SEC Chair Promises Strict Action Against Non-Compliant Crypto Firms
According to a report, SEC Chair Gary Gensler is not happy with the attitude of companies involved in the cryptocurrency industry as they are not following the agency’s regulatory expectations.
Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says ‘I Wouldn’t Touch Crypto in a Million Years’
The host of CNBC’s Mad Money show, Jim Cramer, has issued more warnings about cryptocurrency. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He said on CNBC Friday:
Pro-Ripple Attorney Says SEC Lost Its Privilege Over Hinman’s Documents
Hogan & Hogan law firm partner attorney Jeremy Hogan reiterates that the Securities and Exchange Commission has lost its “privilege” argument over the drafts of Director William Hinman’s June 2018 controversial speech.
SEC Not Buying “Proof of Reserves” by Crypto Exchanges? Chief Warns Crypto Companies
The year 2022 has been a roller coaster ride for the cryptocurrency sector. Beginning with the collapse of the Terra ecosystem in May to the recent debacle of the FTX crypto exchange, the market has gone through it all. These catastrophic events have further motivated the U.S. SEC to take a stricter stance on crypto-related firms and crypto assets as a whole.
SEC Will Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the SEC chief said: “Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws.”
SEC General Counsel Announces Departure From Public Service
Dan Berkovitz, general counsel for the United States Securities and Exchange Commission, said he will be leaving the agency after more than a year.
SEC Still Shielding Hinman Docs While Whales Move 275 Million XRP
Ripple and US SEC filed their motion to seal several documents linked to the motions for Summary Judgement. However, filings suggest that the commission is still in pursuit of shielding the vital Hinman documents. Meanwhile, crypto whales are still moving millions of XRP tokens.
Outgoing Top SEC Lawyer Dined With SBF During FTX Lobbying Spree
Securities and Exchange Commission (SEC) general counsel Dan Berkovitz reportedly dined with disgraced former FTX CEO Sam Bankman-Fried at an elite Indian restaurant in October last year.
Ripple General Counsel: SEC Finally Admits FTX Customers’ Assets Were Used to Bail Out BlockFi
Ripple’s general counsel Stuart Alderoty has made an important discovery in the SEC’s recently filed charges against FTX and Alameda Research execs. According to Alderoty, the Securities and Exchange Commission recently admitted that FTX and Alameda Research execs – Sam Bankman-Fried and Caroline Ellison – used customers’ assets to bail out embattled cryptocurrency lender BlockFi.
SEC Increasing Scrutiny of Crypto ‘Proof-of-Reserves’
The U.S. Securities and Exchange Commission's acting chief accountant, Paul Munter, warned investors to put little faith in crypto companies' proof-of-reserves.
