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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 ...
The motion to request a stay for 60 days marks the first clear effort to retreat from the SEC's previous crypto enforcement under Democratic leadership. ... a review of existing court cases like ...
Gensler underscored with reporters that most of crypto is already covered under the custody rule updated in 2009 and that this is a priority for enforcement action and examination by the 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 ...
In December 2011, the SEC filed the final two actions in a series of cases in a wide-ranging complex bid-rigging scheme involving several financial firms related to the reinvestment of proceeds from the sale of municipal securities. In these two actions, the SEC charged Wachovia Bank N.A. with fraudulently rigging the bids of at least 58 ...
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 ...
After U.S. District Judge Robert Shelby ordered the SEC to explain its actions, lawyers for the agency admitted the SEC had committed errors, but asked Shelby not to issue a formal punishment.
While the SEC argued its actions are justified under the Securities Act of 1933 and Exchange Act of 1934, the laws don’t apply to digital assets like cryptocurrencies, which didn’t exist 90 ...