Crypto News 

SEC to Hold Public Forum on Blockchain at the End of March

“The Securities and Exchange Commission announced on Friday that it is going to hold a public forum on blockchain technology” writes David Kimberley for financemagnates.com. According to a statement released by the SEC, the forum will deal with both blockchain technology and cryptocurrencies.Some time will be spent looking at blockchain technology, what uses it can be toward and how it is changing certain industries.The financial watchdog’s blockchain forum will be the second such event that it has hosted, though the last was way back in 2016 – light years in…

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Crypto News 

SEC’s Finhub to Host Public Forum on Blockchain, Digital Assets in May

“United States regulator the Securities and Exchange Commission (SEC) has announced that it is hosting a public forum on distributed ledger technology (DLT) and digital assets this May” writes Olivia Capozzalo for cointelegraph.com. As previously reported, Finhub was created in fall 2018 with the aim of facilitating the agency’s engagement in fintech-related fields, including DLT and digital assets. Source: cointelegraph.com

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News 

SEC charges VW and its former CEO with defrauding investors in Dieselgate

“The surprise charges from the SEC arrive as the German company attempts to distance itself from the scandal” writes Associated Press for autoblog.com. The charges from the U.S. Securities and Exchange Commission come two years after the German automaker settled with the U.S. over criminal and civil charges, as the company tries to distance itself from one if its darkest eras. Source: autoblog.com

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News 

Here’s how the SEC should decide if companies should report earnings only every 6 months

“The Securities and Exchange Commission has set a March 21 deadline for public comments on possible changes to its current financial reporting requirements for U.S. publicly traded companies” writes Richard B for marketwatch.com. Moreover, assessing the merits or flaws of such modifications surely is susceptible to benefit-cost analysis.To help answer this question, the SEC should embrace benefit-cost analysis in a serious way that sets a standard for other U.S. financial regulatory agencies.Many people in the current administration and in Congress claim that they favor benefit-cost analysis and evidence-based decision-making.For example,…

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Crypto News 

SEC Chairman Highlights Investor Protection in Regard to Bitcoin ETF

“United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton is still concerned about investor protection when it comes to the commission approving a Bitcoin (BTC) Exchange-Traded Fund (ETF)” writes Helen Partz for cointelegraph.com. Earlier this week, Jay Clayton confirmed his previous statement that Ethereum (ETH) and similar cryptocurrencies are not securities under U.S. law. However, Clayton stipulated that he meant that a digital asset’s definition as a security can change over time. Source: cointelegraph.com

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News 

Elon Musk’s defense of his Tesla tweet will get U.S. SEC response

“The settlement between Musk, Tesla and the SEC resolved an SEC lawsuit over claims Musk made on Twitter in August that he had “funding secured” to take Tesla private at $420 per share” reports autoblog.com. The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Chief Executive Elon Musk’s arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his recent fraud settlement. Source: autoblog.com

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Crypto News 

US SEC Chairman Jay Clayton Confirms ETH Is Not a Security

“Citing a letter written by Clayton, Coin Center reports that the SEC staff has found that ETH is not a security under U.S. law” writes Adrian Zmudzinski for cointelegraph.com. United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton confirmed that Ethereum (ETH) and cryptocurrencies like it aren’t securities under U.S. law, non-profit crypto research organization Coin Center reports on March 12.In his answer letter, dated March 7, Chairman Clayton noted that he agrees that a digital asset’s definition as a security is “not static” and thus can change over…

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News 

SEC, DOJ fine Lumber Liquidators $33 million for lying after ’60 Minutes’ allegations

“Lumber Liquidators fraudulently told investors that third-party test results of its flooring products proved compliance with formaldehyde emissions standards and that it had discontinued sourcing materials from suppliers that were unable to meet these standards” writes Francine Mckenna for marketwatch.com. The company has also entered into a deferred prosecution agreement with the Department of Justice and agreed to pay a total of $33 million in criminal fines and forfeiture. Source: marketwatch.com

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News Platforms 

CFTC Requires Trading Platform to Pay $990K for Illegal Bitcoin-Related Transactions

“As Cointelegraph previously reported, the U.S. Securities and Exchange Commission (SEC) and Federal Bureau of Investigation (FBI) were also involved in prosecution” writes Ana Berman for cointelegraph.com. The United States Commodity Futures Trading Commission (CFTC) has announced Monday, March 11, that international securities dealer 1pool Ltd. and its CEO Patrick Brunner must pay a total of $990,000 for illicit Bitcoin (BTC) transactions with U.S. customers. Source: cointelegraph.com

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News Stocks 

Tesla issues stock for trucks and trailers to bolster deliveries

“Tesla filed documents with the SEC today to register 49,967 shares of Tesla common stock” writes Andrew Krok for cnet.com. “Tesla agreed to issue shares of Tesla’s common stock in connection with its acquisition of certain car-hauling trucks and trailers from Central Valley Auto Transport, Inc., an automotive transport provider,” the automaker wrote in its SEC filing. Source: cnet.com

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