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SEC Fines Nvidia $5.5 Million for Failing to Disclose Crypto Mining Significantly Boosted Its Revenue

The U.S. Securities and Exchange Commission (SEC) has charged Nvidia Corp. for failing to disclose that crypto mining significantly boosted its revenue. The company agreed to a cease-and-desist order and…

Continue ReadingSEC Fines Nvidia $5.5 Million for Failing to Disclose Crypto Mining Significantly Boosted Its Revenue

Nvidia to pay $5.5M as part of SEC case concerning ‘inadequate disclosures’ around crypto mining

"All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete, and accurate," said Kristina Littman.

Continue ReadingNvidia to pay $5.5M as part of SEC case concerning ‘inadequate disclosures’ around crypto mining

SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

Anthony Scaramucci predicts that the next presidential candidacy will be pro-crypto and that a Bitcoin ETF will happen by the end of 2022 given recent developments on Capitol Hill.

Continue ReadingSkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement

Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a…

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New crypto litigation tracker highlights 300 cases from SafeMoon to Pepe the Frog

The SEC, CFTC and DOJ have seven cases either resolved or ongoing this year, with the litigation against husband-wife duo Ilya Lichtenstein and Heather Morgan being the most high profile.

Continue ReadingNew crypto litigation tracker highlights 300 cases from SafeMoon to Pepe the Frog

SEC Nearly Doubles Crypto Enforcement Unit — Regulator Says ‘Crypto Markets Have Exploded in Recent Years’

The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to…

Continue ReadingSEC Nearly Doubles Crypto Enforcement Unit — Regulator Says ‘Crypto Markets Have Exploded in Recent Years’