The legal conflict between the SEC and Ripples has been ongoing for quite some time; however, XRP seems resilient, as it keeps rallying in fractals. This is a result of the growingly encouraging news and viewpoints coming from the crypto community. Attorney John Deaton has alleged that the Securities and Exchange Commission is more focused […]
Terraform Labs is facing significant legal trouble in both South Korea and the United States. In South Korea, the company is being investigated for fraud, embezzlement, and money laundering in connection with its failed algorithmic stablecoin, TerraUSD. The stablecoin was once the third-largest by market capitalization and was backed by the LUNA token, which also […]
The future of spot Bitcoin ETFs has been thrown into uncertainty following a recent interview with U.S. Securities and Exchange Commission Chairman Gary Gensler. Gensler appeared on CNBC to discuss the SEC’s recent enforcement action against the cryptocurrency trading platform Kraken. In the interview, he emphasized the importance of full, fair, and truthful disclosure for […]
Trading volume for Ripple (XRP) on Bitmart, one of the largest cryptocurrency exchanges globally, has surpassed $600,000 just hours after it was reinstated. Recent reports show that Bitmart reinstated XRP trading after delisting it in the summer of 2021 due to a legal dispute between Ripple and the US Securities and Exchange Commission (SEC). However, […]
US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, made mention of crypto regulation and compliance at the Practising Law Institute’s SEC Speaks conference on September 8. Asserting that his organization’s core principles apply to every securities market, including securities and intermediaries in the crypto market, Gensler noted: “Of the nearly 10,000 tokens in the […]
Chairman of the US Securities and Exchange Commission (SEC) Gary Gensler recently authored an opinion article about how he believes crypto assets should be regulated in Wall Street Journal. Gensler noted in the article: “There’s no reason to treat the crypto market differently from the rest of the capital markets just because it uses a […]
In another bout of regulatory scrutiny, the US Securities and Exchange Commission (SEC) has accused Coinbase of listing nine crypto asset securities. The regulatory watchdog also accused a former Coinbase employee of “violating the antifraud provisions of the securities laws” on insider trading. The Commission published its complaint on Thursday, where it listed nine crypto […]
US Securities and Exchange Commission (SEC) Chairman Gary Gensler believes that cryptocurrency regulation should have “one rule book,” according to a report from the Financial Times last week. Gensler hopes to reach an agreement with the Commodity Futures Trading Commission (CFTC) to create synergy in regulation and avoid gaps in oversight. The SEC boss asserted: […]
Ripple (XRP) traded at the mercy of the broader market sentiment over the past few days amid the unavailability of updates from the ongoing US Securities and Exchange Commission (SEC) vs. Ripple case. Since last Thursday, the Ripple community has availed a court order ruling on recent claims by the SEC that all controversial Hinman […]
