In a July 11 hearing, Judge Katherine Polk Failla expressed skepticism about Coinbase’s efforts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange. As detailed by Inner City Press, the hearing showcased Coinbase’s persistent efforts to acquire Gensler’s communications, including statements made before he became SEC Chair in 2021. […]
TL;DR Ripple has achieved significant partial legal victories in its ongoing battle with the SEC throughout 2023. The potential penalty remains disputed, with the SEC proposing $102.6 million and the company arguing for a maximum of $10 million. Filing After Filing The legal spat between Ripple and the US Securities and Exchange Commission (SEC) continues […]
TL;DR ChatGPT is optimistic that XRP’s price could rise significantly if Ripple wins its lawsuit against the SEC. The legal battle continues with discussions on the potential fines the company might face, impacting the timeline and outcome of the case. What are XRP’s Chances? Ripple’s XRP has seen better days since its price dipped substantially […]
Asset management firm Bitwise has amended its S-1 registration with the United States Securities and Exchange Commission (SEC) to list and trade shares of a spot Ether exchange-traded fund (ETF). This follows SEC Chair Gary Gensler’s statement that the commission might finalize approvals for spot Ether ETFs by summer 2024, with some analysts anticipating it […]
TL;DR Legal experts predict the Ripple v SEC case might conclude soon, with possible penalties but no disgorgement. The lawsuit’s outcome could significantly impact XRP’s price and the broader crypto market. Is It Finally Time for a Resolution? The legal spat between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing for […]
TL;DR Ripple uses a recent Binance ruling to argue against harsh penalties in their SEC lawsuit, citing regulatory uncertainty. The agency has reduced its proposed penalty from $2 billion to $102.6 million, while the company argues for a maximum fine of $10 million. Ripple on the Move The legal confrontation between Ripple and the US […]
On June 28, Amy Berman Jackson, a judge at the US District Court for the District of Columbia, ruled that most of the SEC’s lawsuit against Binance and its co-founder could go ahead. The SEC sued Binance and Zhao in June 2023 for mishandling customer funds, misleading investors and regulators, and violating securities regulations. The […]
It goes without saying that the dispute between the United States Securities and Exchange Commission and Ripple Labs over whether XRP should be constituted as a security or not is one that will likely have consequences for the entire industry. The case has been going on for many years now, and it’s currently in its […]
Ethereum has continued to face challenges staying above the $4,000 mark, mirroring the lack of momentum in the broader market. While the investors await for a rally, data suggest a surge in demand for the world’s largest altcoin. Permanent Ethereum Holders Bought Big According to CryptoQuant head of research Julio Moreno’s recent findings, Ethereum’s demand […]
Terraform Labs has reached a settlement in its lawsuit with the Securities and Exchange Commission (SEC), with the defunct crypto firm agreeing to pay a $4.47 billion fine for its fraudulent activity related to the defunct Terra blockchain. In a Wednesday letter to US District Judge Jed Rakoff, the SEC asked for approval of its […]