Breaking News: SEC – Market Insights, Analysis & Latest Updates

Terraform Labs gets sign off from US bankruptcy judge to begin winding down: Reuters

Terraform Labs has received bankruptcy court approval, planning to pay between $184.5 million to $442.2 million to stakeholders after legal issues involving the SEC and its algorithmic stablecoin.

theblock.co • 19/09/2024 - 20:06 PM

The Daily: Solana's new 'Seeker' crypto phone, Banana Gun's misfire, Trump's bitcoin burgers and more

Solana Mobile's 'Seeker' phone surpasses 140,000 presales; Banana Gun faces wallet issues; Worldcoin tests facial tech; Trump's bitcoin purchase highlights crypto trends.

theblock.co • 19/09/2024 - 17:36 PM

SEC charges DeFi platform Rari Capital with misleading investors and unregistered broker activity

The SEC settled charges against Rari Capital for misleading investors and unregistered broker activity, resulting in significant financial penalties and future compliance commitments.

theblock.co • 18/09/2024 - 19:47 PM

'It’s cool to hate Ethereum right now. I bet this ends up looking silly,' Bitwise CIO says

Bitwise CIO Matt Hougan discusses Ethereum's challenges and potential, highlighting its established success despite competition and regulatory concerns, proposing it as a contrarian investment approach.

theblock.co • 18/09/2024 - 12:53 PM

In letter to Gensler, Republicans urge SEC to clarify how it treats crypto airdrops

Top GOP lawmakers seek clarity from the SEC on airdrop regulations, accusing it of stifling innovation and demanding answers from SEC Chair Gensler by September 30.

theblock.co • 17/09/2024 - 21:07 PM

CRIME
SEC

SEC charges NanoBit and CoinW6 in alleged 'relationship investment scams' using social media

The SEC filed two complaints against five entities and three people on Tuesday for their alleged involvement in relationship investment scams. The agency said the enforcement action marked its first attempt to prosecute this type of scam.

theblock.co • 17/09/2024 - 19:31 PM

Auditor Prager Metis settles SEC charges for negligence while investigating FTX

The SEC settled with Prager Metis for $1.95 million over misconduct in its audits of FTX, citing false reports and failures in professional standards.

theblock.co • 17/09/2024 - 16:59 PM

LAWSUITS
SEC

New York restaurant Flyfish Club settles with SEC over NFTs and agrees to pay $750,000

Flyfish Club settled with the SEC for $750,000 over unregistered NFT offerings, generating $14.8 million. Controversy arises over NFTs being classified as securities versus utility tokens.

theblock.co • 16/09/2024 - 21:44 PM

LAWSUITS
SEC

New York restaurant Flyfish Club settles with SEC over NFTs and agrees to pay $750,000

Flyfish Club LLC settled with the SEC, paying $750,000 for unregistered NFT sales. Commissioners criticized the classification of NFTs as securities, advocating for greater creative freedom in the NFT space.

theblock.co • 16/09/2024 - 21:44 PM

World Liberty Financial crypto project could deepen political divides if Trump wins presidential election: TD Cowen

Trump's launch of World Liberty Financial may deepen political divides and impact crypto regulations, according to investment bank TD Cowen, raising concerns over potential conflicts of interest.

theblock.co • 16/09/2024 - 20:46 PM

Currency