The civil trial between the U.S. Securities and Exchange Commission and Terraform Labs entered its tenth day without the attendance of Do Kwon.
Explore the dynamic shifts of crypto winters alongside Ethereum’s pivotal landmarks. Delve into a narrative of resilience, innovation and transformation within the realm of blockchain technology.
Ripple’s Chief Legal Officer Stuart Alderoty has strongly criticized Gurbir Grewal’s, the Director of Enforcement at the Securities and Exchange Commission (SEC), comment about the crypto industry’s compliance efforts. At a recent SEC event, Grewal suggested that the emerging industry was utilizing various methods to evade the financial regulator’s oversight, such as relocating or registering […]
The post Ripple exec slams SEC’s ‘misguided war on crypto,’ demands accountability appeared first on CryptoSlate.
In a fight for regulatory clarity, Ripple Chief Executive Officer (CLO) Stuart Alderoty has fired back at the United States Securities and Exchange Commission’s (SEC) Director Gurbir Grewal’s claims of non-compliance among crypto firms within the cryptocurrency industry. Ripple CLO Slams US SEC’s Directors Remarks During a two-day SEC Speaks event sponsored by the Practicing […]
Many expect the commission to reach a final decision on spot Ether ETFs in May with approval or denial of a filing from VanEck.
Gurbir Grewal claimed that the SEC’s standard for determining what a security is under the Howey test had been “clearly and consistently applied.”
'Crypto Mom' called for more positive engagement with crypto firms and fewer enforcement threats from the SEC.
The TRON Foundation and Justin Sun asked a New York court to dismiss an SEC lawsuit, arguing that the regulator failed to establish that the court has jurisdiction over the foreign defendants.
SBF became the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.
Consensys highlighted that Ethereum boasts a larger developer community than Bitcoin and operates on a fully transparent and public blockchain.
A recent report from Bloomberg has shed light on Binance’s latest efforts to refine its client base. It enhanced the screening process for prime brokerage clients to exclude US-based investors from its platform. This move comes amidst increasing regulatory demands and the exchange’s endeavors to fortify its compliance framework. Related Reading: Binance Investigates 300M BOME […]
Following a recent lawsuit against prominent crypto exchange KuCoin, Caroline D. Pharm, a Commissioner at the Commodity Futures Trading Commission (CFTC) has warned that the agency may be infringing on the Securities and Exchange Commission’s authority in regards to securities trading. This development comes as both financial regulators continue the tussle over the control of […]
Analysts’ optimism on the likelihood of Ethereum Spot Exchange-Traded Funds (ETFs) approval in May is constantly waning, as the once optimistic senior Bloomberg Intelligence analyst Eric Balchunas has lowered his prediction for the products being approved to a mere 25%. Ethereum Spot ETFs Odds Continues To Drop Eric Balchunas, who noted that his chances of […]
On Wednesday, the future of Solana may have been clouded by United States Southern District of New York’s Judge Katherine Polk Failla with her decision against Coinbase’s motion to dismiss. The ruling enables the Securities and Exchange Commission (SEC) to advance its case against the crypto exchange giant. The case centers on allegations that Coinbase […]
The price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities.
Former founder and chairman of Murphy and McGonigle law firm James A. Murphy, also known as MetaLawMan, has delved into the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), offering his perspective on the bigger argument in the case. Bigger Argument Within The Ripple Vs. SEC Case James Murphy revealed […]
On Wednesday, Judge Failla from the Southern District Court of New York denied Coinbase’s motion to dismiss the Securities and Exchange Commission’s (SEC) case against the exchange. The SEC accuses Coinbase of operating as an unregistered exchange, broker, clearing agency, and alleges that its Staking Program engages in the unregistered offer and sale of securities. […]
In a joint effort, Republican lawmakers led by House Financial Services Committee Chair Patrick McHenry and House Agriculture Committee Chair Glenn Thompson have called upon Securities and Exchange Commission (SEC) Chair Gary Gensler to provide further clarification on the agency’s stance regarding the custody of Ethereum (ETH) by Prometheum. The lawmakers, including Representatives French Hill, […]
Coinbase's motion to drop the SEC's case against the exchange was denied in court, allowing the regulator to proceed with its lawsuit.
In an escalation of the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), the regulatory agency has advanced its position by filing a Motion for Remedies and Entry of Final Judgment, which notably includes a request for a $2 billion penalty against Ripple. Fred Rispoli, a pro-XRP lawyer and […]
In a rather shocking development, the United States Securities and Exchange Commission (SEC) has demanded a $2 billion sanction against Ripple. Responding to the startling demands, Ripple’s Chief Executive Officer (CEO), Brad Garlinghouse has taken a firm stance against the agency’s demands, determined to expose the true nature of the SEC. Ripple CEO Criticizes SEC’s Demands Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple recently disclosed in a post on X (formerly Twitter) that the US SEC has petitioned a Judge for $2 billion in fines and penalties against Ripple. According to the Ripple CLO, the SEC is in a relentless pursuit to “punish and intimidate Ripple,” rather than faithfully applying the law. Related Reading: Bitcoin To $50,000 Or $80,000? Crypto Expert Predicts Where Price Is Headed Next Challenging the SEC’s $2 billion penalty, Garlinghouse emphasized that the agency has consistently operated beyond the bounds of law in various enforcement actions. He disclosed that Judges have also taken note of the SEC’s actions, previously admonishing the agency for its extensive abuse of power entrusted to it by Congress. The Ripple CEO also criticized the SEC’s penalty demand, arguing that it lacks precedent and justification, particularly given the absence of any allegations, findings of fraud or recklessness in the case. As a result, Garlinghouse has vowed to expose the SEC for its conduct, emphasizing that Ripple will vigorously respond to the SEC’s action. Notably, Alderoty has disclosed that the company’s legal team will be addressing the SEC’s demands in a filing scheduled for next month. Offering his perspective on the SEC, the Ripple CLO characterized the agency as one “that trades in statements that are false, mischaracterized and designed to mislead.” SEC Actions Hurt XRP Holders The Most In its lawsuit against Ripple, the US SEC accused the payment company of violating securities laws by selling XRP in unregistered securities offering to investors in the US. According to the agency, the company and its executives had allegedly failed to protect its investors, depriving them of adequate disclosures of XRP. However, members of the Ripple community argue that the SEC’s enforcement actions against Ripple have not protected investors but caused even deeper challenges and financial losses for XRP holders. Related Reading: Bitcoin Whales Remove A Staggering $2.3 Billion From Exchanges, Is It Time To Buy? A popular XRP enthusiast, identified as XRPCryptoWolf has asserted that it should be the SEC, not Ripple, paying billions to XRP holders. “The SEC asking for $2 billion in fines and penalties is ridiculous when they’re the ones who financially hurt XRP holders the most. The SEC owes XRP holders tens of billions of dollars,” he stated. The XRP community member disclosed that after the SEC announced its lawsuit against Ripple, approximately $15 billion was wiped out from XRP’s market capitalization, and the token was also delisted from major exchanges. As a result of the lawsuit’s significant impact on XRP’s value, millions of XRP holders experienced financial losses. XRP price at $0.644 | Source: XRPUSDT on Tradingview.com Featured image from Inside Bitcoins, chart from Tradingview.com
The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a nearly $2 billion judgment against Ripple Labs, according to court filings.
The U.S. Securities and Exchange Commission (SEC) is reportedly asking a New York judge to levy a $2 billion judgment against Ripple Labs, according to social media posts from the crypto company’s CEO and chief legal officer on Monday.
The tokens are distributed for free and unasked for, so they’re not securities, according to the suit.
The U.S. Securities and Exchange Commission wants an extra $158 million to address the “Wild West of the crypto markets.”
Terraform Labs co-founder Do Kwon is now set to be released from prison in Montenegro; however, the South Korean will remain restricted to the borders of the European nation pending a fixed date for his extradition to his home country. Related Reading: Terraform Labs Accuses SEC Of ‘Government Overreach’ In Legal Defense Dispute Do Kwon […]
Gary Gensler implied many market participants preferred to “whittle away at the SEC’s disclosure regime” rather than register, despite criticism that the requirements were unclear.
The legal battle between the United States Securities and Exchange Commission (SEC) and Ethereum (ETH) has transformed into an intriguing case within the entire cryptocurrency landscape, with several experts predicting possible outcomes regarding the dispute. Ripple CEO Warns US SEC’s Inevitable Defeat Against Ethereum As the battle wages on, the Chief Executive Officer (CEO) of […]
The regulator does not want to undermine its arguments in ongoing legal action against Coinbase and Binance.
The post SEC Targets Ethereum Foundation: SEC’s Shocking Move Sparks Fear and Uncertainty appeared first on Coinpedia Fintech News
The Securities and Exchange Commission has intensified its scrutiny of Ethereum, the second-largest crypto after Bitcoin, by initiating a legal campaign to classify ETH as a ‘security.’ This regulatory probe will be a significant challenge for the crypto ecosystem while firms are fighting for the regulatory approval of spot Ethereum ETFs. Why the probe? According …