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SEC Fines Mango DAO for Unregistered MNGO Tokens

SEC Fines Mango DAO for Unregistered MNGO TokensThe U.S. Securities and Exchange Commission (SEC) has filed charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for offering unregistered securities. The case centers around the sale of MNGO tokens and the operation of Mango Markets without proper registration. Mango Markets Hit With SEC Charges The SEC alleges that since August 2021, Mango […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

US House Republicans probe SEC’s Gensler on political hiring claims

Three GOP lawmakers asked SEC Chair Gary Gensler to turn over information on his agency’s hiring process, claiming they had found evidence of a political ideology-driven hire.

United States House Republicans have probed Securities and Exchange Commission Chair Gary Gensler, saying his agency could be hiring based on political affiliation, violating federal law.

In a Sept. 10 letter to Gensler — a Democrat — GOP lawmakers Jim Jordan, Patrick McHenry and James Comer accused the agency of hiring “individuals from left-leaning organizations to fill senior roles at the SEC.”

They claimed email correspondence made public in an SEC rulemaking comment may show that Gensler’s decision to hire the agency’s director of trading and markets, Dr Haoxiang Zhu, was “influenced by his political affiliation.”

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

What Is the Howey Test? Understanding Its Role in Crypto Regulation

What Is the Howey Test? Understanding Its Role in Crypto RegulationThis year, with the U.S. Securities and Exchange Commission (SEC) increasing enforcement on businesses accused of offering unregistered crypto securities to American investors, regulators, attorneys, and judges have been utilizing the Howey Test to ascertain whether specific crypto assets constitute an “investment contract” and thereby fall under U.S. securities laws. Below is an in-depth exploration […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement

Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto EnforcementSeveral U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.” Lawmakers Oppose SEC’s Crypto Enforcement Focus A number of lawmakers and a commissioner with the […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse