The US Securities and Exchange Commission (SEC) charged Cayman Islands-registered DeFi Money Market (DMM) and its two top executives for unregistered sales of more than $30 million of securities using smart contracts and decentralized finance. This is the SEC’s first securities case involving DeFi technology. Florida residents Gregory Keough and Derek Acree, along with Cayman…
Gary Gensler, the chair of the US Securities and Exchange Commission (SEC), called on Congress to give the agency more authority to stronger regulate cryptocurrency exchanges, lending, and platforms riddled with fraud and investor risk by his words. At a global conference on Tuesday, the SEC chair said the crypto market involves many tokens, which…
Could DeFi revolutionize finance? And can regulators do something about it? Chris Matthews reflects in his MarketWatch column, while Washington is paying close attention to this $100 billion movement. More than a decade after its creation, Bitcoin and other cryptocurrencies have failed to achieve the dream of a new, widely-used global currency free from the…
Some of the law firms that ferret out possible securities claims in search of fees and recovery for investors’ harm are increasingly being coldly received by federal courts. That is very good news for the crypto industry and investors who hold tokens in legitimate blockchain companies, thinks Marc Powers, an adjunct professor at Florida International…
SEC has brought three new charges in the $30 million ICO fraud case against Boaz Manor and Edith Pardo, 18 months after the first charges. The Securities and Exchange Commission (SEC) has brought charges against three additional defendants in its ongoing case against ex-con Boaz Manor and his business associate Edith Pardo for raising $30…
On Friday, the Thai Securities and Exchange Commission (SEC) announced the new rules for cryptocurrency exchanges in the country. It forbid the trading of certain types of cryptocurrencies, such as meme coins, fan coins, and NFTs (non-fungible tokens). As stated Secretary-General Ruenvadee Suwanmongkol, the board of directors of the Thai Securities and Exchange Commission (SEC)…