Terraform Labs, the company behind TerraUSD (UST) and Luna, has secured court approval to wind down operations in bankruptcy after settling with the United States Securities and Exchange Commission (SEC). According to a Reuters report, the wind-down plan was approved by US Bankruptcy Judge Brendan Shannon, who called it a “welcome alternative” to further litigation over investors’ losses. The approval marks the final step in Terraform’s bankruptcy proceedings. Terraform Legal...
Read More »Securitize Names Wormhole as Official Interoperability Partner for Tokenized Assets
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Read More »Ripple Labs-backed XRP on Brink of Macro Bullish Breakout Fueled by Whale Investors
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Read More »Indian Supreme Court under Cyber Attack as Hackers Hijack YouTube Channel to Promote XRP
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Read More »Ripple v. SEC Lawsuit Recap September 18th
TL;DR Ripple’s legal battle with the SEC nears a potential conclusion after Judge Torres ordered the company to pay a reduced $125 million fine. The firm recently requested a stay on the payment, sparking speculation about a possible SEC appeal before the October 6 deadline. Experts suggest this move could buy time for further legal maneuvers. The Calm Before the Storm? The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing for almost...
Read More »Pudgy Penguins CEO Luca Netz Dismisses SEC’s NFT Crackdown as ‘Nonsense’
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Read More »Pro-Ripple Lawyer to Continue SEC Fight Over $15B XRP Investor Losses
Massachusetts Republican Senate candidate John Deaton has indicated his intention to hold the U.S. Securities and Exchange Commission (SEC) accountable for its role in wiping out $15 billion from XRP retail investors. In a September 16 interview on the “Good Morning Crypto Show,” the lawyer made it clear that he’s ready to continue his battle with the SEC until retail investors receive the compensation they deserve. XRP Investors Left Behind by SEC Actions Deaton, who...
Read More »Ripple Labs-backed XRP on Cusp of Major Bullish Breakout Fueled by Rising Whale Activity
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Read More »SEC Crypto Enforcement Actions Surged 3,000% to $4.7 Billion in 2024: Report
The U.S. Securities and Exchange Commission (SEC) has ramped up its enforcement actions against the cryptocurrency sector in 2024, imposing nearly $4.7 billion in fines. This figure represents a 3,018% increase from the $150.3 million in fines issued in 2023. Record Breaking Settlement According to a report from Social Capital Markets, 2024’s figures are largely attributed to the SEC’s $4.47 billion settlement with Terraform Labs and its former CEO, Do Kwon, in June making it...
Read More »This Exchange Will Stop Trading Almost All Crypto Assets After $1.5M SEC Settlement
Within the next six months, the United States arm of the financial services company, eToro, would cease trading almost all crypto assets on its platform due to a new order from the Securities and Exchange Commission (SEC). According to a press release from the SEC, eToro has violated federal securities laws since at least 2020. As a result, the exchange would pay a fine of $1.5 million and make a limited set of cryptocurrencies available for trading. SEC Announces Settlement...
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