The securities regulator is going to appeal a court’s ruling that gave Ripple an advantage The US Securities and Exchange Commission (SEC) has filed an appeal in the ongoing legal battle with Ripple, signaling that the regulator is not backing down. On October 2, the SEC submitted a notice of appeal aiming to challenge the
Two commissioners aren’t happy with a recent enforcement action by the watchdog Two commissioners from the US Securities and Exchange Commission (SEC) have openly criticized the agency’s settlement with Flyfish Club, a restaurant project that sold NFTs as memberships. Flyfish Club agreed to pay $750,000 as part of a settlement over allegations that it conducted
The securities regulator doesn’t want creditors to be paid in stablecoins The US Securities and Exchange Commission (SEC) has raised concerns about FTX’s proposed payout plan for its creditors, indicating that it might take legal action to prevent certain aspects of the plan. The regulator specifically highlighted its reservations about FTX’s intention to repay creditors
Ripple Labs will pay $125 million, but closing the case could allow Ripple to flourish A federal judge has ruled that Ripple Labs must pay a $125 million civil penalty in a case brought against the company by the Securities and Exchange Commission (SEC). The decision, released yesterday by Judge Analisa Torres in the US
One industry analyst believes the SEC chairman could be out sooner than expected In a recent market report, Markus Thielen, founder of 10x Research, predicted that United States Securities and Exchange Commission (SEC) Chair Gary Gensler would likely resign within the first two months of 2025. Thielen’s forecast is based on the historical trend of
The decision comes as the securities watchdog continues to go after other crypto companies The US Securities and Exchange Commission (SEC) has signaled a potential shift in its approach to stablecoin regulation by dropping its investigation into Paxos Trust Company, the issuer of the Binance USD (BUSD) stablecoin. The decision, announced in a letter from
The cryptocurrency exchange is going to have to respond to allegations it illegally sold securities The simmering legal dispute between Binance.US, the American arm of cryptocurrency giant Binance, and the Securities and Exchange Commission (SEC) has reached a boiling point. Binance.US is bracing for a lengthy legal battle after a US court ruling allowed the
The move comes as a surprise, given the agency’s continued attack on the cryptocurrency space According to an announcement from Consensys, the US Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0 and will no longer pursue its case, claiming that ETH is a security. “The Enforcement Division of the SEC has
The cryptocurrency platform is officially done after costing investors $40 billion Terraform Labs has agreed to a settlement with the US Securities and Exchange Commission (SEC) in which it will pay the regulator about $4.47 billion. The settlement comes Terraform Labs and co-founder Do Kwon were found liable for the company’s collapse, which resulted in
The company behind the Terra blockchain protocol cost investors over $40 billion Terraform Labs, the company behind the Terra blockchain protocol, has settled its lawsuit brought forth by the US Securities and Exchange Commission (SEC) and must pay a total of about $4.47 billion. This includes $3.6 billion in disgorgement fines, a $420 million civil
The decision could give the SEC more control over how it views cryptocurrency US President Joe Biden has vetoed legislation to overturn US Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121, immediately receiving backlash from the crypto industry. 1/ Today, despite bipartisan support, Pres Biden vetoed the repeal of SAB 121, the
Lawmakers approve legislation that overturns a recent SEC decision on how banks work with crypto A joint resolution recently passed by the US Senate calls for the US Securities and Exchange Commission (SEC) to overturn restrictions on financial institutions conducting business with cryptocurrency firms. US Senators passed H.J. Res. 109 by a 60-38 vote on
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