#SEC

The Texas-based clothing company Beba and the DeFi Education Fund (DEF) have filed a lawsuit to challenge the SEC's classification of airdropped BEBA tokens as investment contracts (securities).

In a recent publication, SEC Chairman Gary Gensler recognized the potential benefits of artificial intelligence (AI) in the financial sector but cautioned that not every company claiming to use AI is doing so, despite their assertive statements.

A US court has declared that trading certain cryptocurrencies on the secondary market amounts to dealing in securities, thereby falling under the purview of the Securities and Exchange Commission (SEC). Judge Tana Lin delivered this verdict while presiding over an insider trading case involving acquaintances of employees at the crypto exchange Coinbase.

The U.S. Securities and Exchange Commission (SEC) contends that bankrupt Terraform Labs should not be permitted to cover the costs of expensive legal representation for its employees.

Ladan Stewart, the leader of the SEC's crypto unit, has transitioned from the agency to join the law firm White & Case, Bloomberg reports. In her new role, she will spearhead the development of crypto and cybersecurity practices.

SEC Chairman Gary Gensler, in a CNBC interview, emphasized that the recent approval of spot Bitcoin ETFs shouldn't be seen as an endorsement for similar products, including Ethereum ETFs.

John Reed Stark, a lawyer and former SEC enforcement chief, has labeled the effort by the leadership of the now-bankrupt crypto exchange FTX and its associated legal firms to relaunch the platform as blatant fraud. He predicts that by the end of 2024, each attorney involved in this case will afford to buy a luxury beach house, effectively financed by the funds of FTX users.

In the ongoing SEC vs Binance case, Federal Judge Amy Berman Jackson is seeking the commission's arguments to determine if digital assets should be classified as securities. Binance is set to engage in discussions, especially concerning staking and the definition of securities' 'duration'.

The U.S. Securities and Exchange Commission (SEC) has charged an additional 17 managers connected to the cryptocurrency platform CryptoFX, accusing them of orchestrating a $300 million Ponzi scheme. This action comes 18 months after the SEC banned CryptoFX's operations and accused its founders of fraud.

SEC Commissioner Hester Peirce has advocated for a shift towards a more decentralized American financial system and called for lighter regulations, including those affecting cryptocurrencies. She has been a vocal supporter of digital assets since her appointment in 2018.

Ulrich Bindseil, Director General of Market Infrastructure and Payments at the European Central Bank, along with his advisor Jürgen Schaaf, have openly expressed their disappointment with Bitcoin ETFs and the influx of capital into the crypto sector after the SEC's landmark decision.

Asset management firm AllianceBernste posits that Ethereum (ETH) might be the only cryptocurrency to follow Bitcoin in receiving the green light from the U.S. Securities and Exchange Commission (SEC) for the launch of an exchange-traded fund (ETF). Analysts from the firm estimate a 50% chance of an Ethereum ETF being approved by May 2024, with the likelihood nearing 100% by the end of the year.

The Financial Supervisory Service of South Korea (FSS) intends to meet with business representatives and the US Securities and Exchange Commission (SEC) to gather detailed information about Bitcoin ETFs. These plans were announced by the FSS Governor, Lee Bok-hyun, during a presentation in Seoul outlining his action plan for the near future.

The Securities and Exchange Commission (SEC) has issued a press release targeting Brian Sewell, founder of Rockwell Capital Management. Sewell reportedly encouraged hundreds of online students to invest in his fund, claiming it employed cutting-edge AI-based crypto trading strategies.

Thailand's Securities and Exchange Commission (SEC) has revised its crypto industry regulations, creating a more business-friendly and user-oriented environment. One significant adjustment is the removal of the previous limit on investment volumes in tokens backed by tangible assets.

The U.S. Securities and Exchange Commission (SEC) has confirmed that an attacker gained unauthorized access to its X account through a SIM swap attack.

Brad Garlinghouse, CEO of Ripple, foresees an increase in cryptocurrency ETF approvals in 2024, especially in the wake of the SEC's recent green light for a spot Bitcoin ETF.