18 US states file lawsuit against SEC, Gary Gensler: Law Decoded

Consensys CEO Joe Lubin said SEC crypto cases will be settled or dismissed under the incoming Trump administration. 

275 +

Three bullish cases for XRP: FOMO, funding rates, SEC battle

XRP started its strong bull run right after the broader crypto market started to cool down.  XRP (XRP) reached an eight-month high of $0.73 late Tuesday and soon its price started to decline. The asset became the seventh-largest cryptocurrency, surpassing…

245 +

SEC Is "Done," Former Official Says

The SEC is expected to drop all non-fraud cryptocurrency cases

182 +

Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’

“Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,” founder and CEO Joe Lubin said in a blog post.

167 +

Coinbase CEO urges next SEC chief to apologize for crypto crackdown

Coinbase CEO Brian Armstrong has called on the next Chair of the US Securities and Exchange Commission (SEC) to dismiss the agency’s “frivolous” cases against crypto firms and publicly apologize to the American people.

301 +

Next SEC Chair Should Drop ‘Frivolous Cases’ and Apologize, Coinbase CEO Says

Coinbase CEO Brian Armstrong calls for SEC reform, pushing for dismissal of "frivolous" crypto cases and suggesting upcoming election changes may reshape regulatory direction. The post Next SEC Chair Should Drop ‘Frivolous Cases’ and Apologize, Coinbase CEO Says appeared first on BeInCrypto.

278 +

Court approves Terraform Labs winding down in bankruptcy hearing

After collapsing in 2022, facing an SEC lawsuit in 2023, and filing for bankruptcy in 2024, many of Terraform’s legal cases in the US are beginning to wind down.

1002 +

SEC crypto watchdog resigns after nearly a decade

David Hirsch resigns from the SEC's Crypto Unit after leading landmark cases and expanding DeFi oversight. The post SEC crypto watchdog resigns after nearly a decade appeared first on Crypto Briefing.

117 +

SEC slashes Ripple penalty to $102 million

The SEC has cut its settlement demand for Ripple from $2B to $102.6M, following legal debates and comparisons to similar financial cases. The post SEC slashes Ripple penalty to $102 million appeared first on Crypto Briefing.

127 +

Uniswap to SEC: “If forced to litigate, we will win” 

Uniswap responded to the SEC's Wells Notice, beseeching the commission to learn from past cases and remain within the confines of its constitutional duties or risk defeat in court.

303 +

SEC under Trump would ‘vigorously pursue’ crypto regulation – former regulator says

Former SEC Division of Enforcement Assistant Director Jennifer Lee said on May 2 that Donald Trump’s possible reelection likely won’t change the SEC’s stance on crypto. Lee told CNBC the SEC “vigorously pursued crypto cases” during Trump’s first presidential term and that it brought “daylight and regulation” to the burgeoning industry.

349 +

How the SEC's Recent Win May Play in Its Coinbase, Binance Cases

A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law. The catch: This was a default judgment. The defendant never showed up, and no one filed amicus briefs to oppose the Securities and Exchange Commission's motion for a default ruling.

245 +

SEC Chair Gary Gensler criticizes Bitcoin, calls out its role in ransomware

SEC Chair Gary Gensler scrutinizes Bitcoin and questions its use cases despite the agency approving Bitcoin ETFs earlier this year.

232 +

Wall Street and Crypto: SEC Chair Gary Gensler’s Days May Be Numbered

SEC Chair Gary Gensler has attracted the ire of Wall Street and crypto through alleged overreach, with several cases already marring his legacy. The post Wall Street and Crypto: SEC Chair Gary Gensler’s Days May Be Numbered appeared first on BeInCrypto.

277 +

Elections, SEC Cases, DOJ Cases: What Crypto Regulation May Bring in 2024

The CoinDesk policy team is scattered throughout the world; in the final edition of this newsletter, each member explains what they're watching in 2024 in the world of crypto regulations. Happy holidays, and we'll see you next year!

181 +

Attorney recommends SEC disbar attorneys over misconduct

Lawyer Bill Morgan is joining CryptoLaw founder John Deaton and Ripple's chief legal officer Stuart Alderoty in criticizing the SEC over crypto-related cases.

542 +

Kraken’s Powell criticizes SEC’s ‘convenience-based’ enforcement actions in crypto industry

Kraken co-founder Jesse Powell suggested that the U. S.  Securities and Exchanges Commission (SEC) prioritized cases based on convenience, giving examples of the regulatory actions taken against U.

420 +

Ripple CEO criticizes former SEC Chair Jay Clayton’s comments

Clayton emphasized that regulatory agencies should introduce regulations and legal cases they believe will successfully withstand judicial scrutiny.

644 +

Gary Gensler teases details of SEC’s $5B take from enforcement actions, shades crypto

Gensler revealed that the SEC took 780 enforcement actions, including 500 standalone cases, and distributed $930 million to harmed investors.

300 +

Former SEC Official Questions Lack of DOJ Action in Crypto Cases

Former SEC enforcement veteran, John Reed Stark, recently raised eyebrows with pointed critique regarding scarcity of action from US Department of Justice (DOJ) in crypto-related cases

313 +

SEC Official Hints At Even More Charges Against Crypto Exchanges In The Coming Months

Despite juggling a string of high-profile cases, the SEC is keen on increasing the width of its enforcement to other crypto entities, putting a strain on the commission’s resources. The U. S.

175 +

SEC embroiled in court cases; Hester Peirce says crypto firms shouldn’t give up on US

The commissioner said she had seen awareness and knowledge of digital assets grow in her five years at the SEC, but largely, there was “more of the same” on enforcement actions.

2012 +

SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’

The SEC highlighted contradictory conclusions from similar cases and other pending decisions as some of the contentious legal issues.

559 +

Ripple CTO says ‘tide is turning’ on US regulatory environment

David Schwartz believes the U.S. legal system is looking more skeptically at SEC cases against various cryptocurrency industry participants.

439 +

Coinbase and Binance settlement with SEC is a good idea, analyst says

Fineqia International’s Matteo Greco comments on Bittrex’s $24 million SEC settlement, drawing parallels with ongoing cases involving crypto giants Coinbase and Binance. Bittrex’s recent $24 million agreement with the SEC mirrors the one currently involving Coinbase and Binance, according to…

957 +

Ripple Decision Rattles Legal Landscape: SEC Anticipates Significant Impact On Similar Cases

The United States Securities and Exchange Commission (SEC) has officially filed a motion to certify an interlocutory appeal in the ongoing legal battle against Ripple Labs and its executives.  The motion, submitted to the court, requests certification for two key holdings in the court’s summary judgment order issued on July 13, 2023.  Legal Showdown With […]

416 +

Bitstamp to halt U.S. trading of seven tokens identified as securities by SEC in Coinbase, Binance cases

Bitstamp said on Aug. 8 that it would halt U. S. trading for several cryptocurrencies declared securities in recent cases against Binance and Coinbase. Specifically, the company said it would soon block U.

218 +

SEC, Binance unite against Eeon’s lawsuit intervention

The U.S. SEC claims that Eeon has a history of repeatedly unsuccessfully representing itself in court cases.

3435 +

Ripple CLO says XRP ruling bodes well for Coinbase, Binance SEC cases

Ripple CLO Stuart Alderoty said on July 25 that a ruling concerning the securities status of the XRP token could be relevant to other ongoing cases. In mid-July, Ripple obtained a legal victory against the U.

364 +

Ripple Lawsuit: SEC Might Be Hesitant to Go After Similar Cases, Law Veteran Says Why

Question of what is next remains in hearts of crypto market participants

286 +

Ripple court ruling makes call for regulation 'more compelling and more urgent' — former CFTC chair

Former CFTC chair Timothy Massad said he thought it was unlikely the SEC and CFTC would change their pattern for pursuing enforcement cases even with a recent ruling in XRP's favor.

1602 +

XRP Not A Security, But What Does It Mean For Coinbase, Others?

The SEC had previously declared that most cryptos other than Bitcoin are likely to be classed as securities; with the clarity that XRP has now received, observers look to cases such as SEC vs Coinbase.

1668 +

It’s time for the SEC to settle with Coinbase and Ripple

The Securities and Exchange Commission should recognize it’s time to settle its cases against Coinbase and Ripple Labs.

474 +

Ether Pushes Past $2K as Ripple's Partial Win Against SEC Invigorates Market

Several layer-1 tokens soared after the Ripple ruling ignited hopes of a favorable ruling in other SEC cases against crypto firms.

263 +

Ripple: Is the LBRY verdict foreshadowing the future?

The LBRY ruling might impact Ripple because of similarities in the cases. XRP did not seem affected but fell to zero on an exchange on 10 July. The SEC's case against Ripple [XRP], an enduriThe post Ripple: Is the LBRY verdict foreshadowing the future? appeared first on AMBCrypto.

338 +

U.S. House committee chairs, Blockchain Association turn up heat on SEC head Gensler

Three House chairs sent a letter regarding recordkeeping and FOIA, and the industry advocacy group suggested Wells notice recipients ask for his recusal from their cases.

867 +

Former SEC Chair Jay Clayton Says Gary Gensler Overstepping His Power

Former SEC Chair Jay Clayton emphasized balancing regulatory enforcement and considering the consequences of potential defeats for the securities regulator. The former official told CNBC, "What you're hearing from leaders of the regulatory organizations is, if we're not losing cases, if we're not being pushed back on by the courts, We're not doing enough.

356 +

DigiToads use cases demonstrated amidst SEC crackdown on tokens without utility

DigiToads, a meme coin project, is proving that it has utility and TOADS an on-demand token as the SEC files a lawsuit against Binance

725 +

SEC lawsuits have hit crypto securities harder than crypto commodities

Quick Take This week, the Securities Exchange Commission (SEC) filed lawsuits against Binance and Coinbase. Among the charges, in both cases, it was alleged particular crypto tokens fall under the classification of “securities.

266 +

Cathie Wood says SEC scrutiny into Binance will reduce competition for Coinbase

Ark Invest CEO Cathie Wood told Bloomberg that Coinbase could benefit from the Securities and Exchange Commission’s (SEC) scrutiny of Binance. The SEC sued both Coinbase and Binance earlier this week for allegedly offering unregistered securities, among other charges, in separate cases.

302 +

Meet the judges that will preside over Coinbase and Binance’s SEC lawsuits

One judge has ruled on a key crypto case of late, while the other has ruled on high-profile political cases in the United States in recent times.

1709 +

Cardano company Input Output says ADA is not a security

Input Output Global (IOG), the company behind Cardano, responded to recent regulatory action concerning the legal status of its ADA token on June 6. Input Output responds to SEC cases IOG’s statement pertains to the U.

369 +

Gensler “very confident” SEC can win against Coinbase, Binance

U. S. Securities Exchange Commission (SEC) Chair Gary Gensler is “very confident” of winning enforcement cases against Coinbase and Binance. Gensler confident of victory Speaking to CNBC, Gensler said it’s up to people what they want to invest in.

305 +

Ripple’s letter on supplemental authority gets SEC response

Ripple Labs' letters over supplemental authority in the Bittner and Voyager cases have been met with a response from the United States securities and exchange commission (SEC).

296 +

Binance.US, Alameda, Voyager Digital and the SEC — the ongoing court saga

Court cases involving the SEC and some major crypto industry enterprises — Voyager Digital, Alameda Research and Binance.US — have continued to progress in 2023.

312 +

US SEC Plans to Keep Growing Crypto Unit as Enforcement Ramps Up

The U.S. Securities and Exchange Commission (SEC) may ramp up its recent surge of cases targeting crypto firms by once again boosting the size of its digital assets enforcement squad.

367 +

SEC, CFTC press civil charges against former FTX exec Singh parallel to criminal case

Singh’s former colleagues Ellison and Wang consented to stays in their CFTC cases; Singh has agreed to submit a consent order proposal in the CFTC case.

377 +

XRP Lawsuit: Ripple’s Lawyer On Why SEC’s Gensler Must Recuse Himself From Voting On Enforcement Cases

456 +

Ripple Calls For Recusal Of Gensler From Crypto Cases, Here’s Why

The legal battle between Ripple Labs and the U. S. Securities and Exchange Commission (SEC) continues to await a decision after the final briefs were submitted by both parties about a month ago. The latest development in the lawsuit was the intervention of Forbes journalist Dr.

309 +