The U.S. Securities and Exchange Commission (SEC) is dropping a lawsuit against the top US-based crypto exchange, according to a new Coinbase blog post. Coinbase says the SEC has agreed “in principle” to dismiss its case with Commissioner approval. According to Coinbase, the suit being dropped should be viewed as a “major win for the […]
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Laura D’Allaird has been appointed chief of the U.S. Securities and Exchange Commission’s new crypto watchdog, said the SEC in a new announcement. The SEC says the new Cyber and Emerging Technologies Unit (CETU) will replace the old Crypto Assets and Cyber Unit. CETU says it will “combat misconduct” relating to securities in the areas […]
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An Alabama man has pled guilty to hacking the U.S. Securities and Exchange Commission’s (SEC) X account last year and faces up to five years in prison. In January 2024, Eric Council Jr., 25, conspired with others to commandeer the SEC’s X account and prematurely announce the approval of spot Bitcoin (BTC) exchange-traded funds (ETF) […]
The post Man Pleads Guilty to Hacking Official SEC X Account and Falsely Claiming Regulator Had Approved Bitcoin ETFs appeared first on The Daily Hodl.
The U.S. Securities and Exchange Commission (SEC) is acknowledging crypto asset management firm Grayscale’s bid to create an exchange-traded fund (ETF) for the smart contract platform Solana (SOL). In a new thread on the social media platform X, Bloomberg ETF analyst James Seyffart says the SEC formally acknowledging the bid is noteworthy because the regulatory […]
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The U.S. Securities and Exchange Commission (SEC) is reportedly downsizing a special unit of more than 50 lawyers and staff members tasked to bring crypto enforcement actions. Citing five people familiar with the matter, The New York Times reports that a leading lawyer in the unit was pulled out from the enforcement division and some […]
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One of the top US-based crypto exchanges is launching a revamped crypto staking program two years after the U.S. Securities and Exchange Commission (SEC) forced a similar initiative to shutter. According to Kraken, US clients in 37 states and two territories can stake 17 assets onchain starting today. Kraken clients residing in Alaska, Arizona, Arkansas, […]
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A new report from the financial insights firm Cornerstone Research claims that Gary Gensler slowed down crypto enforcement actions in his final year as the U.S. Securities and Exchange Commission (SEC) chair. According to the Cornerstone report titled “SEC Cryptocurrency Enforcement”, the last year of Gensler’s tenure witnessed a significant drop in crypto enforcement. “After […]
The post Despite End-of-Year Uptick, Gary Gensler’s SEC Cut Down Crypto Sanctions by 30% in 2024: Report appeared first on The Daily Hodl.
President Trump has officially eliminated a controversial guideline from the U.S. Securities and Exchange Commission that effectively prevented US banks from holding crypto assets. The new administration just rescinded Staff Accounting Bulletin 121, which forced banks to identify crypto assets held on behalf of their customers as liabilities on their balance sheets. A bill aiming to […]
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The U.S. Securities and Exchange Commission is launching a crypto task force to clarify the rules of the road for digital assets. In a press release, the agency says pro-crypto Commissioner Hester Peirce will lead the agency-wide effort. The move is a clear contrast to the SEC’s stance under the Biden administration, which maintained that […]
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The U.S. Securities and Exchange Commission (SEC) is hitting venture capitalist firm Digital Currency Group (DCG) and a former executive of Genesis with a multimillion-dollar fine, claiming they misled investors. The regulatory agency says it’s slapping DCG and Soichiro “Michael” Moro – the former chief executive of crypto lending firm Genesis, a subsidiary of DCG […]
The post SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors appeared first on The Daily Hodl.
