Elon Musk has announced that his social media platform, X, is gearing up to take legal action against Media Matters, according to a recent statement. Elon Musk, the owner of X (formerly known as Twitter), has announced plans to file a ‘thermonuclear lawsuit’ against media groups involved in a fraudulent attack on the social media…
IOSCO, the global securities regulator, releases key crypto rules, emphasizing investor protection and striving for a unified global regulatory framework. The International Organization of Securities Commission (IOSCO) has issued important recommendations for regulating crypto and digital asset markets. This move is a significant step towards a global framework, focusing on protecting investors and ensuring market…
In the legal battle between Ripple Labs Inc. and the SEC, talks about settling the case are changing. Judge Analisa Torres has set new dates for both parties to finish gathering information for their case. Judge Torres, following the parties’ schedules, set February 12, 2024, as the deadline for both Ripple Labs Inc. and the…
Between November 9 and November 17, there’s an eight-day period during which the SEC could potentially approve all 12 spot Bitcoin ETF applications, as suggested by Bloomberg ETF analysts James Seyffart and Eric Balchunas. The U.S. Securities and Exchange Commission has the potential to greenlight all 12 pending spot Bitcoin ETF applications over the next…
The U.S. Securities and Exchange Commission (SEC) has formally asked the Court to deny the defendants’ motion to dismiss the lawsuit, alleging fraud and securities law violations by Terra and Do Kwon. Back in February, the SEC initiated legal action, accusing TerraLabs and Do Kwon of both fraud and criminal wire charges. Terraform Labs quickly…
The US SEC has faced difficulties since the XRP lawsuit verdict in July 2023, which was not entirely in its favor. This has led to concerns about where the agency’s legal priorities lie. Ripple’s Chief Legal Officer, Stuart Alderoty, has expressed worry about the U.S. Securities and Exchange Commission’s (SEC) recent string of legal losses…
US House Committee Chair Patrick McHenry issued a statement criticizing the SEC’s excessive involvement in regulating cryptocurrency assets. In addition to their strong criticism of the U.S. Securities and Exchange Commission (SEC) for being too involved in regulating cryptocurrencies, leading Republican lawmakers are calling for the April 2022 rules related to cryptocurrency accounting issued by…
In 2022, Turkey was the second-highest globally in online searches related to crypto, as 5.5% of its population actively looked for crypto information. Turkey’s 2024 Presidential Program has revealed plans to introduce cryptocurrency regulations in the coming year. The focus is on defining crypto assets for tax purposes and legalizing crypto exchanges, although specific regulations…
Judge Failla has granted Coinbase’s motion for oral arguments in their legal dispute against the U.S. SEC concerning the judgment on the pleadings. A federal judge has granted Coinbase’s request for oral arguments in their legal battle against the U.S. SEC concerning the judgment on the pleadings. Coinbase is seeking a court ruling that transactions…
The US House Committee on Oversight and Accountability has issued a warning to Gary Gensler, who chairs the SEC (Securities and Exchange Commission). They have conveyed the possibility of taking disciplinary measures against him. The Committee has accused Gensler of hindering congressional oversight by not sharing specific documents. Chairman James Comer expressed his frustration with…