SEC
SEC May Appeal Ripple Case, Deaton: “Waste of Taxpayer Money”
The U.S. Securities and Exchange Commission (SEC) may appeal Judge Analisa Torres’s July 2023 ruling in the Ripple case, according to reports. Fox Business correspondent Eleanor Terrett detailed on X...
Crypto Market Could Boom with Gensler’s SEC Exit, Says Mark Cuban
Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), is facing uncertain prospects, according to a recent post on X (formerly Twitter) by TV personality and entrepreneur Mark Cuban....
TUSD Case Settled: TrustToken, TrueCoin Pay Up to the SEC
The Securities and Exchange Commission (SEC) has settled charges it had leveled against Trust Token and TrueCoin, the California-based companies accused of defrauding users with the TrueUSD (TUSD) stablecoin. Both...
SEC Faces Backlash Over Alleged Misconduct in Ripple Case
Although Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC) has concluded, it continues to attract attention. Prominent attorney John Deaton recently claimed SEC lawyers engaged in intentional...
SEC Approves Bitcoin Options on BlackRock ETF: Market Reacts
The U.S. Securities and Exchange Commission (SEC) has given the go-ahead for options on the BlackRock Bitcoin Exchange Traded Fund (ETF). Sasha Hodder, a cryptocurrency lawyer, announced the news, highlighting...
Bank of New York Wins SEC Approval to Hold Bitcoin, Crypto Surges
The Bank of New York (BNY) has received a variance by following the SEC’s Staff Accounting Bulletin No. 121 (SAB 121) guidelines, according to the host of the Thinking Crypto...
DeFi Education Fund CLO: Positive Crypto Sentiment is on the Rise
DeFi Educational Fund’s Chief Legal Officer Amanda Tuminelli believes the sentiment toward cryptocurrencies is getting better, with more people feeling positive about the technology. Tuminelli shared this view during a...
Bitcoin Surges as U.S. Congressman Accuses SEC of Obstructing Adoption
U.S. Congressman Warren Davidson has strongly condemned SEC Chair Gary Gensler, arguing that the SEC intentionally obstructs the ability to hold Bitcoin. Davidson pointed out the huge consumer interest in...
Consensys’ SEC Challenge Fails: Texas Court Dismisses Lawsuit
A Texas court has dismissed the lawsuit brought by the blockchain software company Consensys challenging the SEC’s alleged regulatory overreach. The court’s decision comes after the SEC dropped its investigation...
Coinbase vs. FDIC: Court Orders Agency to Disclose Crypto Crackdown Docs
Coinbase’s legal battle against the FDIC’s alleged crackdown on crypto has had much progress. As noted by Coinbase’s Chief Legal Officer, Paul Grewal, the court has directed the FDIC to...
Robinhood’s CLO Criticizes SEC’s ‘Scorched Earth’ Approach to Crypto
Dan Gallagher, Robinhood’s Chief Legal Officer and a former SEC Commissioner, testified before the U.S. House Financial Services Subcommittee on Digital Assets. Wherein, he criticized the “scorched earth” approach the...
Celsius Founder Fights Fraud Charges, Faces 115-Year Sentence
Celsius founder and former CEO Alex Mashinsky is seeking testimonies from six former employees in his legal fight against fraud charges. These charges carry a potential 115-year prison sentence for...
SEC Strengthens Case Against Binance, Focuses on BNB and Token Listing
The U.S. Securities and Exchange Commission (SEC) has filed an amended complaint in its ongoing lawsuit against Binance, focusing on the exchange’s listing process and other key areas. This follows...
SEC Commissioners to Face Congress: Crypto Regulation in Spotlight
The five Commissioners of the United States Securities and Exchange Commission (SEC) are set to testify before the US House Committee on Financial Services, chaired by Representative Patrick McHenry of...
SEC’s ‘Weird Way’ to Regulate Crypto Draws Criticism from Crypto Lawyer
Prominent lawyer focused on cryptocurrencies, James Murphy, also known as MetaLawMan across his social media handles, took shots at the United States Securities and Exchange Commission (SEC) for its “weird”...
SEC Loosens SAB 121 Rules, Paving the Way for Banks to Enter Crypto Custody Market
The U.S. Securities and Exchange Commission (SEC) has provided new guidance that could allow banks to offer crypto asset custody services without adhering to strict accounting requirements under Staff Accounting...
Confusion Grows as SEC Flip-Flops on ‘Crypto Asset Securities’
The U.S. Securities and Exchange Commission (SEC) has come under fire once again for its inconsistent terminology concerning crypto regulation. As highlighted by Eleanor Terrett, Fox Business reporter, the SEC...
Ripple Case Exposes SEC Confusion as XRP Awaits Key Ruling
Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) continues to make headlines as a crucial ruling is expected soon. Ripple’s chief legal officer, Stuart Alderoty, pointed out...
Kraken Demands Jury Trial in SEC Showdown, Stakes High for Crypto
U.S.-based exchange Kraken has requested a jury trial in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). This move comes after a California judge ruled that...
ETH Transactions Free from SEC’s Clutches? Coinbase CLO Raises Intrigue!
Coinbase Chief Legal Officer Paul Grewal has called out the Securities and Exchange Commission (SEC) for what he perceives as inconsistent treatment of cryptocurrencies, particularly in comparison to Ether. In...
eToro Pays $1.5M SEC Fine, Limits US Crypto Trading to BTC, BCH, ETH
eToro USA LLC has agreed to pay a $1.5 million penalty to the Securities and Exchange Commission (SEC) to resolve charges related to operating as an unregistered broker and clearing...
Coinbase vs. SEC & FDIC: ‘Intrepid Detective’ Grewal Digs Deeper
Coinbase and its chief legal officer, Paul Grewal, have been investigating the US SEC and FDIC’s actions towards the crypto industry. James Murphy, a prominent crypto voice known on X...
Caroline Ellison Seeks Leniency in FTX Case, Citing Cooperation in Trial
Caroline Ellison, Sam Bankman-Fried’s former partner and ex-CEO of Alameda Research, is seeking leniency in the FTX collapse case. She argues that her cooperation during the trial, including three days...
DeFi Takes Center Stage in First-Ever Congressional Hearing
Jake Chervinsky, a lawyer, expressed his emotions after the first-ever Congressional hearing on decentralized finance (DeFi). He highlighted the significance of DeFi’s rise from a handful of projects to now...
SEC Crypto Crackdown: $4.7 Billion in Enforcement Actions This Year
The U.S. Securities and Exchange Commission (SEC) has ramped up its enforcement efforts against crypto firms in 2024, collecting $4.7 billion in fines—a massive 3,018% increase from the previous year....
