Jay Clayton, the Chairman of the US Securities and Exchange Commission (US SEC) resigns from his post in front of New Year. Jay threw in the towel after putting pressure on Ripple Inc. accusing the company of involving itself in the sale of unregistered digital asset securities worth $1.3 billion.
The United States Securities and Exchange Commission (US SEC), an autonomous agency that protects cryptocurrency investors and the national banking and financial system, is going to file a court case against Ripple Inc.
While the US Securities and Exchange Commission is known for its cautious stance on cryptocurrencies, it seems things have been changing. The watchdog’s Chairman claimed that they are open to Decentralized innovations.
While scammers take advantage of celebrities’ names without them knowing about this, some of the stars willingly take part in fraudulent projects. Thus, a famous US rapper known as T.I. agreed to pay a fine amounting to $75,000 for promoting a fraudulent ICO.
The cryptocurrency community was very enthusiastic about the appointment of Crypto Mom Hester Pierce as a SEC Commissioner again. She is known for her continuous support to the blockchain and cryptocurrency industry.
The United States Securities Exchange Commission (SEC) has adopted a blockchain forensics tool. Despite seemingly favouring the tech, the agency is not so friendly about the product backed by this tech, namely cryptocurrency.
The United States Securities and Exchange Commission (SEC) has been showing hostility to the cryptocurrency businesses. While pressing hard on some projects including Telegram’s TON network and Bitcoin ETF proposals, the regulator fails to establish regulatory clarity within the industry.
As the cryptocurrency market has been attracting more and more users, governments are forced to watch over the industry to protect the citizens against numerous scams and risks. Thus, the government of the Philippines issued a warning against unauthorized Bitcoin and cryptocurrency projects that might be scams.