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federal law

Ripple Challenges Key Points in Court Ruling as SEC Seeks Extension  

cryptosheadlines06 mins

October 26, 2024 at 04:55 AM GST updated: October 26, 2024 at 02:18 AM 2 mins read News Ripple challenges the court’s previous ruling by filing a cross-appeal to revisit four central issues.   Ripple’s appeal targets clarity on “investment contract” standards and the SEC’s guidance on crypto classification.   Ripple’s Chief Legal Officer indicates no further…

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SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings

cryptosheadlines01 mins

The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive relief and…

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