Ripple Labs Fights SEC’s $2 Billion Fine Proposing a $10 Million Penalty Instead

In a significant legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple Labs has recently filed a compelling opposition to the SEC’s proposal to impose a massive fine of nearly $2 billion against the company.…

Two SEC Attorneys Step Down Following Judge’s Harsh Criticism in Crypto Platform Lawsuit

Two Securities and Exchange Commission (SEC) lawyers have resigned following a federal judge’s scathing rebuke and sanction against the Wall Street regulator. The case centers around DEBT Box, a crypto platform, and the lawsuit brought by the SEC against it.…

Ripple Labs Faces SEC in Court Over XRP Token Status, $2 Billion in Fines Sought

Ripple Labs Inc., is currently embroiled in a legal dispute with the United States Securities and Exchange Commission (SEC) over the status of its digital token, XRP. Ripple’s Chief Executive Officer, Brad Garlinghouse, recently disclosed that the SEC is seeking…

Federal Judge Nods to $21 Million SEC Settlement with Genesis Global Capital

In a significant development within the cryptocurrency industry, a federal judge has given approval to the settlement reached between Genesis Global Capital, a bankrupt crypto firm, and the Securities and Exchange Commission (SEC). The settlement revolves around allegations that Genesis…

SEC Legal Battle with Gemini and Genesis Over Unregistered Securities Claims

The Securities and Exchange Commission (SEC) has made significant progress in its case against Gemini Trust Co. and Genesis Global Capital, accusing them of illegally offering unregistered securities through their interest-paying product, Gemini Earn. US District Judge Edgardo Ramos recently…

Explore the potential impact of the SEC’s decision on Ethereum ETFs by May 23

The investment world stands at the cusp of a potentially transformative event. In May, the U.S. Securities and Exchange Commission (SEC) is poised to make a decision that could forever alter the landscape of cryptocurrency investment. The focus is on…

JPMorgan Chase Faces $18 Million Penalty for Discouraging Whistleblowers and Coercing Confidentiality Agreements. Can Jamie Dimon still bad mouth Bitcoin?

JPMorgan Chase, a prominent US banking institution, recently faced a significant penalty of $18 million imposed by the US Securities and Exchange Commission (SEC) due to allegations of actively discouraging clients from reporting illegal activities. The scrutiny by the SEC…

Binance Contest SEC Lawsuit, Arguing Non-compliance with Howey Test Requirements

In a recent filing, Binance, Binance.US, and their founder Changpeng Zhao (CZ) have strongly contested the U.S. Securities and Exchange Commission’s (SEC) lawsuit, arguing that the regulatory body failed to meet the requirements of the “Howey Test.” The filing, submitted…

Cathie Wood: SEC Engaging on Bitcoin ETF Application Signals Regulatory Shift

In a recent development, the Securities and Exchange Commission (SEC) has taken a significant step by initiating inquiries into Bitcoin Exchange-Traded Funds (ETFs), signaling a notable shift in behavior. This move has captured the attention of industry participants, as it…

SEC Requests Judge Jed Rakoff’s Ruling on Terraform’s Alleged Unregistered Securities Offering

In the ongoing legal proceedings between the Securities and Exchange Commission (SEC) and Terraform Labs, the SEC has filed a request for Judge Jed Rakoff to determine if Terraform offered and sold unregistered securities. This article provides a detailed analysis…