Former SEC chief warns influencers about prosecution for crypto price manipulation
The SEC has started clamping down on crypto influencers, issuing several fines and cease and desist orders in the past few years.
The SEC has started clamping down on crypto influencers, issuing several fines and cease and desist orders in the past few years.
The SEC suit alleged former Coinbase product manager Ishan Wahi and his brother used non-public knowledge to trade digital asset securities.
Kwon and former chief financial officer Han Chong-joon reportedly lived in Serbia before they were caught trying to leave neighboring Montenegro using false documents.
The cryptocurrency exchange filed a petition for rulemaking with the SEC in July and was served a Wells notice for potential violations of securities law in March.
According to court documents shared by James Filan, the Hinman materials will likely be unsealed by June 13.
Grayscale has removed ETH futures ETF plans after a warning from the SEC, while Bitwise amended its SEC filing to halt any near launch of Ether ETF products.
The infamous Hinman Speech docs are required to be unsealed by June 6 according to a previous court order, suggests defense attorney James K. Filan.
After being initially discussed in 2021, the investment fund is now capitalizing on the meme-worthy ticker for its new leveraged Bitcoin ETF.
United States District Judge Analisa Torres made the order on May 16 in a win for Ripple.
Speaking at the Financial Markets Conference, the SEC chair asserted that the rules for crypto are already in place and that the crypto sector has been largely non-compliant.