Tag Archives: sec

Kraken and the US Securities and Exchange Commission (SEC) remain embroiled in a dispute, as the crypto exchange filed a new document questioning the accuracy of the regulator’s case. The development comes three months after Kraken filed a motion to dismiss the SEC’s lawsuit against it. SEC’s Case Isn’t Worded Correctly Kraken recently filed a response to the SEC’s April letter regarding the company’s motion to dismiss the case. In it, the exchange alleged that the securities...

TL;DR The legal confrontation between Ripple and the SEC intensifies, with recent filings focusing on whether a key witness’s declaration is standard evidence or unsolicited expert testimony. As both parties await a judicial ruling, speculations arise about a potential settlement this summer. The SEC’s Actions The legal case between Ripple and the US Securities and Exchange Commission (SEC), which dates back to December 2020, has intensified in the past several weeks. One...

CoinspeakerEthereum (ETH) Price Dips Below $3K amid Increased Short-Term Fear Ethereum (ETH) price has established a solid support level around $2,972, which could yield a bullish rebound towards its all-time high soon. Ethereum (ETH) Price Dips Below $3K amid Increased Short-Term Fear

CoinspeakerJPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs The JPMorgan analysts believe the US SEC will establish a middle ground between security and commodity for Ethereum, thus leading to imminent approval of spot ETFs. JPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs

A proposal to list and trade shares of prominent asset manager Grayscale’s Ether futures exchange-traded fund (ETF) has been withdrawn, as per a new document filed on Tuesday. The filing by the US Securities and Exchange Commission (SEC) revealed that the application for the Grayscale Ethereum Futures Trust ETF, filed by NYSE Arca, Inc. in September last year, was withdrawn on May 3. Previously, the agency had delayed consideration of Grayscale’s ether futures ETF, with the...

CoinspeakerRipple’s Planned Stablecoin Draws SEC Scrutiny for Unregistered Status The SEC says Ripple's intention to issue a stablecoin, an unregistered asset, is further proof that it will continue to break the law. Ripple’s Planned Stablecoin Draws SEC Scrutiny for Unregistered Status

One of crypto’s most powerful government nemeses believes journalists question him about the burgeoning asset class way more than necessary. Securities and Exchange Commission (SEC) chairman Gary Gensler appeared for a nine-minute interview with CNBC on Wednesday and blamed the host for asking for such an “outsized ratio” of crypto-focused questions. Gensler Is Tired Of Crypto Questions Gensler’s interviewer, Andrew Ross Sorkin, suggested that journalists’ focus on the...

Robinhood Markets Inc. has become the next crypto trading platform to receive a threat of legal action from the Securities and Exchange Commission (SEC), adding to the sizable list of industry giants on the agency’s hit list. In a Form 8-K filed on Saturday, the company said it received a Wells Notice from the SEC on May 4. Allegations Against Robinhood Specifically, SEC staff disclosed that they’d reached a “preliminary determination” to recommend the agency to file a...

CoinspeakerBitcoin Price: Bernstein Analysts Reiterate Their $150K Bet It's been two weeks since the halving and the price of Bitcoin has not seen a sizable jump. Rather, the coin has seen significant bearish fluctuations, going below $60,000. Bitcoin Price: Bernstein Analysts Reiterate Their $150K Bet

CoinspeakerTerraform Labs’ Do Kwon Challenges SEC’s $5.3 Billion Penalty Do Kwon's lawyers conte­nd the court should not grant any injunctive relief or disgorgement and should impose at most a $1 million civil penalty against Terraform Labs. Terraform Labs’ Do Kwon Challenges SEC’s $5.3 Billion Penalty