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Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach


The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which was designed to enhance transparency within the nearly $27 trillion private fund industry. The court found that...

Amicable legal settlement between Terraform Labs and Do Kwon in SEC case


Terraform Labs, a Singapore-based startup focusing on blockchain protocol and payment systems, has finally settled with the American Securities and Exchange Commission; the SEC filed a case against Terraform Labs for misleading the cryptocurrency investment fraternity. The information about...

Israel to Launch Digital Shekel Test for Payment


The "digital shekel," also known as the central bank digital currency (CBDC), is being developed at a faster pace by the Bank of Israel (BoI). The bank recently provided an update on May 28 that included preparations for the payment use case of the CBDC through the 'Digital Shekel Challenge'...

Judge Throws Out DEBT Box Case, Orders SEC to Pay $1.8M


The US District Court for the District of Utah on Tuesday threw out the SEC's case against DEBT Box and imposed fines exceeding $1.8m on the regulatory body for its bad faith actions. The post Judge Throws Out DEBT Box Case, Orders SEC to Pay $1.8M appeared first on Cryptonews

Impact of SEC vs Ripple case on XRP ETF


The price of XRP decreased by 2.53% on May 26, 2024, and the session concluded at $0.5282. It is to be recalled that XRP joined the wider crypto market despite policy uncertainties and concerns about the SEC vs Ripple case. The SEC vs Ripple Case has once again brought exchange-traded fund news...

XRP on the rise: SEC case, ETF hopes to drive investor optimism


The cryptocurrency market is currently abuzz with discussions surrounding the latest developments in the ongoing SEC cases and the potential for an XRP-spot ETF. Investors and market analysts are closely monitoring these developments, which could significantly influence the regulatory landscape...

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