sec

Listen, an interesting thing happened the other day in the States. On June 13, 2025, the American SEC (Securities and Exchange Commission) suddenly abolished a whole series of rules that limited the cryptocurrency industry during the Biden administration. We are talking about 14 initiatives, including several key provisions that have affected the crypto business the most.
All this is part of a new policy that Trump is actively promoting now: the idea is to make the United States a leader in the field of digital assets. The new head of the SEC, Paul Atkins, is obviously set for a softer and more flexible approach to the crypto market.
What exactly was canceled?
Two rules made the most noise.:
Rule 3b-16. It expanded the definition of an "exchange" so much that even DeFi protocols and chat rooms discussing the exchange of tokens fell under it. It turned out that any developer who wrote open source code risked being regulated by the SEC. In the industry, this was perceived as a direct threat.
The storage rule. It forced consultants to store clients' crypto assets only with "official" custodians (most often with banks). This, in fact, displaced crypto companies like Coinbase Custody and made the market less competitive.
In addition to these two, other proposals related to information disclosure, tokenized securities transactions, and climate risks were canceled — all part of a broader deregulation program.
Why did the SEC change its mind?
There were many dissatisfied people even inside the commission. Commissioner Hester Pierce said bluntly that the SEC cannot turn code developers into criminals. They say that writing software is not the same as managing an exchange.
Interestingly, even some Democrats admitted that the rules lacked specifics. This means that they could hardly work effectively and would not create legal clarity.
How did the market react?
The industry reacted violently. DeFi projects like Uniswap and Curve have breathed a sigh of relief. Startups and investment funds like Andreessen Horowitz have already declared that this is a "victory for American technological leadership." A new influx of investments and project launches in the United States is expected.
On the other hand, the traditional players — banks, asset managers — are disappointed. It was convenient for them to act according to the old rules, which gave them more control.
Lawyers are also not thrilled: they warn that sudden policy turns can scare off investors. Who wants to build a business in a country where regulations change dramatically every two years?
What's next?
The SEC is not going to completely abandon oversight. Now they are moving to a point—by-point approach: to figure out which tokens are securities and which are not. There is also coordination with other agencies regarding the regulation of stablecoins.
Instead of strict controls, the SEC promises to use new tools to detect fraud without hindering the development of DeFi. But there is one big problem: there are no clear rules yet. This creates a vacuum in which bona fide projects don't know how to act, and unscrupulous ones can take advantage of it.
It turns out that the crypto market has freedom, but there are no clear guidelines.
The sector has entered a new era, more open, but full of uncertainty. Do you think this is the beginning of a constructive dialogue between the government and the industry, or just a temporary easing before another wave of pressure?
#SEC #CryptoNewss #defi #crypto

#TRUMP ’s Media Company Gets #SEC Greenlight for $2.3B Bitcoin Treasury Move Amid ETF Ambitions
Washington, D.C., June 14 – The U.S. Securities and Exchange Commission (SEC) has officially approved Trump Media & Technology Group’s (TMTG) massive $2.3 billion Bitcoin treasury initiative, granting the company the authority to register and potentially resell tens of millions of shares as it pivots toward a bold cryptocurrency strategy.
TMTG, the parent company of Truth Social, filed a Form S-3 registration statement on June 6, which the SEC declared “effective” as of June 13. The registration encompasses the resale of approximately 56 million shares, in addition to 29 million shares linked to convertible notes, signaling a substantial financial restructuring. These transactions involved nearly 50 private investors, raising the full $2.3 billion which TMTG intends to convert into Bitcoin reserves.
A Universal Shelf & Future Flexibility
The Form S-3 also establishes a universal shelf registration, a move that provides TMTG the legal framework to issue additional securities or raise capital at any time in the future. However, the company emphasized that it has “no immediate plans” to utilize this shelf for further offerings.
Bitcoin: The Core Asset in a Political Tech Empire
This development aligns with TMTG’s previously announced intent—initially denied but later confirmed—to hold Bitcoin as a primary treasury asset. CEO Devin Nunes, former U.S. Congressman and a key figure in the Trump-aligned media venture, said the company is "aggressively implementing" expansion plans across its core verticals: social media, streaming, fintech, and now digital assets.
“By simultaneously enhancing and growing our social media platform, TV streaming platform, and our fintech brand while establishing a Bitcoin treasury, we aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy,” Nunes said.
In May, TMTG revealed it had raised $2.5 billion for Bitcoin acquisition, with Nunes describing the leading cryptocurrency as an “apex instrument of financial freedom.” That announcement came amid speculation fueled by on-chain data and reports from analytics firms like Arkham Intelligence, which likened the move to former MicroStrategy CEO Michael Saylor’s Bitcoin accumulation strategy.
TMTG Eyes Bitcoin ETF
Adding another layer to its crypto push, TMTG filed to launch a spot Bitcoin exchange-traded fund (ETF) with the SEC on June 5. The application notes that the ETF’s trust will consist primarily of Bitcoin held by a custodian, aiming to mirror the asset’s market performance.
“The assets of the Trust consist primarily of Bitcoin held by a custodian on behalf of the Trust. The Trust seeks to reflect generally the performance of the price of Bitcoin,” the filing stated.
Market Reaction
Despite the groundbreaking announcement, TMTG shares experienced a 2.06% dip, reflecting market caution or profit-taking amid the company’s evolving business model. Still, investor interest remains high as the firm integrates blockchain and digital asset infrastructure into its conservative media and tech ecosystem.
Analysis: TMTG’s aggressive pivot into Bitcoin sets a precedent among politically affiliated tech firms. With SEC approval in hand and a $2.3 billion treasury secured, the company appears poised to become a hybrid of media, fintech, and crypto—offering its user base not just content, but financial autonomy through decentralized assets.

#TMTG #TradingCommunity #BTC

Ripple and the SEC have reignited efforts to end their dispute over XRP, aiming to dissolve the final injunction, unlock $125 million, and cement a long-awaited settlement.

Ripple and SEC Push Court to Finalize XRP Case, Dissolve Final Injunction and Free Escrowed Funds
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. jointly filed a motion on June 12 requesting that District Judge Analisa Torres issue an indicative ruling to dissolve a civil injunction and allow the distribution of over $125 million in escrowed penalty funds. The two parties are seeking relief under Rules 62.1 and 60(b) of the Federal Rules of Civil Procedure.
The motion states: “These parties seek a ruling as to whether, upon their joint motion … the Court would dissolve the injunction included in the Final Judgment in this matter … and order that the escrow account holding the $125,035,150 civil penalty imposed against Ripple by the Final Judgment be released and distributed with $50 million paid to the SEC in full satisfaction of that penalty and the remainder paid to Ripple.” The SEC and Ripple added:
If the Court issues the requested indicative ruling, the SEC and Ripple will move the United States Court of Appeals for the Second Circuit … for a limited remand to seek such relief from this Court.
The Second Circuit is involved because the case is on appeal, limiting the district court’s authority to modify its judgment. An indicative ruling would signal Judge Torres’ willingness to grant the relief, allowing the appellate court to temporarily return the case for that purpose.
Judge Torres had previously rejected a similar request on May 8, citing that the motion did not demonstrate “exceptional circumstances” as required for altering a final judgment. This time, the parties emphasized that the proposed resolution would avoid protracted litigation and support judicial efficiency. They further argued that the motion aligns with the SEC’s evolving policy under interim Chairman Mark Uyeda, noting the regulator’s recent decision to drop several crypto enforcement actions.
In their filing, the SEC and Ripple urged the Court to issue the ruling as a step toward finalizing a long-contested legal matter. They concluded:
The Court should grant the SEC’s and Ripple’s joint motion and issue an indicative ruling that the Court would, upon their motion … dissolve the injunction against Ripple and order the escrowed funds be distributed per the Settlement Agreement ($50 million to the SEC, the remainder to Ripple).
“Doing so would promote efficiency and the policy favoring settlements, obviate the need for additional litigation in this Court and the Court of Appeals, and be consistent with the SEC’s recent actions in other crypto registration cases,” the filing adds.
The underlying case centers on the SEC’s allegation that Ripple’s sale of XRP constituted an unregistered securities offering. This high-profile legal battle, which began in December 2020, has been a focal point in the debate over how U.S. securities laws apply to digital assets. A resolution would mark a pivotal moment for regulatory clarity concerning XRP and similar cryptocurrencies.

#Binance #wendy #SEC #XRP $XRP

BREAKING: #SEC Appoints Former Blockchain.com Exec as New Market Boss
The U.S. SEC has just made a bold move…
👉 Jamie Selway, former Global Head at Blockchain.com, is now the Director of Trading & Markets at the Securities and Exchange Commission (SEC).
Why does this matter?
Selway isn’t just any Wall Street guy — he’s a crypto insider with deep roots in digital asset infrastructure and electronic trading. This appointment signals a massive shift toward integrating crypto expertise into U.S. market regulation.
With crypto ETFs booming, Wall Street stacking Bitcoin, and the SEC under pressure to modernize — this is a game-changing hire.
Key Details:
▶️ Appointment effective from June 17, 2025
▶️ Ex-Blockchain.com, Sophron Advisors, and Goldman Sachs
▶️ Known for shaping U.S. market structure and fintech reform
What This Could Mean:
▶️ Faster regulatory clarity for crypto
▶️ Stronger push for fair markets & innovation
▶️ Increased institutional confidence in digital assets

#BTCPrediction #CardanoDebate $BTC $ETH

#SEC
The fall of Gotbit marks a watershed moment in crypto’s fight for transparency, as U.S. authorities crack down on a years-long manipulation scheme that has exposed just how deeply fake trading volumes have distorted trust in token markets.
Aleksei Andriunin, the founder and CEO of Gotbit Consulting, was sentenced to eight months in prison on Friday following a federal investigation into a multi-million-dollar wash trading operation.
The 26-year-old, a dual citizen of Russia and Portugal, pleaded guilty earlier this year to wire fraud and conspiracy to commit market manipulation.
Gotbit Ordered to Cease Operations After Fraud Conviction
The sentencing took place in Boston, where U.S. District Court Judge Angel Kelley also ordered one year of supervised release for Andriunin. He was arrested in Portugal in October 2024 and extradited to the United States in February 2025.
Gotbit Consulting LLC, which was widely known in the crypto industry as a market maker, received five years of probation. The company was also ordered to forfeit approximately $23 million in seized cryptocurrency. As part of the sentence, the firm will cease operations.

Prosecutors said that between 2018 and 2024, Gotbit manipulated cryptocurrency trading volumes to give the appearance of active markets.
The firm marketed these services to crypto companies seeking listings on major platforms, including CoinMarketCap and centralized exchanges.

In a 2019 interview, Andriunin openly described how he developed algorithms to carry out wash trades, essentially buying and selling the same asset to inflate volume and influence token listings.
Court documents revealed that Gotbit’s team used multiple wallets to mask these trades on public blockchains, making detection more difficult.
“Gotbit’s activities were designed to deceive both investors and market platforms by fabricating the appearance of active trading,” said U.S. Attorney Leah Foley. “This sentencing holds them accountable and sends a message to others in the industry.”
Gotbit admitted to manipulating the token prices and volumes of several clients, including Robo Inu and Saitama, whose executives were charged in separate cases unsealed last year.
The scheme allowed the firm to collect tens of millions of dollars in fees from crypto projects seeking attention and legitimacy. Executives from those companies face separate criminal charges unsealed last year.
The Department of Justice named two other Gotbit executives, Fedor Kedrov and Qawi Jalili, in an October 2024 indictment. Both remain charged in the ongoing case.
Gotbit Case Tied to Broader Wash Trading Crackdown
The Gotbit case is the latest in a string of federal actions targeting wash trading in the crypto market.
Following the criminal sentencing of Gotbit’s CEO and the firm’s shutdown, the U.S. Securities and Exchange Commission filed a civil suit against the company for violating securities laws.
It’s the third major enforcement case against a crypto market maker in recent months, preceded by similar actions against MyTrade in October 2024 and CLS Global in April 2025.
All three were uncovered through a sweeping undercover operation led by the FBI’s Boston Division.
Acting special agent Kimberly Milka said the agency remains committed to “pursuing those who manipulate markets for profit.”
Federal prosecutors charged 15 people and multiple firms, including Gotbit, ZM Quant, and CLS Global, with market manipulation in late 2024.

The crackdown resulted in four arrests, five plea deals, and over $25 million in crypto asset seizures.
In April, CLS Global was fined over $428,000 and barred from operating in the U.S. for three years.
Wash trading, where a trader buys and sells the same asset to inflate volume, remains a widespread issue.
Chainalysis estimates at least $2.6 billion in wash-traded volume across the crypto market, with some studies suggesting the actual figure could be far higher.

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US President Donald Trump has revealed earning $57 million from World Liberty Financial (WLF), a cryptocurrency venture he is involved in alongside his sons, Eric Trump and Donald Trump Jr.
According to a more than 200-page financial disclosure filed with the US Office of Government Ethics, Trump also holds 15.75 billion governance tokens in WLF—granting him significant voting power within the company.
The disclosure shows that WLF was Trump’s single largest income source among hundreds of assets, surpassing revenue from his books and real estate holdings.
The filing is expected to intensify scrutiny over Trump’s growing ties to the crypto sector, with critics raising concerns about possible conflicts of interest.
Trump earns significant income amid his pro-crypto stance 
World Liberty Financial announced in January that it has sold 21 billion tokens in a public sale, hitting its target of raising $ 1 billion. A filing with the US Securities and Exchange Commission in 2024 described the special envoy for Trump, Steve Witkoff, as a promoter for WLF.
Public support from Trump has helped fuel a rally in crypto markets, sending the price of Bitcoin to over $100,000 a coin. In addition, under chair Paul Atkins, the SEC has dismissed several high-profile cases against crypto groups.
Interestingly, Trump has often promoted his $TRUMP meme coin on social media. He also hosted a gala dinner for its largest holders last month.
Last week, the Trump family media company said it was planning to launch its own exchange-traded fund to hold Bitcoin directly, and in May, it said it would raise $2.5 billion to establish a “Bitcoin treasury.”
During a Bitcoin conference in Las Vegas in May, Eric Trump and Donald Trump Jr revealed that cryptocurrencies were cheaper, faster, more secure, and more transparent than traditional fiat currencies.
The White House did not respond immediately to a request for comment.
World Liberty reveals Trump’s family as its major shareholder
World Liberty, launched last fall, aims to make financial services reachable to people in cryptocurrencies without intermediaries like banks—a concept known as decentralized finance (DeFi). However, it has yet to release a public platform, and according to a review of the project, it has only a small staff.
Nonetheless, World Liberty said in mid-March that it had raised $550 million by selling “governance tokens.” According to reliable sources, most sales occurred following Trump’s victory in November.
The tokens, denoted by the symbol $WLFI, entitle holders to vote on proposed changes to a project’s underlying code and signal their perspective on its vision and future road maps. Still, they cannot be traded.
It is worth noting that while World Liberty Financial took in more than half a billion dollars, President Donald Trump’s family seized control of the crypto venture and much of that money with it. This is supported by governance rules that industry experts believe disproportionately favor insiders.
This was revealed after World Liberty announced in January that the Trump family had acquired the business as its fundraising gained momentum.
Two of the co-founders of World Liberty, crypto entrepreneurs Zak Folkman and Chase Herro, have been replaced as the main leaders by a group with a 60% ownership stake from the Trump family. 
The Trump family claims 75% of the profits from token sales and 60% from World Liberty’s operations once they begin. This setup means the Trump family is set to receive around $400 million in fees. 
Following the mid-March sales, after the co-founders took their share, World Liberty only retained 5% of the $550 million raised to develop the platform.
Trump’s family faces criticism over their shareholder capacity in WLF
The way this project is organized, especially with the Trump family’s large share of revenue and the fact that governance tokens cannot be traded, makes World Liberty quite centralized compared to others in the industry. 
This conclusion comes from a review of practices at the five biggest DeFi lending platforms and interviews with four US professors who study crypto. 
Jim Angel, an associate professor at Georgetown University who focuses on DeFi regulation, said he finds it hard to see any financial advantage for those holding these tokens. 
Additionally, David Krause, a finance professor at Marquette University in Milwaukee who recently studied World Liberty, noted that the project’s structure effectively keeps public investors or token holders from having any real financial involvement. 
KEY Difference Wire: the secret tool crypto projects use to get guaranteed media coverage

#SEC #BTC #ETF

The SEC is under fire from Better Markets for sidelining public rulemaking in crypto oversight, raising alarms over transparency failures and investor risks.

SEC Accused of Undermining Public Accountability With Informal Crypto Policies
Policy advocacy group Better Markets, a nonprofit organization focused on financial market reform and public interest protection, submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) on June 11, sharply criticizing the Crypto Task Force’s approach to policymaking. The group called on the agency to abandon its reliance on staff-issued guidance documents and return to the more rigorous framework of public rulemaking.
Contending that recent crypto-related guidance has lacked transparency, public input, and formal accountability, the letter states:
We urge the Crypto Task Force in the future to proceed through notice-and-comment rulemaking.
Better Markets pointed to remarks made by SEC Chair Paul S. Atkins on June 3, when he reaffirmed a commitment to public rulemaking, as evidence that the current approach diverges from even the agency’s own declared principles.
Benjamin L. Schiffrin, Director of Securities Policy at Better Markets, raised concerns that the SEC’s informal process precludes democratic participation and fosters unbalanced regulatory outcomes. “The Crypto Task Force does not appear to be open-minded. Instead, it seems only to want to get the SEC ‘out of the way of anything and everything in the crypto space.’ The use of guidance documents facilitates the Crypto Task Force’s ability to do this unfettered because it need not respond to any public feedback.” The group also warned that “guidance documents such as those issued by the Crypto Task Force avoid procedures intended to ‘facilitate public participation in the regulatory process.’” These criticisms were tied to broader concerns about investor protections and regulatory legitimacy.
Better Markets cited the SEC’s February staff statement on meme coins as a prime example of the dangers of this approach. The agency’s assertion that meme coins are not securities but instead “collectibles” received significant criticism. The group stressed:
The SEC’s guidance on meme coins is especially shocking because the staff admits that meme coins are speculative, experience significant market price volatility, and are often accompanied by statements regarding their risks. These characteristics do not make meme coins sound like ‘collectibles’ such as artwork, stamps, or baseball cards.
The organization concluded by underscoring the dangers of bypassing notice-and-comment: “The SEC must remember that the use of guidance documents undermines ‘the legitimacy of the rules produced by removing even the pretense of public access and participation.’” Better Markets pressed for formal rulemaking to restore public trust and ensure fair oversight in the crypto sector.

#Binance #wendy #SEC $BTC $ETH $BNB