ChainCatcher News, the nominee for Chairman of the U.S. Securities and Exchange Commission, Paul Atkins, attended the confirmation hearing of the Senate Banking Committee, where he emphasized the necessity of establishing rules for digital asset management in his testimony, stating that this is an urgent challenge for both innovation and investor protection. Paul Atkins also criticized certain actions taken during Gary Gensler's tenure and committed to further investigating the FTX collapse to ensure a thorough examination of the incident, thereby protecting investors, promoting efficient markets, and facilitating capital formation.In response to questions from Senator Elizabeth Warren, Paul Atkins emphasized the need to divest all financial assets that may present conflicts of interest, including crypto-related assets and his consulting firm, Patomak Global Partners.

ChainCatcher news, according to a press release from the U.S. Securities and Exchange Commission (SEC), The Vanguard Group, Inc. will pay $106.41 million to settle allegations of misleading statements regarding the capital gains distribution and tax implications that affected retail investors holding Vanguard Investor Target Retirement Funds (Investor TRFs) in taxable accounts. The settlement amount will be distributed to the affected investors.

ChainCatcher message, Gary Gensler allegedly posted a farewell on the X platform, stating: It has been my honor to serve as the Chair of the U.S. Securities and Exchange Commission. Public service is about giving back to our communities, whether they are neighborhoods, counties, or states; or, as part of this agency, I firmly believe that capital markets, competition, and common-sense rules benefit both investors and issuers. This is why the SEC and its staff play a critical role in overseeing the markets and ensuring compliance with common-sense rules of U.S. securities law:We have reduced costs and risks and enhanced the integrity of our two largest markets—the nearly $60 trillion stock market and the $28 trillion bond market;We have helped improve the transparency and integrity of corporate governance for public companies, including implementing new cooling-off periods and other conditions before insiders of companies that may possess significant non-public information trade their company’s securities;We have established rules requiring regulated broker-dealers and investment advisers to notify clients of data breaches that may put personal information at risk;We have laid the groundwork for important debates regarding the growing applications of artificial intelligence in the financial sector;We have updated the rules for the stock and bond markets, shortening the settlement cycle;We have returned over $2.7 billion to harmed investors.

ChainCatcher news, according to Cointelgraph, Montenegro's Minister of Justice Andrej Milovic has discussed the investigation into Terraform Labs co-founder Do Kwon with officials from the U.S. Securities and Exchange Commission (SEC), including Enforcement Director Gurbir Grewal. As of the time of publication, Do Kwon remains in Montenegro, where the courts are considering extradition requests from the U.S. and South Korea.

ChainCatcher news, the U.S. Securities and Exchange Commission (SEC) website has been restored, after the SEC official site displayed Page not found, suspected to have been attacked.

ChainCatcher news, the U.S. Securities and Exchange Commission (SEC) has met with representatives from at least 7 financial institutions to discuss the issuance of a Bitcoin spot ETF (exchange-traded fund). The financial institutions discussing the issuance of a Bitcoin spot ETF with the SEC include BlackRock, Grayscale Investments, ARK Investments, and 21Shares, among others. Representatives from the Nasdaq Stock Exchange and the Chicago Board Options Exchange also attended the meetings. It is reported that the SEC will approve multiple companies to issue Bitcoin spot ETFs; however, if the application documents do not meet the requirements by the 29th of this month, they will miss the opportunity to launch Bitcoin spot ETF products in early January next year.

ChainCatcher news, Reaper Finance CEO Patrick L. Riley tweeted that the digital asset investment management company Arrington Capital has submitted a hedge fund application based on XRP to the U.S. Securities and Exchange Commission (SEC).According to the application information, the hedge fund is named "Arrington XRP Capital," which is a multi-strategy hedge fund investing in early-stage venture capital and public markets.In addition, TechCrunch, CrunchBase, and Arrington Capital founder Michael Arrington posted a photo with Ripple CEO Brad Garlinghouse on Twitter today. (source link)

ChainCatcher news, according to documents from the official website of the U.S. Securities and Exchange Commission (SEC), the SEC has charged SBF with defrauding FTX investors. The SEC's complaint alleges that Bankman-Fried violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The SEC's complaint seeks an injunction against future violations of the securities laws; a ban on SBF from participating in the issuance, purchase, offer, or sale of any securities, except for his own personal accounts; the forfeiture of his ill-gotten gains; civil penalties, and more.At the same time, the U.S. Attorney's Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) have brought charges against SBF. (source link)

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has charged FTX founder Samuel Bankman-Fried (SBF) with defrauding investors in FTX, alleging that the defendant concealed his transfer of FTX customer funds to Alameda Research while raising over $1.8 billion from equity investors, including approximately $1.1 billion from about 90 U.S. investors.The SEC is investigating other violations of securities laws as well as other entities and individuals related to the alleged misconduct. The SEC will seek an injunction to prohibit SBF from participating in the issuance, purchase, offer, or sale of any securities, except for his own personal account statements. The lawsuit seeks to recover SBF's ill-gotten gains and impose civil penalties on him.SEC Chairman Gary Gensler stated that we are charging SBF with building a house of cards based on deception while claiming to investors that it was one of the safest buildings in cryptocurrency. Meanwhile, the U.S. Attorney's Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) also announced charges against SBF today. (Source link)

Chain Catcher News, the corporate finance division of the U.S. Securities and Exchange Commission is establishing a new office tailored for public disclosure information for crypto companies. The office will have two branches, one for legal and one for accounting. The deputy director of the disclosure division, Cicely LaMothe, stated that the office will be under the corporate finance department and will be responsible for handling disclosures for publicly traded companies. (The Block)