Solana Community Considers Forking to Avoid SEC Regulatory Issues
The Solana (SOL) token has experienced a significant drop in price, losing around 30% of its value in the last seven days. This is due to the US Securities and Exchange Commission (SEC) classifying SOL and other altcoins as securities in its lawsuits against Coinbase and Binance US.
Binance CEO CZ Discusses Market Recovery, FTX Collapse, and SEC Charges in Recent Podcast
Binance CEO Changpeng "CZ" Zhao spoke about various topics related to the crypto market on a recent podcast. He believes that while customers remain cautious, the crypto market seems to be recovering from the bear market of 2022.
Everything You Need to Know About the Regulatory War On Crypto
Dear Investors, It has been a tumultuous week as both Binance and Coinbase faced legal actions from the SEC and the CFTC, while the possibility of further action from the DOJ remains imminent. “King Gensler.” Source: Crypto A.M. Before we dive, let’s do a quick review of what these agencies actually do.
2022 Annual Report: SEC’s Total Assets Increased by $1.9 Billion, Most of Which Was Forfeited Income
According to the 2022 annual report, the SEC's total assets increased from $12.2 billion to $14.1 billion, an increase of $1.9 billion, and accounts receivable increased by $1.5 billion, most of which was forfeited income.
Mark Cuban Criticizes SEC for Lack of Clear Registration Process for Cryptocurrency Firms
Billionaire investor Mark Cuban has criticized the United States Securities and Exchange Commission (SEC) for not providing a clear registration process for cryptocurrency firms.
SEC Crackdown on Cryptocurrency Exchanges Causes ALGO and FLOW to Plummet to All-Time Lows
The SEC's recent enforcement actions against major cryptocurrency exchanges have had a significant impact on the market, with several cryptocurrencies, including ALGO and FLOW, being identified as unregistered securities and experiencing sharp drops in value. ALGO and FLOW both reached all-time lows over the weekend, with prices plummeting by over 28% in just seven days.
Cryptocurrency Organizations Dispute SEC's Claims that SOL, MATIC, and ADA are Securities
Several cryptocurrency organizations have responded to the SEC's claims that SOL, MATIC, and ADA are securities being traded on non-compliant crypto exchanges. The tokens have a combined market capitalization of over $21 billion but have fallen around 30% each over the past seven days.
SEC Lawsuit Triggers Major Decline in Blockchain Tokens
Over the past 24 hours, major blockchain tokens have experienced a significant drop of over 20%, following allegations by the SEC that 13 tokens are securities. Solana and Cardano saw the most significant losses, dropping up to 25% in a short period. Speculation suggests a major crypto fund may have offloaded its holdings during these illiquid market conditions.
Venture Capitalist Doubles Down on Solana and Cosmos, Says 2024 Redemption Arc Incoming
Chris Burniske, a crypto investor and partner at venture capital firm Placeholder, remains bullish on Solana (SOL) and Cosmos (ATOM) despite recent market downturns. The US Securities and Exchange Commission's (SEC) listing of SOL as a security in its charges against Coinbase and Binance caused a significant drop in the altcoin markets, with SOL down 94% from its all-time high and Cosmos down over 81%.
Former SEC Chairman Calls for Nuance in Crypto Enforcement
Former U.S. Securities and Exchange Commission (SEC) Chairman, Jay Clayton, has voiced his opinion on the agency's current approach to enforcement in the crypto space. Speaking at a Bloomberg Invest panel, Clayton stated that while he supports the SEC and the law, the issue of crypto regulation should be treated with nuance.
