John Deaton joins Coinbase in SEC appeal with amicus brief
John Deaton, who’s gunning for Elizabeth Warren’s Senate seat, just threw a big move in the legal tangle between Coinbase and the SEC. On April 26, he filed an amicus brief in the U.S. District Court for the Southern District of New York, making a strong play not for Coinbase directly, but for 4,701 of […]
SEC Sues Bitcoin Miner Geosyn for $5.6M Fraud
The SEC has commenced legal action against Geosyn Mining, LLC, and its founders, Caleb Joseph Ward and Jeremy George McNutt, alleging that they defrauded investors of $5.6 million. SEC sues Geosyn mining According to a filing on April 24, the SEC sued Geosyn in a Texas federal court for raising about $5.6 million from over […]
ConsenSys sues SEC and demands ETH be classified as non-security
ConsenSys has officially thrown down the gauntlet, filing a lawsuit against the U.S. Securities and Exchange Commission (SEC). Their beef? They’re slamming the SEC for what they claim is an “unlawful seizure of authority” over Ethereum. This isn’t just a scuffle over technicalities — it’s a full-on battle to keep Ethereum free from the clutches […]
Spot Ethereum ETFs face rejection amid unfavorable SEC meetings
The U.S. Securities and Exchange Commission (SEC) seems poised to reject several applications for Ethereum ETFs (exchange-traded funds), according to a recent report by Reuters. In recent weeks, conversations between U.S. issuers and the SEC have leaned heavily towards a negative outcome. Key players in the market, such as VanEck and ARK Investment Management, alongside […]
Ripple and SEC face off over Multi-Billion dollar fines
The Ripple FinTech company is making a bold move in the market. While fighting the U.S. Securities and Exchange Commission (SEC) in court, they proposed a $10 million cover for the legal charges. However, the SEC’s demand is considerably higher than the punishment of $1.8 billion. Ripple is the latest to join this ongoing legal […]
SEC releases guide for elderly investors on protecting assets
The Securities and Exchange Commission (SEC) recently issued a comprehensive guide tailored for elderly investors, outlining critical strategies to protect their assets through various stages of aging. This guidance, aimed at fortifying financial health, covers a wide range of topics from basic investing principles to detailed steps for safeguarding against fraud. Investment Basics and Vigilant […]
SEC pursues over $5 billion penalty against Do Kwon and Terraform Labs
The SEC is going after Terraform Labs and its co-founder Do Kwon big time. After a verdict slammed them with guilt, the SEC filed for a whopping $5.2 billion in penalties. This isn’t just chump change; we’re talking about a $4.7 billion disgorgement plus $520 million in fines split between Terraform ($420 million) and Kwon […]
Ripple seeks to block SEC expert evidence in court
Ripple has made a motion to bar into evidence new expert resources that the SEC claims to have. These refer to Magistrate Judge Sarah Netburn. This request was directed to Magistrate Sarah Netburn. The timing of events is damaging Ripple’s effective response mechanism. The materials in question here are the SEC remedies brief, which is […]
Two SEC Lawyers Resign Amid Crypto Case Power Abuse Censure
According to a report by Bloomberg on April 22, two attorneys representing the U.S. Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, have stepped down from their positions earlier in the month. Two SEC attorneys resign This development follows a district court’s decision to penalize the agency for its “severe misuse” of authority […]
Pro-Ripple attorney: No settlement talks without fair terms
Ripple Labs has filed a resistance brief that is accompanied by supporting declarations and exhibits in compliance with the United States Securities and Exchange Commission’s (SEC) remedies-related brief. The result of this should be crucial as it will definitely create a difference in the situation between Ripple and the SEC, which might affect the price […]
Ethereum ETF approval unlikely in May, top analyst warns
Nate Geraci, the President of the ETF Store, stated that a “spot Ethereum ETF is not something the SEC would approve by May.” The drought in communication between issuers and investors can be considered a weak selection for approval. Debates about Ethereum ETFs have been predominantly one-sided rather than the vibrant discussions associated with the […]
SEC files amended complaint against Tron founder
In its lawsuit against Tron founder Justin Sun, the SEC has made a change claiming that the defendant has been very active on tour and has visited many parts of the United States. This gives jurisdiction to the country. SEC jurisdiction claims The plaintiff states it has sufficient jurisdiction over Sun, Tron, and other entities […]
Gary Gensler teases resignation, crypto community reacts strongly
Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC), has been posting spicy stuff on social media lately. He tweeted on X, formerly Twitter, that he was going to resign. This post was, at first, very hard for many people to get. Nevertheless, he denied his retirement, which caused a reaction […]
Ripple’s strategic XRP release fuels rumors of SEC settlement
Ripple has unlocked 500 million XRP from escrow in two transactions. The first transaction brought 200 million XRP sold for around 123.63 million dollars, and the second one created another 200 million XRP that cost approximately 183.89 million dollars. But this one is odd since Ripple usually arranges them for the first day of any […]
Coinbase challenges SEC on investment contract definition
Coinbase filed a preliminary appeal against the U.S. Securities and Exchange Commission (SEC). The appeal poses the question of how the SEC construes “investment contract” within the digital asset context. The appeal is made in order to obtain an authoritative court decision that would help define the regulatory environment for cryptocurrencies in the US. Bill […]
Experts weigh in as SEC deviates from past decisions in recent Uniswap action
The US Securities and Exchange Commission (SEC) recently served a “Wells” notice on behalf of Uniswap Labs. This move brings a discussion on the crypto community about the consistency of SEC policies’ enforcement from SEC’s earlier interpretations of what pertains to a decentralized exchange. The crypto market is trying to explore SEC regulations and the […]
CF Benchmarks unveils new Bitcoin volatility index to track crypto price fluctuations
CF Benchmarks has introduced the Bitcoin Volatility Index, enabling the monitoring and trading of Bitcoin price movements projected 30 days into the future. Research on CF Benchmarks and Real-Time Bitcoin Monitoring The Bitcoin Volatility Index by CF Benchmarks serves two functions. It could be a store of risk management or a settlement mechanism for multiple […]
Crypto leaders rally behind Uniswap amid SEC regulatory concerns
In a recent development that has raised concerns for the sector of decentralized finance (DeFi), circulating reports indicate that the SEC has issued a Wells notice to Uniswap, the top exchange for decentralized trading platform. The post, which Uniswap’s founder Hayden Adams published on April 10, 2024, is a reminder that the agency could become […]
Uniswap braces for SEC legal battle, UNI token tumbles
Uniswap, a decentralized exchange, is going to be subjected to the U.S. Securities and Exchange Commission (SEC) inquiry, as they have recently received a Wells notice from the SEC. The subject line of this notice informs the company that it has been given a warning that it is about to face enforcement action from the […]
SEC delays ruling on these two Bitcoin ETF options
The Securities and Exchange Commiision (SEC) has extended the deadline because of its decision on the New York Stock Exchange (NYSE) program to provide options trading on Bitcoin ETFs. This particular delay impacts several options for trading on several Bitcoin ETFs, including the Bitwise Bitcoin ETF (BITB) and Grayscale Bitcoin Trust (GBTC). The SEC delayed […]
Coinbase hit with revived lawsuit over unregistered digital assets
The 2nd US Circuit Court of Appeals allowed the class action suit against Coinbase to continue. In this complaint, the cryptocurrency exchange is being sued for selling or soliciting 79 digital assets that have not registered with the US Securities and Exchange Commission (SEC). However, the designated court confirmed Judge Paul A. Engelmayer’s initial arrest […]
Binance and SEC close to settlement after discovery phase
The legal battle between the U.S. Securities and Exchange Commission (SEC), Binance (and its American arm), and its founder, Changpeng “CZ” Zhao, is about to enter a critical region. Both sides on the defensive are closing in on the discovery and depositions stage. This joint report that they submitted to the court today indicates that […]
SEC opens comment period for Ether spot ETF proposals
The Securities and Exchange Commission (SEC) has initiated a three-week comment period for three proposed ether spot exchange-traded fund (ETF) applications. The ETF proposals are associated with Grayscale Investments, Fidelity, and Bitwise, marking a significant development in the regulatory landscape of cryptocurrency investments. Regulatory review underway The SEC’s decision to open the comment window amidst […]
Gurbir Grewal Reflected About Efforts of Compliance of Crypto-Industry.
Gurbir Grewal, in a recent address at the annual “SEC Speaks” conference that was held by the U.S. Securities and Exchange Commission (SEC), emphasized the deficiencies of the current cryptocurrency industry’s procedures for implementing compliance. Stating at the event which is conducted by the Practicing Law Institute over two days, he voiced his regards within […]
FTX executives face tough calls for legal action by Better Markets CEO
The CEO of Better Markets, Dennis Kelleher, spoke out harshly against the cryptocurrency sector. To Bloomberg, he called it a “lawless industry” with no justified use. At the backdrop of the FTX default, his comments point to the vulnerability of the sector. The words of Kelleher emphasize the necessity of strict regulatory measures. The emergence […]
Ethereum’s Tim Beiko tackles criticisms over developer influence
Tim Beiko, a key developer within the Ethereum Foundation (EF), recently highlighted significant challenges facing the Ethereum ecosystem. His comments came as a response to criticisms aired by community member Polar, also known as Paul Dylan-Ennis. Polar had expressed concerns over the considerable influence exerted by EF developers. This influence, according to Polar, hampers the […]
SEC commissioner criticizes agency’s approach to crypto regulation
At the recent SEC Speaks event in Washington, D.C., Commissioner Hester Peirce delivered a scathing critique of the Securities and Exchange Commission’s (SEC) approach to regulating the cryptocurrency industry. Peirce, known for her advocacy for the crypto sector, shed light on what she described as the SEC’s “secret garden” of unpublicized regulatory guidance. Lack of […]
Peirce Criticizes SEC’s Crypto Stance: A call for transparency and dialogue
In a rather striking and sensational act that has captivated the financial and crypto saga, Hester Peirce, a Commissioner with the SEC, criticized the agency in relation to crypto regulation. During the event, SEC Speaks, which was organized by the Practicing Law Institute, Peirce was insubordinate in her skepticism towards SAB 121, which she referred […]
Tron challenges SEC in legal battle over TRX and BTT
On the other hand, the Tron blockchain is placed under the same problem as the SEC, which has filed charges against Tron (TRX) and BitTorrent (BTT) tokens over their regulatory status, which has been defied by the SEC. Tron challenged the authority of the SEC not only by stating that the SEC’s regulatory reach does […]
Consensys has come up against SEC on the basis that ETH tracks physical assets
A latest news which has become a great matter for the crypto-currency and regulator communities, collaboratively, is the step taken by Consensys. Consensys is a reputed organization in the domain of blockchain and Web3 software development industry. The SEC’s worries focus on the dangers of fraud and manipulation through Ethereum’s proof-of-stake (PoS), receiving a statement […]
SEC and Empower Oversight settle major crypto lawsuit
A major lawsuit has been settled between the U.S. Securities and Exchange Commission (SEC) and the government watchdog, Empower Oversight. According to Law360, this development puts an end to a bitter litigation fight that revolved around possible conflicts of interest in the SEC’s cryptocurrency enforcement actions. The settlement of these proceedings has sparked conversations within […]
Ripple CLO Stuart Alderoty critiques SEC’s crypto guidance after settlement talk
Following a settlement conference between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) on March 29, Ripple CLO, Stuart Alderoty, voiced concerns on social media platform X. Alderoty lashed out at the SEC for not providing clear regulatory guidance to the cryptocurrency industry despite the SEC stating that the DAO report offered considerable […]
CFTC picks yet another fight with the SEC over KuCoin
Here we go again, folks. It seems like the drama between the United States Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) just got a new episode, and it’s all about KuCoin this time. Caroline Pham from the CFTC threw the first punch by hinting that their latest move on the […]
Grayscale Investments launches exclusive staking income fund for wealthy clients
Grayscale Investments has launched the Grayscale Dynamic Income Fund (GDIC), a unique investment vehicle designed to provide sophisticated investors with access to the income generated by staking cryptocurrency tokens. The fund targets those individuals who have over $1.1 million in assets under management (AUM) or a net worth of more than $2.2 million, demonstrating its […]
Coinbase wallet victory sparks debate on crypto regulation
The decision is regarded as a win for self-custody wallets and decentralized finance (DeFi) applications. The ruling was made by U.S. District Judge Katherine Failla on March 27, stating that the Securities and Exchange Commission (SEC) had failed to prove that Coinbase Wallet was engaged in broker activities. This judgment provides a ray of hope […]
SEC’s Ethereum security classification could open ETH ETF doors, says BlackRock CEO
On the Fox Business Show, the CEO of BlackRock, the $9.1 trillion asset management firm, Larry Fink, talked about the likelihood of an Ethereum exchange-traded fund (ETF). Fink argued that designating Ethereum as a security would be positive for the ETF outlook. His remarks occur as the debate about the regulatory position of cryptocurrencies is […]
So, the SEC just got a win against Coinbase – What do we do now?
Hey! Wake up and smell the legal documents because the SEC just scored a victory against Coinbase, and it is a big blow for all of us. Yes. Sad day indeed. This landmark decision might just shake the very foundations of how crypto platforms operate in the United States. Unpacking the Legal Document So here’s […]
Binance submits extensive docs in SEC compliance effort
In the ongoing legal proceedings between the Securities and Exchange Commission (SEC) and cryptocurrency giant Binance, a new development has emerged. On March 25, Judge Zia M. Faruqui mandated both parties to submit a status report by April 5. This report will detail their progress in expedited discovery and suggest future actions. The directive underscores […]
SEC alleges multi-billion dollar crypto fraud by Terraform Labs and Co-Founder
The civil trial against Terraform Labs commenced in the U.S. District Court for the Southern District of New York, with the United States Securities and Exchange Commission (SEC) launching scathing allegations against the blockchain firm. In the opening statements, SEC attorney Devon Staren characterized Terra as a deceptive enterprise, likening it to a “house of […]
Gary Gensler says he wants to disinfect the crypto industry
Gary Gensler, the big cheese at the United States Securities and Exchange Commission (SEC), is not playing games when it comes to the wild west of the crypto industry. It’s like he walked into a saloon, guns blazing, taking aim at the sneaky varmints trying to dodge the law. At a recent discussion at Columbia […]
