Signs are pointing to a long and strategic effort to regulate what has been called the "Wild West" of the crypto market. Congress has approved a bigger budget for the Securities and Exchange Commission (SEC), and Gary Gensler, chair of the SEC, recently said of the...
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Cryptocurrency
SEC claims crypto lender and crypto exchange sold unregistered securities
The Securities and Exchange Commission (SEC) has accused Genesis, a cryptocurrency lender, and Gemini, a crypto exchange, of failing to register a product as a securities offering. The product, called Earn, was touted as providing yields of up to 8%. Earn was...
SEC announces charges in alleged $295 million crypto Ponzi scheme
In a recent complaint, the Securities and Exchange Commission (SEC) announced charges against four individuals allegedly involved in a cryptocurrency Ponzi scheme that took in money from more than 100,000 investors worldwide. The individuals are charged in connection...
Kim Kardashian settles crypto case with SEC
The Securities and Exchange Commission is keeping up with Kim Kardashian after she allegedly violated a provision of federal securities laws when she failed to disclose a $250,000 payment received from EthereumMax (EMAX) for touting a crypto asset. What happened? The...
DOJ Announces Guilty Plea in First-Ever Crypto Insider Trading Case
Back in July, a former product manager at Coinbase Global Inc. was arrested for allegedly providing insider information to help his brother and a friend purchase crypto tokens before they were listed on the Coinbase exchange. Now the Department of Justice (DOJ) has...
Heightened Crypto Enforcement Signaled by Multiple Federal Agencies
For years now, legislative inaction has given rise to jurisdictional ambiguities in the regulation of cryptocurrencies and decentralized finance (DeFi). Multiple regulatory agencies — most notably the U.S. Securities and Exchange Commission (SEC) and U.S. Commodity...
Crypto Investor Accuses Crypto Ranking Site of Price Manipulation
A cryptocurrency investor in Arizona has alleged that digital asset ranking site CoinMarketCap.com unfairly suppressed the ranking of a token that competes directly with the digital currency issued by CoinMarketCap's corporate owner, Binance Capital Management....
Corporations Must Navigate Risks as Interest in Crypto Intensifies
Rather than investing in traditional low-risk, low-yield assets like commercial paper, money markets and government debt, corporations are increasingly converting cash reserves into digital currencies. For many, cryptocurrencies are a hedge against inflation concerns...
A Startling Development in the Cryptocurrency Market
In a previous post (Getting Started With Cryptocurrency: 4 Things To Know), we discussed the importance of familiarizing yourself with the regulatory issues and uncertainty surrounding cryptocurrency prior to adding it to your investment portfolio or including it in...