secnews
37,918 views
86 Posts
Hot
Latest
XRP price rallies As hinman document Are to be released
The so-called Hinman documents, a key element in the legal battle between the US Securities and Exchange Commission (SEC) and payment giant Ripple, will be released on Tuesday. The content of these documents could tip the scales in the payment giantâs favor as the case draws to a close, Ripple CEO Brad Garlinghouse said on Twitter.
The outcome of the case has a direct impact on XRP price and could have implications for the overall cryptocurrency community, so the altcoinâs holders are closely following the updates about the legal battle.Â
XRP price rallies ahead of Hinman document release
XRP price yielded 5.9% gains in the past 24 hours on Binance, based on data from TradingView. XRP holders are anticipating volatility in the altcoin in response to the development in the SEC vs. Ripple case.Â
Hinman documents refer to internal communication within the SEC regarding a 2018 speech given by Former Director of the Corporation Finance division, William Hinman. The contents of these documents elaborate on the SECâs stance on cryptocurrencies like Ethereum.Â
Ripple CEO Brad Garlinghouse said that the contents of Hinman documents are likely to sway the SEC vs. Ripple case in the payment remittance firmâs favor. In a June 13 tweet, Garlinghouse informed the crypto community that the unsealed Hinman documents are âwell worth the waitâ.Â
JUNE 13 Events can change The crypto market scene
The June 13 event can change the market scenarios as it would be cruicial time for the whole marker and this report can set up a base for A possible Bull run or a possible bear run. With the probability of the former being more
#XRP #secnews #Coin_Kurd
The outcome of the case has a direct impact on XRP price and could have implications for the overall cryptocurrency community, so the altcoinâs holders are closely following the updates about the legal battle.Â
XRP price rallies ahead of Hinman document release
XRP price yielded 5.9% gains in the past 24 hours on Binance, based on data from TradingView. XRP holders are anticipating volatility in the altcoin in response to the development in the SEC vs. Ripple case.Â
Hinman documents refer to internal communication within the SEC regarding a 2018 speech given by Former Director of the Corporation Finance division, William Hinman. The contents of these documents elaborate on the SECâs stance on cryptocurrencies like Ethereum.Â
Ripple CEO Brad Garlinghouse said that the contents of Hinman documents are likely to sway the SEC vs. Ripple case in the payment remittance firmâs favor. In a June 13 tweet, Garlinghouse informed the crypto community that the unsealed Hinman documents are âwell worth the waitâ.Â
JUNE 13 Events can change The crypto market scene
The June 13 event can change the market scenarios as it would be cruicial time for the whole marker and this report can set up a base for A possible Bull run or a possible bear run. With the probability of the former being more
#XRP #secnews #Coin_Kurd
"SEC's Headstrong Tone Rattles Coinbase: Will Crypto Regulations Prevail?"
1. The SEC's forceful and determined stance has unsettled Coinbase and the crypto industry.
2. The headstrong tone of the SEC suggests a robust enforcement approach towards crypto regulations.
3. Coinbase finds itself at the center of a pivotal moment that will shape the future of crypto regulations.
4. The outcome of this battle will determine whether stricter regulations are imposed on the crypto industry.
5. The clash between Coinbase and the SEC highlights the need for clear guidelines and regulatory clarity in the evolving crypto landscape.
#crypto2023 #crypto #cryptocurrency #sec #secnews
1. The SEC's forceful and determined stance has unsettled Coinbase and the crypto industry.
2. The headstrong tone of the SEC suggests a robust enforcement approach towards crypto regulations.
3. Coinbase finds itself at the center of a pivotal moment that will shape the future of crypto regulations.
4. The outcome of this battle will determine whether stricter regulations are imposed on the crypto industry.
5. The clash between Coinbase and the SEC highlights the need for clear guidelines and regulatory clarity in the evolving crypto landscape.
#crypto2023 #crypto #cryptocurrency #sec #secnews
XRP price rallies As hinman document Are to be released
The so-called Hinman documents, a key element in the legal battle between the US Securities and Exchange Commission (SEC) and payment giant Ripple, will be released on Tuesday. The content of these documents could tip the scales in the payment giantâs favor as the case draws to a close, Ripple CEO Brad Garlinghouse said on Twitter.
The outcome of the case has a direct impact on XRP price and could have implications for the overall cryptocurrency community, so the altcoinâs holders are closely following the updates about the legal battle.Â
XRP price rallies ahead of Hinman document release
XRP price yielded 5.9% gains in the past 24 hours on Binance, based on data from TradingView. XRP holders are anticipating volatility in the altcoin in response to the development in the SEC vs. Ripple case.Â
Hinman documents refer to internal communication within the SEC regarding a 2018 speech given by Former Director of the Corporation Finance division, William Hinman. The contents of these documents elaborate on the SECâs stance on cryptocurrencies like Ethereum.Â
Ripple CEO Brad Garlinghouse said that the contents of Hinman documents are likely to sway the SEC vs. Ripple case in the payment remittance firmâs favor. In a June 13 tweet, Garlinghouse informed the crypto community that the unsealed Hinman documents are âwell worth the waitâ.Â
JUNE 13 Events can change The crypto market scene
The June 13 event can change the market scenarios as it would be cruicial time for the whole marker and this report can set up a base for A possible Bull run or a possible bear run. With the probability of the former being more
#XRP #secnews #Coin_Kurd
The outcome of the case has a direct impact on XRP price and could have implications for the overall cryptocurrency community, so the altcoinâs holders are closely following the updates about the legal battle.Â
XRP price rallies ahead of Hinman document release
XRP price yielded 5.9% gains in the past 24 hours on Binance, based on data from TradingView. XRP holders are anticipating volatility in the altcoin in response to the development in the SEC vs. Ripple case.Â
Hinman documents refer to internal communication within the SEC regarding a 2018 speech given by Former Director of the Corporation Finance division, William Hinman. The contents of these documents elaborate on the SECâs stance on cryptocurrencies like Ethereum.Â
Ripple CEO Brad Garlinghouse said that the contents of Hinman documents are likely to sway the SEC vs. Ripple case in the payment remittance firmâs favor. In a June 13 tweet, Garlinghouse informed the crypto community that the unsealed Hinman documents are âwell worth the waitâ.Â
JUNE 13 Events can change The crypto market scene
The June 13 event can change the market scenarios as it would be cruicial time for the whole marker and this report can set up a base for A possible Bull run or a possible bear run. With the probability of the former being more
#XRP #secnews #Coin_Kurd
Learning Things -
CPI Come lower then previous data - Bullish
CPI Come higher then previous data - Bearish
CPI and Inflation almost( not exactly) same so don't be confused if someone says inflation or CPI
#Coin_Kurd #sec #secnews #BNB #news
CPI Come lower then previous data - Bullish
CPI Come higher then previous data - Bearish
CPI and Inflation almost( not exactly) same so don't be confused if someone says inflation or CPI
#Coin_Kurd #sec #secnews #BNB #news
Gary Gensler, the chair of the Securities and Exchange Commission (SEC), has expressed his disappointment at the recent Ripple (XRP).
Recently Ripple scored a partial victory in the long fight with the SEC, but it seems itâs not ended. Who will have the last say? What do you think about it?
$XRP #ripplexrp #SEC #secnews #securitytoken
Recently Ripple scored a partial victory in the long fight with the SEC, but it seems itâs not ended. Who will have the last say? What do you think about it?
$XRP #ripplexrp #SEC #secnews #securitytoken
"Coinbase Claims SEC Approval, But Lawsuit Exposes Risky Business Practices!"
1. Coinbase asserts that it received SEC approval for its registration statement in 2021.
2. However, the lawsuit filed by the SEC has revealed potentially risky business practices by Coinbase.
3. The allegations indicate that Coinbase may have engaged in conduct that violated securities laws.
4. The lawsuit raises questions about the level of due diligence conducted by Coinbase and its legal counsel.
5. The legal proceedings will shed light on whether Coinbase's claims of SEC approval hold up under scrutiny.
#crypto2023 #crypto #cryptocurrency #sec #secnews
1. Coinbase asserts that it received SEC approval for its registration statement in 2021.
2. However, the lawsuit filed by the SEC has revealed potentially risky business practices by Coinbase.
3. The allegations indicate that Coinbase may have engaged in conduct that violated securities laws.
4. The lawsuit raises questions about the level of due diligence conducted by Coinbase and its legal counsel.
5. The legal proceedings will shed light on whether Coinbase's claims of SEC approval hold up under scrutiny.
#crypto2023 #crypto #cryptocurrency #sec #secnews
"Coinbase vs. SEC: Battle of Titans Shakes the Crypto Industry!"
1. Coinbase, a leading crypto exchange, is locked in a high-stakes battle with the SEC.
2. The clash between Coinbase and the SEC has sent shockwaves through the crypto industry.
3. Both Coinbase and the SEC are fighting to assert their positions and protect their interests.
4. The outcome of this battle will have a profound impact on the regulatory landscape for cryptocurrencies.
5. The intense scrutiny on Coinbase reflects the growing importance of compliance and regulation in the crypto sector.
#crypto2023 #crypto #cryptocurrency #sec #secnews
1. Coinbase, a leading crypto exchange, is locked in a high-stakes battle with the SEC.
2. The clash between Coinbase and the SEC has sent shockwaves through the crypto industry.
3. Both Coinbase and the SEC are fighting to assert their positions and protect their interests.
4. The outcome of this battle will have a profound impact on the regulatory landscape for cryptocurrencies.
5. The intense scrutiny on Coinbase reflects the growing importance of compliance and regulation in the crypto sector.
#crypto2023 #crypto #cryptocurrency #sec #secnews
"Explosive SEC Allegations: Coinbase Knew It Violated Securities Laws!"
1. Coinbase is facing allegations from the SEC regarding violations of securities laws.
2. The SEC claims that Coinbase was aware of the potential violations prior to the lawsuit.
3. The allegations suggest that Coinbase knowingly engaged in risky business practices.
4. The explosive nature of the SEC's allegations has shaken the crypto industry.
5. The legal battle between Coinbase and the SEC highlights the challenges and uncertainties surrounding crypto regulations.
#crypto #crypto2023 #cryptocurrency #sec #secnews
1. Coinbase is facing allegations from the SEC regarding violations of securities laws.
2. The SEC claims that Coinbase was aware of the potential violations prior to the lawsuit.
3. The allegations suggest that Coinbase knowingly engaged in risky business practices.
4. The explosive nature of the SEC's allegations has shaken the crypto industry.
5. The legal battle between Coinbase and the SEC highlights the challenges and uncertainties surrounding crypto regulations.
#crypto #crypto2023 #cryptocurrency #sec #secnews
đ Coinbase vs SEC: A Crypto Showdown! đ„
Hold on to your Bitcoin hats, folks! đȘ Coinbase, the crypto exchange, faced off against the US Securities and Exchange Commission (SEC) in an epic battle! The SEC wanted Coinbase to halt trading for all cryptocurrencies, except Bitcoin, claiming the rest were "securities." But Coinbase wasn't having any of it! They fought back, denying the charges and resisting the SEC's arm-twisting tactics. It's like crypto WWE! Stay tuned to see how this showdown unfolds! đżđș
#coinbase #SEC #secnews
Hold on to your Bitcoin hats, folks! đȘ Coinbase, the crypto exchange, faced off against the US Securities and Exchange Commission (SEC) in an epic battle! The SEC wanted Coinbase to halt trading for all cryptocurrencies, except Bitcoin, claiming the rest were "securities." But Coinbase wasn't having any of it! They fought back, denying the charges and resisting the SEC's arm-twisting tactics. It's like crypto WWE! Stay tuned to see how this showdown unfolds! đżđș
#coinbase #SEC #secnews
âCrypto Market Overreactedâ: Expert On US SEC Bitcoin ETF News
: Following the recent upsurge in Bitcoin price over the recent wave of spot Bitcoin ETF applications from financial bigwigs, the U.S. Securities and Exchange Commission (SEC) cited technical discrepancies in the filings. This led to a reversal in trader sentiment as Bitcoin price briefly plunged before recovering on Friday. The recent spree of spot Bitcoin exchange traded funds (ETFs) filings from Blackrock, Valkyrie, Bitwise, Invesco, Fidelity and WisdomTree catapulted the crypto market prices in the last two weeks
A Wall Street Journal report on Friday cited sources in the SEC officials as saying that the recent spot ETF applications are inadequate. The regulators said the filings were not clear and comprehensive as details of the surveillance sharing agreement with crypto exchanges was missing. However, this is most likely to be a request to refile on the grounds of incomplete information in the filings
Reacting to the market reaction to the US SEC news on the filings, popular analyst Will Clemente said the traders might have overreacted to what was just a technical concern that Blackrock and Fidelity can fix in the refiling. Hence, the refilings from the asset managers could have a mention of Coinbase as the Bitcoin exchange they are linked with to have the surveillance sharing agreement
If and when the SEC decides on the spot Bitcoin ETF filings officially, it could turn out to be a huge market moving event for a long time ahead. It may be recalled that in the recent SEC lawsuits, many felt that US based crypto exchange Coinbase was treated differently in comparison to the harsh charges leveled against Binance CEO CZ, although both the cases involved violation of securities laws
#googleai #crypto2023 #crypto2023 #secnews #bitcoin #BTC
A Wall Street Journal report on Friday cited sources in the SEC officials as saying that the recent spot ETF applications are inadequate. The regulators said the filings were not clear and comprehensive as details of the surveillance sharing agreement with crypto exchanges was missing. However, this is most likely to be a request to refile on the grounds of incomplete information in the filings
Reacting to the market reaction to the US SEC news on the filings, popular analyst Will Clemente said the traders might have overreacted to what was just a technical concern that Blackrock and Fidelity can fix in the refiling. Hence, the refilings from the asset managers could have a mention of Coinbase as the Bitcoin exchange they are linked with to have the surveillance sharing agreement
If and when the SEC decides on the spot Bitcoin ETF filings officially, it could turn out to be a huge market moving event for a long time ahead. It may be recalled that in the recent SEC lawsuits, many felt that US based crypto exchange Coinbase was treated differently in comparison to the harsh charges leveled against Binance CEO CZ, although both the cases involved violation of securities laws
#googleai #crypto2023 #crypto2023 #secnews #bitcoin #BTC
"Crypto Giant Coinbase Faces Legal Heat as SEC Refuses to Back Down!"
1. Coinbase, a major player in the crypto industry, is facing legal pressure from the SEC.
2. Despite the allegations, the SEC shows no signs of relenting in its pursuit of Coinbase.
3. The ongoing legal battle poses significant challenges for Coinbase and the wider crypto industry.
4. The SEC's refusal to back down indicates a determination to enforce regulations in the crypto space.
5. The outcome of this legal showdown will have far-reaching implications for the future of crypto regulations.
#crypto2023 #crypto #cryptocurrency #sec #secnews
1. Coinbase, a major player in the crypto industry, is facing legal pressure from the SEC.
2. Despite the allegations, the SEC shows no signs of relenting in its pursuit of Coinbase.
3. The ongoing legal battle poses significant challenges for Coinbase and the wider crypto industry.
4. The SEC's refusal to back down indicates a determination to enforce regulations in the crypto space.
5. The outcome of this legal showdown will have far-reaching implications for the future of crypto regulations.
#crypto2023 #crypto #cryptocurrency #sec #secnews
#XRP #secnews
Like said before SEC has been trying to gain control of cryptocurrecy as they did back in time with stock market but its not possible we are all entering an era where blockchain takes the lead and the end of USD dominance. Congrats to XRP holders like me recently went back into my xUMM app and im smiling all through.. keep an eye on BNB.. feeling bullish at the moment but im expecting 29 soon #dyor
Like said before SEC has been trying to gain control of cryptocurrecy as they did back in time with stock market but its not possible we are all entering an era where blockchain takes the lead and the end of USD dominance. Congrats to XRP holders like me recently went back into my xUMM app and im smiling all through.. keep an eye on BNB.. feeling bullish at the moment but im expecting 29 soon #dyor
SEC Charges Florida Resident for Operating $112 Million Ponzi Scheme that Targeted Haitian-American
Court granted SECâs request for emergency relief and asset freezes
FOR IMMEDIATE RELEASE 2023-118
Washington D.C., June 26, 2023 â
The Securities and Exchange Commission today announced charges against Broward County, Florida resident Sanjay Singh and his trucking and logistics company, Royal Bengal Logistics Inc., with fraudulently raising approximately $112 million from as many as 1,500 investors through an unregistered securities offering that primarily targeted Haitian-Americans.Â
The Securities and Exchange Commission (SEC) has filed a complaint accusing Singh and his company, Royal Bengal Logistics Inc., of engaging in fraudulent investment practices between 2019 and 2023. Singh allegedly offered high-yield investment programs to investors, claiming guaranteed returns ranging from 12.5 to 325 percent. These programs were presented as a means to expand the company's operations and increase its fleet of semi-trucks and trailers. Singh and Royal Bengal assured investors that their investments were safe and that the company generated significant monthly revenue, reportedly up to $1 million. However, the SEC alleges that Royal Bengal operated at a loss and used approximately $70 million of new investor funds to pay earlier investors, resembling a Ponzi scheme.
The complaint further asserts that Singh misappropriated at least $14 million of investor funds for personal use and for individuals who did not provide any legitimate services in exchange. Additionally, he diverted more than $19 million of investor funds to two brokerage accounts under his control, engaging in speculative equities trading on margin, resulting in losses exceeding $1 million of investor money.
Eric I. Bustillo, Director of the SEC's Miami Regional Office, stated, "Singh targeted members of the Haitian-American community, deceiving them with a Ponzi-like scheme to enrich himself. We are determined to hold individuals like Singh accountable for preying on investors through deception."
The SEC's complaint, filed in the U.S. District Court for the Southern District of Florida, accuses Singh and Royal Bengal of violating federal securities laws concerning registration and anti-fraud provisions. Additionally, relief defendants Sheetal Singh and Constantina Celicourt, spouses of Sanjay Singh and Royal Bengal Logistics's Vice President of Business Development, respectively, have been named in the complaint. The District Court has granted the SEC's emergency relief requests, which include preliminary injunctive relief, asset freezes, the appointment of a Receiver, and an order preventing the destruction of documents. The SEC seeks an officer and director bar against Singh, permanent injunctions, civil money penalties, and disgorgement of ill-gotten gains with prejudgment interest for both defendants and relief defendants.
The SEC's Office of Investor Education and Advocacy, along with the Division of Enforcement's Retail Strategy Task Force, has issued an Investor Alert providing tips on how investors can avoid making investment decisions solely based on common ties with individuals recommending or selling investments.
The SEC appreciates the assistance of Floridaâs Office of Financial Regulation, the U.S. Attorneyâs Office for the Southern District of Florida, the FBIâs Miami Field Office, and the U.S. Department of Transportation, Office of Inspector General, Southern Region.Â
The SECâs investigation was part of the Miami Regional Officeâs Fraud Against Minority Groups Initiative and was conducted by Linda S. Schmidt and supervised by Sean M. OâNeill and Glenn Gordon, with the assistance of Mark Dee, Fernando Torres, and Ivette Goizueta-Mendes. The SECâs litigation will be led by Russell OâBrien, and supervised by Teresa J. Verges.Â
#SEC #secnews #scam
FOR IMMEDIATE RELEASE 2023-118
Washington D.C., June 26, 2023 â
The Securities and Exchange Commission today announced charges against Broward County, Florida resident Sanjay Singh and his trucking and logistics company, Royal Bengal Logistics Inc., with fraudulently raising approximately $112 million from as many as 1,500 investors through an unregistered securities offering that primarily targeted Haitian-Americans.Â
The Securities and Exchange Commission (SEC) has filed a complaint accusing Singh and his company, Royal Bengal Logistics Inc., of engaging in fraudulent investment practices between 2019 and 2023. Singh allegedly offered high-yield investment programs to investors, claiming guaranteed returns ranging from 12.5 to 325 percent. These programs were presented as a means to expand the company's operations and increase its fleet of semi-trucks and trailers. Singh and Royal Bengal assured investors that their investments were safe and that the company generated significant monthly revenue, reportedly up to $1 million. However, the SEC alleges that Royal Bengal operated at a loss and used approximately $70 million of new investor funds to pay earlier investors, resembling a Ponzi scheme.
The complaint further asserts that Singh misappropriated at least $14 million of investor funds for personal use and for individuals who did not provide any legitimate services in exchange. Additionally, he diverted more than $19 million of investor funds to two brokerage accounts under his control, engaging in speculative equities trading on margin, resulting in losses exceeding $1 million of investor money.
Eric I. Bustillo, Director of the SEC's Miami Regional Office, stated, "Singh targeted members of the Haitian-American community, deceiving them with a Ponzi-like scheme to enrich himself. We are determined to hold individuals like Singh accountable for preying on investors through deception."
The SEC's complaint, filed in the U.S. District Court for the Southern District of Florida, accuses Singh and Royal Bengal of violating federal securities laws concerning registration and anti-fraud provisions. Additionally, relief defendants Sheetal Singh and Constantina Celicourt, spouses of Sanjay Singh and Royal Bengal Logistics's Vice President of Business Development, respectively, have been named in the complaint. The District Court has granted the SEC's emergency relief requests, which include preliminary injunctive relief, asset freezes, the appointment of a Receiver, and an order preventing the destruction of documents. The SEC seeks an officer and director bar against Singh, permanent injunctions, civil money penalties, and disgorgement of ill-gotten gains with prejudgment interest for both defendants and relief defendants.
The SEC's Office of Investor Education and Advocacy, along with the Division of Enforcement's Retail Strategy Task Force, has issued an Investor Alert providing tips on how investors can avoid making investment decisions solely based on common ties with individuals recommending or selling investments.
The SEC appreciates the assistance of Floridaâs Office of Financial Regulation, the U.S. Attorneyâs Office for the Southern District of Florida, the FBIâs Miami Field Office, and the U.S. Department of Transportation, Office of Inspector General, Southern Region.Â
The SECâs investigation was part of the Miami Regional Officeâs Fraud Against Minority Groups Initiative and was conducted by Linda S. Schmidt and supervised by Sean M. OâNeill and Glenn Gordon, with the assistance of Mark Dee, Fernando Torres, and Ivette Goizueta-Mendes. The SECâs litigation will be led by Russell OâBrien, and supervised by Teresa J. Verges.Â
#SEC #secnews #scam
