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  2. SEC ‘deeply regrets’ errors in crypto case, asks judge to ...

    www.aol.com/finance/sec-deeply-regrets-errors...

    With Chair Gary Gensler escalating his campaign of enforcement actions against crypto firms, many in the industry pointed to the case as an example of the agency moving too aggressively against ...

  3. Hitting a record high in 2023, SEC enforcement actions ... - AOL

    www.aol.com/finance/hitting-record-high-2023-sec...

    After a calamitous 2022 that included the implosion of FTX, enforcement actions by the Securities and Exchange Commission against crypto firms hit a record high in 2023, according to a new report ...

  4. Regulators and law enforcement crack down on crypto's bad ...

    www.aol.com/news/regulators-law-enforcement...

    Some members of Congress have opposed the SEC's actions on crypto, arguing that the SEC needs congressional approval to justify going after bad actors, or that crypto should be regulated more like ...

  5. Kraken moves to dismiss SEC lawsuit, citing retaliation from ...

    www.aol.com/finance/kraken-moves-dismiss-sec...

    Crypto exchanges have shot back that subsequent case law dictates an actual contract must exist—generally not the case when it comes to crypto trading. "While the SEC invites the Court to adopt ...

  6. SEC v. Wahi - Wikipedia

    en.wikipedia.org/wiki/SEC_v._Wahi

    All three defendants are accused of wire fraud and conspiracy to commit wire fraud. The SEC's prayer for relief insists that the court find that the three defendants violated federal securities laws, permanently restrain and enjoin Defendants from, directly or indirectly, engaging in cryptocurrency trading. fine the three to pay civil penalties, and order the three defendants to surrender an ...

  7. Robinhood gets new legal threat from SEC as crypto ... - AOL

    www.aol.com/finance/robinhood-gets-legal-threat...

    Robinhood said it received a Securities and Exchange Commission warning that the trading platform could face an enforcement action related to its US crypto business.The so-called Wells notice that ...

  8. SEC weighs new rule for safekeeping customers' crypto ... - AOL

    www.aol.com/finance/sec-weighs-rule-safekeeping...

    The SEC on Wednesday announced a new proposal requiring all crypto assets held for U.S. customers be housing with a "qualified custodian" in the wake of the FTX debacle, among other crypto failure ...

  9. Wells notice - Wikipedia

    en.wikipedia.org/wiki/Wells_notice

    The name "Wells notice" is derived from the Wells Committee of the SEC which proposed this process in 1972. This SEC committee was named after John A. Wells, its chair. [5] The other members of the committee were former SEC Chairmen Manuel F. Cohen and Ralph Demmler. [6] Among the recommendations made by the committee was the following: