SEC news

The U.S. Securities and Exchange Commission (SEC) announced yesterday that crypto assets will also be subject to audits by market participants, such as investment advisors and brokerage service providers, in 2022. The institution has also included ESG (Environmental, social and corporate governance), one of the biggest discussion topics of the last period, into this group.

There has been another important development in the "unregistered securities sale" lawsuit between the US Securities and Exchange Commission (SEC) and the Ripple company. The SEC has requested an adjournment for the discovery period, which will expire on March 23, regarding the cases of Ripple CEO Brad Garlinghouse and Chris Larsen, the individual defendants in the case. The Ripple side responded to the request with a letter of objection.

While the SEC-Ripple lawsuit continues, FXOpen executive expects Ripple (XRP) to win the lawsuit. There are critical developments in the trial.


New York Digital Investment Group and Global X filed with the SEC for spot Bitcoin exchange-traded funds in June and August 2021.

The litigation process between the SEC and Ripple has been ongoing for more than a year.

It has been stated that the US Securities and Exchange Commission (SEC), which has recently wanted to strictly monitor various areas of cryptocurrencies, especially decentralized finance, now aims to bring some rules and regulations in this area for investment companies and investment advisors.

With the ongoing lawsuit with Ripple, the US Securities and Exchange Commission (SEC) now seems to have targeted the NFT sector in the crypto industry.

Joseph Hall is of the opinion that the SEC is not yet equipped to handle litigation in cases involving cryptocurrencies as securities, which makes it difficult to win a case against Ripple.