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Smilecoin (SEC) News



Gary Gensler crypto regulations 2022

SEC Will Focus On Crypto Platforms Regulation in 2022

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The chair of the US SEC, Gary Gensler said that platforms offering crypto trading services will be a primary focus of the agency. Bloomberg informs that during a recent virtual conference, Gensler said that he had asked the staff to get crypto exchanges inside the investor protection area and look...

Bitcoin SEC ETFs

SEC Rejects Spot Bitcoin ETFs from Valkyrie and Kryptoin

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The US SEC continues to disapprove physically-backed Bitcoin Exchange Traded Funds (ETFs). On Dec. 22, the regulator released the decisions on the requests from the exchanges NYSE Arca to trade shares of the Valkyrie BTC Fund and Cboe BZX to trade Kryptoin BTC ETF Trust. The reasons for rejections...

Ripple SEC XRP

Judge Asks Whether All People Selling XRP Violated the Law

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John Deaton, the owner of the Deaton Law Firm, tweeted on the SEC against Ripple lawsuit, presenting records from the court. The case, started in December 2020, with the regulatory authority accusing Ripple Labs of the XRP token sale, saying it was unregistered security, takes new turns. During...

VanEck spot Bitcoin  ETF rejected

Vaneck’s ETF Got Rejection From the SEC

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The US SEC rejected the request from investment manager VanEck to release a spot Bitcoin ETF. As per a report published by the government agency on Nov. 12, the paper submitted in March, by Cboe BZX Exchange and VanEck didn't provide sufficient details on how the product would prevent fraud and...

Garlinghouse

Garlinghouse attributed ETH's success to SEC's supportive attitude

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Ethereum's success is, at least in part, due to a favorable attitude from the US Securities and Exchange Commission (SEC). That was stated by the head of Ripple Brad Garlinghouse at the DC Fintech Week online conference. Garlinghouse considers it unfair for the SEC to classify XRP as a security,...

SEC Bitcoin ETFs

US SEC May Approve the First BTC Futures ETF Next Week

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The US Securities and Exchange Commission won't block Bitcoin Futures ETFs from beginning to trade in the following week. As sources familiar with the subject told Bloomberg, the agency is likely to give a green light to the first BTC ETF product. BTC futures enable getting access to the coin...

Gary Gensler

Gary Gensler supports launching Bitcoin ETF futures

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When Gary Gensler took over as head of the SEC, many expected him to legalize Bitcoin ETFs. However, until now, the American regulator under the leadership of Gensler has not approved a product focused on the cryptosphere.   Analysts note that the slowness of the SEC is preventing institutional...

Gary Gensler testimony on crypto

SEC Chair Gary Gensler States His Opinion About Crypto

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On September 14, the chairman of the US Securities and Exchange Commission, Gary Gensler stated his opinion related to the crypto sphere before a Senate committee. According to him, major crypto exchanges should register as securities exchanges. The Senate Banking Committee issued Gensler's...

SEC vs Coinbase

Coinbase Receives Notice From the SEC Over Its Lend Product

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Leading cryptocurrency exchange Coinbase announced that it received a Wells Notice from the Securities and Exchange Commission. The regulatory agency warned the company against launching a product that would allow consumers to earn interest for their crypto holdings. A Wells Notice represents a...

SEC CFTC

SEC and CFTC are arguing over getting right to regulate cryptosphere

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The head of the SEC, Gary Gensler, recently announced the need to legalize the cryptocurrency industry as soon as possible. In his opinion, the SEC should control this market. Gensler proposed to classify digital assets as securities. However, there is another important regulatory body in the...

SEC

SEC head compares stablecoins to securities

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The US authorities have decided to expedite the legalization of secured digital currencies. The Ministry of Finance has created an expert group that will develop a regulatory framework for stablecoins. The head of the SEC, Gary Gensler, did not stand aside and commented on the position of American...

SEC

SEC urges Americans not to invest in bitcoin futures

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The Securities and Exchange Commission (SEC) has called on American investors not to invest in bitcoin futures. The corresponding notification was published last Thursday. This document states that even if investors decide to channel their capital into BTC-focused products, then they must analyze...

Ripple SEC

Ripple's Going Public After the SEC's Lawsuit, the CEO Says

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In a recent meeting, Ripple CEO Brad Garlinghouse stated the firm aims to go public when the SEC's lawsuit will be over. The legal actions started in December 2020, when the SEC started a $1.3 billion lawsuit against Ripple claiming XRP, the cryptocurrency developed by the company is security. The...

SEC vs Ripple financial records

Judge Decided Ripple CEO's Financial Records Won't go Public

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On Friday, the court disallowed the SEC's request to publish financial statements of Ripple's execs stating it is not assured that the data would indicate wrongdoings. In March the US SEC submitted the petition for eight years of financial history from CEO Brad Garlinghouse and co-founder Chris...

Ripple discovery motion

Ripple Gets Access to SEC's Docs on Crypto Security Clarity

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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...

SEC vs Ripple

XRP Owners' Appeal to Take Part in the Trial Is Granted

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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...

Coinbase hired  Brett Redfearn

Coinbase Employed Ex-SEC Officer Brett Redfearn

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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...

Brad Garlinghouse

Ripple CEO says his company tried to negotiate with the SEC

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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...