SEC | FinTelegram News

Category: SEC

September 27, 2023

Investment Giant Franklin Templeton Ventures Into Bitcoin ETF Market

Franklin Templeton, a renowned global investment firm with roughly $1.45 trillion worth of assets under management, has recently submitted an application for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This move places Franklin Templeton alongside other financial giants like BlackRock and Fidelity, who are also vying for the establishment of the inaugural Bitcoin ETF.

September 26, 2023

U.S. SEC Charges Cash Flow King Podcast Host with Running A $11 Million Ponzi Scheme!

An Ohio-based podcast host, Matt Motil, is accused by the U.S. Securities and Exchange Commission (SEC) of fraudulently raising approximately $11 million from more than 50 investors in a Ponzi scheme involving notes purportedly backed by residential properties. Branding himself as the "Cash Flow King" on social media, Motil allegedly issued "promissory notes" backed by properties.

September 23, 2023

The SEC Charges New York Firm Concord Management with Acting as Unregistered Investment For Roman Abramovich!

The U.S. SEC has levied charges against New York-based Concord Management LLC and its founder, Michael Matlin, for functioning as unregistered investment advisers. Their sole client was the Russian oligarch Roman Abramovich, the New York Times reported. Authorities froze over $13 billion; some of those assets were believed to be investments Concord had made for Abramovich.

September 22, 2023

Court Battle: Binance Moved To Dismiss SEC Lawsuit!

Binance, Binance.US, and Changpeng Zhao (CZ) have moved to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC), arguing that the regulator has not convincingly alleged certain securities-related breaches. They further contend that the SEC is attempting to bring digital assets under its supervision, even though U.S. Congress has not clearly defined such a directive. In June, the SEC initiated legal action against the Binance Group.

Crypto
SEC

September 6, 2023

SEC Approval Of Crypto ETF May Be Inevitable, Says Former Chair Jay Clayton.

Bitcoin, Ethereum, and other leading cryptocurrencies are gearing up for a potentially significant month. Despite a recent dip in Bitcoin's value, possibly influenced by events in China, other major cryptocurrencies like Ethereum and XRP have also declined, especially after an anticipated market disruptor didn't come to fruition. Former U.S. Securities and Exchange Commission (SEC) chair Jay Clayton has indicated that the approval of a Bitcoin spot exchange-traded fund (ETF) is likely.

September 1, 2023

SEC Postpones Spot Crypto ETF Decisions, Affecting Major Players like BlackRock and Fidelity

On "Bloomberg Markets," Michael Sonnenshein, the CEO of Grayscale Investments, characterized the U.S. appeals court's decision to overturn the U.S. Securities and Exchange Commission's (SEC) block on his company's proposed Bitcoin exchange-traded fund (ETF) as a significant victory. This ruling has reignited optimism for launching the inaugural US crypto ETF. However, the SEC has pushed back its decision deadline until October for all the applications.

August 30, 2023

Crypto ETF: Another Court Battle Defeat Of SEC May Be A Turning Point For The Crypto Industry!

In a pivotal ruling that has captured the attention of financial experts and cryptocurrency enthusiasts alike, Grayscale has secured a significant victory against the U.S. Securities and Exchange Commission (SEC). This outcome, as detailed in recent court findings (Grayscale v. SEC), permits Grayscale to transition its futures Bitcoin ETF to a spot ETF. Analysts perceive this decision as a transformative moment for the cryptocurrency domain.

Crypto
SEC

August 29, 2023

SEC Charges NFT Issuer For Offering Unregistered Securities!

The U.S. Securities and Exchange Commission (SEC) took a firm stance against Impact Theory, LLC, a Los Angeles-based media and entertainment firm, accusing them of orchestrating an unauthorized public offering of crypto securities via non-fungible tokens (NFTs). The company managed to amass around $30 million from many investors from the U.S. and abroad. It was the SEC's first enforcement action targeting the booming NFT segment.

SEC
ticker

August 26, 2023

SEC Awards Whistleblower More Than $18 Million

The U.S. Securities and Exchange Commission (SEC) SEC recently granted whistleblower award an informant an award exceeding $18 million. This individual's crucial insights and collaboration were pivotal in the successful execution of an SEC enforcement action. After initially identifying and reporting the malpractice within their organization, the informant approached the SEC with this information. This led the Commission to initiate a formal investigation.

August 13, 2023

U.S. Senator And Other Crypto Lobbyists Urge Court to Dismiss SEC’s Coinbase Lawsuit

U.S. Senator Cynthia Lummis, several crypto advocacy groups, and academic professionals urged a federal court to reject the U.S. Securities and Exchange Commission (SEC) lawsuit against the U.S. crypto exchange Coinbase. The parties claim that the SEC is overstepping its boundaries in their amicus filing, which serves as supportive documents to the court. The SEC had previously filed lawsuits against Coinbase and Binance, including its U.S. subsidiary Binance.US, in June.

August 6, 2023

SEC $104 Million Whistleblower Award: Fourth Largest Payout in History Highlights the Power of Informant Insights

The U.S. Securities and Exchange Commission (SEC) has declared rewards totaling over $104 million for seven individuals. Their contributions played a pivotal role in a successful SEC enforcement action and other related actions by a different agency. This collective reward ranks as the fourth highest in the history of the SEC's whistleblower initiative.

July 31, 2023

SEC Chair Gary Gensler: A Regulatory Steward Playing Sheriff in the Crypto Landscape

Gary Gensler, the current chair of the Securities and Exchange Commission (SEC), has been a prominent figure in the financial regulatory landscape. His career spans from his tenure at Goldman Sachs to his role as the chairman of the Commodity Futures Trading Commission (CFTC) under the Obama administration. Gensler is certainly a very critical and highly disputed key player in the evolving world of crypto regulation.