Coinbase is pushing back against a fresh legal challenge from Oregon Attorney General Dan Rayfield, according to an April 18 statement. In a post on social media platform X, Paul Grewal, Coinbase’s chief legal officer, called it a “copycat case” that mimics the US Securities and Exchange Commission’s (SEC) now-dismissed lawsuit against the exchange. According […]
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Canary Capital is looking to get the SEC's sign-off for an ETF that would track the Tron token TRX and has a staking component.
Oregon's Attorney General lodged a lawsuit against Coinbase similar to federal charges that were dropped a few months ago.
XRP is making headlines this month as whale activity surges across the network. In a surprising twist, reports indicate that XRP whales have dumped more than $700 million worth of tokens just this April. This sudden shift in whale behavior raises the question of what these big players are really up to. XRP Whales Offload 370 Million Tokens In April On April 15, prominent crypto analyst Ali Martínez reported on X (formerly Twitter) that XRP whales have begun dumping the popular cryptocurrency in large volumes. Following a period of substantial token accumulation, these large-scale investors have sold over 370 million XRP since the beginning of April. Related Reading: Trump-Powered Rally Triggers Heavy Dumping From XRP Whales, Here’s How Much Notably, this massive whale sell-off amounts to over $700 million, triggering a wave of speculation about the intentions behind this move. More interestingly, the XRP dumps appear to align with recent price fluctuations, as whales tend to heavily influence market dynamics, especially during a downturn. The Santiment chart provided by Martinez reveals a clear trend, from April 3 to 14, 2025, that XRP wallets holding between 100 million to 1 billion tokens have drastically reduced their holdings. As this large-scale whale dumping progressed, the XRP price dropped to new lows around April 8 and then began a steady climb, reaching $2.1 at the time of writing. While the reason behind such large-scale exits is unclear, a few plausible explanations exist. Whales might be capitalizing on earlier price gains to lock in profits while the market conditions for XRP remain relatively stable. These investors could also be responding to heightened market volatility, pushing them to shift their holdings into alternative assets to hedge risks and safeguard against losses. Another possibility is that these big players are selling tokens between wallets or transferring them to exchanges in anticipation of a significant event — perhaps the final legal decision between Ripple and the United States Securities and Exchange Commission (SEC). In less optimistic scenarios, such coordinated whale activity, which tends to influence prices, may be indicative of market manipulation, often aimed at achieving strategic gains. Although it’s uncertain whether the above motives are driving recent whale dumps, one thing is clear: large-scale XRP movements always warrant close attention. With XRP now hovering around $2, the market waits to see just how these sell-offs will influence the future price of the cryptocurrency. Update On Latest XRP Price Action According to crypto analyst Andrew Griffiths, the current XRP price analysis indicates a notably bullish trend. This momentum emerged after the cryptocurrency surpassed two key resistance levels and established a solid support level, signaling a potential upward movement. Related Reading: XRP Price Reversal Toward $3.5 In The Works With Short And Long-Term Targets Revealed As a result, the analyst predicts that XRP could record a massive gain of over 20% in the coming weeks. With the token currently trading at $2.10, a 20% increase would bring it to approximately $2.589. Based on the upward trajectory within the Ascending Channel seen on the price chart, the analyst predicts that XRP could climb as high as $3.3. Featured image from Pixabay, chart from Tradingview.com
Crypto lobbyists also dropped a lawsuit against the IRS.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
NFT collection CyberKongz says the SEC has shut its investigation, marking the latest probe ended by the agency since Trump took office.
Trump family's crypto ventures — including a planned stablecoin launch — could stall crypto regulatory advancements, according to TD Cowen.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
May 22 is the next important date to watch as the SEC must respond to Grayscale's spot XRP ETF filing by then.
The regulator delayed two important decisions until June.
The regulator aims to make a decision regarding rule changes to allow these funds in the coming weeks, according to documents on Monday.
The judge in the case granted the parties' last joint request for a 60-day pause back in February, citing ongoing work by the SEC's crypto task force.
After a long legal fight, Empower Oversight received a report from the SEC’s Office of Inspector General. The report investigated whether former SEC official William Hinman had a conflict of interest when he said Ethereum was not a security. At the time, Hinman was still getting payments from his former law firm, which was linked …
The parties previously asked a judge to pause the case for 60 days.
The SEC weighs its options on how to regulate the trading of digital assets, diverging significantly from the agency's previous approach.
The filing signals a possible end to a high-profile dispute that has gripped the payments upstart industry since December 2020 for its sale of XRP tokens.
Ripple and the SEC have reached an agreement-in-principle, and are waiting for approval from the Commission.
As part of the settlement agreement, the SEC agreed to drop its claims that three of Nova Labs’ tokens, including the native HNT token, were securities.
The SEC staff statement was based on observations about previous disclosures, the agency said.
Nova Labs, the creator of the Helium Network, said the U.S. SEC has dropped its claims that the firm sold unregistered securities.
The Senate voted to confirm President Trump's pick for SEC Chair, Paul Atkins, who is expected to embark on creating a regulatory framework for crypto.
OpenSea lawyers argued the NFT marketplace does not qualify as an exchange or broker under federal securities laws.
The SEC has approved options trading on spot Ethereum exchange-traded funds for BlackRock, Grayscale and Bitwise.
Lawmakers are escalating their efforts to draft legislation to regulate crypto, while some raised concerns of moves to cut crypto enforcement.
The SEC intends to host a round table with Coinbase and other crypto legal rivals, and Ripple plans to acquire Hidden Road for $1.25 billion.
A commissioner's disapproval of the SEC's statement that stablecoins are not securities could pose a challenge to bills, TD Cowen said.
The SEC will hold a crypto roundtable on Friday featuring panelists from Coinbase, Cumberland DRW and Uniswap Labs.
Galaxy Digital plans to redomicile in Delaware and list shares on Nasdaq after May 9 shareholder vote.
This review is part of efforts to ease regulatory pressure on the digital assets sector and may lead to new regulatory frameworks.