The intense legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is capturing significant attention in the cryptocurrency landscape. Following a recent court ruling in August, Ripple was instructed to pay a $125 million penalty for allegedly trading unregistered securities. While some in the XRP community viewed this ruling as a
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The US Securities and Exchange Commission (SEC) has imposed hefty fines on crypto companies in recent years, with 2024 standing out as the most aggressive regulatory year in the agency’s history. According to a report by Social Capital Markets, the total fines levied by the regulator since 2013 have reached a staggering $7.42 billion, with
The Digital Chamber (TDC) has recently made a public statement urging Congress to pass legislation that would categorize certain non-fungible tokens (NFTs) as consumer goods rather than securities. This call to action comes in the wake of increased scrutiny from the Securities and Exchange Commission (SEC), particularly their enforcement actions against NFT platforms like OpenSea.
After a prolonged legal battle, Ripple has been slapped with a $125 million fine by the US Securities and Exchange Commission (SEC) in a lawsuit that spanned four years. The District Court of the Southern District of New York, presided over by District Judge Analisa Torres, issued the final judgment, partially rejecting the SEC’s claim
The XRP price has been struggling to break through the $1 level, despite multiple partial victories against the United States Securities and Exchange Commission (SEC) over the past year. However, bullish formations on the chart, including a Golden Cross, have given hope to XRP bulls. A Golden Cross occurs when the short-term moving average of
In a recent hearing, Judge Katherine Polk Failla criticized Coinbase’s attempts to subpoena SEC chair Gary Gensler in the ongoing case against the firm. She expressed concerns over the company’s request for Gensler’s statements prior to becoming SEC chair in 2021, calling Coinbase’s arguments “speculative” and not persuasive. Coinbase’s lawyer defended the company’s request by
Recently, the US Securities and Exchange Commission (SEC) concluded its investigation into stablecoin issuer Paxos. Paxos announced on July 11 that it received a termination notice from the SEC on July 9. The notice confirmed that the regulator would not take any enforcement action against Paxos Trust Company regarding the Binance USD (BUSD) stablecoin. Over
Silvergate Capital found itself in hot water as it settled with the SEC for a hefty $50 million. This settlement was accompanied by demands from Federal Reserve governors and California financial regulators for an additional $63 million in fines, totaling a significant sum. The SEC accused Silvergate Capital, along with its subsidiary Silvergate Bank and
A federal judge in California has indicated that he is likely to allow the US Securities and Exchange Commission’s (SEC) lawsuit against Kraken to proceed. This decision casts doubt on Kraken’s attempts to have the case dismissed. The judge explained that it is plausible that the digital assets offered on the platform could be considered
Travis Kling, the Founder and Chief Investment Officer of Ikigai Asset Management, recently provided his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem. Kling noted that Bitcoin is currently trading at approximately 10% below its all-time highs and pointed out that the market appears to be on the verge of cannibalism.