TL;DR Ripple and SEC are entering a new phase in their lawsuit, with filings and appeals extending the case. Bitcoin briefly surged past $68,000, fueling optimism about a potential bull run with some analysts predicting new all-time highs. Dogecoin soared to almost $0.13, attracting attention with some bold but unlikely forecasts for further gains. What…
The legal battle between Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC) has intensified, with new developments shaping the case. Ripple-supported Bitnomial Exchange faces more courtroom time after being named in a new lawsuit against the SEC, asserting that XRP futures were ‘security futures.’ The SEC is coming down hard on XRP and…
Market News Coinbase has filed for partial summary judgment against the SEC over its three-year delay in cryptocurrency classification requests. The motion seeks to compel the SEC to disclose documents on its stance regarding cryptocurrencies like Ether. The leading crypto exchangeCoinbase is taking a bold step against the U.S. Securities and Exchange Commission (SEC) by…
Coinbase has filed a motion in a Washington, D.C. court asking for partial summary judgment to obtain internal SEC documents. The lawsuit calls for the SEC to hand over records about its approach to enforcing against cryptocurrency. Coinbase argued the records are crucial to understanding regulatory expectations. In response to the request, the SEC claimed…
Nate Geraci, President of the ETF Store, recently stated that he believed Donald Trump winning the U.S. elections could help XRP ETFs move forward. On the Thinking Crypto podcast, Geraci said Trump’s promise to create a more crypto-friendly regulatory climate may result in the U.S. Securities and Exchange Commission taking a favorable view of XRP…
TL;DR The SEC must clarify its appeal in the Ripple case by October 17, with the full briefing process potentially extending to July 2025. Despite the ongoing legal battle, analysts remain hopeful about XRP’s future, especially if Bitcoin’s price rallies. What’s Next? The lengthy legal battle between Ripple and the US Securities and Exchange Commission…
October 16, 2024 at 11:10 AM GST updated: October 16, 2024 at 11:05 AM 2 mins read News Canary Capital plans to launch the first-ever Litecoin ETF, offering institutional investors easier access. The proposed ETF will track Litecoin’s price, reducing risks for investors while simplifying crypto exposure. Litecoin’s proven stability and uptime make it a…
October 16, 2024 at 06:30 AM GST updated: October 15, 2024 at 08:39 PM 2 mins read News Institutional interest in XRP surged 266%, driven by Ripple’s legal progress. XRP investments rose from $0.3M to $1.1M, showing growing confidence. Ripple’s legal victories and bullish technicals support optimism for XRP’s future growth. Institutional interest in Ripple…
Price movement of XRP has been slow recently; it stays about $0.53 and shows a 7% drop over the previous month. Many investors are becoming frustrated as they see the altcoin stagnating after a bit of an increase recently. Despite the weak performance, technical analysts are starting to see possible signals of a major change…
TL;DR Ripple’s legal battle with the SEC continues, with key rulings in August and ongoing appeals. Speculation surrounds Ripple’s Swell event in Miami, with potential major announcements that could impact XRP’s price. Recent Updates and Possible Developments Despite the numerous court rulings in the past several months, the legal battle between Ripple and the US…
Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing the regulator’s authority over XRP futures. The case adds to…
FTX and its sister firm Alameda faced the largest crypto-related enforcement by US regulators, with a staggering $12.7 billion in combined settlement charges. According to CoinGecko’s findings, this amount tops the list of penalties imposed on cryptocurrency companies, highlighting the regulatory focus on the now-bankrupt exchange. Meanwhile, Binance’s $4 billion settlement is notable as the…
Three crypto companies and 15 individuals have been charged with extensive fraud and market manipulation. This follows an unprecedented investigation by the US Federal Bureau of Investigation (FBI), which involved creating a new digital token to help expose criminal activity in the sector. Federal prosecutors in Boston announced charges against Gotbit, ZM Quant, and CLS…
October 13, 2024 at 05:48 PM GST updated: October 13, 2024 at 04:16 PM 2 mins read News John E. Deaton’s fight for XRP holders highlights ongoing tensions between the SEC and digital asset regulation. Bitnomial’s lawsuit aims to protect XRP futures contracts from SEC overreach, challenging their jurisdiction. Recent rulings reinforce that XRP is…
Ripple has escalated its legal battle with the U.S. Securities and Exchange Commission (SEC), filing a cross-appeal to challenge unresolved issues around XRP sales. This comes after the SEC sought to overturn parts of the rulings that cleared Ripple’s retail XRP transactions from securities violations. Ripple’s latest move aims to ensure the SEC’s arguments on…
October 12, 2024 at 02:20 PM GST updated: October 12, 2024 at 01:33 PM 2 mins read News Chris Larsen’s crypto donation to Kamala Harris signals rising influence of digital assets in U.S. politics. Crypto policies are a key issue in the 2024 election, with both Kamala Harris and Donald Trump accepting crypto. Future Forward…
October 11, 2024 at 07:15 PM GST updated: October 11, 2024 at 05:58 PM 5 mins read Press Release As regulatory pressure tightens in the crypto world, not all digital assets are faltering. Some alternative coins are showing resilience and promise for substantial growth. This article uncovers three cryptocurrencies poised to thrive despite the increasing…
A new lawsuit by derivatives trading platform Bitnomial shows that the SEC moved to restrict it from issuing futures contracts for XRP, alleging it’s a security. The SEC’s encroachment came despite a direct ruling that XRP wasn’t a security and the agency’s commitment not to appeal the ruling. When Judge Analisa Torres issued the final…
Bitnomial, a crypto derivatives exchange based in Chicago, has taken a bold step by filing a lawsuit against the U.S. Securities and Exchange Commission (SEC). The exchange is contesting the SEC’s claim that XRP futures should be classified as “Security Futures.” This legal move comes on the heels of another lawsuit from Crypto.com, which accuses…
In what is a rather surprising development for the ongoing legal battle, Ripple has filed a notice of cross-appeal in its lawsuit with the US Securities and Exchange Commission (SEC). The filing takes place after the SEC sought an appeal In early October, as the two sides are expected to face off in court yet…
Bitnomial challenges SEC’s classification of XRP as a security. The SEC filed a notice of appeal in the Ripple case last week. Bitnomial, a Chicago-based cryptocurrency derivatives exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The filing challenged the assertion of the SEC that XRP futures should be classified as…
The SEC has taken legal action against Cumberland DRW, alleging that the firm has been operating as an unregistered securities dealer in the crypto space since 2018. Cumberland has vehemently denied these accusations, labeling the SEC’s tactics as “enforcement-first” and likening the situation to a legal “Catch-22.” At the heart of the matter is a…
Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading investors. Authorities claim the company falsely asserted SEC registration and used illegal multilevel marketing tactics, posing…
TL;DR Judge Torres ruled XRP’s secondary sales aren’t securities, but Ripple was fined $125M. The company filed a cross-appeal after the SEC contended, adding more legal uncertainty. XRP saw a slight recovery to $0.54 but remains down in the past two weeks. The Latest Update The legal tussle between Ripple and the US Securities and…
SEC Commissioner Mark Uyeda said the agency hasn’t provided guidance on securities laws His comments come as Crypto.com sues the SEC for overreaching its regulatory authority over crypto after receiving a Wells notice A US Securities and Exchange Commission (SEC) commissioner has said that the agency’s approach to crypto has been a “disaster for the…
October 11, 2024 at 02:20 PM GST updated: October 11, 2024 at 12:25 PM 2 mins read News SEC’s enforcement without clear guidelines has caused confusion and inconsistent court rulings in crypto cases. Crypto firms like Crypto.com and Coinbase are challenging the SEC’s broad classification of digital tokens. Uyeda calls for clearer regulations, stressing the…
Bitnomial has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five commissioners, accusing the agency of overextending its jurisdiction. The company’s case disputes the SEC’s classification of XRP as a security, which the agency claims qualifies as an investment contract under the Securities Exchange Act. The Case Details The Chicago-based…
October 11, 2024 at 01:45 PM GST updated: October 11, 2024 at 12:36 PM 2 mins read News The SEC’s lawsuit against Cumberland DRW shows ongoing rules enforcement in the crypto industry, similar to past cases with Binance. Ripple’s CEO criticized the SEC’s tough actions, showing growing frustration among crypto companies about regulations. Despite the…
October 11, 2024 at 11:15 AM GST updated: October 11, 2024 at 11:09 AM 2 mins read News Ripple files cross-appeal, contesting $125M fine and ensuring key legal points are addressed in the SEC case. Ripple challenges SEC’s effort to overturn the ruling that XRP sales on secondary markets aren’t securities. CEO Brad Garlinghouse confident…
Bloomberg Intelligence analyst James Seyffart forecasts options on US Bitcoin exchange-traded funds (ETFs) could launch as soon as early 2025. Following the SEC’s recent authorization to list options to BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), this prediction. The launch, however, requires the final blessing of the Commodity Futures Trading Commission (CFTC) and…
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…
Ripple Labs filed its cross-appeal in the US Court of Appeals for the Second Circuit The company is attempting to contest an August 7 judgement made by Judge Analisa Torres The SEC v Ripple Labs is a case that dates back to 2020 Ripple Labs has filed a cross-appeal in its ongoing litigation battle against…
Este artículo también está disponible en español. The crypto ETF market is expanding at an alarming rate, with news of a second XRP Exchange Traded Fund (ETF) filing spreading across the space. Canary Capital, a boutique Sydney investment and corporate advisory firm has just filed an XRP ETF, following Bitwise’s lead. With the new ETF…
SEC has sued market maker Cumberland over offering and sale of unregistered securities. The regulator says Cumberland violated the US securities laws by operating as an unregistered dealer. The US Securities and Exchange Commission has sued Cumberland DRW LLC, a Chicago-based crypto market maker, for acting as an unregistered securities dealer. SEC said in a…
In the last two years, crypto projects and exchanges have had to agree to huge settlements with regulators in the United States. The agency leading in most of these crackdown moves on crypto firms is the US Securities and Exchange Commission (SEC). The Commodity Futures Trading Commission (CFTC) has also spelled out settlement details for…
Canary Capital is filing a Ripple (XRP) exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). Bitwise has filed for a similar ETF with S-1, and this follows. The filing indicates growing institutional interest in cryptocurrency assets beyond Bitcoin and Ethereum. The CME CF Ripple dollar reference rate will be used as a daily…
Crypto.com has filed a lawsuit against the SEC following a Wells Notice. The lawsuit claims that the SEC is overstepping its regulatory authority by classifying most crypto transactions as securities. After receiving a Wells Notice, Crypto.com is pushing back against the U.S. Securities and Exchange Commission (SEC). According to the report, the crypto exchange filed…
Canary Capital has filed for spot XRP ETF with the U.S. SEC. The firm became the second to pursue the product after Bitwise. Canary Capital, a digital asset investment firm, has officially filed a registration for a spot XRP ETF with the U.S. Securities and Exchange Commission (SEC). The firm initiated this move a week…
October 9, 2024 at 01:20 PM GST updated: October 9, 2024 at 12:36 PM 2 mins read News Bitcoin consistently outperforms traditional assets in Q4, with a 23.31% average return from 2012 to 2023. Regulatory support, like SEC’s Bitcoin ETF approval, has bolstered Bitcoin’s appeal and accessibility to investors. Bitcoin’s Q4 performance remains strong across…
The XRP Army is ramping up efforts to push back against the U.S. Securities and Exchange Commission (SEC)’s appeal in the Ripple lawsuit, calling it unnecessary and damaging to the cryptocurrency market. XRP supporters claim that the SEC’s actions create instability in the crypto sector, directly contradicting the agency’s mission. XRP Army’s Petition Calls for…
Canary Capital Group LLC has officially submitted a registration with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP ETF, aimed at providing investors with exposure to XRP. The exchange-traded fund (ETF) is designed to give investors an option other than directly holding XRP, making access easier through traditional brokerage platforms. Canary…
October 8, 2024 at 08:28 PM GST updated: October 8, 2024 at 05:40 PM 2 mins read News Dan Gallagher may become the next SEC Chair if Trump wins, potentially driving a more balanced regulatory approach to crypto. Robinhood faces an SEC probe for crypto activities, and Gallagher is dismissing the lawsuit as weak due…
Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the regulator’s authority over the sale of digital assets on secondary markets. The lawsuit, filed in the United States District Court for the Eastern District of Texas, alleges that the SEC is unlawfully extending its jurisdiction to include most digital tokens…
com has sued the SEC for overreaching its regulatory authority over crypto. The lawsuit challenges SEC rules categorizing most crypto transactions as securities. com seeks clarity on crypto derivatives through a petition with the CFTC. Crypto.com has today filed a lawsuit against the US Securities and Exchange Commission (SEC) in response to a Wells notice…
In a rather surprising development, cryptocurrency exchange Crypto.com has officially received a Wells Notice from the US Securities and Exchange Commission (SEC). Indeed, the exchange confirmed the notice was received in a recent announcement that they have filed a lawsuit against the agency. The company stated that the notice clearly shows the agency’s “unauthorized and…
October 8, 2024 at 05:10 PM GST updated: October 8, 2024 at 05:06 PM 2 mins read News Tim Draper revises his Bitcoin prediction, now forecasting a $250K price by 2025, citing regulatory delays. SEC crackdowns on Binance and Coinbase slowed Bitcoin’s progress, says Draper, but he remains bullish long-term. Cathie Wood and Mike Novogratz…
The Bitcoin (BTC) rewards app Fold has submitted its S-4 filing to the U.S. Securities and Exchange Commission (SEC), initiating the process for an initial public offering (IPO). The filing follows an announcement in July that it plans to go public through a merger with FTAC Emerald Acquisition Corp. Details of the Merger The filing…
Robinhood’s Chief Legal Officer, Dan Gallagher, is emerging as a leading contender to head the SEC if Donald Trump wins the presidency. “He’d be a natural choice,” one former senior SEC official told Politico, which cited a dozen former top regulators, lobbyists, and securities lawyers. Talkshow host Steven Steele commented that this would be huge…
TL;DR The SEC appealed Judge Torres’s recent ruling, causing a sharp drop in the asset’s price. The XRP community launched a petition against the SEC’s contend, but it lacks the legal power to stop the ongoing legal process. The XRP Community is Not Pleased The nearly four-year-old legal battle between Ripple and the US Securities…
October 8, 2024 at 11:40 AM GST 2 mins read News Fold submits SEC S-4 filing, advancing its plan to go public via a merger with FTAC Emerald Acquisition Corp. Stockholders to receive up to $419.75M in Fold stock, contingent on Bitcoin’s price at merger closing. Fold plans to expand its Bitcoin services, including larger…