SEC

Kik Shoots Crypto Fund To Faceoff SEC

Kik Shoots Crypto Fund To Faceoff SEC

A crypto defense fund dubbed as Defend Crypto has been propelled by Kik (a public blockchain application) through crowdfunding source to fight the U.S. Securities and Exchanges Commission with a self adopted motto “on behalf of the future of crypto in the US.” Kik explained, “After months of trying to find a reasonable solution, Kin (its crypto) has been unable to reach a settlement that wouldn’t severely impact the Kin project and everyone in the space.”

Argyle Coin ICO is facing SEC Impasse

Argyle Coin ICO is facing SEC Impasse

Argyle Coin (headquartered in South Florida) which boasted itself as world’s first cryptocurrency with tokens pegged to diamonds, is ordered to halt its ICO (initial coin offering) by US Securities and Exchange Commission (SEC) and as emergency measure all of its assets frozen, because of charges against its principal Jose Angel Aman. SEC took hardline against the firm by calling the project as an outright securities fraud and a form of ponzi scheme.

USSEC Reserves Verdict On VanEck ETF Application

USSEC Reserves Verdict On VanEck ETF Application

The United States Securities and Exchange Commission (SEC) has delayed its decision on the VanEck bitcoin exchange-traded fund (ETF) proposal. The SEC has added a 35 day period for gathering more information and opinions on the proposal, which was initially filed by the Chicago Board Options Exchange (CBOE) last year. The SEC previously delayed its decision on the Securities Act update proposal which would allow bitcoin ETFs to be traded on CBOE.

Blockchain Co CEO Fined by SEC

Blockchain Co CEO Fined by SEC

The United States Securities and Exchange Commission (SEC) has recently fined the CEO of NextBlock Global Alex Tapscott worth of $25,000. The SEC then explained, “These misrepresentations were part of the selling point of NextBlock’s fundraising effort: that NextBlock and Tapscott had access to, and unparalleled relationships with, opinion-makers, the best entrepreneurs, and the highest profile figures in the blockchain community.”

Regulatory Delays Hamper Bitcoin, SEC Worried

Regulatory Delays Hamper Bitcoin, SEC Worried

US Securities and Exchange Commission (SEC) commissioner Hester Peirce showed her concern that delays by the SEC in determining regulations for cryptocurrency may have hampered progress in the industry. Nicknamed Crypto Mom for her past words in support of the industry, Peirce was speaking at the Securities Enforcement Forum in East Palo Alto, California. Back in February, Peirce proposed that a protracted process of US crypto regulation could be positive, allowing more freedom for the industry to mature on its own.

Blockchain Forum to be Held by SEC

Blockchain Forum to be Held by SEC

The US Securities and Exchange Commission (SEC) has shared their plan to organize a public forum which will be discussing the blockchain and cryptocurrency assets. The press release published by the SEC, however, didn’t provide much information to the public forum however made it clear that the forum will be focusing on “active engagement with market participants on new financial technologies”.

SEC Suspends Trading of Crypto Exchange Bitcoin Generation

SEC Suspends Trading of Crypto Exchange Bitcoin Generation

US Securities and Exchange Commission (SEC) has temporarily suspended trading in the securities of crypto exchange Bitcoin Generation. The SEC said it had taken the decision due to concerns about the accuracy and adequacy of information in the marketplace surrounding its outstanding common stock, promotional activities and the impact they had on the market, as well as the company current financial condition. Brokers and dealers are being urged to strictly comply with the commission rules.

SEC Plans to Hire in-House Crypto Specialist

SEC Plans to Hire in-House Crypto Specialist

The US finance regulator, the Securities and Exchange Commission (SEC), is hiring a dedicated staff member to provide expertise on cryptocurrency. The SEC, which keeps on resolving strategy with respect to U.S. local treatment of digital currency tokens, will pay up to $239k every year for its Crypto Specialist. The SEC is dedicating extensive vitality to ensuring tokens and their backers keep surviving securities laws, focusing on organizations with legitimate procedures to guarantee consistency.

Permission For Treasury Bond-Backed Stablecoin Startup Seeks To SEC

Permission For Treasury Bond-Backed Stablecoin Startup Seeks To SEC

A digital asset management startup located in Los Angels, Arca is seeking Securities and Exchange Commission (SEC) approval to sell a new type of stablecoin to retail investors. In its document: “It is therefore anticipated that the underlying portfolio, and the NAV of Arca UST Coins, will have relatively little volatility. Although holders of Arca UST Coins could experience greater NAV volatility compared to typical stablecoins, such volatility will be relatively limited.”

US Decision on Crypto ETFs Remains Pending

US Decision on Crypto ETFs Remains Pending

U.S. Securities and Exchange Commission (SEC) is still keeping the crypto community on wait and yet to finalise on various rule changes considered and proposed. SEC’s statement, “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change.”