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Ripple’s $2B penalty looms after SEC rebuffs Binance comparison
4.7.2024
The legal battle between Ripple and the SEC has been going on for several years now, and there is another update. Ripple recently filed a Notice of Supplemental Authority after US courts rejected the SEC’s claims regarding Binance. The regulator had previously stated that BNB’s secondary market...
SEC wants retailer’s crypto suit tossed as it’s based on ‘phantom’ policy
4.7.2024
A Texas bag retailer sued the SEC to get legal protection for a token airdrop, but the regulator says the suit was based on a policy that doesn’t exist
When Do Secondary Token Sales Violate Howey?
4.7.2024
A federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB
Binance US Confident in Legal Battle Against SEC as Case Moves Forward
4.7.2024
Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law,...
Bitwise files amended Ethereum ETF S-1 — experts predict July launch
3.7.2024
SEC Chair Gary Gensler said that the commission could give final approvals on spot Ether ETFs sometime in summer 2024, while some analysts are predicting as early as July
Investors brace for US election outcomes as crypto hits the ballot
3.7.2024
FIT21’s bipartisan support suggests a potential shift in U.S. crypto policy, while investors are focused on long-term trends despite political uncertainty
Coinbase cites Binance BNB token precedent in SEC petition
3.7.2024
“Rulemaking is required here because the SEC has adopted a novel and sweeping, yet still indeterminate, view of the securities laws,” attorneys wrote
Binance wins authoritatively over the SEC: Ripple case highlighted
3.7.2024
The American court rejected the claims made by the Securities and Exchange Commission against Binance. The SEC had filed a lawsuit against Binance in June 2023, raising allegations that it sold unregistered securities and operated illegally in the United States. The new court ruling symbolizes...
Ripple and Coinbase see hope in SEC’s Binance ruling
3.7.2024
Coinbase and Ripple have expressed doubts about the lack of clarity in cryptocurrency regulations. The Securities and Exchange Commission rejected Binance’s claim that Binance Coin’s secondary sales were securities. Coinbase and Ripple will leverage their cases with the U.S. SEC....
SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions
3.7.2024
The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading...
Judge signs off on expedited schedule for Consensys suit against SEC
2.7.2024
While Judge Reed O’Connor granted the SEC an extension to respond to Consensys’ lawsuit, he also approved a timeline for considering the case’s merits proposed by the firm
Binance.US Challenges SEC Over ‘Control Person’ Allegation
2.7.2024
The United States subsidiary of the world’s biggest cryptocurrency exchange, Binance.US, is ready to counter the Securities and Exchange Commission (SEC). The SEC claims that the exchange offered unregistered investment products and violated the anti-fraud provisions. Binance US did not take...
SEC charges Consensys Software for unregistered securities sales
2.7.2024
The SEC has charged Consensys Software Inc. with engaging in unregistered securities offerings and sales via MetaMask Staking. Additionally, the platform faces charges for operating as an unregistered broker through MetaMask Staking and MetaMask Swaps. The SEC has filed a complaint alleging that...
Cryptos, secondary BNB sales not securities: Federal court rules in Binance vs SEC case
2.7.2024
In a major win for the crypto industry, a federal court ruled that crypto tokens are not securities
Binance.US 'prepared' for SEC legal showdown
2.7.2024
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics
Commissioner Mark Uyeda calls SEC’s approach to crypto filings ‘problematic’
2.7.2024
Tucked away in a footnote as part of a recent statement, the SEC Commissioner said his agency’s current approach to crypto does not aid capital formation or protect investors
Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance
2.7.2024
The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion....
Supreme Court’s Chevron Decision Curtails SEC Chair Gensler’s Regulatory Abuses, Says Congressman
2.7.2024
Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other...
SEC files lawsuit against FTX-linked bank, alleging fraud
1.7.2024
Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”
Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator
1.7.2024
The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank's parent entity and its former executives on Monday