Enforcement

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

November 24, 2024 Bitcoin.com

bitcoin.com

The SEC’s record-breaking enforcement year revealed unprecedented financial penalties and bold action against high-risk sectors, including crypto and private funds, marking a pivotal moment for market regulation. SEC Achieves Historic $8.2B in Remedies From 583 Enforcement Actions in 2024 The U.S. Securities and Exchange Commission (SEC) announced on Friday a record-breaking year for enforcement in […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

SEC’s Crypto Crackdown Questioned — Will Clear Guidance Finally Emerge?

October 22, 2024 Bitcoin.com

bitcoin.com

The enforcement-heavy approach of the U.S. Securities and Exchange Commission (SEC) to crypto regulation is stifling innovation and leaving the market without clear standards, an SEC commissioner has warned. Criticizing the reliance on litigation, he argued that case-by-case enforcement delays the creation of a consistent regulatory framework, depriving investors and innovators of necessary guidance. He […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Crypto.com Files Suit Against SEC Over Expanded Jurisdiction Claims

October 8, 2024 Bitcoin.com

bitcoin.com

Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the regulator’s authority over the sale of digital assets on secondary markets. The lawsuit, filed in the United States District Court for the Eastern District of Texas, alleges that the SEC is unlawfully extending its jurisdiction to include most digital tokens […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi

October 5, 2024 Bitcoin.com

Banking

Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory missteps and mishandled reforms, despite ongoing penalties. The letter suggests that breaking up the […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Mark Cuban: Kamala Harris Opposes ‘Regulation Through Litigation’

September 27, 2024 Bitcoin.com

Assets

Billionaire Mark Cuban says that Vice President Kamala Harris’ team has told him “in no uncertain terms that they are against ‘regulation through litigation.'” He criticized U.S. Securities and Exchange Commission (SEC) Gary Gensler’s regulation by enforcement approach, asserting: “Gary Gensler is a blight on the technology community.” Mark Cuban Slams SEC Chair Over Crypto […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

US Lawmakers Call for Clear SEC Rules on Digital Asset Airdrops

September 19, 2024 Bitcoin.com

airdrops

Congressman Tom Emmer is pushing the U.S. Securities and Exchange Commission (SEC) to provide clear rules on digital asset airdrops, arguing that current regulatory uncertainty is stifling innovation and blocking American participation in blockchain projects. He emphasized the importance of airdrops in decentralizing networks and shaping the future of blockchain, criticizing the SEC’s approach under […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

SEC Takes Action Against Fake Crypto Platforms Using Social Media to Deceive Investors

September 18, 2024 Bitcoin.com

Assets

The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from unsuspecting investors. The charges mark the first SEC enforcement actions against such scams. SEC Targets Crypto Scams in Latest Enforcement Action […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Latam Insights Encore: Brazil Shows How States Should Keep an Eye on Crypto Usage for Nefarious Purposes

September 17, 2024 Bitcoin.com

artificial intelligence

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how Brazil is becoming an example of how states should enforce crypto compliance by battling tax evasion and pursuing money laundering groups instead of targeting crypto innovators. Latam Insights Encore: […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities

August 28, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it could negatively impact innovation and creators’ livelihoods. The platform is prepared to contest the action and has committed $5 million to support NFT creators facing […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

SEC Charges Abra With Unregistered Sales of Crypto Asset Securities

August 26, 2024 Bitcoin.com

Abra

The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of operating as an unregistered investment company, further complicating the firm’s regulatory standing. SEC Targets Abra […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum