April 21st, 2025
SEC Crypto News - Page 113
Ripple Co-Founder Chris Larsen Says U.S. Is Losing Tech Cold War to China
By Bhushan Akolkar
October 12th, 2020
Larsen warned that the regulators’ heavy-handed approach with the crypto space can lead to the U.S. losing its financial dominance to its economic arch-rival China. He added that the current regulatory approach is discouraging FinTech companies to stay in the U.S.
Max Levchin’s Lending Company Affirm Confidentially Files for an IPO in the US
By Darya Rudz
October 9th, 2020
Affirm’s IPO will take place as soon as the SEC completes its review process, subject to market and other conditions.
Ripple Threatens to Leave U.S. Over Excessive Federal Government Crypto Regulation
By Tolu Ajiboye
October 7th, 2020
Ripple is considering leaving the U.S. and opting for Asia or Europe instead because of the unfavorable regulatory climate caused by U.S. regulators.
Antivirus Software Pioneer John McAfee Indicted for Tax Evasion in U.S.
By James Lovett
October 6th, 2020
John McAfee is now facing accusations of failing to file U.S. tax returns for the period 2014 to 2018.
Blockchain and Crypto Mining Stocks Attract Big Asset Managers Like Fidelity, Vanguard, Schwab
By Bhushan Akolkar
October 6th, 2020
The financial investments giants have considered allocating their mutual fund holdings to cryptocurrency mining companies in the U.S., Canada, and other parts of the globe.
SEC and OCC Address Crypto Regulation Myths Hampering Growth
By Godfrey Benjamin
October 5th, 2020
Jay Clayton said the SEC’s door is “wide open” to those who want to learn and understand how to “tokenize the ETF product in a way that adds efficiency.”
TWLO Shares Jump 9% in Pre-market, Twilio Expects More Quarterly Revenue for Q3 2020
By Bhushan Akolkar
October 2nd, 2020
Twilio is yet to surprise the markets and investors hinting at higher than expected revenues in its latest filing with the SEC. The company also announced new products and initiatives at its recently held Signal conference.
NKLA Shares Closed 17.72% Up After Nikola Says It Will Maintain Production Targets
By Godfrey Benjamin
October 2nd, 2020
Nikola (NKLA) stock closed 17.72% up following the company’s claims to maintain its production timeline. However, it is still unable to erase the over 35% loss suffered since the whole Hindenburg Research saga.
Federal Judge Rules that Kik’s 2017 Token Sale Violated US Securities Law
By Darya Rudz
October 1st, 2020
Before October 20, the parties have to file either a joint proposal for Kik’s investors, or a document with a proposal on how to proceed.
Bitwise Bitcoin Fund Jumps to $9 Million as Investors Worry Over Inflation
By Tolu Ajiboye
September 28th, 2020
The Bitwise Bitcoin Fund grew from $4 million to nearly $9 million over the past year. The increase is boosted by the investors’ fear of inflation.
NKLA Stock Tanks 25% as Nikola Faces Allegations of Fraud and Misleading Investors
By Bhushan Akolkar
September 24th, 2020
The latest report from Hindenburg Research accusses Nikola for defrauding investors about the preparedness of its hydrogen-fuel technology. Stock tanks more than 40% in the last three days.
Brazilian Fund Manager Hashdex Launches World’s First Crypto ETF in Partnership with Nasdaq
By Bhushan Akolkar
September 23rd, 2020
The Hashdex Nasdaq Crypto Index ETF has received approval from the Bermuda regulators and will be listed on the Bermuda Stock Exchange (BSX) by the end of 2020.
Bentley Systems Increases IPO Price Range to Raise $225 Million
By Tolu Ajiboye
September 22nd, 2020
Software development company Bentley Systems has revised its share price to between $19 and $21 per share as it is going to raise $225 million in IPO.
U.S. Banks Get Regulatory Approval to Hold Reserve Funds for Stablecoins
By Bhushan Akolkar
September 22nd, 2020
The OCC and the SEC have released new guidance detailing all the operational requirements for U.S. national banks to reserve funds while working with a stablecoin issuer.
Nikola Founder Trevor Milton Set to Step Down from Executive Leadership Voluntarily
By staff writer
September 21st, 2020
Trevor Milton expressed his confidence that Stephen Girsky has the right leadership qualities to direct Nikola’s vision at the Board level.