Crypto News

SEC Clarifies Position on Crypto Mining Machines

The SEC has clarified misconceptions about crypto mining machines. Only specific hardware, known as 'green boxes,' is identified as securities, as stated in a recent Bloomberg report. This distinct...

Senator Tim Scott Critiques SEC Chair Gensler Over Hearing Postponement

U.S. Senator Tim Scott condemns SEC Chair Gary Gensler for delaying a Senate hearing, warning of negative impacts on the economy. In response, Republicans introduce the Empowering Main Street in Am...

SEC's $4.9 Billion Fines: 784 Enforcement Actions in Fiscal Year 2023

In FY 2023, the SEC conducted 784 enforcement actions, resulting in $4.9 billion in fines aimed at protecting investors. $930 million was distributed to harmed investors, showcasing the SEC's commi...

SEC Files Lawsuit Against Merrill Lynch for Profiting from Market Volatility

The SEC has sued Merrill Lynch, accusing the firm of exploiting market volatility to profit from client transactions, raising concerns over brokerage practices. This comes as Merrill Lynch expands ...

SEC Delays Decision on Ethereum Spot ETF: BlackRock and Bitwise

The SEC has postponed its decision on Ethereum spot ETF applications from BlackRock and Bitwise, setting new deadlines for November. This extends the review period for their proposals as the market...