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Consensys Files Lawsuit Against the SEC Over Ethereum Regulation


Ethereum developer firm Consensys managed by Joe Lubin has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over its “overzealous regulation” around the Ethereum blockchain. The post Consensys Files Lawsuit Against the SEC Over Ethereum Regulation appeared first...

SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs


The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final...

SEC delays Ethereum ETF decision amid regulatory review


The United States Securities and Exchange Commission (SEC) has opted to defer its decision on Ethereum exchange-traded fund (ETF) proposals submitted by investment firms Grayscale and Franklin Templeton. The SEC’s decision marks a significant development in the quest to bring...

SEC feels Do Kwon of Terraform Labs deserves a fine of $5.3B


Federal regulators insist on a fine being levied on Terraform Labs and its co-founder, Do Kwon, amounting to $5.3 billion. This is with regards to several irregularities among investors. It is right after the two players were accused of illegal activities involving over a billion dollars.  As per...

SEC Delays Decision on Franklin Templeton’s Spot Ethereum ETF Application


The fate of spot Ethereum ETFs hangs in the balance as the SEC announces a delay in its decision. This move reflects a cautious approach amidst growing interest and regulatory complexities surrounding crypto-based investment products. Dive deeper into the implications for the future of spot...

Ripple Asks Court to Reject SEC’s $2 Billion Penalty Request in XRP Case


Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their...

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