U.S. Judge Criticizes SEC & Overrules Stay Motion Over Voyager Acquisition Deal
In regard to Binance.US’s acquisition of the crypto lending startup Voyager Digital, the clash of wills that has been going on between the U.S. authorities and the bankruptcy court persists to continue. According to a document filed with the court on Wednesday, Judge Michael Wiles of the Southern District of New York ruled that BinanceUS could move forward with its $1 billion purchase of Voyager assets. This decision comes after the judge rejected a request from the U.S. SEC to halt the proceedings until an appeal has been heard.
XRP Lawyer Looks To Build Union Against US SEC Enforcement
John Deaton, Amicus Curiae in the XRP lawsuit aimed to build a union against the US SEC’s enforcement.
Gensler Suggests Staking Token Operators Should ‘Seek to Come Into Compliance’
United States Securities and Exchange Commission (SEC) chair Gary Gensler has again suggested that proof-of-stake coins may be securities. He expressed his view on March 15 after a commission meeting on cybersecurity issues.
SEC, DOJ Charge Businessman Connected to Steve Bannon With Fraud Involving Crypto
Miles Guo, an exiled businessman, was arrested this morning in New York over a $1 billion fraud conspiracy involving cryptocurrency.
SEC To Vote on Cybersecurity, Consumer Privacy Rule Proposals
The Securities and Exchange Commission will vote on new rules and changes to bolster requirements for cybersecurity, privacy and tech infrastructure that officials said could encompass cryptocurrencies.
SEC Is ‘Completely Out of Control,’ Says a16z Crypto’s Head of Policy
Over the past several weeks, regulators such as the Securities and Exchange Commission (SEC) unveiled a slew of enforcement actions against crypto companies in what many industry players view as an hostile attack on crypto— and US innovation, argued Brian Quintenz, a former Commodities Futures Trading Commission (CFTC) commissioner and current Head of Policy at Andreessen Horowitz (a16z).
XRP Lawyer: SEC Could Take Up 200 Crypto Enforcement Actions in Next 2 Years
The XRP lawyer said he heard rumors about the SEC taking up 200 enforcement actions on the crypto market in the next two years. This rumor comes in the context of recent enforcement actions on stablecoin operations and crypto staking services in the US. He opined that the SEC’s agenda is to crush crypto and to allow incumbents to come in and get a bigger slice of the infrastructure and retail.
SEC, DOJ investigating Silicon Valley Bank: WSJ
Now, two other agencies — the U.S. Securities and Exchange Commission and the U.S. Department of Justice (DOJ) — are probing the failed depository institution.
Coinbase Files Amicus Brief in Insider Trading Case: ‘We Need Rulemaking’
The digital assets that Coinbase lists are not securities, but Coinbase, if given proper guidance and rules from the Securities and Exchange Commission, would like to list securities, Coinbase said Monday in an amicus brief. But the SEC’s willingness to work with the exchange in a productive fashion has been limited, the brief reads. Coinbase filed the amicus, or friend of the court brief, as part of a case against its former employee Ishan Wahi. Wahi, along with his brother, has been charged with insider trading, and is the subject of a civil complaint by the SEC for securities fraud, regarding leaking information about new token listings on Coinbase. (Coindesk)
SEC Monitoring Circle’s Exposure to At-Risk Banks, Considers USDC a Security: Crypto KOL
Crypptop KOL Andrew @AP_Abacus on Twitter: UPDATE: The SEC was very aware of @circle’s exposure to at risk banks and specifically, Silicon Valley Bank.
SOURCE: “The SEC absolutely believes that USDC is a security… expect further action in the weeks to come.”
