#SEC
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Markus Thielen, Head of Research at Matrixport, believes that the SEC is not targeting stablecoins. The charge against Paxos is indirect. The regulators are planning an attack on Binance, which stored customer funds in the same wallet with its collateral for some in-house tokens.
The regulations require that exchanges' corporate assets must be recorded in separate accounts and cannot form part of the proof-of-reserves calculations.
That's simple: Binance cannot confirm its BUSD reserves. Paxos Trust Company, which is the only issuer of the exchange's stablecoin, serves as a witness in this case, not a defendant.
Has CZ fallen into curly-haired Sam’s trap by mixing up customers' wallets with his own? We find it hard to believe. Hopefully, his accounting skills are way better.
Yesterday, the U.S. Securities and Exchange Commission demanded that Kraken shut down its staking service. And today, SEC Commissioner Hester Peirce lashed out at her fellow regulators over their decision on the crypto exchange.
According to Peirce, the SEC should develop transparent registration rules, instead of banning a program that served both investors and companies well.
"Using enforcement actions to tell people what the law is in an emerging industry is not an efficient or fair way of regulating," the commissioner said.
What title is after commissioner? Start a petition!
Since MS started investing in cryptocurrency, this is the first bitcoin sale. According to a report filed with the SEC, the company liquidated 704 BTC worth about $11.8 million on December 22. The document states:
"MicroStrategy plans to carry forward capital losses resulting from this transaction against prior capital gains to the extent such carryforwards are available under applicable federal income tax laws."
Additionally, between November 1 and December 21, 2022, MicroStrategy bought another 2,395 BTC at an average price of $17,871, according to the report. Coinbase supports Ripple in the confrontation with the SEC
Cryptocurrency exchange Coinbase voiced support for Ripple in the blockchain company's legal battle with SEC that lasted nearly two years. The company filed a request for an amicus curiae or “friends of the court” rule and formally applied to the US District Court. Kraken has no SEC registration plans
On September 21, the cryptocurrency exchange Kraken announced a staff change. Jesse Powell as CEO was replaced by COO Dave Ripley. The new CEO said that the platform is not going to register with the SEC, as the regulator insists from all participants in the crypto market. SEC news. Draft of the strategic plan for 2022-2026
Protecting investors, supporting markets, and creating favorable conditions for capital accumulation are the main objectives of the SEC (the US Securities and Exchange Commission). The financial regulator presented its strategic plan for 2022-2026 for public discussion. What measures does the SEC plan to take shortly?
The SEC accuses Paxos Trust, the Pax Dollar, and BUSD stablecoins issuer, of illegal trading securities. You sound like a broken record, Mr. Gensler!
The Commission seems to have a hard time in court: Paxos has been authorized by the New York Department of Financial Services (NYDFS); it operates under its supervision, and its stablecoins are actively used by institutional investors in the United States.
The crypto community will see an epic battle between SEC prosecutors and NYDFS lawyers! We’re wondering who has more powerful attorneys: Paxos or Ripple?
This time the SEC hits the crypto exchange Kraken over a possible violation of the Securities Act. Incoming CEO Dave Ripley has refused to delist tokens determined as securities under the Howey test and is now having troubles with the SEC.
This case may be settled in the coming days and will make a decisive difference for the entire crypto community. It is also rumored that the SEC intends to ban retail staking.
Genesis and Gemini keep their fingers crossed, as they have already stepped into Kraken's shoes once before. SEC charges Genesis and Gemini with violating the Securities Act
On January 12, the regulator published an indictment against crypto lender Genesis Global Capital and cryptocurrency exchange Gemini Trust. According to the SEC, companies illegally offered and sold securities through the Gemini Earn program. SEC, DOJ and CFTC investigate crypto platform FTX
The attention of US regulators is focused on the FTX crypto exchange. US regulators the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission and the Department of Justice (DoJ) are probing beleaguered crypto exchange FTX. 








