SEC

The post Biden’s Surprise Veto Saves SEC Crypto Guidance: What’s Next for Crypto? appeared first on Coinpedia Fintech News President Joe Biden has vetoed a congressional resolution to invalidate the SEC’s controversial Staff Accounting Bulletin 121 (SAB121). This decision has ignited a debate on the future of digital asset regulation and its impact on financial institutions. What does this mean for the crypto market and its stakeholders? Biden Overturns Congressional Resolution President Biden’s veto is significant in the ongoing struggle…

Terraform Labs and CEO Do Kwon reach a preliminary settlement with the SEC over allegations of misleading investors. The settlement terms are set to be finalized and submitted for court approval by June 12, 2024. According to the Securities and Exchange Commission v. Terraform Labs case, as documented in Court Listener last updated on May 30, 2024, the lawyers representing both parties announced a settlement in principle during a telephone conference before Judge Jed Rakoff. The details are to be…

The post SEC Mandates Friday Deadline for Spot Ethereum ETF Issuers appeared first on Coinpedia Fintech News The SEC has instructed the issuers of spot Ethereum ETFs to submit their newly amended S-1 forms by Friday. This order follows the SEC’s approval of the 19b-4 forms on May 23, marking an important milestone in the ETF launch process. Once the S-1 forms become effective, trading can commence. Despite the tight timeline due to a last-minute change, issuers like VanEck and…

The post Luna Guard Moves 1.974M AVAX After SEC Settlement appeared first on Coinpedia Fintech News The Luna Foundation Guard reportedly moved a significant amount of cryptocurrency between 11:29 and 11:33 UTC+8. Specifically, 1.974 million AVAX, valued at approximately $71.2 million, was transferred to an unidentified address, “0x13…2e27.” This move has raised questions about the foundation’s financial strategies. Notably, this activity comes shortly after Terraform Labs and its co-founder Do Kwon settled a civil fraud case with the SEC.

The post LUNA Price Skyrockets Amid Terraform Labs’ Settlement with SEC appeared first on Coinpedia Fintech News Terraform Labs and its co-founder, Do Kwon, have reached a “settlement in principle” with the U.S. Securities and Exchange Commission (SEC) in a civil fraud case. The SEC previously accused Terraform and Kwon of deceiving their investors about the stability of their products, which resulted in the collapse of their $40 billion ecosystem in May 2022. A recent court filing says a conference…

Ripple Labs has launched a robust legal defense against the SEC’s claims, directly challenging two key arguments presented by the regulatory body. Ripple’s defense strategy underscores the company’s assertion that its present financial standing and historical contracts hold no relevance to the SEC’s case. Ripple Labs has intensified its legal defense against the US Securities and Exchange Commission (SEC) by directly addressing two key arguments put forth by the regulatory body in their ongoing legal battle. This move was detailed…

The celebrity token frenzy seems to be the hottest topic of the week. The newly launched memecoins have been criticized by crypto community members as the tokens have been launched with massive controversy. After a week or so of pumping and dumping, the US Securities and Exchange Commission (SEC) issued an Investor Alert. However, the SEC’s warning didn’t stop more musicians from joining the crypto festival of Q2. SEC Warns About Celebrity Memecoins On Wednesday, the US SEC released an…

Ripple has requested the court to seal sensitive financial documents in its ongoing legal battle with the SEC. The company argues that the disclosure of this information is unnecessary and could be detrimental. In a significant development in the legal showdown between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), Ripple has initiated a motion to seal certain critical documents. This motion underlines the importance of keeping financial information confidential, which the SEC aims to disclose. As…

The post Crypto Becomes U.S. Election Issue: Cathie Wood Explains Sudden SEC Approval of Ethereum ETFs appeared first on Coinpedia Fintech News In a revealing interview with Peter McCormack, host of the What Bitcoin Did podcast, ARK Invest CEO and CIO Cathie Wood made headlines by declaring that cryptocurrency has become a pivotal issue in U.S. politics. Wood suggested that this political shift was a key factor in the U.S. Securities and Exchange Commission’s (SEC) unexpected approval of several ether…