Tag Archives: sec

In the Coinbase defense that triggered a new hearing date in July, the exchange noted that many of the tokens SEC highlighted in its allegations are outside the Commission’s purview. The long-awaited legal battle between crypto exchange Coinbase (NASDAQ: COIN) and the US Securities and Exchange Commission (SEC) has been scheduled to hold on the 13th of July. Coinbase is just one of the crypto companies under the radar of the US financial watchdog. The Commission alleges that the exchange...

Since BCH became one of the four cryptocurrencies traded on EDX, its price has continued to rise. In the last 24 hours, the crypto has spiked more than 30%, reaching $325 for the first time since April 2022. Bitcoin Cash (BCH) is experiencing a major increase in price and trading volume due to different reasons. One of the significant factors that have been said to affect its price is that Fidelity, Charles Schwab, and Citadel-backed EDX Markets introduced BCH as part of the assets...

Ledger launched an institutional-grade trading network to meet the risk management and regulatory requirements of institutions. On June 28th, crypto custody company Ledger announced the launch of “Ledger Enterprise TRADELINK”, a custodial trading network for institutions aiming to revolutionize this segment. According to Ledger, the crypto wallet company has signed contracts with several partners to carry out its new project, which eliminates unnecessary complexities in the crypto market...

The company behind the world’s largest Bitcoin fund has a 70% chance of overcoming the U.S. Securities and Exchange Commission (SEC) in a major crypto industry lawsuit, according to Bloomberg Intelligence Senior Legal Analyst Elliot Z. Stein. Given the circumstances, the firm’s analysts assign a 50% likelihood to a Bitcoin spot ETF being approved in the United States this year. Grayscale, BlackRock, and the SEC According to Stein, the optimistic outlook for Grayscale’s...

The case between Ripple and the United States Securities and Exchange Commission rages on. We’ve recently explored how the lawsuit could affect the entire crypto industry, talking to legal experts with interesting commentary on the matter. With that said, let’s have a look at some of the most recent developments as of today – June 27th, 2023. The most recent development came yesterday when the lawyer representing thousands of XRP holders – John E. Deaton – revealed that he...

The BITX being a 2x leveraged ETF can help investors to increase their profit two times faster than they would do without the leverage. The first leveraged Bitcoin futures exchange-traded fund (ETF) has received approval from the US Securities and Exchange Commission (SEC). The ETF, the Volatility Shares 2x Bitcoin Strategy (BITX), will be launched on the Chicago Board Options Exchange (CBOE) BZX Exchange on Tuesday, June 27th. ETFs can be traded on exchanges like stocks, and their...

With the U.S. Securities and Exchange Commission (SEC) launching a full offensive against crypto this year, an ongoing lawsuit against one of the agency’s first industry targets – Ripple – remains as prevalent as ever. Given recent developments, many parties close to the case believe the court’s ruling may be imminent. How might the result of the Ripple v. SEC lawsuit affect the crypto market and regulatory landscape as a whole? Let’s dive in. Recap: Ripple v. SEC In December...

The world’s largest cryptocurrency exchange – Binance – has reportedly recruited M. Kendall Day – a former prosecutor at the US Department of Justice. His main duty will be to represent the firm in the legal battle against the United States Securities and Exchange Commission (SEC). The agency waged war on Binance earlier this month, accusing it of violating several rules. According to one of the allegations, the exchange offered services with unregistered securities, such as...

Kendall Day led the department’s efforts to combat money laundering, including dealing with charges related to money laundering, deferred prosecution agreement, etc. Amid its ongoing legal fight with the US Securities and Exchange Commission (SEC), crypto exchange Binance has hired a former white-collar prosecutor of the Department of Justice (DoJ), as per the court filing on Thursday, June 22. M. Kendall Day, a partner at Gibson Dunn & Crutcher’s Washington DC office, will serve as...

The United States Securities and Exchange Commission (SEC) has given up its slot as one of the first creditors to be repaid by the insolvent crypto lending platform BlockFi. The move comes as the SEC is facing intense pressure from a legal battle against the cryptocurrency exchange, Binance. U.S. SEC Forfeits Front-Row Seat for Investors Earlier last year, BlockFi agreed to a $100 million settlement imposed by the U.S. SEC for failing to register its crypto lending products...