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The US Federal Reserve has been going after several crypto-friendly banks looking to offer crypto custody services to several market players. In another such crackdown, the US Fed issued a cease-and-desist order to Dallas-based United Texas Bank citing major “deficiencies” in following the anti-mone…
Jake Chervinsky, the Chief Legal Officer of VariantFund hinted at the possibility of the market recording increased SEC enforcement actions towards the end of September. United States regulators continue their bottleneck approach on the crypto market despite criticisms from executives. Stakeholders …
OpenSea CEO Devin Finzer said that the NFT marketplace received a Wells notice from the SEC, suggesting potential enforcement action from the agency.
XRP, despite not following the rest of the crypto market in the last bull run, has remained an investor favorite. Its popularity has also been on the rise as the Ripple legal battle with the United States Securities and Exchange Commission (SEC) is almost at its end. Given this development, there ha…
Coinspeaker Ripple CEO Confirms Imminent US Dollar-Pegged Stablecoin Launch RLUSD Ripple CEO Brad Garlinghouse stated Ripple has "no interest" in a US IPO, citing SEC's challenging and inconsistent crypto regulation. Ripple CEO Confirms Imminent US Dollar-Pegged Stablecoin Launch RLUSD
Defunct investment firm Galois Capital Management LLC has inked a settlement with the US Securities and Exchange Commission (SEC) over fraudulent investor relation. This settlement traces its roots back the collapse of FTX Derivatives Exchange which the firm has strong exposure to. Origin of the US …
The US Securities and Exchange Commission (SEC) has announced a settlement with troubled crypto hedge fund Galois Capital. The SEC charged Galois with failing to meet critical requirements for safeguarding customer assets, including those the agency stated were “securities”. Related Reading: Bullish…
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemptio…
The US Securities and Exchange Commission (SEC) has charged and settled with hedge fund Galois Capital Management LLC over a private fund managed by the firm that primarily invested in crypto, according to a statement published on Sept. 3. The SEC charges are related to Galois Capital allegedly fail…
XRP lawyer Bill Morgan recently expressed scepticism regarding the SEC’s terminology for digital assets. His concern centres around the appropriateness of the term “digital asset security” and the necessity for a dedicated S-1 registration proposed by SEC Commissioner Mark Uyeda. SEC Commissioner Pr…
The Securities and Exchange Commission is facing criticism for its recent filing on the FTX bankruptcy, echoing its controversial approach in the Voyager case. In a recent filing, the SEC warned the FTX estate that it may oppose plans to…
A recent submission by the SEC cautions FTX that the agency may oppose any efforts to repay creditors using stablecoins or other digital currencies.