Mark Cuban Believes Cryptocurrency Will Influence 2024 Election and Criticizes SEC Regulations

In a recent social media post, billionaire entrepreneur Mark Cuban shared his perspective on the role of cryptocurrency in the upcoming 2024 election. Cuban’s comments were directed at Donald Trump, the former Republican presidential candidate, who has been actively engaging…

Kraken Challenges SEC in Legal Dispute Over Cryptocurrency Regulations

The ongoing legal battle between Kraken, a prominent cryptocurrency exchange, and the US Securities and Exchange Commission (SEC) has intensified with a recent filing by Kraken. In their reply to the SEC’s letter, Kraken challenges the agency’s case, claiming that…

Robinhood Posts $157 Million Profit Amid Crypto Surge and SEC Scrutiny

Robinhood Markets Inc., a prominent financial services company, has recently reported its second consecutive quarterly profit, benefiting from higher interest rates and the surging popularity of cryptocurrency trading. This article explores the factors contributing to Robinhood’s financial success while highlighting…

SEC Targets Ripple Stablecoin as Unregistered Crypto Asset in Ongoing Legal Battle

The U.S. Securities and Exchange Commission (SEC) has recently set its sights on Ripple’s highly anticipated stablecoin. In a recent filing, the SEC characterized the stablecoin as an “unregistered crypto asset.” Ripple, known for its innovative approach to bridging traditional…

SEC Issues Warning to Robinhood Over Crypto Business Amid Regulatory Crackdown

The US Securities and Exchange Commission (SEC) has issued a warning to Robinhood Markets Inc., a renowned stock trading platform, regarding its crypto business. This development signifies the SEC’s unwavering commitment to its ongoing crackdown on digital assets. In response,…

Terraform Labs Deems SEC’s $5.3 Billion Fraud Penalty Proposal Unwarranted

Terraform Labs Pte, along with its co-founder Do Kwon, has recently faced significant legal challenges after being found liable for fraud by a New York jury. The U.S. Securities and Exchange Commission (SEC) accused Terraform and Kwon, the creator of…

Terraform Labs Seeks Penalty Reduction in SEC Fraud Case After $5.3 Billion Fine Proposal

Lawyers representing Terraform Labs and its co-founder, Do Kwon, have requested a reduced penalty following their clients’ recent conviction for fraud. They argue that a fine closer to $1 million is more appropriate than the $5.3 billion proposed by the…

SEC and Gensler Viewed Ethererum as Unregistered Security for Over 12 Months

In recent developments surrounding the ongoing lawsuit between Consensys and the United States Securities and Exchange Commission (SEC), new information has come to light regarding the SEC’s stance on Ether. The lawsuit has shed light on the regulatory body’s belief…

Consensys Files Lawsuit Against SEC to Protect Ethereum Blockchain from Regulatory Overreach

In a bold move to safeguard the Ethereum blockchain from excessive regulation, leading crypto software firm Consensys has filed a lawsuit against the US Securities and Exchange Commission (SEC). This legal action aims to challenge the SEC’s alleged “campaign to…

BNY Mellon Enters Bitcoin ETF Market as SEC Approves 11 Funds

BNY Mellon, the oldest bank in America and the largest asset custodian bank globally, has announced its foray into the world of cryptocurrencies. Through a recent quarterly filing with the U.S. Securities and Exchange Commission (SEC), it has been revealed…