Terraform Labs, embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC), asserts its right to retain Dentons U.S. LLC as its counsel amidst objections from the regulatory body. The dispute centers on Terraform’s payment of $166 million to legal representatives, with the SEC alleging dubious fund transfers to evade potential liabilities. […]
Securities and Exchange Commission [SEC]
Bipartisan’s Crypto Alarm Rises as Illicit Activities Soar
At the recent congressional hearing, crypto and illicit finance regulations gained bipartisan momentum. Titled “Crypto Crime in Context Part II,” the House Financial Services Committee explored methods to combat the misuse of digital assets by bad actors. Both Democrats and Republicans are now focusing on anti-money laundering (AML) measures, signaling a shift towards tighter regulations. […]
Crypto Crackdown: SEC Ramps Up Enforcement in Fiscal Year 2023
The Securities and Exchange Commission (SEC) has stepped up its enforcement efforts in the cryptocurrency space, filing 784 enforcement actions and obtaining nearly $5 billion in financial remediation orders in fiscal year 2023. This marks a significant increase from the previous year, highlighting the SEC’s growing focus on protecting investors from crypto-related fraud and misconduct. […]
Spot Bitcoin ETF Approval Imminent: Cantor Fitzgerald’s Bold Call
The cryptocurrency world is buzzing with excitement as a spot bitcoin exchange-traded fund (ETF) draws closer to reality. Cantor Fitzgerald, a renowned financial services firm, has made a bold prediction that the Securities and Exchange Commission (SEC) is nearing approval for a slate of applications from asset managers seeking to launch a spot bitcoin ETF. […]
Ripple’s Bold Stand: Backing SEC Dissent on LBRY Injustice
Ripple’s Chief Legal Officer, Stuart Alderoty, and the XRP community, have recently thrown their support behind SEC Commissioner Hester Peirce in her dissenting stance against what they perceive as “injustice” in the LBRY lawsuit. This move underscores the mounting concerns over regulatory actions and their implications for the cryptocurrency industry. Alderoty expressed his gratitude to […]
SEC’s XRP Battle with Musk and Cuban: Shocking Legal Showdown
Elon Musk and Mark Cuban, two influential figures in the investment world, have joined forces to challenge the prosecutorial tactics of the United States Securities and Exchange Commission (SEC) in a joint amicus brief filed with the Supreme Court. This move is in support of plaintiff George Jarkesy, who argues that the commission’s practice of […]
Bitcoin ETF: Explosive Surge as GBTC’s Discount Shrinks to 15.87%
The Bitcoin ETF’s rise has led to a narrowing discount for Grayscale Bitcoin Trust (GBTC). As of October 13, GBTC’s discount to Bitcoin’s net asset value (NAV) stands at 15.87%, drawing attention from investors and analysts. Some believe this reflects the market’s anticipation of SEC approval for spot Bitcoin ETFs. The discount to NAV is […]
Coinbase’s Uphill Battle: 5 Key Numbers in SEC Lawsuit Saga
Coinbase’s co-founder, Brian Armstrong, recently emphasized the company’s unwavering commitment to its mission, regardless of market fluctuations. In his statement, he stressed that progress in the crypto space is a long-term endeavor marked by ups and downs. Coinbase’s resilience and determination, he believes, will ultimately lead to success. However, the crypto exchange is currently facing […]
XRP Thrilling 8% Hike After SEC’s Appeal Flops
In a major twist for XRP, the United States Securities and Exchange Commission (SEC) has faced a setback in its ongoing legal battle against Ripple Labs and its cryptocurrency. District court judge Analisa Torres recently rejected the SEC’s appeal to challenge the earlier ruling that XRP is not a security. This decision triggered an immediate […]
Ripple Roars: CEO’s Defiant Victory Over SEC Bullying
Brad Garlinghouse, the CEO of Ripple, recently celebrated what he views as a pivotal moment not just for his company, but for the entire cryptocurrency industry. The focal point of this triumph was Ripple’s partial victory against the U.S. Securities and Exchange Commission (SEC). In a candid conversation at a Messari panel, Garlinghouse did not […]