The long-running legal dispute is entering its final lap Ripple Labs and the US Securities and Exchange Commission (SEC) recently moved forward in their ongoing legal dispute. The SEC has recently filed its final reply in the remedy stage, marking a critical milestone in the case’s progression. The lawsuit centers on the SEC’s allegations that
The SEC has sent a “Wells notice” as it continues its attack on the cryptocurrency space Decentralized exchange (DEX) Uniswap has recently been issued a Wells notice from the US Securities and Exchange Commission (SEC). It’s the latest move by the securities regulator against the cryptocurrency space, although the attack will most likely lead nowhere.
The securities watchdog is under fire for lying in court A US district court has sanctioned the Securities and Exchange Commission (SEC) for functioning in “bad faith” in its lawsuit against Debt Box. The case is another example of the securities watchdog’s attempt to manipulate the cryptocurrency ecosystem. The SEC originally filed a motion to
The securities watchdog continues its offensive against the cryptocurrency ecosystem The US Securities and Exchange Commission (SEC) alleges that the Gemini and Genesis cryptocurrency firms sold unregistered securities via the Gemini Earn program. A federal judge has agreed, allowing the securities watchdog’s lawsuit against the companies to move forward. New York District Court Judge Edgardo
The cryptocurrency entrepreneur was sentenced to prison for fraud The US Court of Appeals for the First Circuit has upheld the fraud conviction of Randall Crater, the founder of the cryptocurrency project My Big Coin, who was sentenced to over eight years in prison. As a result, his plans for a new trial have been
The SEC continues to be called out for questionable suits against the crypto ecosystem The Kraken cryptocurrency exchange has filed a motion to dismiss a November lawsuit from the US Securities and Exchange Commission (SEC), saying it sets a “dangerous precedent” for the agency’s remit. Kraken filed the motion with a San Francisco federal court
The cryptocurrency exchange has failed in its attempt to have the SEC develop guidance On December 15, the US Securities and Exchange Commission (SEC) denied cryptocurrency exchange Coinbase Global’s petition to issue rules handling digital assets. Chairman Gary Gensler repeated his stance that “no further regulation is needed to oversee the crypto market.” “The current
Legislators want financial authorities to get ahead of the securities watchdog Several US Congress members have presented a memorandum insisting key financial authorities, including the Federal Deposit Insurance Commission (FDIC) Chair and the acting comptroller of the currency, to get involved with cryptocurrency oversight. The legislative members want the authorities to clarify that the US
A lawyer following the long-running battle says the SEC has virtually no chance of winning The US Securities and Exchange Commission (SEC) recently dismissed its charges against CEO Brad Garlinghouse and executive chair Chris Larsen of cryptocurrency company Ripple, while the regulator also received an unfavorable ruling on the retail sale of XRP. Now, lawyer
The battle between the SEC and Ripple comes to a surprising conclusion after two years Attorneys for the US Securities and Exchange Commission (SEC) disclosed that they aim to dismiss all claims against CEO Brad Garlinghouse and executive chair Chris Larsen of cryptocurrency project Ripple. In the filing in the US District Court for the
The US SEC has roped in a fellow financial watchdog to support its efforts The Philippines Securities and Exchange Commission (SEC) has joined forces with its US counterpart and the Asian Development Bank to fight criminals who commit financial crimes, including cryptocurrency fraud. A recent press release revealed that the three agencies held an International
The ongoing legal debates involving the SEC, Coinbase and Ripple could alter the entire ecosystem Pro-XRP lawyer John Deaton, who represents numerous XRP token-holders, recently traced the possible steps the two parties might take amid assumptions regarding a potential resolution between Ripple and the US Securities and Exchange Commission (SEC). Deaton explained that if the
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