3M Company Faces Staggering SEC Fines for Suspected Violations in China – A Shocking Revelation!
SEC Imposes Heavy Fine on 3M Company for Alleged Bribery Scandal The American conglomerate, 3M Company, found itself at the center of a scandal that led to a hefty fine of over $6.5 million imposed by the U.S. Securities and Exchange Commission (SEC). The charges revolved around allegations of 3M directing bribery towards Chinese hospital […]
Breaking: Ethereum Skyrockets 11% Amidst SEC’s Looming Approval of Futures ETF!
The Surge in Ether (ETH) Price Following US SEC’s Move on Ether Futures ETFs With the recent news that Ether Futures will be allowed by the United States Securities and Exchange Commission (SEC) to base the first exchange-traded funds (ETFs), the price of Ether (ETH) experienced an approximate 11% rise to $1,700. This development was […]
Anticipated SEC-Grayscale Decision Could Propel Crypto into New Momentum, Predicts John Deaton
John Deaton, a well-known advocate for Ripple and the founder of Crypto-Law.US, recently shared his views on a tweet by Bloomberg’s top ETF analyst, Eric Balchunas. The tweet addressed the imminent verdict expected from the court relating to a lawsuit filed by Grayscale against the U.S. Securities Exchange Commission (SEC). Details of the Grayscale vs. […]
SEC Insider Trading Charges Rock Trump Media SPAC Acquisition: Breaking Details Inside!
SEC Files Charges Against Former Digital World Acquisition Corp. Board Member The U.S. Securities and Exchange Commission (SEC) has recently filed charges against three individuals, a notable one amongst them being Bruce Garelick, who is a former board member of Digital World Acquisition Corp. (DWAC). The other two individuals charged by the SEC are Gerald […]
SEC Declares 37 Cryptos as Securities: The Stunning Impact on Your Trading Future
The line demarcating cryptos and traditional financial instruments has become a source of rigorous debate among market participants and regulators. The US Securities and Exchange Commission (SEC) has emerged as a central figure in this conversation, primarily due to its role in regulating securities. Recent decisions by the SEC have now firmly classified certain cryptos […]
“Kraken’s Legal Ace Reveals U.S. Congress Progress Putting SEC in a Tantalizing Bind!”
While the U.S. Securities and Exchange Commission (SEC) continues to enforce strict regulations on the crypto industry, Marco Santori, chief legal officer at Kraken, believes that a specific legal doctrine could undermine the agency’s authority. The major questions doctrine, a point of U.S. administrative law that suggests federal agencies should not take action in front […]
“SEC Shuts Down 50+ Fraudulent Websites: Scams Exposed, Millions Saved from Investment Schemes”
The US Securities and Exchange Commission (SEC) has recently clamped down on fraudulent investment platforms by charging GA Investors and several other unnamed platforms. These platforms had been innocuously offering securities, including crypto asset mining pools, via dozens of websites. In response to this discovery, the SEC has ordered the immediate removal of these websites, […]
Bittrex Goes Bankrupt: Crypto Exchange Crumbles Post-SEC Complaint – Folded in Just Weeks!
Bittrex, a leading cryptocurrency exchange, has announced that it has filed for Chapter 11 bankruptcy in federal court in Delaware. This development follows less than a month after the US Securities and Exchange Commission (SEC) charged the company with operating as a securities exchange, broker, and clearing agency without registering with the agency. Bittrex has […]
“Blockchain Association Demands SEC Custody Rule Revamp for Crypto Revolution”
The US Securities Exchange Commission (SEC) has proposed a new custody rule that would cover client assets under an investment adviser. However, Blockchain Association representatives believe that the rule needs revision, claiming it requires “qualified custodians” and that it should “adequately account” for digital asset features. In particular, they argue that it would prevent “digital […]
“Ripple CEO Reveals $200M Cost to Defend Against SEC – A Battle Worth Fighting?”
Ripple CEO Brad Garlinghouse revealed during a fireside chat at the Dubai Fintech Summit on May 8, 2021, that the company has spent $200 million defending itself against a lawsuit brought by the United States Securities Exchange Commission (SEC). The case against Ripple, which the company believes does not make sense from its very beginning, […]