SEC

According to reports, Gary Gensler, chairman of the Securities and Exchange Commission (SEC), said in an interview with the New York Times that almost all types of cryptocurrency transactions except Bitcoin belong to securities transactions under the jurisdiction of the SEC. These tokens are securities, because there is an intermediary group, and the public expectation is based on the group’s profits. Behind these cryptocurrencies, some people use various complex and legally opaque mechanisms, But at the most basic level, they are trying to promote their Token and attract investors. Because…

According to reports, Michael Sonnenstein, CEO of Grayscale Investments, said in a recent podcast interview that “it is impossible to imagine” why the United States Securities and Exchange Commission (SEC) “does not want” to protect Grayscale investors and return the real asset value to them. Interpretation of this information: The CEO of Grayscale Investments, Michael Sonnenstein, recently made a comment in a podcast interview about the lack of protection for Grayscale investors by the United States Securities and Exchange Commission (SEC). Sonnenstein expressed confusion about why the SEC would not…

It is reported that Empower Oversight, the US government regulator, issued a document supporting Roslyn Layton, a technical policy expert, to the South District Court of New York on the intervention motion filed by the United States Securities and Exchange Commission (SEC) and Ripple, which requires obtaining the controversial speech document on cryptocurrency issued by William Hinman, a former executive of the SEC, in 2018. Jason Foster, founder and president of Empower Oversight, said that the public should get a reply from the SEC. Last October, Empower Oversight raised an…

as report goes, Jeremy Allaire, CEO of Circle, a stable currency issuer of USDC, said in an interview: “I don’t think the SEC is the regulator of stable currency. In all parts of the world, including the United States, the government clearly stated that the payment of stable currency is a kind of payment system and bank supervision activity, which is for a reason. Although all stable currencies are not equal, from the perspective of policy, the unified view of the world is that this is a prudent regulatory space…

According to reports, a federal judge ruled on Wednesday that the issuance of the NBA brand “Top Shot” NFT of Dapper Labs may be securities. Interpretation of this information: The recent ruling by a federal judge on the NBA’s brand “Top Shot” NFT has raised questions regarding its classification as a security. An NFT or non-fungible token is a unique digital asset that is verified on a blockchain which provides proof of ownership and authenticity. Dapper Labs, the creator of “Top Shot,” has been selling these digital collectibles in the…

It is reported that an American trade association representing cryptocurrency companies called for the rejection of the insider trading case filed by the United States Securities and Exchange Commission (SEC) on the grounds that the regulator unfairly marked cryptocurrency assets as securities. This case involves a former product manager of Coinbase, a cryptocurrency exchange, and two employees accused of insider trading.   Interpretation of this information: The recent insider trading case filed by the SEC against a former product manager of Coinbase, and two employees has garnered attention as an…

It is reported that JPMorgan said in a research report that the recent regulatory measures show that the United States Securities and Exchange Commission (SEC) is in the leading position in the field of supervision of digital assets. Interpretation of this information: JPMorgan recently published a research report stating that the United States Securities and Exchange Commission (SEC) is currently taking a leading role in the global digital asset regulatory measures. The report further emphasizes the importance of regulatory measures in the field of digital assets and the progress that…

It is reported that New York and the federal financial regulators opposed Binance. US’s purchase of Voyager for US $1.02 billion and said it was discriminatory and illegal. SEC said that, given that the plan envisaged how to repay the former customers of Voyager, the contents of the proposed transaction between Binance.US and Voyager may also violate the law. Interpretation of this information: The recent news that New York state and federal financial regulators have opposed Binance’s purchase of Voyager for $1.02 billion has raised concerns and sparked debates in…

According to reports, Reuters quoted an internal email from the chief executive of Paxos as reporting that Paxos was having a constructive discussion with the Securities and Exchange Commission. Previously, the company disclosed that the regulatory authority told the company that it should register BUSD as a security. Interpretation of this information: The news that Paxos is reportedly in productive talks with the Securities and Exchange Commission (SEC) has been making headlines recently. According to reports, the CEO of Paxos sent out an internal email updating the company on the…

It is reported that the US SEC Commissioner Hester Peirce said on the Scoop Podcast that after a series of enforcement actions in the past few weeks, the US Securities and Exchange Commission (SEC) is trying to “put the regulatory flag”, while Congress is still considering which institution will regulate cryptocurrency. It will be a struggle to find out how to effectively regulate cryptocurrency. Hester Peirce also said that we will work hard for a period of time to reach the point where we can effectively supervise it. What happens…

On February 20, it was reported that if the United States Securities and Exchange Commission formally filed a lawsuit against Paxos, it would have a significant impact on the stable currency market worth 137 billion dollars. Renato Mariotti, partner of the law firm BCLP, said: “If the SEC accuses Paxos, any other stable currency issuer should register or prepare to fight a lawsuit with the SEC.” Mariotti said: “I believe that the SEC is likely to reach a settlement with Paxos. Paxos acknowledges that BUSD is a kind of security,…

It is reported that according to two insiders, Jump Trading is a trading company charged by the United States Securities and Exchange Commission (SEC) with providing support to TerraUSD during its decoupling from the US dollar. The SEC filed a civil lawsuit against Terraform Labs and its CEO Do Kwon on Thursday, accusing them of misleading investors by using an “American trading company” to support the price of TerraUSD in May 2021. Interpretation of this information: The recent civil lawsuit filed by the United States Securities and Exchange Commission (SEC)…

It is reported that the former NBA player Paul Pierce reached a settlement with the United States Securities and Exchange Commission on the case of selling cryptocurrency. He will pay $1.4 million to close the agency’s investigation into its selling of tokens. Interpretation of this information: Former NBA player, Paul Pierce, has settled with the United States Securities and Exchange Commission (SEC) on a cryptocurrency-related case. The basketball star agreed to pay a fine of $1.4 million to put an end to the SEC’s investigation into his token offering. The…

According to the news, Reuters reported on Thursday that the cryptocurrency exchange Binance transferred about US $400 million of funds from the Silvergate Bank account of Binance US to a trading company named Merit Peak. According to the report, Binance transferred funds from BAM Trading’s Silvergate account from January 2021 to March 2021. BAM Trading is the name of the entity that operates Binance US. Merit Peak is a trading company, and the United States Securities and Exchange Commission (SEC) is investigating its relationship with Binance. A Binance spokesman did…

It is reported that Gabriel Shapiro, the general counsel of Delphi Labs, said on Twitter that the lawsuit of the United States Securities and Exchange Commission (SEC) against Terraform Labs and its co-founder Do Kwon could be regarded as the “road map” of the SEC to ban other stable currencies. Shapiro said that the SEC’s argument in the lawsuit was “more thorough than usual”. The SEC’s lawsuit has four firsts: 1. It claims that the stable currency (UST) is a security; 2. It is claimed that the synthetic stock (mAsset)…

It is reported that the SEC of the United States published the “SEC Proposal to Strengthen the Protection Rules for Registered Investment Advisers” on its official website. The article said that the Securities and Exchange Commission of the United States proposed to amend the rules today to strengthen the protection of the customer assets managed by registered investment advisers. If approved, these changes will be made in accordance with Article 206 (4) – 2 of the Rules of Custody of the Committee for the Revision and Redesignation of the Investment…

On February 16, Roslyn Layton, a technical policy expert, filed a motion for intervention in the lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple to obtain the content of Hinman’s speech document. Interpretation of this information: The recent news that Roslyn Layton, a technical policy expert, has filed a motion for intervention in the lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple, is causing quite a stir in the cryptocurrency community. Layton is seeking to obtain the content of Hinman’s speech document….

According to reports, Charles Gasparino, a senior reporter of FOX Business Network (FBN), revealed on social media that according to the information obtained by him and another reporter Eleanor Terrett, a former senior official of the United States Securities and Exchange Commission said that after the collapse of FTX, the United States Securities and Exchange Commission wanted to “cut off” all cryptocurrencies to a large extent, The so-called “Wells notice” issued by the law enforcement department of the United States Securities and Exchange Commission is a signal to file a…

On February 15, the United States Securities and Exchange Commission (SEC) will propose a rule that will effectively require registered investment advisers to store digital assets outside the cryptocurrency industry. The rules proposed by the US SEC on Wednesday will expand the existing provisions of the agency, that is, investment advisers need to hand over clients’ funds and securities to “qualified custodians” for safekeeping. If the new version is approved, it will increase the protection requirements for any assets (including cryptocurrency) entrusted by the investment adviser. Interpretation of this information:…

On February 15, Dante Disparte, Chief Strategy Officer and Global Policy Leader of Circle, said in response to the tweet of Fox Business News reporter Eleanor Terrett that Circle had not received the Wells notice. Interpretation of this information: The message from Dante Disparte of Circle, a global financial technology firm, was a response to a tweet from Eleanor Terrett of Fox Business News. Terrett had tweeted that the SEC had issued a Wells Notice to Circle, indicating that the agency was considering enforcement action against the company. Disparte’s response…