Daily Archives: June 16, 2022, 12:17 pm

Crypto-SPAC Deals Stuck in SEC Limbo as Token Demand Plunges

Crypto companies that have been trying to go public since last year’s boom remain stuck in a lengthy back-and-forth with US regulators, adding to the pile of challenges facing the industry. Bids to merge with blank-check companies are getting scrutiny from accountants at the Securities and Exchange Commissionbecause the asset class raises fresh bookkeeping issues, according to people familiar with…

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Elon Musk appeals judge’s refusal to lift SEC restrictions on Tesla tweets

Elon Musk on Wednesday appealed a judge’s refusal to end his 2018 agreement with the Securities and Exchange Commission requiring a Tesla lawyer to vet some of his posts on Twitter. According to a court filing, Musk will ask the 2nd US Circuit Court of Appeals in Manhattan to overturn the April 27 decision by US District Judge Lewis Liman allowing his consent decree with…

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Musk, Tesla, SpaceX Are Sued for Alleged Dogecoin Pyramid Scheme – Bloomberg

Keith Johnson, “an American citizen who was defrauded out of money by defendants’ Dogecoin Crypto Pyramid Scheme,” sued Musk and his companies, claiming they constitute an illegal racketeering enterprise to inflate Dogecoin’s price. “Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all,” Johnson said in his complaint, filed Thursday in federal…

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Commissioner Peirce wants SEC to cut itself off at the knees | John Reed Stark on LinkedIn

So what does SEC Commissioner Peirce decide to do during the height of this horrific crypto-carnage? Commissioner Peirce takes the opportunity to give a speech advocating that, when it comes to the cryptocurrency marketplace (bitcoin, DeFi, etc.), the SEC needs to adopt a kinder and gentler enforcement and regulatory approach. Yes, you read that right — Commissioner Peirce wants to…

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