Insurance (SEC) News

According to the judge's decision announced on April 6, Ripple wins a discovery motion to access the SEC's inward papers related to crypto assets and in what case they are considered securities. The technology company together with the CEO Brad Garlinghouse and Executive Chairman Chris Larsen made...

On March 29, the U.S. district court of New York issued an answer to the request made by XRP holders. Judge Analisa Torres approved their appeal to be engaged in the SEC’s lawsuit against Ripple Labs as third-party defendants. As stated in the released decision, XRP holders can file their motion...

Leading cryptocurrency trading platform Coinbase has employed a previous executive of the SEC's Trading and markets section Brett W. Redfearn before going public with direct placement on Nasdaq. Brett Redfearn's position at Coinbase is Capital Markets' head. He is an experienced specialist serving...

The Ripple team tried to reach a compromise with the Securities and Exchange Commission (SEC). However, the American regulator has abandoned any agreements, the head of the company, Brad Garlinghouse, tweeted. Recall that the SEC filed a lawsuit against Ripple in December, in which it accused the...

Today, December 23, the US Securities and Exchange Commission (SEC) officially took legal actions against Ripple Labs and its corporate executive Christian Larsen and the present CEO Brad Garlinghouse. The market authority claims that the Silicon Valley-based fintech has earned $1.3 B through...

A federal judge in the southern district of New York ordered Eran Eyal, CEO of Shopin, a crypto company, to pay a fine of $450,000 after being convicted of three fraud episodes through an unregistered $42 million ICO. The U.S. Securities and Exchange Commission (SEC) in December 2019 accused...

Known for her friendship with digital assets, Hester Peirce has been nominated by US President Donald Trump for a second term as Special Commissioner for the Securities and Exchange Commission. It is reported by Bloomberg. If she is approved by the US Senate, her term of office, which expires on...

The US Securities and Exchange Commission (SEC) has accused a Texas couple of tricking hundreds of people through several fraudulent investment offers. According to SEC, former pastor Larry Donnel Leonard and his wife Shuwana Leonard raised nearly half a million dollars from 500 investors through...

The Southern District of New York State Federal Court dismissed Telegram Group Inc’s request for clarification of a temporary ban on the transfer of Gram digital tokens to customers. The decision was received on Wednesday in the electronic database of the court. Judge Kevin Castel, who is...

A court in the Southern District of New York recognized Gram tokens as securities and forbade transferring them to buyers who acquired IPO rights at the beginning of 2018. A preliminary court decision was made on Tuesday, March 24, and can be appealed. The court agreed with the position of the US...

The U.S. SEC fined Hollywood actor Steven Seagal for concealing a fee from Bitcoiin2Gen's ICO. It is reported by Bloomberg. In February 2018, Seagal became a startup brand ambassador and actively promoted an ICO campaign on social networks. According to the regulator, for this, the startup promised...

The US Securities and Exchange Commission has taken evidence from former Telegram investment adviser John Hyman. He said that in 2018 Telegram sold investment contracts for Gram tokens not only to TON platform investors but also to underwriters who were involved for wider distribution of tokens....

Paxos Trust Co., a blockchain firm that works with economic organisations, received permission to settle stock trades in real-time, which can become a real menace to the Depository Trust & Clearing Corp.’s half-century investment market dominance. The US Securities and Exchange Commission...

The US Securities and Exchange Commission is increasingly seeing "flagrant violations" of law by cryptocurrency market participants. This was stated by the head of the department Jay Clayton, reports Bloomberg Law. Speaking at a financial technology conference in Washington, Clayton said...

The Bitwise's app for the launch of BTC ETFs is extremely unlikely to be approved by the US Securities and Exchange Commission and does not exceed 0.01%, said American lawyer Jake Cherwinski, who specializes in crypto. According to him, VanEck and SolidX withdrew the app to launch a Bitcoin-based...

Thailand's leading crypto exchange Bitcoin Co. Ltd. (BX.in.th) announced that it will cease all operations on September 30th. Users must withdraw all funds by November 1. So, the exchange is not going to renew the license for providing trade in digital assets from the local Securities and Exchange...

Russian-based research firm ICORating has agreed to pay fines of $268,998 to the US Securities and Exchange Commission (SEC). SEC Charges ICO Research and Rating Provider With Failing to Disclose It Was Paid to Tout Digital Assets https://t.co/G9SMJfddvk— SEC_News (@SEC_News) August 20, 2019...