#Securities and Exchange Commission News

Mark Zuckerberg to Testify Before Congressional Committee on October 23

Facebook: Libra Cryptocurrency Faces Strict Regulatory Standards from U.S. Treasury

September 11, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019. Libra Must Comply or Die As the...

Thai SEC Warns Crypto Traders About Bogus Investment Scam

August 25, 2019 by Aisshwarya Tiwari at Finance

Thai financial watchdog, the Securities and Exchange Commission (SEC), recently warned the public about a new form of investing scam, in which a bogus entity, masquerading as a regulated legal digital currency trading firm solicits traders into investing with it. This, according to a report by the Bangkok Post, August...

Man Holding Spear Throwing it at the SEC Crest

Kik Launches Scathing Rebuttal at SEC

August 7, 2019 by Ashwath Balakrishnan at Altcoins

The messaging app has filed a countersuit against the SEC, claiming the agency has deliberately twisted facts to make it seem like Kik had not complied with necessary regulations. The SEC launched an investigation into Kik and came to the conclusion that their token, Kin, was a security but did...

Crypto Mom Hester Pierce Hugged by crypto

SEC’s “Crypto Mom” Eager to Offer Regulated Platform for the Sale and Issuance of Tokens and Cryptocurrencies

August 5, 2019 by Ashwath Balakrishnan at Regulation

At the Convergence Forum held at the Singapore University of Social Sciences (SUSS), the SEC Commissioner, Hester Peirce, declared her desire to offer a non-exclusive safe harbor for the exchange of tokens and coins. There would almost certainly be a screening process for which tokens deserve to be listed as...

Guys looking at Libra on whiteboard perplexed

Regulatory Pressure Could Prevent Facebook’s Libra from Launching

July 31, 2019 by Anthonia Isichei at Altcoins

The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U.S. Securities and Exchange Commission (SEC) that plans to launch Libra in...

New York-based Asset Management Firm Files for Bitcoin ETF

January 16, 2019 by Tokoni Uti at Bitcoin, Finance, News, Regulation

Wilshire Phoenix, a New York-based Asset management firm, has filed for an ETF which will store bitcoin, treasury bills and the US Dollar, January 15, 2019. Coveting the ETF The journey to finally getting a Cryptocurrency ETF has been a long and elusive one. Many firms have pursued and applied...