Securities and Exchange Commission Archives - Page 5 of 10

Ex-Twitter CEO Reveals DOJ Probe in Pursuit of Legal Fees Repayment

Jack J. Kelly DOJ, Federal Trade Commission, Lawsuits, Probe, Securities and Exchange Commission April 12, 2023

Twitter Inc.’s former chief executive officer revealed the US Justice Department and the US Securities and Exchange Commission investigated the social-media platform in the past as part of his effort to force the company to cover legal fees related to lawsuits and government probes. ...Read More

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Policymakers Didn’t Regulate Crypto ‘Because They Thought It Would Essentially Die’

Jack J. Kelly CFTC, Cryptocurrency, Securities and Exchange Commission April 3, 2023

The latest uptick in regulatory action around the globe may be due to policymakers finally waking up to cryptocurrencies. On a recent panel at the Citi Digital Money Symposium in London, which touched on crypto regulations in the United Kingdom, Europe, and the United ...Read More

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What does the CFTC lawsuit against Binance mean for Coinbase? Analysts weigh in

Jack J. Kelly CFTC, Cryptocurrency, Securities and Exchange Commission April 3, 2023

The Commodity Futures Trading Commission on Monday hit out at the world’s largest cryptocurrency exchange with an explosive lawsuit alleging, among other things, that Binance knew it was facilitating trading for criminals. “Like come on. They are here for crime,” Samuel Lim, Binance’s former ...Read More

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SEC’s Gensler Seeks $2.4 Billion In Funding To Chase Down Crypto ‘Misconduct’

Jack J. Kelly Cryptocurrency, SEC, Securities and Exchange Commission March 31, 2023

United States Securities and Exchange Commission Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.” United States Securities and Exchange Commission Chair Gary Gensler has thrown his support behind U.S. ...Read More

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Crypto Crackdown: Here Are All The Major Crypto Firms Facing Charges From Regulators This Year

Jack J. Kelly CFTC, Cryptocurrency, SEC, Securities and Exchange Commission March 30, 2023

The cryptocurrency trading platform Beaxy announced Wednesday it will shut down due to a lawsuit from the Securities and Exchange Commission accusing it of skirting federal law, becoming the latest firm to be ensnared in a wide-ranging crackdown on allegedly illegal crypto activity. TIMELINE ...Read More

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An SEC Watchdog’s Take on Crypto Rules: Everyone Would Be Better Off

Jack J. Kelly Cryptocurrency, SEC, Securities and Exchange Commission, Wall Street March 29, 2023

Crypto has become a divisive issue in Washington, and the Securities and Exchange Commission is at the heart of it. The SEC recently notified the big crypto exchange Coinbase Global that it’s likely to sue the company over several business practices. Regulators are also bringing enforcement against other ...Read More

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‘You must answer for the bank’s downfall’: Senators demand testimony from CEOs of failed Signature and Silicon Valley Bank

Jack J. Kelly Bailout, Bank Failure, Banks, CEO, Congress, SEC, Securities and Exchange Commission March 24, 2023

Leaders of the Senate’s banking committee on Thursday warned former chief executive officers at the failed Silicon Valley Bank and Signature Bank that they expect them to testify before the panel, saying in a letter to each: “you must answer for the bank’s downfall.” The committee is examining ...Read More

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Coinbase tapping into innovation-friendly Brazil amid US regulatory crackdown

Jack J. Kelly Cryptocurrency, SEC, Securities and Exchange Commission March 24, 2023

Coinbase may be caught in the crypto regulatory crackdown in the U.S., but the company is finding plenty of friendly faces in Brazil. On Tuesday, Coinbase introduced an app geared solely toward the Brazilian market, with customer support available in Portuguese 24/7, and integrating ...Read More

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What Is a Wells Notice and What Does It Mean?

Jack J. Kelly CFTC, Cryptocurrency, FINRA, NASD, Regulation, SEC, Securities and Exchange Commission, Wells Notice March 24, 2023

As the crypto industry continues to seek regulatory clarity from regulators in Washington, D.C., regulators are nonetheless taking targeted action against a variety of players in the space. The U.S. Securities and Exchange Commission in particular has been busier than ever, investigating and fining ...Read More

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SEC issues official investor alert on crypto trading risks

Jack J. Kelly Cryptocurrency, Investors, SEC, Securities and Exchange Commission March 24, 2023

The US Securities and Exchange Commission (SEC) has issued an official investor alert warning against investing in crypto assets that may not comply with US laws. This follows several lawsuits the regulator has brought forward against notable figures, such as Justin Sun of Tron, and various celebrity ...Read More

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