SEC

The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Separately, Nishad Singh, the former director of engineering for collapsed crypto exchange FTX, is planning to plead guilty to fraud charges for his role in the alleged scheme, according to Bloomberg.

Feb 17, 2023

When U.S. regulators sued Do Kwon and Terraform Labs this week for the spectacular implosion of their UST stablecoin and related LUNA token, a huge question was left unanswered: who was the trading partner that booked $1.28 billion in profits as Terra’s $40 billion ecosystem crumbled? According to CoinDesk sources, it was Jump Crypto, a company whose parent has deep roots in conventional finance that’s become a giant in digital assets. “The Hash” panel discusses the latest developments after the SEC released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs.

Feb 17, 2023

Finance

Жалоба SEC на До Квона и Terraform Labs раскрыла, что неназванная торговая фирма помогла Квону восстановить привязку UST к 1 доллару в 2021 году в обмен на токены LUNA со скидкой.

By Tracy Wang, Sam KesslerFeb 17, 2023

The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Former CFTC Chairman Timothy Massad reacts to the allegations, adding that the industry often complains about lack of regulatory clarity, but "you just need to have good lawyers that read the law."

Feb 17, 2023

SEC Chair Gary Gensler is warning other platforms to "take note" of crypto exchange Kraken's move to halt its staking service in the U.S. and cough up a $30 million fine. This comes as Coinbase CEO Brian Armstrong tweeted that his exchange's staking services are not securities and "we will happily defend this in court if needed." Coinbase Chief Policy Officer Faryar Shirzad joins the conversation.

Feb 17, 2023

On Thursday, the U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the firm behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. The SEC is charging Terraform and Kwon with fraud, selling unregistered securities, selling unregistered security-based swaps and other related claims. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the charges in the aftermath of a collapse that triggered a wave of bankruptcies in the crypto industry.

Feb 17, 2023

The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Former CFTC Chair and Harvard Kennedy School Research Fellow and Director of the Digital Assets Policy Project Timothy Massad discusses his outlook on stablecoins and crypto regulation in the U.S. Plus, the significance of a clearer regulatory framework for government agencies to protect investors better.

Feb 17, 2023

Coinbase Chief Policy Officer Faryar Shirzad discusses the outlook for the crypto exchange and digital asset regulation at large on the heels of the U.S. Securities and Exchange Commission (SEC) suing Terraform Labs and its co-founder Do Kwon for misleading investors. Plus, reaction to Kraken ending its crypto staking-as-a-service platform for U.S. customers and its $30 million settlement with the SEC.

Feb 17, 2023

By Dan Ilett, Cam Thompson, Danny Nelson, Benjamin Schiller, Danny BradburyFeb 16, 2023

The U.S. Securities and Exchange Commission (SEC) proposed a rule that would effectively require registered investment advisors (RIA) to go outside the crypto industry to store digital assets, according to its first formal policy push that leans heavily into the cryptocurrency sector. "The Hash" panel discusses the proposal and the potential repercussions amid increased regulatory action from the SEC.

Feb 15, 2023