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SEC listing 9 tokens as securities in insider trading case ‘could have broad implications’ — CFTC

CFTC Commissioner Caroline Pham took issue with the SEC labeling certain crypto assets as securities in an example of “regulation by enforcement."

Continue ReadingSEC listing 9 tokens as securities in insider trading case ‘could have broad implications’ — CFTC

US Lawmaker Slams SEC for Not Regulating in Good Faith — ‘Under Chair Gensler, SEC Has Become Power-Hungry’

A U.S. congressman has slammed the Securities and Exchange Commission (SEC) and Chair Gary Gensler for cracking down on companies outside the SEC’s jurisdiction. The SEC “is not regulating in…

Continue ReadingUS Lawmaker Slams SEC for Not Regulating in Good Faith — ‘Under Chair Gensler, SEC Has Become Power-Hungry’

US lawmaker criticizes SEC enforcement director for not going after ‘big fish’ crypto exchanges

Representative Brad Sherman said the SEC's enforcement case against Poloniex was like going after "small fish" compared to major exchanges, which may include Kraken and Coinbase.

Continue ReadingUS lawmaker criticizes SEC enforcement director for not going after ‘big fish’ crypto exchanges

US Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate

U.S. Senator Elizabeth Warren says that “too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money.”…

Continue ReadingUS Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate