2025-02-28
SEC says meme coins are not subject to federal securities laws
Meme coins are not securities and, hence, aren't subject to federal laws regulating the financial instruments, according to the Securities and Exchange Commission. The agency has issued its official stance on meme coins, comparing them to collectibles, since their value is "derived from speculative trading and the collective sentiment of the market." Meme coins do not fit the definition of securities under the law, SEC said, because they do "not generate a yield or convey rights to future income, profits, or assets of a business." People who purchase them are also not considered to be investing in an enterprise, which means they're not "investment contracts" that are classi [...]
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2025-02-21
Coinbase says Trump’s SEC has ended its enforcement case against the crypto company
Coinbase says that the SEC has agreed to end an enforcement case that accused it of illegally running an unregistered securities exchange. This could signal a major change in how the US government wil [...]
2025-01-15
SEC lawsuit claims Musk gained over $150 million by delaying Twitter stake disclosure
After a more than two-year investigation, the Securities and Exchange Commission has sued Elon Musk over his delayed disclosure of the Twitter stock he amassed before announcing his intention to acqui [...]
2024-12-31
Terraform Labs co-founder Do Kwon will face securities fraud charges in the US
Terraforms Labs CEO Do Kwon spent the last day of 2024 getting extradited to the US, Reuters reports. Kwon faces charges in the US for "orchestrating a multi-billion dollar crypto asset securitie [...]
2025-02-11
Man from Alabama pleads guilty over SEC's fake bitcoin post on X
Eric Council Jr. from Alabama has pleaded guilty to being a co-conspirator in the unauthorized takeover of the US Securities and Exchange Commission's Twitter account last year. In early January [...]
2025-02-28
Engadget Podcast: iPhone 16e review and Amazon's AI-powered Alexa+
The keyword for the iPhone 16e seems to be "compromise." In this episode, Devindra chats with Cherlynn about her iPhone 16e review and try to figure out who this phone is actually for. Also, [...]
2025-02-12
EFF sues Elon Musk and DOGE to block their access to federal employee data
The Electronic Frontier Foundation, along with multiple federal employee unions, have filed a lawsuit against Elon Musk and his Department of Government Efficiency (DOGE) team to block their access to [...]