A U.S. Securities and Exchange Commission (SEC) commissioner has called the agency’s approach to cryptocurrency regulation a “disaster,” highlighting the SEC’s reliance on enforcement without clear guidance. He criticized the lack of regulatory clarity, which has led to conflicting court rulings, and emphasized the need for clearer distinctions on what falls under securities law. SEC’s…
Crypto derivatives exchange Bitnomial is suing the U.S. Securities and Exchange Commission (SEC) over its authority to regulate XRP futures, challenging the classification of XRP as a security. The exchange, overseen by the Commodity Futures Trading Commission (CFTC), contests the SEC’s claim that XRP futures are “security futures” and aims to set a precedent affecting…
The U.S. Securities and Exchange Commission (SEC) has charged multiple market makers and individuals with manipulating crypto asset markets, alleging they created fake trading activity to mislead retail investors. These schemes, including practices like wash trading, aimed to fabricate the illusion of active trading, violating securities laws. The SEC seeks penalties, including bans and disgorgement,…
Ripple’s cross-appeal aims to address and solidify key legal arguments, demonstrating their proactive strategy against the SEC’s ongoing regulatory actions. Despite the legal challenges, positive trading data for XRP suggests strong community support and market confidence in Ripple’s ongoing legal stance. Speculation around the SEC vs. Ripple case has intensified, as recently highlighted by CNF….
The SEC has amended its complaint against Binance, Binance.US, and Changpeng Zhao, revising its stance on classifying certain crypto assets, acknowledging that tokens like SOL, ADA, and MATIC are not inherent securities. The SEC now clarifies that “crypto asset securities” refer to the contracts and agreements tied to token sales, not the tokens themselves. The…