Coinbase’s Chief Legal Officer Shades SEC, Deaton Responds
Grewal faults the SEC’s claim that most crypto assets are securities.
SEC Racks up 50% Increase in Crypto Enforcement Actions in 2022: Report
The Securities and Exchange Commission brought a record number of crypto-related enforcement actions last year, up 50% from 2021, according to a new report from consulting firm Cornerstone Research. Last year's record of 30 crypto-related enforcement actions was second only to 2020, when the SEC brought 29 such actions. The most frequent allegations were fraud and unregistered securities, the firm found. Of those 30 enforcement actions, 70% alleged fraud, 73% alleged an unregistered securities offering and 50% alleged both. (The Block)
Former SEC Official’s Crypto Warning: Regulatory Onslaught Is Just Beginning
The Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned the crypto industry that a “regulatory onslaught is just beginning.” His warning followed several recent enforcement actions the securities regulator took against major crypto firms.
Federal Consumer Protection Watchdog Stakes Out Crypto Turf in SEC Shadow
The U.S. Consumer Financial Protection Bureau, which is tasked with overseeing a hodgepodge of financial service providers including payment companies, appears to be taking a fresh look at crypto regulation despite earlier inertia.
“Crypto is now becoming a vehicle of choice," agency director Rohit Chopra told the progressive think tank Americans for Financial Reform last month, noting the potential for fraud that could occur in the sector. "I really want to be sure that we are thinking about digital currencies in the context of real-time payments."
SEC Reportedly Leaked Crypto Miners’ Personal Information During Investigation
According to a Jan. 17 report from the Washington Examiner, the SEC unintentionally included 650 names and email addresses in an email communication with Green as part of an investigation, leaving the blockchain’s nodes vulnerable to hacks. The financial regulator had reportedly been reaching out to Green users regarding their purchase of the firm’s products.
SEC Chairman Warns Most Crypto Will Fail — Says 'Don't Get Caught up in FOMO, Fear of Missing Out'
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that most crypto tokens will fail. He has urged investors not to “get caught up in the FOMO, the fear of missing out,” emphasizing that crypto is a highly speculative, non-compliant asset class.
SEC Files Motion To Exclude Testimonies of 10 Ripple Experts
The SEC has filed an omnibus motion to exclude the testimonies of 10 Ripple experts in the ongoing lawsuit.
Former SEC Enforcement Attorney Explains Why “Bitcoin’s Price Is Rising”
Bitcoin’s price is suddenly shooting up like a rocket for one obvious reason: Market Manipulation.
Former SEC Enforcement Chief “Puzzled” by Its Delayed Action Against Gemini, XRP Community Reacts
Former US Securities and Exchange Commission enforcement chief Lisa Braganca has let slip that she is “puzzled” by the regulator’s delayed enforcement action against Gemini.
Grayscale Sends Reply Brief to SEC in ETF Suit
Grayscale responded to the denial in court by claiming that the SEC had acted arbitrarily in treating spot traded exchange-traded products differently than futures traded products. It stated:
