On Wednesday, Judge Analisa Torres brought the first chapter of a major Securities and Exchange Commission crypto case to a close, imposing a $125 million penalty on the digital assets firm Ripple and forbidding the company from violating securities law in the future. The penalty fell fall short of the $2 billion the SEC had
Skybridge Capital founder Anthony Scaramucci says that the next crypto bull market could be ignited by a new wave of clear crypto regulations. In a new interview on CNBC Squawk Box, the ex-White House communications director says that he and two other prominent figures in the industry went to Washington, D.C. to speak to officials
Former President Donald Trump has selected Sen. J.D. Vance of Ohio as his vice presidential running mate, and like Trump, Vance is a crypto-friendly candidate. In a 2022 financial disclosure, Vance reported owning holdings in Bitcoin through Coinbase valued between $100,001 and $250,000. Spotify rolled out comments on podcasts Trump has positioned himself as a
As the crypto industry continues its calls for regulatory clarity, a glaring question has been whether stablecoins, typically digital assets pegged to and backed by the U.S. dollar, should be treated as securities. Now, a decision by the Securities and Exchange Commission to quietly end a probe into the New York stablecoin issuer Paxos suggests
On Friday, the Securities and Exchange Commission brought its latest lawsuit against the crypto industry, this time targeting Consensys, a blockchain firm focused on the Ethereum network best known for its MetaMask wallet product. Echoing similar complaints brought against other crypto firms, such as Coinbase and Kraken, the SEC is alleging Consensys violated federal securities
Neither Gary Gensler nor Elizabeth Warren is a fan of crypto. Photo: Chip Somodevilla/Getty Images On a warm evening in late September 2023, Mike Novogratz, the billionaire hedge funder turned crypto investor, walked into a restaurant in Washington, D.C. In town from New York, the CEO of Galaxy Digital had spent the day on Capitol
By Alexandra Ulmer SAN FRANCISCO (Reuters) -Republican presidential candidate Donald Trump presented himself as a champion for cryptocurrency and slammed Democrats’ attempts to regulate the sector during a San Francisco fundraiser on Thursday, three sources present told Reuters. Trump raised $12 million from the fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya
SEC Chair Gary Gensler said crypto firms need to beef up their disclosure. But Gensler abandoned more forceful language and took a softer tone overall toward crypto. Crypto companies need to disclose more information about their tokens, Securities and Exchange Commission Chair Gary Gensler said Wednesday on CNBC. But his statements were notable for what
Much of the crypto sector has been apprehensive about the ribbon cutting on Prometheum’s custody and trading operations, which the firm said will fully comply with U.S. Securities and Exchange Commission (SEC) demands. The doors have so far stayed shut well past the target date, but the company explained it’s still finishing a process for
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler thinks American crypto investors aren’t receiving enough information about most digital assets. The SEC recently sent out a Wells Notice to Robinhood’s crypto arm, alerting the retail trading giant that it’s planning to pursue legal action against them. In a recent interview with CNBC, Gensler says