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Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury
5.4.2024
On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission (SEC). The lawsuit spanned approximately two weeks....
New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case
5.4.2024
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD
Ripple’s Chief Legal Officer Blasts SEC Over Crypto Regulation, XRP Lawsuit: “Get Off Your Soap Box”
5.4.2024
Ripple’s Chief Legal Officer, Stuart Alderoty, told the United States Securities and Exchange Commission (SEC) to “get off its soap box” after the SEC’s Director of Enforcement, Gurbir Grewal, seemingly criticized the crypto exchange for its XRP lawsuit.
The post Ripple’s Chief Legal Officer...
Philippines SEC Says eToro Unauthorized to Sell Securities
5.4.2024
The Securities and Exchange Commission (SEC) in the Philippines said the retail trading platform eToro is unauthorized to sell or offer securities to the public in the Philippines.
The post Philippines SEC Says eToro Unauthorized to Sell Securities appeared first on Cryptonews
Ripple’s Legal Chief Urges SEC to Own up to Its Mistakes After Years of ‘Misguided War on Crypto’
4.4.2024
Ripple’s chief legal officer has urged the U.S. Securities and Exchange Commission (SEC) to own up to its multiple missteps in enforcement actions against the crypto industry. He referenced court rulings that criticized the SEC for “gross abuse of power,” lack...
SEC Asks For Public Comment Regarding Spot Ethereum ETF Approval
4.4.2024
The United States Securities and Exchange Commission (SEC) is seeking public comment over the potential approval of a spot Ethereum (ETH) ETF, an April 2nd court filing reveals. What are the odds a spot ETH ETF gets approved by May?
The post SEC Asks For Public Comment Regarding Spot Ethereum...
Hester Peirce’s crypto advice amid rising SEC frustrations
4.4.2024
Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC), expressed her skepticism regarding the SEC’s approach to the digital asset industry, particularly pointing out the methods of communication and enforcement used by her SEC colleagues. In her speech at the...
SEC reviews Fidelity/Grayscale/Bitwise ETH trust proposals
4.4.2024
The Securities and Exchange Commission (SEC) has reached out for public opinion regarding three NFTs. They include the Fidelity Ethereum Fund, the Grayscale Ethereum Trust, and the Bitwise Ethereum Trust. The fact that the SEC refuses to throw any light on the matter, according to Bloomberg, is...
US Courts Have Serially Rejected Crypto Industry’s ‘Decade’s Worth of Arguments’ – SEC Director
4.4.2024
Over the past decade, the U.S. Securities and Exchange Commission (SEC) has contended with “significant non-compliance” and “creative attempts” by cryptocurrency market participants to avoid its jurisdiction. According to the SEC’s enforcement director, the commission...
For Crypto, the Global Regulatory 'Olympics' Has Already Begun
3.4.2024
SEC Director of Enforcement Gurbir Grewal Slams Crypto Industry, Cites “Significant Non-Compliance”
3.4.2024
Gurbir Grewal, the Director of the Enforcement Division at the SEC, slammed the crypto industry for its "significant non-compliance" in remarks given Wednesday at the Practicing Law Institute SEC Speaks event. His criticism comes one day after SEC Commissioner Hester Peirce chided the agency...
U.S. SEC Calls for Comments on Spot ETH ETFs
3.4.2024
The U.S. Securities and Exchange Commission has opened the window for comments on three ether spot exchange traded fund (ETF) proposals
What a Judge Said About the SEC's Suit Against Coinbase
3.4.2024
Coinbase and Custodia both lost early and preliminary court fights. The Coinbase loss was more or less expected – companies rarely win much on a motion for judgment at such an early stage – but still pretty enlightening
The SEC’s Shot Across the Bow on 'AI Washing'
2.4.2024
SEC Commissioner Hester Peirce Calls Out SAB 121, Claims Agency is “Scaring People Off”
2.4.2024
SEC Commissioner Hester Peirce criticized her own agency and its controversial staff accounting bulletin, SAB 121, during Tuesday remarks at the Practicing Law Institute’s 2024 SEC Speaks event. Peirce's dissidence marks the latest dissatisfaction with the SEC's leadership, with the federal agency...
TRON Foundation, Justin Sun Ask U.S. Court to Dismiss SEC Lawsuit
2.4.2024
The TRON Foundation and Justin Sun asked a New York court to dismiss an SEC lawsuit, arguing that the regulator failed to establish that the court has jurisdiction over the foreign defendants
48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’
1.4.2024
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade...
ConsenSys submits comment letter to SEC urging approval of ETH ETF
1.4.2024
Recently, the SEC requested feedback on whether or not Ethereum’s Proof of Stake (PoS) creates “unique concerns” of fraud and manipulation that the agency should consider before approving applications for Ethereum ETFs. The following are among the six questions the SEC requested...
Thailand’s Largest Crypto Exchange Bitkub Sets Sights on 2025 IPO in Home Country
1.4.2024
The parent company of Bitkub, Thailand's largest cryptocurrency exchange, has revealed plans to conduct an initial public offering (IPO) in 2025.
The post Thailand’s Largest Crypto Exchange Bitkub Sets Sights on 2025 IPO in Home Country appeared first on Cryptonews
TRON seeks dismissal of SEC lawsuit in bold legal move
1.4.2024
TRON Foundation has vehemently demanded the shutting down of an SEC’s (United States Securities and Exchange Commission) lawsuit, claiming that the agency is overreaching its limits in regulating activities primarily carried out outside the borders of the U.S. “The SEC is not...