Dan Gallagher, Robinhood’s CLO and former SEC commissioner, is seen as the top candidate for the next SEC Chair. Hester Peirce, known as crypto mom, is a popular choice but has stated she’s not interested in the SEC Chair role. With Donald Trump’s recent U.S. presidential win, the global crypto community is buzzing with expectations…
After the historical victory of Donald Trump in the recent presidential elections has sparked my debates about the promises that he made during his election campaign. During his speech at Nashville this year in July 2024, he stated that he would fire the chair of the Securities and Exchange Commission of the United States for…
Coinbase CEO Brian Armstrong has voiced his support for Securities and Exchange Commissioner (SEC) Hester Peirce‘s appointment to lead the agency during President Donald Trump‘s second term. Armstrong’s comments, shared on Nov. 8 through a post on X, described Peirce as “smart, fair, professional,” and capable of bridging both sides of the political spectrum. He…
TL;DR Lawyers suggest that the lawsuit might be resolved with a potential $125 million settlement if the SEC leadership changes. One of them believes that a complete dismissal of the case is “unrealistic.” A Possible Resolution Next Year? The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) dates back to 2020, when…
After the departure of Gensler, the upcoming chairperson is anticipated to introduce new laws and well as modify current securities laws. Regardless of the pledge taken by Trump to fire Gensler as soon as possible, it now directs to whether the chairperson will give his resignation on the inauguration day or not. The citizens have…
Following Donald Trump’s win, the cryptocurrency community is eagerly awaiting news about the new chair of the Securities and Exchange Commission (SEC). One of Trump’s promises to the industry was to replace Gary Gensler, the chairman of the SEC with someone more liberal towards the cryptocurrency market. While there are several conjectures about who would…
Significant changes are on the horizon for the SEC, predicts Coinbase’s legal chief, who foresees a Trump-led agency narrowing its focus to fraud instead of sweeping industry crackdowns. SEC Faces Reckoning — Crypto Industry Awaits New Dawn in Washington Coinbase Chief Legal Officer Paul Grewal foresees “significant changes” to the U.S. Securities and Exchange Commission…
November 8, 2024 at 03:45 AM GST updated: November 8, 2024 at 01:41 AM 2 mins read News SEC’s motion against Kraken targets “fair notice” and “major questions doctrine” defenses. Kraken argues need for clarity in SEC’s crypto regulations as legal battle continues. SEC aims to expedite proceedings, citing efficiency and resource conservation. The US…
Tron founder Justin Sun has offered Gary Gensler, the beleaguered chair of the U.S. Securities and Exchange Commission (SEC), a job. The offer came to light in a recent X post, in which Sun expressed his willingness to hire Gensler provided he could “genuinely treat the crypto industry with sincerity.” SEC Chair Gets a Lifeline…
The cryptocurrency industry has faced immense hurdles in the United States. This struggle is mostly attributed to the nation’s lack of clear laws. There has been a power struggle among several agencies in the government. The Securities and Exchange Commission (SEC) stands out for a lot of reasons. With Donald Trump taking over the US…
Kraken’s legal team, led by attorney Michael O’Connor, has criticized the US Securities and Exchange Commission (SEC) for its latest attempt to dismiss critical defenses raised by the exchange in their ongoing legal battle. On Nov. 6, O’Connor shared a statement on X, condemning the SEC’s approach as an attempt to “avoid discovery” into what…
November 7, 2024 at 07:50 PM GST updated: November 7, 2024 at 07:37 PM 2 mins read Crypto Live News SEC challenges Kraken’s claims of unclear crypto regulations in court, seeking to dismiss key defenses. Court denies Kraken’s major questions defense, supporting SEC’s view on securities law applicability. SEC seeks to limit discovery scope in…
Galaxy Digital CEO Mike Novogratz has publicly endorsed Hester Peirce as the next Chair of the U.S. Securities and Exchange Commission (SEC), highlighting her advocacy for clear and balanced cryptocurrency regulations. Peirce, who has criticized how the current SEC Chair, Gary Gensler, runs the agency, has pushed for a ‘transparency framework’. Novogratz and other crypto…
The SEC Chair is expected to be replaced soon as promised by Donald Trump. The regulatory body has been taking a hostile approach towards crypto regulations over the past years. A change in leadership, especially a nationwide one can instigate a wave of changes. With new presidential terms incoming in the USA, its leading crypto…
Gary Gensler’s SEC has conducted one of the most aggressive regulatory crackdowns on the crypto industry in US history, viewing most digital assets as unregistered securities under decades-old finance laws. However, the recent Republican landslide at the polls could result in a rollback of enforcement action from the securities regulator, according to Bloomberg. Additionally, President…
Tron founder Justin Sun has extended a public job offer to Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC). Gensler’s invitation to work with Sun comes when tensions between the SEC and the cryptocurrency industry are rising. Parts of the sector are criticizing Gensler for his lack of regulatory action. It’s…
Paul Grewal, Coinbase’s Chief Legal Officer (CLO), has called on the U.S. Securities Exchange Commission (SEC) to take faster action on crypto regulation for digital assets. Grewal’s recent social media post reflects widespread frustration with the SEC’s current regulatory stance. This follows SEC’s series of enforcement actions against major players, including Coinbase and Kraken, for…
Market News Galaxy CEO Mike Novogratz thinks she would be a great pick to lead the US SEC. For her outspoken support of cryptocurrency, she is known as “Crypto Mom”. Commissioner Hester Peirce has been outspoken in her criticism of SEC Chairman Gary Gensler’s strategy of regulating the cryptocurrency business via litigation rather than regulation….
The XRP community is optimistic that Donald Trump’s re-election will lead to a more favorable regulatory environment for cryptocurrencies, potentially facilitating the approval of an XRP ETF and resolving the ongoing SEC lawsuit. Ripple CEO Brad Garlinghouse advocates for immediate reforms, including the removal of SEC Chair Gary Gensler, aiming to bring clarity to XRP’s…
The votes are in, and it’s now official that the 47th US President will be the 45th one – Donald J. Trump. Now, the crypto industry will wait to see if he will follow through on his multiple promises to let it thrive and support it in various ways. One of those promises made during…
Binance’s legal team filed a motion to dismiss the SEC’s amended complaint. Previous court rulings support that crypto assets are not inherently securities. Binance and its former CEO, Changpeng “CZ” Zhao, have filed a motion to dismiss the SEC’s amended complaint against them. The motion, submitted on Nov. 4, accuses the SEC of failing to…
Binance and its founder, Changpeng Zhao, have filed a motion to dismiss the US Securities and Exchange Commission’s (SEC) amended complaint. In a Nov. 4 court filing, Binance and Zhao’s legal team argued that the SEC has only superficially acknowledged a prior court ruling, which clarified that crypto is not inherently classified as a security….
Binance seeks to dismiss the SEC’s amended complaint that targets AXS, FIL, ATOM, SAND, MANA and BNB. The SEC alleges these tokens are securities, which Binance disputes as flawed. The legal battle could set crucial precedents for the regulation of cryptocurrencies. Binance, the world’s largest cryptocurrency exchange, and its former CEO, Changpeng Zhao, have filed…
TL;DR Ripple-SEC lawsuit continues, with the next key filing due by January 2025. Bitcoin’s price recently surged to nearly $73,600 before dropping to around $67,400, potentially influenced by political factors. Ethereum plunged from $2,700 to $2,400, with analysts watching key support levels. The Prolonged Lawsuit The legal battle between Ripple and the US Securities and…
Coinbase CEO Brian Armstrong has called for the next US Securities and Exchange Commission (SEC) chair to address the agency’s perceived inconsistencies in its approach to digital assets. Armstrong’s criticism stems from the securities regulator’s shifting stance throughout the years which has caused frustration within the community. SEC’s Contradictions on Crypto His tweet, which accompanied…
Exchange News Coinbase reveals FDIC’s advisories against banks offering crypto services. Legal actions highlight demand for transparency in cryptocurrency regulation. Coinbase has revealed troubling findings about the Federal Deposit Insurance Corporation (FDIC), uncovering over 20 instances where the regulator advised banks to avoid providing crypto-related services. This information emerged following the exchange’s recent Freedom of…
Web3 gaming company Immutable faces a potential lawsuit from the SEC over its IMX token sale. Regulation by Enforcement Web3 gaming company Immutable announced on Nov. 1 that it had been issued a Wells notice by the U.S. Securities and Exchange Commission (SEC). The notice alleges, but does not specify, violations of securities laws and…
Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov. 1, 21Shares submitted an S-1 form to register its Core XRP Trust shares for listing on the Cboe BZX Exchange. Coinbase, the largest crypto exchange…
Crypto firms spent $400 million on SEC enforcement actions since April 2021. Two-thirds of voters want clearer SEC guidelines for crypto regulation. The U.S. digital asset sector has faced mounting costs exceeding $400 million in dealing with enforcement actions brought by the Securities and Exchange Commission (SEC) under Chair Gary Gensler. The Blockchain Association highlighted…
The US Securities and Exchange Commission (SEC) has issued a “Wells Notice” to Immutable, a blockchain gaming platform. It joins a list of prominent Web3 companies targeted by the agency’s regulation-by-enforcement approach. Following the news, the price of IMX token declined by more than 14% in the last 24 hours, falling below $1.40. Abrupt Wells…
The United States Court of Appeal for the Second Circuit has ordered the U.S. Securities and Exchange Commission (SEC) to file its principal appeal brief against Ripple Labs before January 15, 2025. This comes after the agency requested a deadline extension until the said date. No More Delays Initially, the SEC missed its submission deadline…
After Immutable got a Wells notice from the SEC, it occupied itself in a ten-minute call with the agency. Talking about Wells notice, it is an official letter issued by the Securities and Exchange Commission that notifies a body that the regulator is seeking an enforcement action. Before issuing the Wells notice, the company had…
Immutable claims the notice is “targeting the listing and private sales of IMX in 2021 Immutable joins the likes of Coinbase Crypto.com, and OpenSea who have received Wells notices from the SEC The notice is said to have contained less than 20 words of material explanation Immutable has been issued with a Wells notice from…
The Blockchain Association, a leading crypto advocacy group, reported that its member firms have collectively spent over $400 million addressing enforcement actions initiated by the US Securities and Exchange Commission (SEC) under chair Gary Gensler. In an Oct. 31 statement, the association highlighted that Gensler’s SEC has filed 104 enforcement actions against players in the…
Coinbase’s CEO calls on the next SEC chairman to drop “frivolous cases” and apologize to the American people for past actions, citing inconsistent crypto regulations. ‘Withdraw Cases, Apologize’: Coinbase CEO’s Challenge to Future SEC Leadership Coinbase CEO Brian Armstrong criticized the U.S. Securities and Exchange Commission (SEC) for its handling of crypto regulation in a…
Consensys, the blockchain development firm behind the popular MetaMask crypto wallet, has decided to lay off over 160 employees. The move impacts 20% of its total workforce. According to founder and CEO Joe Lubin, this decision was driven by macroeconomic challenges and substantial legal costs incurred during the company’s extended regulatory battles. Job Cuts at Consensys…
Consensys has laid off 20% of its workforce due to regulatory and legal pressures with the SEC. The layoffs are part of Consensys’ strategy to streamline operations and advance its decentralized “Network State” vision. Consensys, the developer of the MetaMask wallet, has laid off 20% of its workers, which equates to approximately 160 employees. Rising…
The cryptocurrency market is full of unprecedented news in a recent development dYdX’s Chief Executive Officer announced on October 30 that the decentralized exchange platform has reduced its core workforce by 35%. In an X post dated October 29, 2024, Antonio Juliano notes, “I’ve made the incredibly difficult and sad decision to move on from…
SEC Chair Gary Gensler, facing bipartisan pressure and Trump’s vow to remove him, defended the agency’s regulation by enforcement. SEC Chair Stands Firm: ‘We’re Going to Continue to Do That Which We Do Well’ U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has reaffirmed his regulatory approach despite calls for his dismissal and former…
Coinbase CEO Brian Armstrong has called on the next Chair of the US Securities and Exchange Commission (SEC) to dismiss the agency’s “frivolous” cases against crypto firms and publicly apologize to the American people. In an Oct. 29 post on X, Armstrong highlighted inconsistencies in the SEC’s approach to the crypto sector, which he argues…
October 28, 2024 at 11:50 AM GST updated: October 28, 2024 at 10:36 AM 3 mins read News A GOP win could reshape the U.S. crypto landscape, potentially dimming memecoin hype by relaxing regulatory pressures. Experts suggest that looser regulations could shift focus from hype-driven memecoins to tokens with real-world utility. Regulatory crackdowns fuel memecoins…
October 27, 2024 at 03:15 PM GST updated: October 27, 2024 at 11:42 AM 2 mins read Crypto Live News Warriors partner with Coinbase, bringing blockchain engagement to fans despite ongoing legal hurdles. Coinbase strengthens NBA ties, launching giveaways and fan perks through the Warriors partnership. Crypto sponsorships rebound as Coinbase and Warriors reshape blockchain’s…
SEC filings revealed Emory holds 2,678,906 ETF shares as of September 30. This marks the first public Bitcoin investment by an American university. Emory University recently reported a notable $15 million investment in the Grayscale Bitcoin Mini ETF, marking it as the first American university to publicly disclose Bitcoin holdings. According to filings with the…
Ripple has filed a cross-appeal against the SEC, with its legal chief insisting that XRP’s non-security status remains untouchable due to strict court review limits. Ripple’s Legal Battle With SEC Over XRP Continues Ripple’s chief legal officer, Stuart Alderoty, announced on social media platform X on Thursday that Ripple has submitted Form C to outline…
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…
Ripple Labs has filed a Form C cross-appeal in the U.S. Court of Appeals for the Second Circuit as part of its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The company seeks to reverse certain parts of a prior ruling concerning specific XRP token institutional sales, which were considered securities, and…
Thailand’s SEC proposes regulations for institutional investment in crypto assets. Binance Thailand’s CEO sees the shift as essential for crypto market maturity. Thailand’s crypto landscape is seeing a significant transformation, moving from a retail-driven market to one focused on institutional investment, according to Binance Thailand CEO Nirun Fuwattananukul. In a recent opinion piece for the Bangkok…
Este artículo también está disponible en español. Microsoft is preparing for a critical shareholder meeting on December 10, during which the future of Bitcoin as a potential investment will be a heated topic. At present, Bitcoin is trading at approximately $68,115, which represents an increase of approximately 1.22%. The rise in interest aligns with constant…
Stuart Alderoty, Ripple’s chief legal officer, said “the SEC can’t submit new evidence or ask us to produce more” Ripple’s Form C requests that each issue is subjected to a de novo standard of review Ripple’s cross-appeal follows a week after the SEC filed its cross-appeal against a previous ruling that partially favored Ripple Ripple…
Ripple submitted the filing for Form C of a Cross appeal ahead of the deadline coming to an end. The Ripple Vs. SEC lawsuit has been prolonged for more than four years, having started in 2020. The crypto market has shown positive price actions in the past 24 hours much to the relief of community…