House Democrats are criticizing the SEC for abruptly dropping crypto enforcement cases linked to Trump allies, raising concerns over political influence, weakened oversight, and the integrity of federal market regulation.
The SEC has closed its investigation into the Zcash Foundation, initially launched as part of a 2023 crypto asset probe, signaling no enforcement action and easing regulatory pressure on the privacy-focused project.
Ripple CEO expresses strong confidence that XRP is well-positioned for a significant role in the U.S. cryptocurrency landscape, highlighting potential approval for a crypto stockpile and ETF. This optimism signals growing legitimacy for digital assets.
The Securities and Exchange Commission (SEC) has filed a complaint against Geosyn Mining LLC and its CEO, accusing them of defrauding investors out of $5.6 million through a fraudulent ICO. The SEC alleges that Geosyn Mining made false and misleading statements about its business and the use of investor funds. The complaint seeks to permanently enjoin Geosyn Mining from violating federal securities laws, require disgorgement of allegedly ill-gotten gains, and civil penalties.