Tag: Crypto exchanges

SEC Faces Calls to Boost Crypto-Exchange Enforcement After FTX Collapse – WSJ

The SEC has said many cryptocurrencies qualify as securities that should have been sold under rules for stocks and bonds. SEC Chair Gary Gensler has said exchanges are breaking the law by selling those unregistered securities and not following rules that the Nasdaq Stock Market and the New York Stock Exchange observe. Some lawyers say that despite such assertions, the…

Read More

US Senator Introduces Crypto Bill To Limit SEC’s Reach Over Exchanges | Coin Culture

A Republican senator has introduced new legislation that would shield crypto exchange platforms from some SEC enforcement proceedings. According to a recent news release, Tennessee Representative Bill Hagerty is proposing the Digital Certainty Act of 2022 to protect cryptocurrency exchanges from SEC overreach and give legislative clarity about the classification of virtual assets. Haggerty asserts that legislative uncertainty impedes the…

Read More

Every U.S. Crypto Exchange (And Binance) Is Being Investigated By The SEC, Says Senator Lummis Staffer

Widely circulated reports that the U.S. Securities and Exchange Commission (SEC) is investigating $20 billion crypto exchange Coinbase are just the tip of the iceberg, according to a staffer from U.S. Senator Cynthia Lummis’ (R-Wy) office. The staffer says every U.S. crypto exchange—and the largest crypto exchange in the world, Binance—are in various stages of being investigated. There are more…

Read More

SEC launches insider trading inquiry into crypto exchanges | Fox Business

The U.S. Securities and Exchange Commission has launched a sweeping inquiry into whether crypto exchanges have proper safeguards to prevent insider trading on their platforms, FOX Business has learned. According to a person with direct knowledge of the inquiry, the SEC has sent a letter to one major crypto exchange requesting information about how the platform protects users from insider…

Read More