TL;DR The long-standing lawsuit between Ripple and the SEC is set to enter a critical phase with the start of the grand trial at the end of April. The company has gained momentum due to partial victories secured in 2023. The lawsuit between Ripple and the US Securities and Exchange Commission (SEC), which has been ongoing for over three years, will witness several key developments this month. Perhaps the most important one is the start of the grand trial, scheduled for April...
Read More »US Lawmakers Urge SEC to Confront Prometheum’s Custody Plans for ETH
United States House Financial Services Committee and House Agriculture Committee members have expressed notable concerns regarding the Securities and Exchange Commission’s (SEC) approach to managing Ethereum (ETH). The focus of their apprehension centers on crypto firm Prometheum’s plans to offer institutional custody services for ETH, which has sparked several demands for clarity and action from regulatory authorities. Regulatory Ambiguity In a letter addressed to SEC Chair...
Read More »US Court Rules Coinbase Must Face SEC’s Lawsuit
CoinspeakerUS Court Rules Coinbase Must Face SEC’s Lawsuit Despite rejecting most of Coinbase's attempts to dismiss the entire case, the judge found the SEC's arguments insufficient in proving that the company functions as a 'broker' by providing Wallet to customers. US Court Rules Coinbase Must Face SEC’s Lawsuit
Read More »Terraform Labs Faces Trial in New York amid Civil Fraud Allegations Tied to TerraUSD Collapse
CoinspeakerTerraform Labs Faces Trial in New York amid Civil Fraud Allegations Tied to TerraUSD Collapse The Terraform trial holds significant implications for the crypto industry. A win for the SEC would solidify its authority to regulate cryptocurrencies deemed securities. Terraform Labs Faces Trial in New York amid Civil Fraud Allegations Tied to TerraUSD Collapse
Read More »What Will Happen to ETH’s Price if the SEC Rejects All Spot Ethereum ETF Applications?
After a decade of waiting, rejecting, and delaying at best, the United States Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs at the start of 2024. Their impact on BTC’s price has been undeniable as the demand for those products among traditional investors has skyrocketed. Now that there are existing exchange-traded funds tracking the performance of at least one cryptocurrency, the community speculates on whether there will be a...
Read More »Authorities Investigate Ethereum Foundation, SEC Seeks to Classify ETH as Security
CoinspeakerAuthorities Investigate Ethereum Foundation, SEC Seeks to Classify ETH as Security According to the latest reports by Fortune, the SEC seeks to classify ETH as a security. Authorities Investigate Ethereum Foundation, SEC Seeks to Classify ETH as Security
Read More »Ethereum (ETH) Prices Could Face Heavy Resistance if This Happens
Ethereum staking could present challenges for crypto asset manager Grayscale if the SEC greenlights fund conversion for ETHE as it did for GBTC. These are the findings of BitMEX research, which added that if the SEC does not allow staking, then there will be large outflows from the firm’s ETHE fund, larger than those from its Bitcoin ETF. “All the more reason to redeem from ETHE as soon as you can,” it advised. Staking Allowed in ETFs? Moreover, if Grayscale lowers the fee...
Read More »Genesis Fined $21 Million in SEC Settlement Over Unregistered Securities
CoinspeakerGenesis Fined $21 Million in SEC Settlement Over Unregistered Securities The settlement with Genesis signifies the SEC's commitment to overseeing crypto lending platforms and safeguarding investor interests. Genesis Fined $21 Million in SEC Settlement Over Unregistered Securities
Read More »Binance Quietly Concludes Binance Labs Spinoff as Part of Developments Under New CEO
CoinspeakerBinance Quietly Concludes Binance Labs Spinoff as Part of Developments Under New CEO Binance Labs is now an independent spinoff of Binance Holdings and has no ties to the parent company other than the trademark name. Binance Quietly Concludes Binance Labs Spinoff as Part of Developments Under New CEO
Read More »US Senators Push SEC to Pause Approval of Bitcoin ETFs, Citing Investor Safety Concerns
CoinspeakerUS Senators Push SEC to Pause Approval of Bitcoin ETFs, Citing Investor Safety Concerns Senators urged the commission to reassess the approval of additional cryptocurrency ETFs, citing potential risks for retail investors. US Senators Push SEC to Pause Approval of Bitcoin ETFs, Citing Investor Safety Concerns
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