US SEC

In a Tuesday press release, the US Securities and Exchange Commission announced charges against disgraced FTX founder Sam Bankman-Fried. The charges come shortly after Bahamian authorities took custody of the ex-CEO of the now-defunct exchange. SBF Falsely Promoted FTX The SEC’s complaint pointed out that Bankman-Fried had pushed his exchange platform as a reliable option for crypto trading. As such, since May 2019, the Bahamas-based firm was able to raise over $1.8B from equity investors. About $1.1B of this reportedly…

The U.S. Senate expects the Securities and Exchange Commission (SEC) Chairholder, Gary Gensler, to appear before them today. According to CNBC, U.S. lawmakers will grill him over the regulation of cryptocurrencies. Moreover, the senate questions the SEC for taking a longer time than expected to endorse the monitoring of cryptos. The Senate Queries the SEC Leader's Plans Gensler will face leaders from U.S. political parties regarding Stablecoins, Bitcoin, and other digital assets. According to reports, Gensler may ask for support…

On the 2nd of January 2020, the US SEC filed a court order against telegram to release information on how it spent its funds from its Initial Coin Offering. The ongoing case took a new shape as the commission is seeking legal means of getting information related to the case. As per the SEC, the $1.7 billion raised by Telegram from the sales of Gram tokens consisted of unregistered securities sales. US SEC Requests ICO Spending Information from Telegram The…