The Securities and Exchange Commission issued guidance on Thursday saying it does not view most meme coins, which are crypto tokens that originated from memes, as securities under United States federal law. As a result, the SEC says it does not believe people who purchase or hold meme coins are protected by federal securities law,…
Category: SEC
Crypto, Fintech, Global IT News, Global Security News, Government & Policy, Robinhood, SEC
The SEC will not sue Robinhood over crypto
Robinhood on Monday said that the SEC has closed its investigation into Robinhood’s crypto unit and will not pursue action. This follows Coinbase saying on Friday that the SEC has dropped its lawsuit against it. The SEC, under former chair and crypto hawk Gary Gensler, was looking into a number of crypto exchanges over how…
Global IT News, Global Security News, IPO, SEC, Transportation, turo
Turo scraps plans for an IPO
Turo on Thursday withdrew its plans for an IPO, ending a three-year wait to bring the online car-sharing network to the public marketplace, according to a regulatory filing. Turo, which was founded in 2010, allows private car owners to rent out their vehicles through the startup’s website or app. The company — sometimes described as…
Elon Musk, Global IT News, Global Security News, Government & Policy, SEC, TC, Twitter, twitter/x
SEC sues Elon Musk for allegedly failing to disclose Twitter acquisition on time
The Securities and Exchange Commission filed a lawsuit against Elon Musk on Tuesday over an alleged securities violation relating to his acquisition of Twitter, now called X. The SEC claims Musk failed to disclose his 5% ownership stake of Twitter in a timely manner, violating federal securities law, according to a complaint filed in federal…
Fintech, Global IT News, Global Security News, Robinhood, SEC, TC
Robinhood agrees to pay $45M in SEC settlement
Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation that it was hacked “with…
Exclusive, femtech, Global IT News, Global Security News, SEC, Swizzle Fund, Venture, Women's Finance
Swizzle Fund raises $5M for inaugural fund addressing women’s health and wealth
There is a new venture fund in town. Swizzle Fund, founded by Jessica Kamada, former COO of the marketing agency Bamboo, has raised just a little more than $5 million for its Fund I, according to an SEC filing. There was no target raise amount. The firm, which quietly opened in 2023, is an early-stage…
Exclusive, Fundraising, Global IT News, Global Security News, Lerer Hippeau, SEC
Lerer Hippeau files to a raise Fund IX
Lerer Hippeau, one of New York’s most prolific and A-list VC firms, has filed to raise its ninth fund, according to an SEC filing made Wednesday. © 2024 TechCrunch. All rights reserved. For personal use only.