SEC

Do Kwon seeks to delay his US trial as extradition from Montenegro faces delays

January 15, 2024 1 min read

In a recent legal development, Do Kwon, the former CEO of Terra, has requested that his trial in the United States be postponed. The trial, which is centered on charges brought by the US Securities and Exchange Commission (SEC), could be delayed due to Kwon’s extradition from Montenegro. Kwon’s legal team informed Judge Jed S. Rakoff in a letter that the extradition process from Montenegro is moving more slowly than

SEC’s X Page Hacked with False Bitcoin ETF Approval; Chairman Gensler Denies Claim

January 10, 2024 1 min read

In an unexpected turn of events, the US Securities and Exchange Commission’s (SEC) official Twitter account recently announced the approval of a Bitcoin Exchange-Traded Fund (ETF) listing on all registered national securities exchanges. The official X (formerly Twitter) page tweeted, “Today, the SEC grants approval for Bitcoin ETFs listing on all registered national securities exchanges.” Crypto enthusiasts and investors reacted positively to the news, hailing it as a significant development

The US SEC is warning investors against succumbing to FOMO in their investment decisions

January 9, 2024 1 min read

As the crypto community awaits the US SEC’s final decision on Spot Bitcoin ETF applications, which is set to be announced on January 10, the regulatory body has issued a cautionary report, warning investors against succumbing to FOMO in their investment decisions. The report, which was published on January 6 in an X post by the SEC’s Office of Investor Education and Advocacy, sheds light on the negative consequences of

SEC May Signal Approval for Bitcoin ETFs, Paving the Way for Launches by January 10

January 1, 2024 1 min read

The Securities and Exchange Commission (SEC) of the United States is expected to issue a positive signal regarding the approval of spot Bitcoin exchange-traded funds (ETFs). This development may pave the way for several asset management firms, such as Ark Investments, 21Shares, Valkyrie, and others, to launch ETFs as early as January 10. The possibility of approval has sparked excitement in the crypto industry, with experts predicting increased institutional investor

SEC Delays Decision on Hashdex Nasdaq Ethereum ETF, Creating Investor Uncertainty

December 19, 2023 1 min read

The Securities and Exchange Commission (SEC) of the United States has delayed its decision on the Hashdex Nasdaq Ethereum ETF. This delay, which comes after the filing was made available for public comment in October 2023, has created uncertainty among investors who are eagerly awaiting the approval of an Ethereum ETF. The delay not only affects Hashdex, but it also has implications for other crypto firms such as VanEck and

Binance Faces Ongoing SEC Investigation Despite Settlement and Leadership Changes

November 28, 2023 1 min read

Despite Binance’s CEO resigning and a hefty $4 billion settlement, the US Securities and Exchange Commission (SEC) continues its probe into whether BinanceUS, akin to FTX, had unauthorized control over customer assets, according to a recent Wall Street Journal report. The SEC filed a lawsuit in June, alleging Binance and BinanceUS sold unregistered securities, engaging in fraud and violating laws, with suspicions of unlawfully handling customer funds. argues against the

The US SEC classifies Polygon (MATIC) as security Security

November 25, 2023 1 min read

The US Securities and Exchange Commission (SEC) has classified Polygon (MATIC) as a security, casting a pall over the popular crypto. The SEC’s announcement came as part of a lawsuit against Kraken, accusing the exchange of violating securities laws by operating an unregistered securities exchange, broker, and clearing agency. Polygon, formerly known as MATIC, has been reclassified as a security by regulatory authorities. This echoes similar legal battles faced by

BlackRock Submits Spot Ethereum ETF Filing to SEC

November 16, 2023 1 min read

BlackRock, the largest asset manager globally, has officially submitted an application for a spot Ethereum exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC). The proposed ETF, named iShares Ethereum Trust, aims to track the overall performance of the price of ether, according to the Form S-1 filed by iShares on Wednesday. This filing comes a week after BlackRock registered the iShares Ethereum Trust entity with the Delaware

Binance and US SEC Collaborate for Mutual Legal Defense Amid Ongoing Lawsuit

November 15, 2023 1 min read

In the ongoing legal tussle between Binance and the U.S. Securities and Exchange Commission (SEC), both parties have jointly requested a protective order from the court. This move aims to maintain privacy around certain details, following disputes over document sharing and disagreements over the dismissal of the case. The decision to seek a protective order stems from a June 17 agreement intending to keep specific information confidential. The joint request

The US SEC Rejects Binance’s Argument in Ongoing Legal Battle

November 9, 2023 1 min read

The US Securities and Exchange Commission (SEC) has dismissed Binance’s attempt to end a lawsuit alleging the crypto exchange violated US securities laws. The SEC argues that Binance’s legal arguments are flawed and that the exchange willfully disregarded the law. In June 2023, the SEC filed a lawsuit against Binance and its founder, Changpeng Zhao, or CZ, accusing them of illegally selling investments without proper registration in the US. Binance

The US SEC Seeks Summary Judgment in Case Against Do Kwon and Terraform Labs

November 3, 2023 2 mins read

The Securities and Exchange Commission (SEC) aims to wrap up the legal battle with Do Kwon and Terraform Labs by seeking a summary judgment. In simpler terms, they’re asking the court to make a swift decision without the need for a full-blown trial. According to the SEC, there’s “no genuine dispute as to any material fact” in their case against the two. The core of the SEC’s argument revolves around

The US SEC Charges BlackRock $2.5 Million of Misreporting Reporting Investments

October 25, 2023 1 min read

The SEC has charged BlackRock with failing to accurately report substantial investments made by a publicly traded fund that the firm advised. BlackRock has agreed to pay a $2.5 million penalty to settle the charges without admitting or denying the findings. The SEC’s order, released on October 24, reveals that between 2015 and 2019, BlackRock Multi-Sector Income Trust (BIT) inaccurately described its significant investments in Aviron Group, LLC. Aviron, a