“I’m selling roofs,” Mooney told The Atlanta Journal-Constitution on Thursday. “I’m a disabled vet from the Marine Corps.” Mooney said the majority of his clients who invested in Woods’ private equity fund, Horizon Private Equity III, got their money back. He said his clients included friends and fellow veterans. Grimberg said Mooney expressed remorse to his former clients and explained his diminished finances during a February court hearing in Atlanta.

The U.S. Securities and Exchange Commission is looking to reset its relationship with the crypto industry, even before a permanent chair is confirmed by Congress. The latest effort was Friday's roundtable, hosted at the SEC's headquarters in Washington, D.C. and featuring a dozen attorneys representing different views and positions within the crypto industry. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.

Welcome to ETF IQ, a weekly newsletter dedicated to the $14 trillion global ETF industry. I'm Bloomberg News reporter Emily Graffeo, filling in for Katie Greifeld . The bevy of asset managers that have asked the SEC for permission to create ETF share classes of mutual funds may soon be getting an answer, at least judging by a positive signal this week from Acting Chair Mark Uyeda. “More than two years have passed since the most recent set of exemptive applications for ETF share class relief was filed. I have...

There will soon be a new Wall Street sheriff in Washington – after all the gunsmoke clears out on Capitol Hill, that is. Paul Atkins, a long-time securities lawyer, is expected to pass his confirmation hearing next week as Donald Trump’s chair of the Securities and Exchange Commission. Nevertheless, my sources with ties to both parties say he faces a potentially noisy proceeding over his pro-crypto stance, and how he will carry out Trump’s plans to deregulate a sector that took intense heat during the Biden years. The problem with...

The U.S. Securities and Exchange Commission (SEC) under a new leadership on Thursday clarified its stance on Proof-of-Work (PoW) mining operations, saying "mining activities" as defined in its statement do not need to register with the Commission, effectively removing them from the list of activities subject to securities laws. The Wall Street regulator went into detail on its views around cryptocurrency mining, and reiterated that PoW mining, which involves miner validation, does not fall under the registration requirements of the Securities Act.

The legal documents were delivered to a SpaceX facility in Texas. Elon Musk served by the SEC earlier this month, filing says A representative of the Securities and Exchange Commission served Elon Musk earlier this month with a copy of a complaint alleging he misled investors when he bought millions of dollars in Twitter stock in 2022, according to a court filing on Thursday. An employee of a Virginia-based process server delivered the SEC complaint to Musk at SpaceX's Starbase facility in Brownsville, Texas, on March 14, according to a...

• The U.S. SEC confirms that Proof-of-Work (PoW) mining activities do not fall under securities regulations, providing regulatory clarity for miners. • Despite adding 1.7% in market cap, major PoW assets like Bitcoin and Dogecoin posted losses as investors rotated funds into lower-cap PoW altcoins. • Lower-cap PoW coins led gains with Nexa, Lightning Bitcoin, and Metaverse ETP outperformed all top 10 ranked PoW assets. On Thursday, the U.S.

Proof-of-work cryptocurrency mining does not trigger federal securities laws, according to a Thursday staff statement from the U.S. Securities and Exchange Commission (SEC) which told mining operators they do not need to register their transactions with the regulator.

Ripple said the US Securities and Exchange Commission case against the crypto company has ended, the latest of several enforcement actions that have been abandoned during the early weeks of President Donald Trump’s administration. The agency has dropped its appeal of a previous ruling, Chief Executive Officer Brad Garlinghouse said in a post on X on Wednesday. A spokesperson for the firm confirmed the comments. A spokesperson for the SEC didn’t immediately respond to a request for comment. The securities regulator has dismissed or paused several other legal cases and...