Us Securities & Exchange Commission
Recent News About Us Securities & Exchange Commission
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Cheong: 'Sam Bankman-Fried is getting away with it'
Political commentator Ian Miles Cheong said the Department of Justice decided not to pursue campaign finance charges against Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX.
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Ava Labs CEO Sirer: Blockchain can give regulators ‘greater visibility than ever before'
Dr. Emin Gun Sirer, founder and CEO of Web3 solutions company Ava Labs, said during a House Financial Services Committee hearing last week that blockchain technology can be beneficial to regulators by increasing the transparency of the “actions and activities,” of crypto industry participants.
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Binance on SEC request to freeze funds: 'No "emergency"… other than the one manufactured by the SEC'
The SEC is seeking an emergency temporary restraining order (TRO) against Binance to freeze assets tied to Binance.US. In response, Binance has filed a memo with the Court challenging the SEC's "emergency" claim, calling it "manufactured" for the SEC's "purposes” of gaining a legal advantage unsupported by fact.
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Dutch Medical Supplier Philips ordered to pay more than $62 million to settle FCPA charges
Amsterdam-based company Koninklijke Philips N.V. has been ordered to pay more than $62 million to settle charges brought by the Securities and Exchange Commission (SEC) for violations of the Foreign Corrupt Practices Act in its sales of medical diagnostic equipment in China.
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Congressional witnesses propose methods for oversight of spot market regulation
Witnesses in a Congressional hearing on April 27 on “The Future of Digital Assets: Identifying the Regulatory Gaps in Spot Market Regulation,” suggested giving the CFTC or a self-regulatory organization oversight authority.
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Davidson proposes legislation removing SEC chair position ‘to correct a long series of abuses'
Rep. Warren Davidson (R-Ohio) is behind a new bill that would put end to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s position after the agency’s plan to possibly redefine what an “exchange” means in terms of cryptocurrency.
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Wharton School chair on digital asset regulations: There is a 'need for a more explicit federal regulatory framework'
Kevin Werbach, the chairperson of legal studies and business ethics at the University of Pennsylvania's Wharton School, said that as the U.S. irons out necessary digital asset regulations, it should make a distinction between stablecoin issuers that are based in the U.S. and those that are not, and should also take into consideration which companies have been pro-compliance and those that have not. While some analysts have expressed concerns that regulatory crackdowns in the U.S. could push innovation overseas, Werbach told the Federal Newswire that he does not believe that will necessarily be the case.
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Economists: 'Leaving the U.S. would only complicate stablecoin issuers' access to dollar-based assets and payment infrastructure'
While some digital asset analysts have voiced concerns that the actions the U.S. Securities and Exchange Commission (SEC) has taken against stablecoins could push innovation out of the U.S. into other countries, two economists told the Federal Newswire that they don't share those concerns. Steve H. Hanke, a professor of applied economics at Johns Hopkins University, and Matt Sekerke, a fellow at the Johns Hopkins Institute for Applied Economics, Global Health and the Study of Business Enterprise, said they believe stablecoin issuers will not leave the U.S. because they benefit from access to the U.S. dollar and financial institutions.