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Tag Archives: sec

SEC Requests Court to Deny Coinbase’s ‘Broad’ Subpoena Request

The U.S. Securities and Exchange Commission (SEC) has asked a New York court to reject Coinbase’s subpoena, which seeks to compel the agency to produce documents related to crypto assets. The SEC described them as covering “essentially all documents that in any way relate to crypto assets.” SEC Opposes Coinbase’s Subpoena Request The motion filed on Monday represents the latest development in the legal battle between the SEC and Coinbase. The exchange is attempting to...

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BitClout Founder Al-Naji Faces Charges Over $257 Million Fraud Scheme

The US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) charged Nader Al-Naji with orchestrating a multi-million-dollar fraudulent crypto asset scheme involving the social media platform BitClout and its native token BTCLT. The securities regulator’s complaint revealed that Al-Naji raised over $257 million through unregistered offers and sales of BTCLT in November 2020. In the process, the exec allegedly misled investors by claiming the funds would...

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Strong Accumulation Demand for XRP as Ripple Price Tapped 4-Month High

XRP climbed to $0.66 on Wednesday, surging by 8% over the past 24 hours from $0.60, a level last seen in the third week of March. The latest upward price action comes amidst important developments in the XRP ecosystem and renewed investor optimism in the market as the accumulation trend intensifies. XRP Accumulation There has been a significant surge in the number of wallets holding at least 10,000 XRP over the past five weeks. According to the latest data shared by...

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