SEC Calls FTT a Security, What Are the Impacts on Other Cryptos and Exchanges?
SEC calls FTX's native token FTT a security, what's the impact on other cryptos and exchanges? What other cryptos are considered securities by SEC? What would happen if cryptos are securities?
Ripple Seeks to Protect Its Confidential Business Information in Ongoing Lawsuit Against the SEC
Leading blockchain company Ripple has filed an omnibus motion to seal certain documents in connection with the summary judgment motion filed by the parties on September 13, October 18, and November 30.
Be ‘Very Wary’ of Crypto Proof-of-Reserve Audits: SEC Official
A senior official from the United States Securities and Exchange Commission has warned investors to be “very wary” about relying on a crypto company’s “proof-of-reserves.” “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” said SEC’s acting chief accountant Paul Munter in a Dec. 22 interview with The Wall Street Journal. (Cointelegraph)
SEC Says Ellison, Wang ‘Knew or Were Reckless in Not Knowing’ About FTX Fraud
The most common phrase found in the SEC’s 38-page complaint alleges that various FTX and Alameda employees either “knew, or were reckless in not knowing” what was actually happening between the two companies.
Attorney Drops New Schedule In Ripple Lawsuit
The long running lawsuit between US SEC and Ripple is yet to receive summary judgment after a complete deposition by all parties. However, Attorney James Filan has dropped an updated schedule of the XRP lawsuit after Ripple and SEC asked the court to extend a deadline.
U.S. SEC Labels FTX Token (FTT) as Security
The United States Securities and Exchange Commission (SEC) has classified FTX Token (FTT), the native cryptocurrency of digital asset exchange FTX, as security.
Breaking: US SEC Sets Eyes On Audit Firms Working With Crypto Companies
The U.S. Securities and Exchange Commission (SEC) will increase scrutiny of audit firms working on audits for crypto companies. The SEC expressed concerns over investors getting false reassurance from auditing reports, risking exposure to cryptocurrencies.
SEC Charges Thor Token Creators for $2.6m ICO
The United States Securities and Exchange Commission (SEC) announced on Wednesday that it charged Thor Technologies, Inc. and its co-founders with conducting an unregistered sale of securities in the form of an initial coin offering (ICO).
SEC Heightening Scrutiny of Auditors’ Crypto Work
The Securities and Exchange Commission is stepping up scrutiny of the work that audit firms are doing for cryptocurrency companies, concerned that investors may be getting a false sense of reassurance from the firms’ reports, a senior official at the regulator said.
Ripple Counsel Claims ‘SEC Has Lost The Plot Line’ On Caroline Ellison Charges
U.S. Securities and Exchange Commission (SEC) on Wednesday charged the Former CEO of Alameda Research and former CTO of FTX, Zixiao Wang for their roles in a marathon defraud scheme. However, Ripple’s General Counsel has claimed that the SEC has lost the plot line in the Sam Bankman-Fried (SBF) led collapse in the crypto market.
