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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 ...
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.
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 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 ...
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 ...
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission said on Wednesday it is appealing a court ruling that restricted its ability to regulate cryptocurrency markets. Wall Street's main ...
A few weeks later, the agency filed a response admitting to mistakes, with SEC enforcement chief Gurbir Grewal apologizing for the "shortfall" in the case. Still, agency lawyers asked Shelby to ...
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: