Securities and Exchange Commission

Securities and Exchange Commission

Policy

U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge

A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.

Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)

Policy

Coinbase Accuses U.S. SEC, FDIC of Improperly Blocking Document Requests

The U.S. crypto exchange wanted the SEC to give up documents on closed probes involving ether's status as a security, and its research contractor is now suing to get them.

Coinbase CEO Brian Amstrong and SEC Chair Gary Gensler

Policy

U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC

The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgment interest, and civil penalties

Terraform Labs co-founder Do Kwon (CoinDesk TV)

Policy

Ether ETFs Should Be Fully Approved by September, Says SEC Chair Gensler

The chair of the Securities and Exchange Commission told senators in a budget hearing that the applications to run ether spot ETFs should be finished this summer.

Chair Gary Gensler continues to defend his agency's Staff Accounting Bulletin No. 121 on handling crypto. (Jesse Hamilton/CoinDesk)

Policy

Terraform Labs, Do Kwon Agree to Pay SEC a Combined $4.5B in Civil Fraud Case

The settlement agreement, if accepted by a judge, would also ban Kwon and Terraform Labs from buying or selling all crypto asset securities.

Terraform Labs co-founder Do Kwon (CoinDesk TV)

News Analysis

SEC's Gensler Shrugs About New Crypto ETFs Strolling Through His Agency's Gates

Once waging a legal battle against crypto ETFs, SEC Chair Gensler now talks about the pending ETH ETF as if it's a casual process and is jumping through the standard hoops.

U.S. Securities and Exchange Commission Chair Gary Gensler's tone has changed about crypto exchange traded funds. (Nikhilesh De/CoinDesk)

Policy

Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy

Lobbying groups for the U.S. banks sent President Joe Biden a letter asking him to change his mind on his threat to veto the congressional effort to overturn SAB 121. Members of Congress did, too.

Chair Gary Gensler continues to defend his agency's Staff Accounting Bulletin No. 121 on handling crypto. (Jesse Hamilton/CoinDesk)

Policy

U.S. Sen. Wyden: House 'Right' to Pursue Crypto Bill, Late in Session for More Progress

The Oregon Democrat has been among his party's crypto sympathizers in the Senate, and he said there's "a long way to go" after this early burst of crypto momentum in Washington.

Sen. Ron Wyden, who heads the Committee on Finance, speaks at Consensus 2024. (Shutterstock/CoinDesk)

Markets

Uniswap Foundation Shares Balance Sheet as Fee Vote Nears

The Uniswap Foundation's balance sheet shows $41.41 million in fiat and stablecoins and 730,000 UNI tokens.

Floatie in the form of a unicorn, the emblematic mythical creature featured in Uniswap's logo and marketing materials. (Unsplash/Modified by CoinDesk)

Policy

Coinbase Slugs It Out With U.S. SEC in Effort to Get Key Crypto Question Answered

The exchange filed another response in court in its ongoing request to appeal a single legal point at the heart of the industry's dispute with the Securities and Exchange Commission.

Coinbase CEO Brian Amstrong and SEC Chair Gary Gensler