Tag: sec

For years, the crypto industry has felt like a teenager left home alone – experimenting with risky ventures, making questionable decisions, and frankly, begging for someone to set some ground rules. Under Gary Gensler’s direction, the SEC took a hard line. It sure felt like that one scary parent who...

At last, the tyrannical fist of Gary Gensler is removed from the throat of innovation. Good riddance. Unfortunately, for too long his SEC weaponized regulation, stifling the very innovative industries his SEC should have been nurturing. Under Paul Atkins’ leadership, there’s still time to restore a regulatory environment that leads,...

The world of cryptocurrency is an exciting, yet dangerous, rapidly evolving landscape filled with new ideas and technology. The Securities and Exchange Commission (SEC) is no different. Meanwhile, the SEC has announced the establishment of a Crypto Task Force. This action comes on the heels of a long-standing call for...

The Securities and Exchange Commission’s (SEC) Crypto Task Force is on a crusade. Led by Commissioner Hester Peirce, they are pursuing a consolidated regulatory regime for digital assets and even mulling a merger with the Commodity Futures Trading Commission (CFTC). The issues task force is diving deep into those pivotal...

Ripple and the SEC have jointly asked to stay their appeal process. This action would be a major victory for them, potentially the final victory in their long legal struggle. The joint request, filed April 10, asks the court to hold all proceedings on the appeal in abeyance. This surprising...

CyberKongz, an Ethereum-based NFT and gaming project, has announced that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the project. This combination of events could profoundly reshape the Web3 gaming landscape. It provides a preview of the shifting regulatory environment coming down the pike. The...

The CyberKongz saga is finally over. The SEC has now formally wrapped up its nearly two year investigation, and honestly, it’s about fucking time. This isn't just a win for one NFT project; it's a flashing neon sign screaming, "Gensler's reign of terror is finally over!"Let's be clear: this investigation...

The Securities and Exchange Commission (SEC) has ended its two-year investigation into the CyberKongz NFT project. The inquiry specifically focused on misleading claims made about the project’s BANANA token. It asked the question of whether that token ought to have been registered as a security. Today, CyberKongz posted an announcement...

So, on its face, the news that the SEC has closed its two-year investigation into CyberKongz is a huge win for Web3. Don’t be fooled. This is a blatant red flag. It underscores the SEC’s dangerously naive approach to this rapidly evolving space and raises alarm bells about the harm...

The SEC blinked. Let’s get real, that’s exactly what this is shaping up to be. But after they came down heavy handed on Helium, a project venture in building a people powered wireless network, they’ve retreated. With the lawsuit dismissed, Helium will pay only a slap on the wrist as...