SEC
SEC Backs Down on Ethereum, but ConsenSys Isn’t Backing Out
The Securities and Exchange Commission has ended its investigation into Ethereum, a major win for the cryptocurrency ecosystem. However, software firm ConsenSys, a key player in the Ethereum space, has...
Binance US Hit With Another License Revocation in North Dakota
North Dakota has become the latest state to revoke Binance US’s license to operate as a money transmitter, citing compliance failures and the legal troubles of its founder, Changpeng Zhao....
Nigerian SEC Issues Warning on Davido-Linked Meme Coin $DAVIDO
The Nigeria Securities and Exchange Commission (SEC) has issued a warning against investing in $DAVIDO, a meme coin linked to Nigerian musician David Adeleke, also known as Davido. The warning,...
Terraform Precedent: SEC Challenges Ripple’s Fine Appeal
In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission, the regulator has responded to Ripple’s challenge regarding the proposed $2 billion fine. The SEC’s response,...
SEC Chair’s Stance on Crypto Could Impact Biden’s Re-election Bid
Billionaire investor and cryptocurrency advocate Mark Cuban has warned that the Securities and Exchange Commission’s aggressive regulatory approach, spearheaded by Chairman Gary Gensler, could jeopardize President Joe Biden’s re-election bid....
Terra’s $4.5 Billion Fine: A Warning Shot to Crypto Fraudsters
In a decisive move against fraud in the cryptocurrency sector, a federal judge has approved a $4.5 billion settlement between the Securities and Exchange Commission and Terraform Labs, along with...
Ripple Slams SEC for ‘Unreasonable’ Penalties, Cites Terraform Precedent
Ripple Labs has accused the Securities and Exchange Commission of pursuing disproportionately harsh penalties against the company compared to other crypto-related cases. In a recent filing, Ripple cited the recent...
Crypto Community Divided Over Crenshaw’s Return to SEC
President Joe Biden’s renomination of Caroline Crenshaw for a second term as a U.S. Securities and Exchange Commissioner has sparked mixed reactions from the cryptocurrency community, with some fearing a...
Ethereum ETFs: ProShares Latest to Seek SEC Approval
ProShares has filed an application for an Ethereum Exchange-Traded Fund (ETF), the latest move in a flurry of activity that signals growing mainstream acceptance of cryptocurrencies. The Securities and Exchange...
Ripple’s Former Director Urges Firm To Begin Investing in New Companies
Ripple’s ex-director urged the firm to invest in another company. The former director advised the FinTech firm to embark on a reinvestment campaign. Ripple recently secured new partnerships across different...
Regulatory Showdown: ASA Takes SEC to Court Over FOIA Compliance
The American Securities Association (ASA) filed a lawsuit against the Securities and Exchange Commission (SEC) for alleged lack of transparency. The lawsuit underscores the ASA’s frustration over the SEC’s opaque...
US Appeals Court Rejects SEC Rules on Private Fund Disclosures
The Fifth Circuit Court of Appeals struck down U.S. Securities and Exchange Commission rules requiring private fund advisers to provide detailed disclosures to investors. The ruling, issued Wednesday, impacts the...
Can XRP Break Out of Its Slump? All Eyes on Crypto Regulations
The cryptocurrency sector is on the verge of potentially transformative global regulatory developments, with Ripple and its associated cryptocurrency, XRP, at the center of this evolving narrative. Clearer regulatory frameworks...
Mastercard and Visa Payments Return After a Hiatus on Binance
Binance has announced the reinstatement of crypto payment services through Mastercard and Visa. Binance revealed this decision via a recent X post, stating, “Use Mastercard, Visa, or SEPA for bank...
SEC Salt Lake Office Shut Down: Coinbase Lawyer Slams “Attrition” Claim
The U.S. Securities and Exchange Commission (SEC) has announced the closure of its Salt Lake Regional Office (SLRO), citing “significant attrition.” This decision follows a court ruling against the SEC...
Thailand Embraces Bitcoin: First ETF Approved for Wealthy Investors
Wu Blockchain reported on X that the Securities and Exchange Commission, Thailand, approved One Asset Management (ONEAM) to launch Thailand’s first Bitcoin ETF. This exchange-traded fund (ETF) targets wealthy and...
Terraform Labs Settles SEC Fraud Charges, LUNA Price Surges
Cryptocurrency advocate James “MetaLawMan” Murphy believes the reported settlement between the U.S. Securities and Exchange Commission and Terraform co-founder Do Kwon is a positive development. According to Murphy, the proposed...
Ethereum Whales Go on Buying Spree After SEC Greenlights Spot ETF
The SEC’s approval of the Ethereum Spot ETF on May 24, 2024, has triggered increased movement of ETH holdings across crypto exchanges. As reported by Cryptoquant, approximately 800,000 ETH valued...
SEC’s Regulatory Policies Destroy the Crypto Industry: Coinbase
Coinbase slams the SEC, claiming that its regulatory policies destroy the crypto industry. The platform asserts that the SEC hasn’t taken the initiative to frame convenient regulatory policies. The exchange...
Ripple CEO Confident Over Proposed Stablecoin Despite The SEC’s Criticism
JackTheRippler shows confidence in Ripple’s proposed stablecoin. he RLUSD will be pegged 1:1 by the U.S. Dollar. The influencer believes the stablecoin would make XRP the bridge to other digital...
Ripple CEO Calls Out Biden’s Crypto Veto
Ripple’s CEO, Brad Garlinghouse, shared his opinions about recent developments in the crypto industry. In a recent interview, Garlinghouse told CNBC’s MacKenzie Sigalos, “It is a magical time to be...
SAB 121: Biden Intervenes, Vetoes Congressional SEC Guidance Resolution
U.S. President Joe Biden vetoed a joint resolution by Congress that would have repealed the SECs Staff Accounting Bulletin 121 (SAB 121). Announcing his veto on Friday, Biden said he...
Terraform Labs CEO Do Kwon Settles with SEC; LUNA Price Soars
Terraform Labs and its CEO, Do Kwon, have reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC) over fraud charges. This development follows a jury verdict in...
SEC Issues Investor Alert on Crypto Asset Scams
The U.S. Securities and Exchange Commission (SEC) has issued an Investor Alert highlighting fraudsters’ methods to lure victims into scams involving crypto asset securities. This alert from the SEC’s Office...
Ripple Invests $50 Million in Pro-Crypto PAC Ahead of 2024 Elections
Ripple has pledged an additional $25 million to Fairshake, a crypto-focused Super Political Action Committee, aimed at supporting crypto-friendly congressional candidates in the upcoming 2024 elections. This follows Ripple’s initial...
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