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#xrp at last the best đđŻ stable coin in top 10 has won against #sec a very prolonged case for the last 5 years no it can make many of us millionair in a months it can go upto 9000 percent a near days don't miss the opportunity everyone should focus on this strong project
#follow #BinanceLaunchpoolHMSTR
#follow #BinanceLaunchpoolHMSTR
Trust Broken! SEC Charges TrustToken â The TUSD Collapse Begins
The U.S. Securities and Exchange Commission (SEC) has charged TrustToken Inc. and TrueCoin LLC over fraudulent activities involving the TrueUSD (TUSD) stablecoin. According to the SEC, these companies falsely marketed TUSD as fully backed by U.S. dollars, while a substantial portion of the assets backing the coin had been invested in speculative offshore funds. This exposed investors to significant undisclosed risks.
Between 2020 and 2023, TrustToken and TrueCoin sold unregistered securities tied to TUSD, a stablecoin they claimed was secure and reliable. However, it was later revealed that by March 2022, more than $500 million of the backing reserves had been placed in risky investments. Despite redemption issues emerging in the offshore funds by late 2022, both companies continued to promote TUSD as fully backed by dollars.
The SEC emphasized that this case showcases the dangers of unregistered securities offerings, as investors were deprived of crucial information necessary for informed decision-making. TrustToken and TrueCoin settled the charges without admitting or denying the SEC's findingsâ
#sec #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #FOMC #TrumpFirstBTCUse
The U.S. Securities and Exchange Commission (SEC) has charged TrustToken Inc. and TrueCoin LLC over fraudulent activities involving the TrueUSD (TUSD) stablecoin. According to the SEC, these companies falsely marketed TUSD as fully backed by U.S. dollars, while a substantial portion of the assets backing the coin had been invested in speculative offshore funds. This exposed investors to significant undisclosed risks.
Between 2020 and 2023, TrustToken and TrueCoin sold unregistered securities tied to TUSD, a stablecoin they claimed was secure and reliable. However, it was later revealed that by March 2022, more than $500 million of the backing reserves had been placed in risky investments. Despite redemption issues emerging in the offshore funds by late 2022, both companies continued to promote TUSD as fully backed by dollars.
The SEC emphasized that this case showcases the dangers of unregistered securities offerings, as investors were deprived of crucial information necessary for informed decision-making. TrustToken and TrueCoin settled the charges without admitting or denying the SEC's findingsâ
#sec #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #FOMC #TrumpFirstBTCUse
Reports indicate that the SEC is investigating San Francisco-based cryptocurrency exchange Kraken, the fourth largest exchange by daily volume, for potential securities law violations.
#Binance #kraken #sec #crypto2023 #cryptocurrency
#Binance #kraken #sec #crypto2023 #cryptocurrency
"SEC has no right to deal with stablcoins" - Circle CEO
Jeremy Aller, CEO of the issuer of stablcoin USDC Circle, said that stablcoins are payment systems, not securities.
Because of this, he said, the SEC has no right to regulate them.
#sec #Regulation #Stablecoins
Jeremy Aller, CEO of the issuer of stablcoin USDC Circle, said that stablcoins are payment systems, not securities.
Because of this, he said, the SEC has no right to regulate them.
#sec #Regulation #Stablecoins
Clear Rules for Crypto Industry Already Exist, SEC's Gary Gensler Claims: The SEC's chairman claims the crypto industry is rife with non-compliance â and he's asking for another $200 million to chase bad actors.
#Binance #sec #crypto2023
#Binance #sec #crypto2023
The SEC ES THE ENEMY OF CRYPTO-CURRENCY AND ALL USERSđšđš
bitcoin, and more generally the crypto market, abruptly dropped in the face of a new US SEC offensive yesterday, and as the RISK WARNINGS dominated the wider global markets.
The SEC puts forward a damning quote
The SEC announced the lawsuits via a communique partagé sur Twitter and accompanied by a suspected quotation from the Chief Compliance Officer of Binance who states: "We operate as an unregulated exchange in the USA brother
The SEC also alleged that Binance allowed to mix funds from customers, which CZ controlled "secretly" Binance.US and an entity owned and operated by CZ inflated the volume of exchanges from Binance.US.
Given all these said I will say that the sec is simply jealous of CZ because in the cryptocurrency industry only the great man CZ and are his team actually form his users with the Binance Academic.
Then I will say that the SEC only hates cryptocurrency since they can't control crypto nor influence crypto in a direct way so they want to take down CZ to then be able to take the lead being in front of things, how currently he manipulates the world market with the US dollar, they print fiat currencies as they want without even worrying about the increase in inflation we are all currently undergoing.
Finally ,I ask all binance users to commit to support Binance, for the noble cause because if binance not only will we user know a deep pain but the cryptocurrency industry know a very deep blow and even can disappear.
For the right cause I commit and I ask you to commit for the right cause which is financial freedom .
Especially don't forget to like and share around you.
Together for financial freedom , together to support the right cause.
#sec
#BTC
#Binance
The SEC puts forward a damning quote
The SEC announced the lawsuits via a communique partagé sur Twitter and accompanied by a suspected quotation from the Chief Compliance Officer of Binance who states: "We operate as an unregulated exchange in the USA brother
The SEC also alleged that Binance allowed to mix funds from customers, which CZ controlled "secretly" Binance.US and an entity owned and operated by CZ inflated the volume of exchanges from Binance.US.
Given all these said I will say that the sec is simply jealous of CZ because in the cryptocurrency industry only the great man CZ and are his team actually form his users with the Binance Academic.
Then I will say that the SEC only hates cryptocurrency since they can't control crypto nor influence crypto in a direct way so they want to take down CZ to then be able to take the lead being in front of things, how currently he manipulates the world market with the US dollar, they print fiat currencies as they want without even worrying about the increase in inflation we are all currently undergoing.
Finally ,I ask all binance users to commit to support Binance, for the noble cause because if binance not only will we user know a deep pain but the cryptocurrency industry know a very deep blow and even can disappear.
For the right cause I commit and I ask you to commit for the right cause which is financial freedom .
Especially don't forget to like and share around you.
Together for financial freedom , together to support the right cause.
#sec
#BTC
#Binance
update on SEC
#sec
#sec
LIVEAkahilz Academy
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Republicans Vs The SEC đșđČđ
Latest updates from the Committee of Financial Services Republicans reveal insights on the ongoing hearings and clarifications, as regards digital assets and most importantly, the questionable competence of #GaryGensler .
The Chairman Financial Services Republican, Patrick McHenry has convened the House Financial Services Committee for a hearing on the future of the digital asset ecosystem in the U.S.
"Under Gensler, the SEC is pursuing a regulation by enforcement approach to digital assets that has repeatedly failed to protect consumers and smothers financial innovation.
Republicans are working on comprehensive legislation to end Chair Gensler's reckless actions.
Following his letter with Chairman @PatrickMcHenry to FinCEN and @USTreasury, @RepRWilliams questions @SecYellen on Treasury's efforts to educate small business owners about FinCEN's rulemaking to collect beneficial ownership information.
All Republicans on the House Financial Services Committee sent a letter to @SECGov demanding it rescind its proposed amendments to the definition of "exchange," which would stifle innovation and harm digital asset market participants."
With this type of heat, coming from the #Republicans and Congressman, we should be seeing some quick and positive response from the sec in no time.
Meanwhile, Great #news for #Binance and the #crypto2023 community in general, as the Presiding Judge tells the sec and binance, to come up with an agreement plan. Moreso, none of Binance US assets will be frozen and operations are not hindered.
Most investors are already piling up their bags as these indicators are bullish in nature. $BNB is already on the road to $300đč, please dyorđ„.
Let's hear your thoughts below đ
What do you think about all these happenings? đ€
Thanks for reading, stay tuned for more.
Follow â
Like â
Share this article đâïž
The Chairman Financial Services Republican, Patrick McHenry has convened the House Financial Services Committee for a hearing on the future of the digital asset ecosystem in the U.S.
"Under Gensler, the SEC is pursuing a regulation by enforcement approach to digital assets that has repeatedly failed to protect consumers and smothers financial innovation.
Republicans are working on comprehensive legislation to end Chair Gensler's reckless actions.
Following his letter with Chairman @PatrickMcHenry to FinCEN and @USTreasury, @RepRWilliams questions @SecYellen on Treasury's efforts to educate small business owners about FinCEN's rulemaking to collect beneficial ownership information.
All Republicans on the House Financial Services Committee sent a letter to @SECGov demanding it rescind its proposed amendments to the definition of "exchange," which would stifle innovation and harm digital asset market participants."
With this type of heat, coming from the #Republicans and Congressman, we should be seeing some quick and positive response from the sec in no time.
Meanwhile, Great #news for #Binance and the #crypto2023 community in general, as the Presiding Judge tells the sec and binance, to come up with an agreement plan. Moreso, none of Binance US assets will be frozen and operations are not hindered.
Most investors are already piling up their bags as these indicators are bullish in nature. $BNB is already on the road to $300đč, please dyorđ„.
Let's hear your thoughts below đ
What do you think about all these happenings? đ€
Thanks for reading, stay tuned for more.
Follow â
Like â
Share this article đâïž
Fjord Foundry raised $15 million for FJO token, generating $28 million in fees since November. SEC requests public comments on BlackRock's proposed spot Ethereum ETF changes.
#FjordFoundry #Fjord #sec #bitcoinhalving #Megadrop
#FjordFoundry #Fjord #sec #bitcoinhalving #Megadrop
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The United States Securities and Exchange Commission (SEC) plans to take a tougher stance on regulating the cryptocurrency sector next year, as published by the regulatory agency in its 2024 priorities report.
According to the document published this Tuesday (17), cryptocurrencies and emerging financial technologies are areas where the SEC will intensify its enforcement efforts, which means that the regulatory agency will use all the resources it can to prioritize the crackdown on cryptocurrencies. .
Last year, the SEC's Examinations Division expanded its scope, establishing specialized units to oversee cryptocurrencies, Artificial Intelligence, fintech and cybersecurity. It appears that the movement against the cryptocurrency sector will remain strong.
#criptomoedas #bitcoin #sec #unitedstates #eua
According to the document published this Tuesday (17), cryptocurrencies and emerging financial technologies are areas where the SEC will intensify its enforcement efforts, which means that the regulatory agency will use all the resources it can to prioritize the crackdown on cryptocurrencies. .
Last year, the SEC's Examinations Division expanded its scope, establishing specialized units to oversee cryptocurrencies, Artificial Intelligence, fintech and cybersecurity. It appears that the movement against the cryptocurrency sector will remain strong.
#criptomoedas #bitcoin #sec #unitedstates #eua
đșđžReminder: The US Producer Price Index (PPI) will be announced today at 16:30.
âąExpectation: 0.1% âąPrevious: 0.5%
Periii, [15.11.2023 14:13]
Today's Important Data in the Economic Calendar đ
â°16:30 đșđžUS Core Retail Sales (Monthly) (October)
â°16:30 đșđžUS Producer Price Index (PPI) (Monthly) (October)
â°16:30 đșđžUS Retail Sales (Monthly) (October)
â°18:30 đșđžUS Crude Oil Stocks
#fed #sec
âąExpectation: 0.1% âąPrevious: 0.5%
Periii, [15.11.2023 14:13]
Today's Important Data in the Economic Calendar đ
â°16:30 đșđžUS Core Retail Sales (Monthly) (October)
â°16:30 đșđžUS Producer Price Index (PPI) (Monthly) (October)
â°16:30 đșđžUS Retail Sales (Monthly) (October)
â°18:30 đșđžUS Crude Oil Stocks
#fed #sec