U.S. Supreme Court Says No More In-House Tribunals for the SEC, Other Federal Regulators
The decision strips the federal securities regulator of a key enforcement power.
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The Protocol
In this week’s abbreviated issue of The Protocol, we’re chronicling the apparent doxing of ‘Pharma Bro’ Martin Shkreli as the driver behind the recently-but-no-longer mooning $DJT token, plus the SEC’s apparent retreat on probing the Ethereum developer Consensys.
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SEC Ends Probe Into Consensus, Won’t Sue Over Ethereum
The U.S. regulator closed its investigation into “Ethereum 2.0,” Consensys said.
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U.S. SEC’s Crypto Enforcer David Hirsch Quits
Hirsch was the chief of the crypto asset and cyber unit in the Division of Enforcement at the U.S. SEC.
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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.
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Robinhood’s Acquisition of Bitstamp Expands Its Global Reach: Architect Partners
Crypto is becoming an increasingly important part of Robinhood’s business, accounting for 20% of total revenue in the first quarter, the report said.
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SEC’s Gensler Shrugs About New Crypto ETFs Strolling Through His Agency’s Gates
Evvel waging a meşru 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.
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U.S. President Biden Vetoes Resolution Overturning SEC Guidance
Joe Biden said he would veto the resolution before the House or Senate voted on it.
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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.
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Ripple’s Brad Garlinghouse Foresees XRP, Solana, Cardano ETFs: Consensus 2024
It’s only a matter of time, the CEO of Ripple said on stage at Consensus 2024 in Austin.