# SEC Related Articles

HTX News Center provides the latest articles and in-depth analysis on "SEC", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

15 Wallets Made $312,000 Amid Alleged Rug Pull of Trump-Linked GOLD Token

Blockchain analytics firm Lookonchain identified a likely rug pull involving the Solana-based token GOLD. According to their investigation, 15 newly created wallets linked to the project's team sold 224.5 million GOLD for 3,178 SOL, netting approximately $330,000. These addresses had only spent $18,657 to acquire the tokens, yielding a profit of roughly $312,000—a 17-fold return. Suspicions arose due to the extreme concentration of the token supply. Before the sell-off, the developer held 600 million GOLD, and the 15 addresses controlled another 224.5 million. Together, they held 82.45% of the total GOLD supply, prompting Lookonchain to issue a warning. Interest in the token was fueled by promotional posts from the X account @realtrumpcoins1, which claimed a connection to the Trump Organization and was followed by Donald Trump's official account. This created a false impression of an affiliation with the former president or his business. The account posted about GOLD's launch but later deleted those posts. Trump Coins has denied any connection to the GOLD token, stating it was launched by third parties without authorization and is working with authorities to investigate. The incident occurs amid heightened scrutiny of cryptocurrency projects associated with U.S. presidential candidates, following recent calls from senators for an investigation into the TRUMP memecoin.

cryptonews.ru6h ago

15 Wallets Made $312,000 Amid Alleged Rug Pull of Trump-Linked GOLD Token

cryptonews.ru6h ago

Frenzy Over XRP on Nasdaq: SEC Approves Question Concerning XRP! Here Are the Details

Amid rising Bitcoin and altcoin markets, positive momentum is also observed for XRP. In this context, Evernorth, the company managing XRP, has taken a significant step toward listing on Nasdaq via a SPAC merger. The U.S. Securities and Exchange Commission (SEC) has declared effective Evernorth's Form S-4 registration statement for its proposed merger with special purpose acquisition company Armada Acquisition Corp. II. A shareholder vote on the merger is scheduled for September 30, 2026. This development marks a crucial milestone, paving the way for Evernorth to list on Nasdaq. Upon shareholder approval and fulfillment of other closing conditions, the combined company is expected to trade on Nasdaq under the ticker "XRPN" as a treasury company focused on XRP. Evernorth's founder and CEO, Ashish Birla, emphasized the goal of creating a transparent, actively managed XRP treasury that meets public market standards. The company's investors include Ripple, SBI Group, Pantera Capital, Kraken, GSR, and Arrington Capital, with over $1 billion in gross proceeds and committed capital raised.

cryptonews.ru2 days ago 16:01

Frenzy Over XRP on Nasdaq: SEC Approves Question Concerning XRP! Here Are the Details

cryptonews.ru2 days ago 16:01

American Regulator Files Lawsuits Against Multiple Crypto Services

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against several cryptocurrency services for alleged fraud and document falsification. The regulator accuses Quantum Financial Institute of falsely claiming registration as an investment adviser and promoting a multi-level investment system with promises of bitcoin giveaways and "profitable crypto trading strategies." Services named Pinnacle and THEVGPRO are also accused of making false claims about regulatory approval and registration status. Other defendants include platform RBH Infinity Exchange, which announced three tokens "on the theme of health and intellectual property" that are currently worthless. The SEC charged the platform with violating the Investment Advisers Act of 1940 and is seeking administrative fines. The SEC reported difficulties contacting the violators, with many phone numbers disconnected or belonging to other companies, and mailed letters returned. Apexium Securities allegedly claimed to operate from Colorado while using IP addresses from Hong Kong, and the purported office of Web3 University in Colorado Springs was found to be non-existent. This action follows recent SEC proposals for new crypto asset regulations that would allow token issuers to raise funds in the U.S. without full securities registration under certain conditions.

cryptonews.ru2 days ago 13:55

American Regulator Files Lawsuits Against Multiple Crypto Services

cryptonews.ru2 days ago 13:55

SEC Reopens ICO Doors, But Where Are the 'Buyers'?

The SEC has proposed a new framework to revive Initial Coin Offerings (ICOs) in the U.S., allowing crypto startups to raise up to $75 million annually without full SEC registration. However, the market has fundamentally changed since the 2017-2018 ICO boom. Investor enthusiasm has shifted away from speculative new tokens towards established cryptocurrencies like Bitcoin, perpetual futures, and even AI stocks. The proposed rules also come with disclosure requirements and compliance costs absent in the previous era. While some venture capitalists see the move as a positive step for legitimate projects, they note it addresses a problem that was more pressing several years ago. Data shows a sharp, sustained decline in both ICO activity and VC interest in token deals since the peak. Analysts conclude that the era of raising funds based solely on a whitepaper is over, and the new regulatory path does not guarantee investor demand or token value in today's mature and selective market.

marsbit2 days ago 11:55

SEC Reopens ICO Doors, But Where Are the 'Buyers'?

marsbit2 days ago 11:55

Evernorth Clears Hurdle Set by U.S. Securities and Exchange Commission (SEC), Nears Nasdaq Listing Focused on XRP

Evernorth Holdings has announced that the U.S. SEC has declared its registration statement effective, moving the company a step closer to a Nasdaq listing (under the ticker XRPN) via a merger with Armada Acquisition Corp. II. This creates a new regulated public market vehicle for institutional investors seeking exposure to XRP without directly holding the cryptocurrency. The company aims to invest in XRP infrastructure and increase its holdings per share. However, the move comes at a time when the sector for Digital Asset Tokens (DAT) companies is under pressure, with some firms selling assets to fund buybacks and facing unrealized losses. Evernorth itself reportedly faced significant unrealized losses shortly after establishing its XRP position. The deal is pending shareholder approval, with a vote scheduled for September 30, 2026, and an expected close in late Q3 or early Q4 2026.

cryptonews.ru2 days ago 05:33

Evernorth Clears Hurdle Set by U.S. Securities and Exchange Commission (SEC), Nears Nasdaq Listing Focused on XRP

cryptonews.ru2 days ago 05:33

How One Article Moved 45 Billion: The Collapse of a 25-Year-Old 'AI Stock Guru'

This article details the dramatic rise and near-collapse of a hedge fund built by Leopold Aschenbrenner, a 24-year-old former OpenAI researcher. The fund, named Situational Awareness, amassed $45 billion in assets within two years. Its explosive growth stemmed from Aschenbrenner's influential 165-page manifesto predicting AGI's arrival by 2027 and his high-profile Silicon Valley connections. The fund employed an extremely aggressive strategy: high concentration and 400% leverage to bet long on AI infrastructure stocks while shorting legacy software firms. In July, this structure backfired when both sides of the trade reversed simultaneously—AI stocks plunged while shorted stocks rallied—triggering massive losses that nearly wiped out all equity. Major player Jane Street reportedly lost billions. The fund's leveraged public portfolio was ultimately sold at a discount to Citadel. The SEC is now investigating banks like Goldman Sachs for their role in facilitating the fund's high-leverage trades. The article compares this to past blow-ups like Archegos, highlighting systemic failures in risk management where the pursuit of short-term profits overrode due diligence. It questions whether such risky leverage concentrated in the AI sector, currently at record highs, poses a broader systemic threat. Ironically, Aschenbrenner, who studied AI safety at OpenAI, designed a fund structure prone to uncontrolled failure. Days after the crisis, he reportedly raised another $400 million for new investments.

marsbit2 days ago 00:36

How One Article Moved 45 Billion: The Collapse of a 25-Year-Old 'AI Stock Guru'

marsbit2 days ago 00:36

SEC Submits Proposal to White House for Revising Crypto Asset Custody Rules

The U.S. Securities and Exchange Commission (SEC) has submitted a proposal to the White House for revising rules governing the custody of crypto-assets by investment advisers and funds. Dated August 25, 2026, the proposal—known as Amendments to the Custody Rules (RIN 3235-AN46)—has entered review by the Office of Information and Regulatory Affairs (OIRA). The SEC aims to clarify the regulatory framework for crypto-asset custody and modernize certain requirements it deems outdated in light of market and technological evolution. The proposal, classified as economically significant and deregulatory under Executive Order 14192, seeks to alleviate industry burdens by removing redundant rules rather than imposing new ones. This initiative emerges amid Congressional delays in passing the comprehensive Digital Asset Market Clarity Act (CLARITY). SEC Chair Paul Atkins previously indicated the agency would proceed with its own rules if CLARITY stalled. The SEC plans to publish a Notice of Proposed Rulemaking (NPRM) in October 2026, followed by a standard public comment period. The move marks a shift from the post-2008 Madoff scandal era, which spurred stricter custody rules, toward a more flexible approach for crypto markets. However, unresolved technical questions, such as the regulatory treatment of private key custody, remain. The proposal balances industry adaptability against potential risks, as reduced oversight could delay the detection of custody issues.

cryptonews.ru08/27 10:04

SEC Submits Proposal to White House for Revising Crypto Asset Custody Rules

cryptonews.ru08/27 10:04

SEC to Relax Crypto Regulations: Projects Don't Need Full Decentralization, 'Functional' is Enough

The U.S. Securities and Exchange Commission (SEC), led by Commissioner Hester Peirce, has proposed a new regulatory safe harbor for crypto assets. This rule, part of the "Regulation of Crypto Assets," would allow tokens to exit the securities law framework once the underlying project becomes "functional" or decentralized, rather than requiring full decentralization from the start. Currently, tokens are often deemed securities due to the central managerial efforts needed during early development. The proposal addresses this "catch-22" where projects need to distribute tokens to grow but face securities regulations for doing so. The safe harbor grants developers up to four years of temporary exemption from certain securities laws while they build their networks. A key shift is the exit criteria: tokens cease to be investment contracts when the network matures into either a "decentralized" or "functional" state, no longer reliant on a single entity for essential managerial or entrepreneurial efforts. The term "functional" is not strictly defined but appears to be a pragmatic version of decentralization, emphasizing broad community involvement over perfect, Bitcoin-like decentralization. Crucially, the rule permits developers to continue maintaining and improving the network even after achieving this status, as such activities are not considered "essential managerial efforts." This offers a clearer, more feasible compliance path for token issuers. The proposal places the onus on projects to self-certify when they meet the exit criteria, which may incentivize more realistic promises and potentially foster greater genuine decentralization—a core principle the crypto industry has long advocated but often failed to implement.

marsbit08/27 07:24

SEC to Relax Crypto Regulations: Projects Don't Need Full Decentralization, 'Functional' is Enough

marsbit08/27 07:24

U.S. Securities and Exchange Commission (SEC) Sends Revised Crypto Asset Custody Rules to White House for Review

The U.S. Securities and Exchange Commission (SEC) is advancing plans to revise rules for how investment advisers and investment companies must safeguard client assets. The proposed rule, submitted to the White House Office of Management and Budget for review in late August, seeks to provide clarity on how institutions can hold crypto assets for clients while complying with federal securities regulations. According to its regulatory agenda, the SEC aims to amend rules under the Investment Advisers Act and Investment Company Act to address uncertainties around crypto custody. The proposal is part of the Trump administration's broader digital asset agenda, as the CLARITY Act remains stalled in the Senate. Since Chairman Paul Atkins took over in 2025, the SEC has adopted a more crypto-friendly approach, shifting focus from enforcement actions to formal rulemaking, which has led to the dismissal of several major cases, including one against Coinbase.

cryptonews.ru08/26 20:34

U.S. Securities and Exchange Commission (SEC) Sends Revised Crypto Asset Custody Rules to White House for Review

cryptonews.ru08/26 20:34

SEC sends crypto custody rule overhaul to White House for review

The U.S. Securities and Exchange Commission (SEC) has sent a proposed overhaul of its custody rules for investment advisers and funds to the White House for review. The changes aim to provide clearer guidance on how institutions can hold cryptocurrency assets for clients while complying with federal securities laws. The proposal was submitted to the Office of Information and Regulatory Affairs on August 25. Once reviewed, it will return to the SEC for a potential vote to release it for public comment. The move is part of the agency's broader shift under Chair Paul Atkins towards formal rulemaking for crypto, moving away from its previous "regulation through enforcement" strategy. This follows the SEC's dismissal of several high-profile crypto cases in 2025.

cointelegraph08/26 16:31

SEC sends crypto custody rule overhaul to White House for review