SEC can’t confirm if video of Bill Hinman is actually Bill Hinman in Ripple case

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“After reasonable inquiry, the information known and currently available is not sufficient to enable the Commission to admit or deny this request,” the SEC stated in court documents. The U.S. Securities and Exchange Commission (SEC) is unable to confirm or deny if a video predominately featuring Bill Hinman actually features Bill Hinman. Bill Hinman, also … Read more

SEC Chair Predicts Other Cryptocurrencies Will Mimic Terra’s Downfall and Harm Investors

sec-chair-predicts-other-cryptocurrencies-will-mimic-terra’s-downfall-and-harm-investors

The Chairman of the United States Securities and Exchange Commission (SEC) – Gary Gensler – opined the turbulence in the digital asset market has not ceased with Terra’s fiasco. He predicted that a lot more coins will “fail,” which will harm an additional number of investors. The Turmoil is Not Over Yet The cryptocurrency market … Read more

Coinbase launches new crypto think tank to help shape policies

coinbase-launches-new-crypto-think-tank-to-help-shape-policies

Coinbase’s new “crypto native think tank” features an advisory board of finance and law academics from top United States universities and will publish original research to shape policies around crypto. Cryptocurrency exchange Coinbase has created a “crypto native think tank” in an attempt to help shape the global conversation around policies for digital assets. The … Read more

SEC chair uses crypto enforcement in justification for FY2023 budget

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“We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space,” said Gary Gensler. Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, has cited concerns about cryptocurrency enforcement in its budget request for the next fiscal year. In … Read more

Law Decoded: Is depegging a real threat to financial stability?

law-decoded:-is-depegging-a-real-threat-to-financial-stability?

Janet Yellen calls on lawmakers to develop a consistent federal framework for stablecoins, Hester Peirce urges to allow room for failure and more. This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29 following the general meltdown of both crypto … Read more

Celsius Network’s crypto mining subsidiary SEC filing suggests plans for IPO

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The SEC requires companies in the United States to file an S-1 registration for shares to be listed on a national exchange, like the Nasdaq or New York Stock Exchange. Celsius Mining, the mining subsidiary of crypto lending platform Celsius Network, has filed paperwork with the United States Securities and Exchange Commission, or SEC, suggesting … Read more

Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On

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Ripple (XRP) rallied to $0.439217 Friday from $0.377384 on Thursday in the face of an ongoing Securities and Exchange Commission lawsuit following the comments of William Hinman, former SEC Corporate Finance director. Suggested Reading | Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano? Ether are not securities, Hinman said. (Bitrates.com) William … Read more

Grayscale Met With SEC On Approval Of Spot-Bitcoin ETF

grayscale-met-with-sec-on-approval-of-spot-bitcoin-etf

Grayscale met with the SEC behind closed doors to persuade regulators to approve the fund’s application to convert into a spot-bitcoin ETF. Grayscale, the largest bitcoin fund in the world, met with the SEC in a closed meeting. The meeting was meant to persuade regulators to approve Grayscale’s conversion from a fund to a spot-bitcoin … Read more

SEC Commissioner Calls for Accelerated Stablecoin Regulations After the UST Fiasco

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Peirce, also affectionately known as ‘Crypto Mom,’ said that there might soon be movement on stablecoin regulations in the U.S. The comments came at an online panel debate hosted by the London-based Official Monetary and Financial Institutions Forum (OMFIF) policy think tank on May 12. “One place we might see some movement is around stablecoins,” … Read more

SEC’s Hester Peirce says new stablecoin regs need to allow room for failure

sec’s-hester-peirce-says-new-stablecoin-regs-need-to-allow-room-for-failure

The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. Commissioner Hester Peirce — also known as the United States Securities and Exchange Commission’s (SEC) “crypto mom” — has backed a regulatory framework for stablecoins that allows “room for there to … Read more