The agency has adopted a more crypto-friendly stance, recently dropping cases against major crypto firms such as Coinbase and UniSwap.
The case kicked off in June 2023 when the SEC sued Coinbase, two years after the top U.S.-based cryptocurrency exchange went public
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Gemini co-founder Cameron Winklevoss has urged the US Securities and Exchange Commission (SEC) to compensate the crypto exchange for its legal expenses and dismiss officials involved in its now-closed investigation. On Feb. 26, Winklevoss disclosed that the SEC had officially dropped its investigation into Gemini without filing charges. The exchange later confirmed this, noting that […]
The post Gemini’s Winklevoss demands triple legal costs from SEC after dropped investigation appeared first on CryptoSlate.
In a Wednesday X post, the co-founder and president of Gemini suggested the SEC publicly fire all staff members involved in the investigation.
SEC, Justin Sun, Tron Ask Court to Pause Fraud Case Over 'Potential Resolution'
In recent days, the SEC has withdrawn cases against Coinbase, OpenSea, Robinhood and UniSwap and entered talks with Justin Sun.
The SEC and crypto entrepreneur Justin Sun are looking into potentially resolving its case involving fraud.
The SEC won’t be giving up on enforcing crypto regulations, but what it focuses on will be different, writes a former head of the SEC’s crypto unit.
Uniswap celebrated the news on X, calling it a “huge win for DeFi.”
As part of his Cardano price prediction, crypto analyst CobraVanguard has revealed what needs to happen for ADA to never drop below the $0.8 level again. This comes amid the US SEC’s acknowledgment of Grayscale’s Cardano ETF filing, providing a bullish outlook for the crypto. How The Cardano Price May Never Drop Below $0.8 Again In a TradingView post, CobraVanguard noted that the Cardano price continues to move well within the wedge. The analyst claimed that if this wedge is broken, then market participants will no longer see ADA below $0.80. The analyst’s accompanying chart showed that a break above could see Cardano reclaim the $1 psychological price level. Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown This bullish outlook for the Cardano price comes as the US Securities and Exchange Commission (SEC) acknowledged Grayscale’s Cardano ETF filing. An ETF is bullish for the ADA price as it will attract institutional investors and drive more inflows into the coin’s ecosystem, which could spark a rally to new highs. However, in the meantime, the Cardano price looks to be in bearish territory, as it has declined alongside the broader crypto market. ADA is currently below the $0.8 price level, which could represent a great buying opportunity, especially if the crypto eventually never sees this price level again, as CobraVanguard predicted. Regarding the short-term bearish outlook for the Cardano price, crypto analyst CryptoBusy also noted that ADA is barely clinging to its 0.5 Fibonacci support level. The analyst added that a breakdown below this Fib support could lead to a straight drop to the $0.618 price level. CryptoBusy suggested that this breakdown will likely happen as ADA is facing significant selling pressure. A Mega Bounce Is Coming For ADA In an X post, crypto analyst Sebastian told market participants to get ready for a mega bounce for the Cardano price after this market downtrend. In another post, he remarked that the worst time to sell is right now. He added that in a month, market participants will wish they had bought more. According to him, the market is a game of emotions and the more people capitulate, the higher prices will go eventually. Related Reading: Possible Deep Correction Could Push Cardano Price To $0.43, Here’s How Meanwhile, crypto analyst Ali Martinez recently noted that the most critical support zone for the Cardano price is between $0.67 and $0.80. He remarked that as long as this level holds, ADA’s bull run remains intact. His accompanying chart showed that ADA could still reach its current all-time high (ATH) of $3.10 and possibly surpass this price level in this market cycle. At the time of writing, the Cardano price is trading at around $0.65, down over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
The SEC has been making moves to re-evaluate its approach to regulating crypto after years of a "regulation by enforcement" approach.
The prior rise in memecoin activity was driven by a pushback against the regulatory crackdown on utility token and NFT projects, they said.
Robinhood announced that the SEC has closed its investigation into the company's crypto division without pursuing enforcement action.
Investors are cautious amid uncertainty around trade tariffs, inflation and monetary policy, Head of Research James Butterfill said.
The regulator’s decision comes after Coinbase said the SEC will vote on a deal to abandon its enforcement case against it.
OpenSea said the U.S. Securities and Exchange Commission has ended its investigation of the NFT marketplace, according to Bloomberg. Earlier this month, the organization released a beta version of its OS2 platform and confirmed plans for a SEA token airdrop, which will be available to U.S. users. The move comes shortly after the SEC decided […]
A bipartisan challenge to the SEC's exclusion of staking from ETPs is an essential step to maintaining America’s competitiveness in the digital asset markets.
Franklin Templeton is looking to include staking in its proposal to the U.S. SEC for a Solana exchange-traded fund.
The makeover of the U.S. Securities and Exchange Commission appears to be well underway following news that the agency plans to dismiss its years-long case against Coinbase.
The agency's withdrawal of the lawsuit could boost crypto prices, marking a milestone in U.S. regulatory oversight for the digital asset industry.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
More tokens could be added to exchanges, increasing their trading revenue. This might also open the floodgates to crypto firms' IPOs in the U.S.
The potential dismissal would see an end to the alleged securities law violation lawsuit launched against Coinbase in 2023.
The launch follows Hashdex's combo ETF going live last week after both funds were approved by the SEC in December.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The U.S. SEC is creating a new unit within its agency aimed at protecting investors from bad actors in crypto and artificial intelligence.
The SEC filed a motion to dismiss its appeal of a ruling against an effort to expand its securities "dealer rule" on crypto and DeFi users.
U.S. President Donald Trump attributed bitcoin's record highs to his commitment to making "America the crypto capital."
The U.S. SEC is looking for public comments to decide how to move forward with a proposal for an XRP exchange-traded fund.