Acting SEC chair Uyeda launches crypto task force
Trump’s U.S. Securities and Exchange Commission has begun its reboot with a dedicated effort to resolve the regulatory ambiguity surrounding cryptocurrencies that persisted under the previous administration. “The SEC can do better” read a Jan. 21 statement announcing the creation of a crypto task force by Mark Uyeda, the acting chair of the Securities and […]
Circle CEO pushes Trump to scrap SEC rule hindering banks from holding crypto
Circle’s Jeremy Allaire has criticized an SEC rule that he says creates financial disincentives for banks to adopt or hold crypto. Circle CEO Jeremy Allaire believes a U.S. Securities and Exchange Commission rule is making it harder for financial institutions and companies to hold crypto, calling for it to be removed. The rule, known as […]
Crypto ally Mark Uyeda to serve as interim SEC chair
President Trump’s administration has picked pro-Bitcoin Mark Uyeda as the interim chair of the U.S. Securities and Exchange Commission. President Donald Trump has selected crypto ally and SEC Commissioner Mark Uyeda to lead the SEC temporarily, pending Senate confirmation of Paul Atkins, Trump’s nominee for the agency’s permanent chair. The announcement came just hours after […]
SEC charges Nova Labs over crypto securities fraud and false partnership claims
The Securities and Exchange Commission has filed charges against Nova Labs for allegedly conducting unregistered securities offerings and making false statements about business partnerships to mislead investors. According to the SEC’s complaint, Nova Labs has been selling unregistered investment contracts since April 2019 through two main products: “Hotspots” — electronic devices that mine three different […]
SEC sues Nova Labs over alleged unregistered crypto securities offerings
The SEC’s filing against Nova Labs came just days before Gary Gensler, SEC chair and crypto critic, is set to step down from leading the agency. Source link
DCG to pay $38m in SEC settlement for misleading investors
Former Genesis CEO Michael Moro has been sanctioned by the U.S. Securities and Exchange Commission as part of a 2023 lawsuit against its parent company, Digital Currency Group Digital Currency Group, a crypto-focused investment conglomerate, has reached a $38 million settlement agreement with the SEC for misleading investors about risks tied to the now-defunct hedge […]
SEC settles with Abra for $1.65m over unregistered crypto lending product
The SEC settles with crypto lender Plutus Lending LLC, operating as Abra The Securities and Exchange Commission has reached a settlement with crypto lender Plutus Lending LLC, which operates under the name Abra. The settlement resolves allegations that Abra violated federal securities laws by failing to register its retail crypto lending product, Abra Earn, and […]
Canary Capital’s Litecoin ETF filing sparks market rally as SEC prepares for leadership change
Canary Capital’s Litecoin ETF filing adds another contender to the race, but will new SEC leadership give LTC an edge over Solana and XRP? Litecoin joins the ETF race The race for crypto ETFs in the U.S. might have a new contender, and this time, it’s Litecoin (LTC). On Jan. 16, Canary Capital, a digital […]
Trump’s SEC plans crypto overhaul, may freeze crypto lawsuits: report
The U.S. SEC is set for a significant shift in cryptocurrency policy under the incoming Trump administration. According to Reuters, the SEC is preparing to review its enforcement actions, potentially freezing or even withdrawing cases that do not involve fraud allegations. The move would mark a stark departure from outgoing SEC Chair Gary Gensler’s aggressive […]
VanEck seeks SEC approval for Onchain Economy ETF
Will the SEC approve VanEck’s entry into the growing digital asset investment space? On Jan. 15, 2025, asset management company VanEck filed an application with the U.S. Securities and Exchange Commission for the “Onchain Economy” exchange-traded fund. Matthew Sigel, VanEck’s head of digital assets research, disclosed the filing in a now-deleted social media post, revealing […]
