CyberKongz said it was first contacted by the SEC two years ago and had been “suffering in silence” ever since.
The defendants will likely have to pay something along with "neither admit nor deny” type language, says Pantera’s chief legal officer Katrina Paglia.
The US Securities and Exchange Commission (SEC) has filed a Wells Notice to Immutable over its sales of IMX tokens. The SEC’s contention is related to a 2021 blog post on the pre-launch investment made in the IMX tokens priced at $0.10 or a $10 pre-100:1 split. Related Reading: ADA Is The Star, Cardano Founder […]
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OpenSea CEO Devin Finzer said that the NFT marketplace received a Wells notice from the SEC, suggesting potential enforcement action from the agency.
Atlas Development chief legal officer Oscar Franklin Tan stated that the Wells notice “does everything except provide us with clear rules to follow.”
As Robinhood continues to traverse the complexity of the financial regulatory landscape, Vlad Tenev the company’s Chief Executive Officer (CEO), has taken center stage to address the Wells Notice receipt from the United States Securities and Exchange Commission (SEC) regarding its cryptocurrency business. Tenev’s response to the SEC’s Wells Notice highlights the firm’s commitment to […]
Robinhood’s crypto services contributed to nearly 40% of the firm’s transaction-based revenue and helped the firm produce a net profit for the second straight quarter.
The SEC is planning to file an "enforcement action" against Robinhood's cryptocurrency business, according to the Wells Notice.
Uniswap Labs founder Hayden Adams said its “ready to fight” after disclosing it received a notice of possible enforcement action from the SEC.