Browsing:US SEC

The US SEC has filed a lawsuit against Sam Lee and Brenda Chunga for alleged involvement in the HyperFund crypto scam
3 months ago 1 min read

The US SEC sues Sam Lee and Brenda Chunga for $1.7 billion HyperFund crypto scam

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Sam Lee and Brenda Chunga, also known as Bitcoin Beautee, for alleged involvement in the HyperFund crypto scam worth over $1.7 billion. The SEC accuses them of violating federal laws by promoting deceptive “membership” plans that promised large returns to investors. Note that the duo is accused of misleading investors with false assurances of lucrative profits from HyperFund’s crypto mining activities and their purported affiliation with a Fortune 500 company. In a statement, the SEC emphasized that “the only thing they were mining was their investors’ pocket.” Furthermore,

Legal Tussle Intensifies Between Ripple and SEC Amid Allegations of Misleading Court
4 months ago 1 min read

The US SEC is accused of misleading the court in Ripple case

In the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), a legal expert accuses the SEC of misleading the court. The SEC is requesting Ripple’s financial statements and sales contracts, but there are concerns about the transparency and accuracy of the information that the regulator showed. Ripple’s legal team is actively challenging what they believe is a factual error made by the SEC. Legal analyst Bill Morgan, who is closely following the Ripple case, has expressed concerns about the SEC’s actions, accusing the regulator of providing misleading information to the court. The SEC’s request

US SEC Commissioner Hester Pierce proposed a potentially smoother approval process for Ethereum ETFs
4 months ago 1 min read

The US SEC Commissioner Hints That Ether ETF Approval Would Be Easier Than Bitcoin ETF’s

In a recent Coinage interview, US SEC Commissioner Hester Pierce proposed a potentially smoother approval process for Ethereum Exchange-Traded Funds (ETFs), indicating a shift from previous regulatory considerations. Commissioner Pierce expressed her desire for the SEC to treat crypto ETFs, particularly those linked to Ethereum, similarly to traditional funds. Her proposal advocates for applying existing standards without requiring court intervention, potentially streamlining the approval process. This approach differs from previous methods used by the SEC to handle crypto ETFs. Pierce’s stance suggests a more industry-friendly approach, with crypto ETFs following the regulatory framework established for traditional investment funds. The anticipation

The US SEC has delayed its decision on the iShares Ethereum Trust spot ETF until March 10
4 months ago 1 min read

SEC delays decision on Ethereum ETF to March 10, 2024

The US SEC has delayed its decision on the iShares Ethereum Trust spot ETF until March 10, 2024. The ETF, proposed by Nasdaq on November 21, 2023, is intended to track the price movements of Ethereum, a popular crypto. Originally, the SEC had a 45-day review period for the ETF proposal, ending on January 25, 2024. However, the regulatory body chose to extend this period, indicating a need for more time to thoroughly examine the complexities surrounding the Ethereum ETF. The proposed rule change has been open for public comment since December 11, 2023, but no comments have been received

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