SEC’s Crypto Enforcement Chief Departs After 9 Years

June 17, 2024 Bitcoin.com

Binance

The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major crypto trading exchanges Binance and Coinbase. SEC’s Crypto Enforcement Unit Leader Departs […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Terraform Labs to shut down after $4.5B SEC settlement: Law Decoded

June 17, 2024 Coin Telegraph

Terraform Labs to shut down after .5B SEC settlement: Law Decoded

Australia

Terraform Labs plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.

Terraform Labs has agreed to pay the United States Securities and Exchange Commission (SEC) roughly $4.47 billion as part of its settlement with the securities regulator. The duo settled after a jury found Terraform Labs and its co-founder liable for the Terra ecosystem collapse, which erased $40 billion in investor assets.

Chris Amani, CEO of Terraform Labs, has announced that the firm will cease operations following the settlement. The company plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.

In other news, lawyers for blockchain payments company Ripple have asked a court to consider an “appropriate” civil penalty in its case with the SEC following a settlement between the regulator and Terraform Labs. The SEC has requested that Ripple pay roughly $2 billion in disgorgement, prejudgement interest and civil penalties. Ripple has argued it should pay no more than a $10 million penalty.

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Former SEC official David Hirsch says he is not joining pump.fun

June 17, 2024 Coin Telegraph

Coin Telegraph

Rumors have been circulating that the recently retired SEC veteran was taking on a private role in the digital asset sector.

David Hirsch, who served as chief of the Crypto Assets and Cyber Unit division of the Securities and Exchange Commission (SEC), has clarified that he has not joined the pump.fun team in any capacity.

In a message to Cointelegraph, the recently retired SEC veteran confirmed that any claims associating him with the Solana-based memecoin platform represented misinformation.

On June 17, rumors began circulating that Hirsch had accepted a position with the pump. fun platform due to a somewhat tongue-in-cheek social media post from pump. fun directed at Hirsch.

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Tokenization May Provide Global Markets With More Efficiency, According to SEC Commissioner

June 17, 2024 The Daily Hodl

Blockchain

A commissioner with the U.S. Securities and Exchange Commission (SEC) says tokenization is gaining traction among blue-chip companies and can provide further efficiencies to global markets and investors. During the SEC’s 30th Annual International Institute for Securities Market Growth and Development, Commissioner Mark T. Uyeda explains how tokenization – the conversion of assets such as […]

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Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate

June 17, 2024 Bitcoin.com

bitcoin.com

Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized that, unlike the Terraform Labs case, there are no victims to compensate in Ripple’s case. […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer

June 16, 2024 Bitcoin.com

bitcoin.com

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether ETFs can launch. Gary Gensler Answers Crypto Questions The […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Bloomberg Expert Forecasts Launch of Ethereum ETF in US for July 2nd

June 16, 2024 The Daily Hodl

crypto

A Bloomberg exchange-traded fund (ETF) expert says that spot market Ethereum (ETH) ETFs can be expected in the US by early July. In a new thread on the social media platform X, senior ETF analyst Eric Balchunas says ETH-based ETFs may be approved by July 2nd after it was found out that the U.S. Securities […]

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Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case

June 16, 2024 Bitcoin.com

SEC Now Demands 2.6 Million Penalty From Ripple in XRP Case

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2

June 15, 2024 Bitcoin.com

bitcoin.com

Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings. The analyst believes there is a decent chance the SEC […]

Analyst Predicts Massive Rallies for Two DeFi Altcoins, Says It’s Time for Great Recovery – Here Are His Targets

Ripple Cites New Terraform Labs Settlement in a Bid To Convince the Court To Lower the SEC’s Civil Penalty

June 15, 2024 The Daily Hodl

Daily Hodl

Ripple is pointing to the recent Terraform Labs settlement in a bid to reduce their own penalty from the U.S. Securities and Exchange Commission (SEC). Earlier this week, the SEC reached a $4.47 billion settlement with Terraform Labs after the stablecoin firm was found liable for defrauding investors of $40 billion in the 2022 TerraUSD […]

The post Ripple Cites New Terraform Labs Settlement in a Bid To Convince the Court To Lower the SEC’s Civil Penalty appeared first on The Daily Hodl.

SEC

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