SEC

The Ethereum price (ETH) has soared 1.4 % in the past 24 hours to trade at $3,554 as of 7:53 am EST.  Accompanying this price surge, ETH’s 24-hour trading volume and market capitalization have skyrocketed, boasting 24% and 1.2%  to […]

Terraform Labs, a blockchain company founded by Do Kwon, is closing down after agreeing to pay a hefty $4.5 billion to settle a fraud lawsuit with the U.S. Securities and Exchange Commission (SEC). Terraform’s CEO, Chris Amani announced this significant […]

Highlights: Terraform Labs and Do Kwon agree to pay $4.47 billion to the SEC in a fraud settlement. The settlement permanently bans Terraform Labs and Kwon from trading crypto asset securities. Kwon must transfer $204.3 million to the Terraform bankruptcy […]

Highlights: Ilit Raz charged by the SEC with defrauding investors, falsely inflating Joonko’s revenue and customer base. Legal proceedings against Raz include SEC charges and a criminal case by the U.S. Attorney’s Office. Erica Y. Williams continues as PCAOB Chair, […]

Highlights: The SEC is currently evaluating ProShares’ spot Ethereum ETF filing submitted to NYSE Arca, with a 21-day public comment period. ProShares’ Ethereum ETF launch may be delayed longer than its competitor ETH ETFs, James Seifert said. Ether ETFs could […]

The American Securities Association (ASA) has initiated a lawsuit against the Securities and Exchange Commission (SEC), accusing the regulatory body of failing to adhere to the Freedom of Information Act (FOIA). The lawsuit, filed on June 6, demands that the […]

Highlights: SEC Chair Gary Gensler hints at delays in approving Ethereum ETFs due to extended S-1 form reviews. Financial giants like BlackRock and VanEck have filed S-1 forms, indicating strong market demand for Ethereum ETFs. SEC’s careful review process may […]

After a sluggish week, Ethereum is now exhibiting promising signs of a potential bullish breakout. Over the past 24 hours, the cryptocurrency has gained 1.45%, trading at $3,790 as of 08:56 UTC. This upward momentum puts Ethereum on the cusp […]

Highlights: President Biden vetoed a bill to overturn the SEC’s SAB 121, emphasizing consumer and investor protection. SAB 121 mandates financial institutions to record crypto assets as liabilities, facing opposition but defended by the SEC. Overturning the veto requires a […]

Highlights: Rep. McHenry calls for a broader vehicle for stablecoin legislation in the Senate. Recent pro-crypto laws bring digital asset regulations into focus, says McHenry. McHenry highlights the Financial Innovation and Technology for the 21st Century Act as a landmark […]

Highlights: Terraform Labs and CEO Do Kwon agree to settle with the SEC on fraud charges. Settlement terms to be finalized and submitted for approval by June 12, 2024. Do Kwon faces separate criminal charges in the US and South […]

Highlights: Judge Shelby dismisses SEC case against Debt Box, imposing $1.75M in sanctions for misconduct. The court dismisses the SEC’s fraud allegations against Debt Box, citing a lack of international fund concealment. SEC officials resign following Judge Shelby’s condemnation of […]