SEC

Highlights: Digital Chamber urges Congress to exempt NFTs from securities laws. TDC argues NFTs should be seen as consumer goods, not investments. SEC’s recent NFT actions raise concerns about new regulatory practices. On Tuesday, the crypto and blockchain advocacy organization […]

Highlights: The US SEC set a record for crypto penalties in 2024, totaling $4.7 billion. This year’s fines represent 63% of the $7.42 billion imposed since 2013. The increase underscores the SEC’s intensified scrutiny and enforcement in the crypto sector. […]

Highlights: SEC charges Maria Dickerson with running a $7 million Ponzi scheme targeting Filipino-Americans, promising high monthly returns. The SEC’s complaint reveals Dickerson used investor funds for personal expenses and made Ponzi-like payments to earlier investors. ClearPath Capital Partners was […]

Highlights: The SEC charged Galois Capital for failing to safeguard crypto assets, leading to a $225,000 penalty. Galois Capital misled investors about redemption periods, allowing some to redeem earlier than others. The firm lost half of its assets in the […]

Highlights: FTX’s crypto repayments to victims have drawn US SEC scrutiny. Coinbase CLO Paul Grewal criticizes SEC for creating regulatory uncertainty. SEC also objects to FTX’s plan to protect debtors from future legal actions. In the most recent filing, the […]

Highlights: SEC Cracks down on OpenSea’s NFT sales, as it served the digital artwork marketplace a Wells notice. OpenSea’s CEO expressed shock and disappointment with the SEC decision in a lengthy post on X. The CEO argued that the NFTs […]

Highlights: Nasdaq seeks SEC approval to launch Bitcoin index options, tracking the CME CF Bitcoin Real-Time Index. The options would offer a new way for institutional investors to hedge Bitcoin exposure, enhancing market maturity. Approval would mark the first crypto […]

Highlights: The SEC charges Jonathan and Tanner Adam with running a $60M Ponzi scheme involving over 80 investors. The brothers allegedly used investor funds to finance luxury lifestyles, including a $30M Miami condominium. Emergency asset freezes were obtained to halt […]

Highlights: Abra settled with the SEC for selling unregistered crypto securities and operating as an unregistered investment company. Abra’s “Earn” program managed $600 million in assets, $500 million from U.S. investors. The SEC’s charges against Abra highlight the ongoing regulatory […]

Highlights: The SEC has rejected Hex founder Richard Heart’s attempt to dismiss the case against him. The case involves allegations of $1 billion in unregistered securities offerings. The lawsuit asserts that Hex, Pulse X, and PulseChain are considered securities. The […]

Highlights: VanEck’s Matthew Sigel confirms Solana ETF plans remain active despite filing removal. The removal of the 19b-4 filing raises concerns about the ETF’s future. Sigel argues Solana should be classified as a commodity like Bitcoin and Ethereum. In an […]

Highlights: A U.S. appeals court has revived a lawsuit alleging Binance.US manipulated the HEX token price. The Ninth Circuit Court ruled that the district court has personal jurisdiction over Binance.US and CoinMarketCap. The case, initially dismissed in 2023, now returns […]