SEC

Fintech & Ecommerce

Robinhood to Settle SEC Charges

The United States Securities and Exchange Commission (SEC) last Monday, January 13, reported that two broker-dealers of Robinhood, a financial services company, agreed to pay $45 billion in combined civil penalties to settle charges that they did not comply with a broad array of regulatory requirements.

News

SEC Sues Touzi Capital for Misleading Investors

According to the SEC, Touzi Capital stated investor funds would finance crypto mining operations, but they were used for unrelated expenses instead.

News

Klarna Files Plans for American IPO

Swedish Klarna has filed its long-awaited plans to go public in the United States.

Society & Lifestyle

SEC Seeks to Sanction Elon Musk

The Securities and Exchange Commission (SEC) has asked a federal judge to sanction Elon Musk if the billionaire continues to violate a court order to testify about his acquisition of the social media platform Twitter, currently named X, in 2022.

News

SEC Targets NFT Market OpenSea

The United States Securities and Exchange Commission (SEC) has reportedly sent a Wells notice to the OpenSea marketplace, suggesting that non-fungible tokens (NFTs) are securities.

Blockchain & Crypto

SEC Greenlights More Ethereum ETFs

The price of Ethereum has hardly shown any changes even though the United States Securities and Exchange Commission (SEC) has approved the accelerated launch of Ether exchange-traded funds (ETFs).

Blockchain & Crypto

Nigeria’s SEC Hikes Crypto Exchange Registration Fee to N150M

The regulator proposes to increase the registration fee for cryptocurrency exchanges in Nigeria fivefold – from 30 million naira ($18,620) to 150 million naira ($93,000).

News

Kraken Aims to Dismiss SEC Suit to Avoid Dangerous Precedent

Kraken has filed to dismiss an SEC lawsuit that would grant the regulator “boundless authority over commerce and potentially open up the floodgates to private securities law claims,” in the crypto exchange’s opinion.

News

Elon Musk Must Testify in SEC’s Twitter Probe

A federal judge has ordered Elon Musk to testify as part of a probe by the United States Securities and Exchange Commission (SEC) into the $44 billion takeover of Twitter.

Finance & Economics

Morgan Stanley to Pay $249.4 Million to Settle Block Trading Probe

Morgan Stanley has agreed to pay $249.4 million in financial liability for making false statements about block trading practices.

News

SEC Officially Approves Spot Bitcoin ETF

After months of application revisions, bilateral meetings and media speculations, the first Spot Bitcoin ETF in the U.S. is finally approved by the SEC. Here’s how the landmark approval relates to public expectations.

News

Grayscale Refiles Spot Bitcoin ETF Application

Grayscale submitted an amended S-3 filing that includes a cash-only creation model with the U.S. securities regulator.

News

Spot Bitcoin ETF Updates Deadline Set on Dec. 29

The SEC has announced a Dec. 29 update deadline for potential spot Bitcoin ETF providers that wish to receive their approvals in early January.

Blockchain & Crypto

7RCC Applies for ESG-Focused Spot Bitcoin ETF

Crypto firm 7RCC applied for an ESG-focused spot Bitcoin ETF that will include 80% Bitcoin and 20% Carbon Credits Futures with the US SEC.

Blockchain & Crypto

Binance: After the Exodus, the Laundry

Changpeng Zhao, the now ex-CEO of Binance, pleaded guilty to breaking sanctions and money laundering. Binance is set to pay $4.3 billion to settle the criminal charges, one of the largest penalties ever obtained by the US from a corporate defendant. Will Binance, US and otherwise, survive the courthouse trashing of its reputation? Will other […]

Blockchain & Crypto

Fidelity Applies for Ethereum EFT

Fidelity applied to list and trade shares of the spot Ethereum Exchange-Traded Fund (ETF) on the Cboe BZX Exchange.