Fidelity Makes Case for Bitcoin ETF With SEC – BeInCrypto

In a recent presentation for the Securities and Exchange Commission (SEC), Fidelity Investments argued the merits of approving its Bitcoin exchange-traded fund (ETF).

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North American BitConnect Head Pleads Guilty to Fraud – BeInCrypto

Glenn Arcaro, head of the North American division of BitConnect, pled guilty in US District Court to conspiracy to commit wire fraud.
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Within BitConnect, Arcaro participated in what prosecutors called a “textbook Ponzi scheme,” which defrauded their investors of over $2 billion.

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Circle Files With SEC to Become Federally-Chartered National Bank – BeInCrypto

The creators of USDC stablecoin have announced plans to become a National Bank and filed with the SEC. 
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According to a post on Circle’s website by Founder and CEO Jeremy Allaire, the company has begun the process of becoming a full-reserve national commercial bank.

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Poloniex Hit With $10M in SEC Fines for Operating Unregistered Crypto Exchange – BeInCrypto

The SEC has agreed with crypto exchange Poloniex on a settlement of more than $10 million. 
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The Securities and Exchange Commission (SEC) announced that Poloniex LLC has agreed to a settlement after being charged with operating an unregistered digital asset exchange.

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SEC Commissioner Advocates ‘Gamifying’ Relations With Investors – BeInCrypto

US Securities and Exchange Commissioner Hester Peirce says the SEC should ‘gamify’ its communications with investors.
Peirce’s comments come in light of SEC Chair Gary Gensler’s stated intentions to regulate cryptocurrencies more strictly.

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SEC Officially Charges Ripple Executives for Unregistered Securities Sale – BeInCrypto

The Securities and Exchange Commission (SEC) has officially announced that it will be seeking charges against Ripple Labs Inc, its co-founder and ex-CEO Christian Larsen, and current CEO Brad Garlinghouse.

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