Top 15 largest fines imposed by US regulators on cryptocurrency companies
The largest fine belongs to cryptolending platform Celsius Network, which will likely be unable to pay due to bankruptcy

#SECvsCrypto

**Breaking News:** 📈 Bloomberg ETF analyst Eric Balchunas reveals that 90% of existing ETF products operate through spot redemption, with only 10% using cash redemption. The SEC reportedly encourages BTC spot ETF applicants to opt for cash redemption to minimize intermediaries accessing Bitcoin due to concerns about money laundering. Balchunas suggests this aligns with the SEC's desire for a closed system. #ETFs #SECvsCrypto 📄💼

JUST IN: 🇺🇸 SEC holds meeting with Fidelity to discuss its Spot Bitcoin ETF.
Will #BTC gets a new alth before the years ends ? Let’s see how it goes . Trade cautiously. Thanks for reading #BTC #AltcoinsRising #SECvsCrypto #Spot.Bitcoin.ETF

SEC sets deadline for filing updated spot bitcoin-ETF filings

The U.S. Securities and Exchange Commission (SEC) has notified (https://incrypted.com/sec-ustanovila-krajnij-srok-podachi-obnovlennyh-zayavok-na-spotovyj-bitkoin-etf/) applicants to launch spot bitcoin ETFs that they need to amend their applications by December 29, 2023.

If the companies fail to meet the designated deadline, they will lose the opportunity to seek SEC approval in early January, the report said.

#SECvsCrypto #ETFApproval2024 #ETFBitcoin #ETFRally

BREAKING 🚨 #BITCOIN ETF

GRAYSCALE ACCEPTS SEC 🇺🇲 CONDITIONS

Grayscale filed an amendment to it’s spot #Bitcoin ETF with the SEC to do cash creates to match the other applicants . #SECvsCrypto #BTC @crypto_MOJ news $BTC

Суд обязал Ripple предоставить финансовые документы по запросу SEC

Суд обязал Ripple предоставить дополнительную информацию о финансовом положении, чтобы определить размер возможных санкций. Компания должна раскрыть отчетность и контракты за 2022-2023 годы по реализации токенов институционалам, а также ответить на запросы о соответствующих доходах

В ходе слушаний представители Ripple пытались доказать, что финансовое положение фирмы не имеет значения для рассматриваемых вопросов. Суд не не увидел проблем в раскрытии «легкодоступных данных». Инстанция также согласилась с доводами SEC, что запрашиваемая информация важна для вынесения справедливого решения.

Напомним, адвокат Джереми Хоган допустил, что дело против Ripple может завершиться только в 2027 году.
#Ripple #secNews #SEC #SECvsCrypto #XRPUSDT

📑 The SEC was flooded with "bitcoin applications"
In November, a record number of BTC-related documents were filed with the commission - 1,074. This is 35% more than in the same month last year and three times more than the previous high in May of this year.

💬 According to analyst Rebecca Stevens, the growth in bitcoin-related applications is not only a sign of the wider adoption of digital currencies, but also an indicator that companies are interested in the hype around ETFs.

#SECLawyers #SECvsCrypto

🚨 Legal Showdown: SEC vs Coinbase Update! 🏛️💼

🔍 Background: The Battle for Cryptocurrency Classification

In a recent hearing, United States Judge Katherine Polk Failla cross-examined the SEC in its legal tussle with Coinbase. The SEC accuses Coinbase of deviating from the original Howey Test, a claim vehemently denied by the cryptocurrency exchange. The key contention revolves around the classification of tokens as securities.

💡 Judge Failla Demands Clarity on Securities and Staking

During the hearing, Judge Failla expressed dissatisfaction with the SEC's statements and urged the regulator to provide clearer definitions of terms such as "securities" and "staking." The SEC, in turn, criticized Coinbase, claiming that the exchange is crafting a "new version of the Howey Test."

📉 SEC's Warning and Coinbase's Defense

The SEC lawyer cautioned Coinbase against reinterpreting the Howey Test, stating that it would undermine the carefully constructed regulatory structure created in 1934. Coinbase, however, refuted the SEC's accusations, asserting that it had not reinterpreted the test. The legal teams clashed over whether Coinbase was stretching or adhering to the original Howey Test.

👩‍⚖️ Judge Failla's Consideration of Previous Rulings

Judge Failla drew on insights from Judge Jed Rakoff and Judge Analisa Torres' rulings on LBRY and XRP, respectively. Notably, Judge Torres concluded that XRP itself is not a security. Bill Morgan, an XRP advocate, sees this as a pivotal moment, suggesting that cryptocurrencies might be recognized as non-securities in the U.S.

🌐 The Future of Crypto Regulation: What's at Stake?

The legal battle signifies a crucial juncture in defining the regulatory landscape for cryptocurrencies. As Judge Failla seeks clarity, the outcome could shape the classification of tokens and set precedents for future regulations.

🌐 For real-time insights and news, follow The Blockopedia! 📰💻

#SECvsCrypto #SECvsRipple #SECvsCOINBASE #cryptocurrency #crypto2024

🚨 Breaking News: #CryptoRegulation 🌐 - Jesse Powell, Kraken co-founder, accuses the U.S. SEC of relentless persecution, claiming masochistic persistence in seeking legal battles despite prior fines. Warns that additional SEC actions could force cryptocurrency companies to leave the U.S., hindering industry development. 🚫💼 #SECvsCrypto

#BTC "🚀 SEC Drama Unveiled: Better Markets Takes Stand Against Bitcoin Spot ETF! 📉 Could Gensler's Ties Tip the Scale? Exclusive Analysis by Mete Demiralp 🔍 | Updated: 06.01.2024 ⏰ #CryptoShowdown #SECDecision

**In-Depth Dive:**
Better Markets Drops Bombshell Letter Opposing Bitcoin Spot ETF Approval 📄🛑
Grayscale, Bloomberg, and More Weigh In! 🤯💬
Major Investor Losses Predicted—Is SEC Facing a Historic Mistake? 🤔💼

**Behind the Scenes:**
Close Ties Exposed! Gensler-Kelleher Bond Threatens Crypto ETF Green Light! 💔🔍
Eleanor Terrett Warns of Last-Minute Impact on SEC Decision! ⚠️📰

**Crypto Critique:**
Dennis Kelleher's Scathing Views on Crypto—A Clash of Titans with Gensler! 🛡️🔗
Senator Warren's Cryptocurrency Foe Alliance—What You Need to Know! 🤝🚫

**Join the Conversation:**
Explore the Intricacies of SEC's Crypto Battle on Mr Ghost's Page! 👻📈
Get Exclusive Updates and Join the Crypto Buzz! 🔥💬 #MrGhostCryptoInsights #SECvsCrypto 🚀

Bitcoin's 5% Correction Sparks $400M Liquidations as Asia Markets Kick Off the Week

1. Cryptocurrency Market Turmoil:
- In the last 24 hours, more than 120,000 crypto traders experienced substantial losses.

2. Liquidations Breakdown:
- Long positions suffered the most, contributing $356 million to the losses.
- Short traders faced losses totaling $54.79 million.

3. Bitcoin and Ethereum Impact:
- Bitcoin's 5% drop triggered a market decline, with Ethereum following suit.
- Major altcoins, including Solana, XRP, BNB, Cardano, and Litecoin, witnessed notable losses.

4. Exchange Impact:
- OKX and Binance reported the most significant losses, exceeding $171 million and $128 million, respectively.
- An individual recorded an $8.2 million loss on a long Bitcoin bet on OKX.

5. Global Market Overview:
- The global crypto market capitalization fell by approximately 4% to $1.57 trillion.

6. Post-Surge Correction:
- The recent market correction follows a three-month surge driven by optimism about a potential Bitcoin ETF approval in the U.S.

7. ETF Approval Speculation:
- Although the ETF approval hasn't happened yet, ongoing communications between the U.S. SEC and applicants are seen as a positive sign.

8. Market Recovery:
- Bitcoin, after a 5% dip to $41,649, recovered to $42,155 at press time.
- Other major cryptocurrencies experienced similar price declines and recoveries.

9. Long-Term Perspective:
- Experts suggest ongoing SEC communications as a positive indicator, hinting at a potential green light for Bitcoin ETFs.

10. Overall Impact:
- The crypto market takes a breather after enduring significant losses, prompting a reevaluation of the recent surge and the ongoing regulatory landscape.
#BTC #DOGE #BTCAllTimeHigh #BinanceTournament #SECvsCrypto $BTC $ETH $DOGE

Под руководством Генслера количество исков SEC против криптопроектов выросло на 50%

В 2023 году правоприменительные действия Комиссии по ценным бумагам и биржам США (SEC) достигли рекордного уровня. Под председательством Гэри Генслера это число только удвоилось

По данным консалтинговой фирмы Cornerstone, в прошлом году количество исков SEC против криптовалютных компаний достигло отметки в 46 дел. Годом ранее показатель составлял 30

Согласно отчету, наиболее частыми обвинениями остаются мошенничество и предложение незарегистрированных ценных бумаг. На них пришлось 57% и 61% от общего количества исполнительных производств соответственно. Еще 37% исков были связаны и с первым, и со вторым.

Кроме того, 37% из 46 дел также были связаны с первичными предложениями монет (ICO). В 2023 году SEC также впервые подала два иска против проектов невзаимозаменяемых токенов (NFT).
#SEC #secNews #SECvsCrypto
$BTC $ETH $BNB