Robinhood’s Crypto Business Practices Under Investigation by SEC

Robinhood’s Crypto Business received SEC Subpoena during the month of December as per the 10-K filing. Robinhood Markets, a leading online brokerage firm, has recently disclosed in its latest 10-K filing that it has received an investigative subpoena from the…

Banking regulators would be better for overseeing stablecoins than the SEC – Circle’s CEO

According to the Jeremy Allaire, CEO of Circle, banking regulators would probably be more effective in providing oversight for stablecoins. He also expressed his general agreement with the SEC’s proposal for a qualified custodian. During an interview with Bloomberg yesterday,…

Regulators oppose Binance.US and Voyager’s billion$ deal for being unlawful, with a focus on Voyager’s VGX token

Regulators from New York and federal finance have filed objections to the $1.02 billion deal proposed by Binance.US to acquire assets from the bankrupt crypto lender Voyager Digital.As per Feb 22 filings, it could be discriminatory and unlawful. As per…

Four New Criminal Charges Filed Against FTX Founder Sam Bankman-Fried

Former FTX founder Sam Bankman-Fried (SBF) is facing new charges that include operating an unlicensed money transfer business and involvement in bank fraud. The indictment alleges that SBF used his position of trust to steal FTX customer deposits and used…

Hong Kong plans to make crypto purchase and trading legal for all of its citizens

While United States is struggling to give a clear legislation to crypto companies and pushing them away from the boundaries with hefty fines, Hong Kong legislators plans to make crypto available to all its citizens starting June 1st. This will…

Former Coinbase Executive Admits to Insider Trading Scheme

A former product manager of Coinbase Global Inc., Ishan Wahi, pleaded guilty in what is being considered the first-ever insider trading case related to cryptocurrency. The 32-year-old appeared in a federal court in Manhattan and pleaded guilty to two counts…

SEC Provides Companies with A Sample Letter Regarding Crypto Asset Markets

The Securities and Exchange Commission (SEC), in a new guideline released on Thursday, requires entities that issue securities to disclose to investors their exposure to possible risk in the cryptocurrency market. Guide For Crypto Asset Markets The guideline was made…

Curtains Closing On Ripple Case After 2-year Legal Battle

Ripple is finally looking forward to the SEC lawsuit’s resolution after nearly two years of protracted litigation. Ripple’s Counsel Drops Suit Hints On December 6th, Stuart Alderoty, the general counsel at Ripple, forwarded a tweet from Brad Garlinghouse in which…

Bahamian SEC Ordered FTX to Send Digital Assets to Its Wallet

On November 18, the Bahamas’ Securities Commission made public its directive to FTX to transfer digital assets under its management to the Commission’s wallet on November 12. The regulator stated that the directive was required to protect the interests of…

SEC Chairman Calls For Investor Protection Amid FTX Debacle, As Skepticism Rises

Gary Gensler, the chairman of the SEC, spoke about the current market crisis brought on by the FTX disaster in an interview with CNBC’s Squawk Box. Gensler, who has been promoting more regulation and pursuing several crypto businesses for fraud…