Expect the SEC to Target More Token Exchanges After EtherDelta

The Securities and Exchange Commission’s (SEC) settlement with the founder of EtherDelta is likely the first of many enforcement actions to come against crypto token exchanges. Until recently, the SEC’s scrutiny of the cryptocurrency industry largely focused on projects and teams that raised money through initial coin offerings (ICOs) in possible violation of securities laws. But a person familiar with the SEC’s […]

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New SEC Commissioner Meets With Crypto Cos. On Bitcoin ETF Approval

Elad Roisman, the recently appointed Commissioner of the U.S. Securities and Exchange Commission, met and discussed a bitcoin exchange-traded fund or ETF with related cryptocurrency companies. In a document, the SEC announced that Commissioner Roisman, who took office in September, and his counsels on October 9 met with the representatives of blockchain startup SolidX and money manager V anEck, to […]

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SEC Suspends Trading In American Retail For False Crypto-Related Claims

The Securities and Exchange Commission suspended trading in the securities of American Retail Group, Inc. (ARGB), also known as Simex, Inc. for making false cryptocurrency-related claims. The regulator’s decision follows the company’s statements regarding SEC regulation and registration. In a statement, the SEC said the order is based on the company’s two press releases in August, in which the Nevada-based […]

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VanEck and SolidX Unfazed By the SEC's Latest Bitcoin ETF Delay

The U.S. Securities and Exchange Commission (SEC) recently moved to delay their decision on yet another bitcoin exchange-traded fund (ETF). The move, announced last week, represented the second delay since the proposal was initially filed by options exchange Cboe in partnership with investment management firm VanEck and blockchain technology company SolidX on June 20. As highlighted by Jake Chervinsky, an […]

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SEC Temporarily Suspends Bitcoin, Ether Exchange-traded Notes

The Securities and Exchange Commission announced the temporary suspension of trading in the securities Bitcoin Tracker One and Ether Tracker One exchange-traded notes. The decision is due to the confusion among market participants regarding these instruments, the agency noted. The suspension of Bitcoin Tracker One or CXBTF and Ether Tracker One or CETHF commenced at 5:30 pm EDT September 9, […]

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Philippine SEC Will Soon Release ICO And Cryptocurrency Exchange Rules

The island country is making further headway on cryptocurrency regulation. The Philippines’ Securities and Exchange Commission (SEC) recently indicated that cryptocurrency exchanges may be regulated as trading platforms, according to a September 3 report from The Manila Times. SEC Commissioner Ephyro Luis Amatong told the publication that the commission expects draft rules to be released by the end of next […]

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Three Crypto Platforms Issued Cease and Desist Orders by Colorado Authorities

Three cryptocurrency platforms hoping to service residents in Colorado have been given the red light for not following the proper registration process. ICOs are tricky. If they’re not dodgy, they are a viable and profitable solution to crowdfunding in the cryptocurrency industry. However, fraudulent platforms give this fundraising model a bad name. In fact, we recently reported that ICO scams have raked in […]

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Credit Suisse to Pay $77 Million for Bribery Charges

The Securities and Exchange Commission (SEC) announced on Thursday that Credit Suisse Group AG will pay $77 million in fines to the regulator and the US Department of Justice (DOJ). The Zurich-based bank has been charged with obtaining business in the Asia-Pacific region by hiring people connected to influential Chinese officials. The charges against Credit Suisse are in violation of the […]

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SEC Chairman Issues Public Statement in Support of NASAA's 'Cryptosweep'

The head of the SEC has released a statement today in support of yesterday’s ‘cryptosweep’ — a joint effort between 40 U.S. and Canadian financial regulators to curb fraud in the cryptocurrency and ICO markets. SEC’s Clayton: Public Statement  Jay Clayton, the U.S. Securities and Exchange Commission (SEC) chairman posted posted the public statement on the agency’s website. In it, […]

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