crypto exchanges?
1 year, 9 months ago

Explained | Why is the U.S. SEC cracking down on crypto exchanges?

The Hindu  

The story so far: The U.S. Securities and Exchange Commission is cracking down on cryptocurrency exchanges. Binance stressed its intention to defend itself “vigorously.” It pointed out that as a U.S. regulator, the SEC’s control over the trading platform was limited because Binance was not a U.S. company. “Any allegations that user assets on the Binance.US platform have ever been …

U.S. steps up crypto crackdown with Coinbase suit
1 year, 9 months ago

U.S. steps up crypto crackdown with Coinbase suit

The Hindu  

In their second major action against a big crypto player in two days, U.S. regulators sued Coinbase on Tuesday, alleging its failure to register as a securities exchange venue exposed investors to risk. The Securities and Exchange Commission charged that the largest digital currency trading platform in the United States had made billions of dollars by "unlawfully facilitating the buying …

Securities cases against Binance and Coinbase could transform US securities jurisdiction in cryptocurrency
1 year, 9 months ago

Securities cases against Binance and Coinbase could transform US securities jurisdiction in cryptocurrency

ABC  

The top US securities regulator has sued cryptocurrency platform Coinbase. Key points: Binance is the latest cryptocurrency to be targeted by the US Securities and Exchange Commission The industry has argued tokens do not constitute securities and should not be regulated by the SEC SEC argues the whole business model is built on 'non-compliance' It is the second lawsuit in …

Coinbase and Binance SEC lawsuits: How the feds are strangling crypto.
1 year, 9 months ago

Coinbase and Binance SEC lawsuits: How the feds are strangling crypto.

Slate  

Another day, another crackdown from the federal government on the cryptocurrency industry. Also on Tuesday, Coinbase chief legal officer Paul Singh Grewal testified in front of the House Agriculture Committee on “the future of digital assets” as well as a pending Republican-backed bill that, if passed, would allow certain digital currencies to be defined as commodities instead of securities, thus …

Coinbase and Binance Lawsuits Put Crypto on Ice
55 years, 2 months ago

Coinbase and Binance Lawsuits Put Crypto on Ice

Wired  

This tension—over the interpretation of existing securities laws and whether they apply to crypto—will form the center of the case to come, says Noelle Acheson, an independent crypto analyst. But the demand creates a catch-22 of sorts that threatens viability in the US of crypto assets that are deemed securities: Gensler demands that crypto exchanges register with the SEC, but …

Coinbase targeted by SEC in latest shot at crypto firms for allegedly skirting securities laws
1 year, 9 months ago

Coinbase targeted by SEC in latest shot at crypto firms for allegedly skirting securities laws

Associated Press  

NEW YORK — Coinbase has been targeted by U.S. regulators in a new lawsuit Tuesday that alleges the cryptocurrency platform is operating as an unregistered securities platform and brokerage service. The lawsuit from the Securities and Exchange Commission comes only a day after it filed charges against Binance, the world’s largest crypto exchange, and its founder Changpeng Zhao are accused …

SEC brings charges against cryptocurrency trading platform Coinbase
1 year, 9 months ago

SEC brings charges against cryptocurrency trading platform Coinbase

LA Times  

The Securities and Exchange Commission is charging Coinbase for operating its crypto asset trading platform as an unregistered national securities broker and failing to register its crypto asset staking-as-a-service program. “Coinbase has for years defied the regulatory structures and evaded the disclosure requirements that Congress and the SEC have constructed for the protection of the national securities markets and investors,” …

World's largest crypto platform Binance charged by US regulator
1 year, 9 months ago

World's largest crypto platform Binance charged by US regulator

India TV News  

The largest crypto trading platform in the world, Binance.com, and its founder, Changpeng Zhao, have been charged by a US regulator with a variety of securities law violations. The US' Securities and Exchange Commission in a statement on Monday said Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion …

Binance Is in Deep Trouble
55 years, 2 months ago

Binance Is in Deep Trouble

Wired  

It’s no secret that the US Securities and Exchange Commission has been investigating Binance, the world’s largest crypto exchange—which has no head office or formal address but processes $12 billion worth of cryptocurrency transactions per day. Among other allegations, the SEC claims that Binance and the company’s CEO and founder, Changpeng Zhao, had the freedom to “divert customer assets as …

SEC says crypto firm Binance mishandled funds, violated securities laws
1 year, 9 months ago

SEC says crypto firm Binance mishandled funds, violated securities laws

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The world's largest cryptocurrency exchange …

U.S. SEC sues Binance, founder Zhao alleging securities law violations
1 year, 9 months ago

U.S. SEC sues Binance, founder Zhao alleging securities law violations

The Hindu  

The world's largest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Securities and Exchange Commission on Monday for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls, as well as for operating an unregistered securities exchange. The SEC’s complaint, filed in federal court in Washington, D.C., …

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit
1 year, 9 months ago

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit

NPR  

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit Enlarge this image toggle caption Patricia De Melo Moreira/AFP via Getty Images Patricia De Melo Moreira/AFP via Getty Images U.S. regulators are targeting more giants in the world of crypto. On Monday, it filed 13 charges against Binance, which operates the world's top crypto exchange, as well …

Binance accused in SEC lawsuit of mishandling funds, violating securities laws
1 year, 9 months ago

Binance accused in SEC lawsuit of mishandling funds, violating securities laws

LA Times  

Binance and its founder Changpeng Zhao, seen during a Zoom call, are being sued by the U.S. Securities and Exchange Commission. Binance, the world’s largest cryptocurrency exchange, and founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit by the Securities and Exchange Commission. The …

An SEC Dissenter Says the Regulator Must Ease Off Crypto
1 year, 10 months ago

An SEC Dissenter Says the Regulator Must Ease Off Crypto

Wired  

Something needs to be done about crypto. Under chair Gary Gensler, the SEC in particular has gone after the sector with new intensity since the implosion of crypto exchange FTX in November, launching or threatening enforcement actions against big-name crypto businesses, from Gemini and Genesis to Kraken and Coinbase. She says the SEC’s actions have been driven by what she …

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