SEC

US SEC Has Brought 75 Enforcement Actions on Crypto Industry

<div class=”featured_image_container”> </div> <strong>The U.S. Securities and Exchange Commission (SEC) has brought 75 enforcement actions against companies and individuals in the crypto industry so far, according to a new report by Cornerstone Research. The agency also brought 19 trading suspension orders against digital asset market participants, and 43 were litigated in U.S. district courts.</strong> 75 …

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SEC to Scrutinize Funds Invested in Bitcoin Futures

<div class=”featured_image_container”> </div> <strong>The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility of the underlying asset.</strong> SEC Warns Funds …

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Elon Musk Hints at Tesla Accepting Dogecoin for Payments

<div class=”featured_image_container”> </div> <strong>Elon Musk, also referred to in social media as the ‘Dogefather,’ due to its affiliation with the Dogecoin currency, has hinted Tesla could start accepting the currency as a payment for its cars. The company, which is now accepting bitcoin as payment for its cars and holds it as part of its …

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New SEC Chairman Unveils Policies for Cryptocurrencies, Calls Bitcoin ‘Scarce Store of Value’

<div class=”featured_image_container”> </div> <strong>The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has shared his view on how the SEC plans to regulate cryptocurrencies, particularly bitcoin. He calls bitcoin “a digital, scarce store of value” and stresses the need to put in place some investor protections for this asset class.</strong> New …

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Wealth Manager Vaneck Files Application for an Ethereum ETF, Aims for Cboe BZX Listing

<div class=”featured_image_container”> </div> <strong>Public documents show the wealth manager Vaneck has applied for an ethereum based exchange-traded fund (ETF). Vaneck Digital Assets’ Form S-1 filing with the Securities and Exchange Commission (SEC) was filed on May 7, while the company’s bitcoin-based ETF is still under review.</strong> While Waiting for Approval for Its Bitcoin ETF, Vaneck …

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Blockchain trading platform INX completes $125M SEC-approved token IPO

INX Limited has completed the first-ever Securities and Exchange Commission-approved token sale event via an initial public offering. According to a release issued by the company, the blockchain trading platform raised $85 million in gross proceeds from over 7,200 investors — both retail and qualified institutional actors. Details from the announcement show that the average …

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The new digital, decentralized economy needs academic validation

It is a pivotal moment in the development of the new digital economy. Interest in all things crypto keeps growing exponentially, and investment follows closely. There has arguably never been so much money poured into a product class that was so poorly understood, both by the wider public and by most investors. In lieu of …

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Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption

<div class=”featured_image_container”> </div> <strong>Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at …

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SEC Commissioner on Banning Bitcoin: ‘It’s Very Difficult to Ban Peer-to-Peer Technology’

<div class=”featured_image_container”> </div> <strong>SEC Commissioner Hester Peirce believes that the U.S. government cannot ban bitcoin, stating that “it’s very difficult to ban something that’s essentially a peer-to-peer technology.” The commissioner is hopeful that with the new chairman who has deep knowledge of bitcoin and cryptocurrencies, the SEC can take a fresh look at some of …

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SEC Accuses Ripple of Harassment, Asks Judge to Block Access to Some Discovery Records

<div class=”featured_image_container”> </div> <strong>The U.S. Securities and Exchange Commission (SEC) has asked the judge in the SEC v. Ripple case to block Ripple and its executives from accessing various internal records it claims are unrelated to determining whether <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/XRP” target=”_blank” rel=”noopener”>XRP</a> is a security. The SEC says that the “defendants do not actually …

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