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LAWSUITS
SEC

Ripple files notice of cross-appeal in ongoing litigation with the SEC

Ripple Labs filed a cross-appeal against the SEC, which sued them for $1.3 billion related to XRP sales, seeking clarity on investment contract definitions.

theblock.co • 10/10/2024 - 18:46 PM

SEC

Commissioner Mark Uyeda says SEC's crypto approach has been a 'disaster'

SEC Commissioner Mark Uyeda said the agency’s crypto policies and approach “over the last several years have been just really a disaster for the whole industry.” When asked what the SEC could or should do differently, Uyeda mentioned the “need to lay out some clear guidance and interpretations on what exactly falls within and falls outside of the securities laws.”

theblock.co • 10/10/2024 - 18:27 PM

SEC

SEC charges Cumberland DRW with acting as 'unregistered dealer' in crypto transactions

The SEC charged Cumberland DRW LLC for operating as an unregistered dealer in crypto, trading $2 billion without necessary investor protections. The firm disputes these allegations.

theblock.co • 10/10/2024 - 17:08 PM

SEC

SEC charges Cumberland DRW with acting as 'unregistered dealer' in crypto transactions

The SEC charged Cumberland DRW LLC for trading $2 billion in cryptocurrencies as an unregistered dealer and labeled five cryptocurrencies as securities.

theblock.co • 10/10/2024 - 17:08 PM

SEC

Gary Gensler grilled by law students and former SEC commissioner over his stance on regulating crypto

At a fireside chat on Wednesday with former SEC Democratic Commissioner Robert Jackson Jr. at the New York University Law Institute for Corporate Governance and Finance, asked SEC Chair Gary Gensler about the agency’s approach to digital assets. Law students also pressed Gensler about whether the SEC should be more clear in its stance on crypto.

theblock.co • 09/10/2024 - 17:35 PM

Bitcoin's potential 'melt-up' to $80,000 outlined by Bitwise CIO

Matt Hougan discusses Bitcoin's potential rise above $80,000, influenced by U.S. elections, economic conditions, and crypto industry stability, projecting strong growth by 2025.

theblock.co • 09/10/2024 - 11:41 AM

SEC

Canary Capital files for a spot XRP exchange-traded fund with the SEC

Canary Capital files for a spot XRP ETF with the SEC, following Bitwise. The move indicates increasing interest in cryptocurrencies beyond Bitcoin and Ethereum amidst regulatory challenges.

theblock.co • 08/10/2024 - 21:18 PM

The Daily: Crypto.com sues SEC after receiving a Wells notice, Scroll unveils token launch plans and more

Crypto.com sues the SEC, Scroll announces token plans, Linea proposes decentralization, fan tokens surge, and US Ethereum ETFs struggle with zero flows amidst significant market movements.

theblock.co • 08/10/2024 - 17:24 PM

LAWSUITS
SEC

Crypto.com sues SEC after receiving a Wells notice from the agency

The crypto trading platform said it decided to sue the agency after receiving a Wells notice and said the SEC’s actions left them “with no other choice.” Crypto.com says its lawsuit asserts that the SEC has overexpanded its jurisdiction while also pushing back on the agency’s claim that most cryptocurrencies are securities.

theblock.co • 08/10/2024 - 13:45 PM

The Daily: Robinhood exec could lead SEC if Trump wins, 'Uptober' is back on track as bitcoin recovers and more

The article discusses potential SEC leadership under Trump, Bitcoin's recovery in October, an Ethereum proposal for increased throughput, Vitalik Buterin's donation, and Trump-Harris election odds.

theblock.co • 07/10/2024 - 17:56 PM

Currency