TL;DR Ripple’s lawsuit with the SEC remains ongoing, with speculation that the company might be waiting for Paul Atkins to take over as Chairman of the agency to potentially drop or reduce the $125 million penalty. Prior to the SEC’s appeal, the firm was ready to pay the fine. Is Ripple Waiting for This? The […]
After more than two years under regulatory scrutiny, Yuga Labs announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without taking enforcement action. While the agency has not disclosed the specific reasoning behind its decision, the move aligns with a broader shift in the SEC’s approach to […]
The US Securities and Exchange Commission (SEC) has officially closed its investigation into Uniswap Labs without taking any enforcement action. The decision to drop the investigation solidifies a shift in the SEC’s approach under its current leadership, which has been reassessing enforcement actions across the crypto industry. SEC Ends Uniswap Probe During Gary Gensler’s tenure […]
The cryptocurrency unit of the American financial services company Robinhood is now in the clear as the Securities and Exchange Commission (SEC) has closed its investigation into the business. According to a blog post by Robinhood, the SEC revealed in a letter dated February 21 that it had wrapped up its investigation into the firm’s […]
The U.S. Securities and Exchange Commission (SEC) has willingly withdrawn its appeal of a ruling that blocked its attempt to expand securities laws to cover decentralized finance (DeFi). This development means the DeFi space might no longer be subjected to securities laws. A Complete Victory for DeFi In a February 19 motion filed with the […]
The SEC is scaling back its special unit of more than 50 lawyers and staff members that were responsible for bringing crypto enforcement actions, according to a Feb. 4 New York Times report citing people with knowledge of the matter. Some of the lawyers in the crypto enforcement unit are being assigned to other departments […]
The Thailand Securities and Exchange Commission (SEC) is preparing to implement a DLT-based debt instrument trading system. The main objective is to encourage securities firms to engage in digital token trading. According to Jomkwan Kongsakul, who happens to be the deputy secretary-general of the SEC, the regulator has already approved four digital token projects and […]
TL;DR The SEC doubled down on its appeal against the 2023 ruling favoring Ripple, while the non-profit organization Better Markets sided with the regulator, arguing that XRP is a security. With pro-crypto Mark Uyeda replacing Gary Gensler at the SEC, analysts speculate on potential outcomes that could favor Ripple. The Tussle Goes on While the […]
Former Securities and Exchange Commission (SEC) Chair Gary Gensler’s return to his old MIT haunt has ignited backlash from a section of the crypto industry. Gensler previously taught at the university before leading the SEC, where he became deeply unpopular for his strict regulatory approach. MIT Welcomes Back Gensler, But Crypto Leaders Push Back On […]
After four years of steering crypto regulations and financial market oversight, former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is returning to the Massachusetts Institute of Technology (MIT). According to a January 27 statement from the research university, his focus will now shift to artificial intelligence (AI), fintech, finance, and public policy. Gensler’s […]