Securities and Exchange Commission (SEC)

Tron (CRYPTO: TRX) founder Justin Sun said Thursday the SEC has dismissed the claims it brought against him and his companies for fraud and market manipulation.  Sun Says ‘Future Is Bright’ Sun stated in an X post that the resolution provides “closure,” and he will...

The former chief financial officer of cloud services provider Synchronoss Technologies (NASDAQ:SNCR) allegedly overstated the company’s finances to match revenue expectations it otherwise would have failed to meet. Last week, a New York District Court granted the Securities and Exchange...

Coinbase Global Inc (NASDAQ:COIN) is set to contest the U.S. Securities and Exchange Commission’s (SEC) classification of tokens traded on its platform as securities. What Happened: Coinbase, the world’s largest publicly traded cryptocurrency exchange, is scheduled to present its case...

Broker-dealer Merrill Lynch has been fined $12 million by regulators for failing to file approximately 1,500 suspicious activity reports (SARs) over a span of more than ten years, The Wall Street Journal reports. Regulatory Requirements Under U.S. anti-money-laundering rules, broker-dealers are...

In a recent development, Digital World Acquisition (NASDAQ:DWAC), the primary financial collaborator of former President Donald Trump’s media company, has proposed an $18 million settlement to the Securities and Exchange Commission (SEC) to resolve an investigation into its initial merger...

The former CEO of Twitter, Jack Dorsey believes that Ethereum (CRYPTO: ETH) is a security.  What Happened: Dorsey was responding to a Twitter user who asked Dorsey "is ETH a security." To which, Dorsey said "Yes". This came at a time when the Securities and Exchange Commission (SEC) filed charges...

The SEC launched a double-edged attack on cryptocurrency giants Coinbase Global Inc (NASDAQ:COIN) and Binance this week, accusing both entities of violating securities rules and engaging in deceptive practices. SEC Chair Gary Gensler doubled down on the allegations in a Tuesday interview with CNBC...

In a blow to the Securities and Exchange Commission (SEC), a judge has denied the regulator’s recent motion to seal records related to the internal deliberations following a speech by former director, William Hinman.  What Happened: This development has been hailed as a win by Ripple...

The American Bankers Association, or ABA, reportedly called on federal regulators on Thursday to probe a spate of significant short sales of publicly traded banking stocks that it said were “disconnected from the underlying financial realities.” What Happened: The group stated it had...

Bitcoin’s (CRYPTO: BTC) volatile ride from $1,000 in January 2017 to its peak of $20,000 by the end of that year was followed by a sharp drop, losing more than 60% of its value in just a few months. What Happened: The year 2018 was referred to by some as a “crypto winter,” as the...

Cathie Wood-led ARK Investment Management bought over 168,000 shares of cryptocurrency exchange platform Coinbase Global Inc (NASDAQ:COIN) at an estimated valuation of over $8.4 million based on Monday's closing price. What Happened: The purchase was done via the flagship ARK Innovation ETF (NYSE:...

SoftBank Group Corp. (OTC:SFTBY) owned chipmaker Arm Ltd has made a confidential filing with the Securities and Exchange Commission for a listing on the markets in the U.S. What Happened: The Cambridge, United Kingdom-based company, plans to sell its shares on the Nasdaq later in 2023 and aims to...

Coinbase (NASDAQ:COIN) CEO Brian Armstrong, on Monday, minted a commemorative NFT in response to regulatory challenges facing the U.S. cryptocurrency industry.  What Happened: According to a blog post by ‘Stand with Crypto,' the NFT is a symbol of unity for the crypto community seeking sensible...

Crypto YouTuber Ben Armstrong, popularly known as ‘BitBoy Crypto,' hit back at tech investor Chamath Palihapitiya, a day after the latter said that “Crypto is dead in America.” What Happened: Palihapitiya, on Monday, pointed to Securities and Exchange Commission, or SEC, Chairman Gary...

Major coins traded in the red on Monday amid growing apprehension among investors, who are keeping a close watch on the Federal Open Market Committee (FOMC) meeting scheduled for next week. Cryptocurrency Gains (+/-) Price (Recorded 9:30 p.m. EST) Bitcoin (CRYPTO: BTC) -1.06% $27,460...