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 […]
The US Securities and Exchange Commission (SEC) has launched an investigation into the conduct of Terraform Labs and its algorithmic Stablecoin Terra Classic UST (USTC), according to a Bloomberg report on Thursday. UST lost its dollar peg in early May, which triggered a market-wide meltdown leading to the collapse of Luna Classic (LUNC). Both USTC […]
Binance has come under regulatory scrutiny again, this time with the SEC. The United States Securities and Exchange Commission (SEC) recently launched an investigation on the behemoth cryptocurrency exchange to ascertain whether it violated securities laws with its BNB token initial coin offering (ICO) five years ago. The latest regulatory report was published by Bloomberg […]
In a recent interview with CNBC, Securities and Exchange Commission (SEC) Commissioner Hester Peirce noted that the US has “dropped the ball” on cryptocurrency regulation. The Commissioner is known for her support of the industry, which has earned her the nickname “crypto mom.” Peirce talked about the regulatory challenges in the crypto industry in the […]
The US Securities and Exchange Commission (SEC) has come under fire by US lawmakers for its obsession with crypto regulation enforcement. This critique comes after the regulatory watchdog announced that it had almost doubled the size of its cryptocurrency enforcement unit. On Tuesday, some lawmakers and SEC Commissioner Hester Peirce criticized the Commission for its […]
The CEO of Ripple, Brad Garlinghouse, recently asserted that the ongoing lawsuit with the United States Securities and Exchange Commission (SEC) has neared its end, as he expects a resolution before the end of 2022. In an interview with Fox Business, Garlinghouse asserted that the legal battle with the regulatory watchdog has gone “quite well” […]
Ripple Labs has scored another victory, one of its most significant wins so far, against the US Securities and Exchange Commission (SEC) in its ongoing lawsuit. The presiding judge on the case denied the Commission’s decision to protect important material relating to the lawsuit. Ripple community lawyers have called the latest development “a very big […]
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), made some comments about the regulation of the cryptocurrency industry at a seminar hosted by the University of Pennsylvania Carey Law School. Gensler began his speech by making clarifications on the duty of the Commission, noting that “the SEC’s remit is overseeing the capital […]
US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, recently stated that financial authorities need to directly regulate cryptocurrency trading avenues. Gensler also indicated that more regulatory frameworks would be put in place this year, boosting optimism over investor protection in the crypto space. Before now, the SEC boss has hammered on the necessity of […]
