Ripple’s Brad Garlinghouse and Chris Larsen have been reported to appear at the upcoming annual Fintech conference hosted by the Federal Reserve Bank of Philadelphia. Before this, Ripple’s flagship event – the Swell conference, would be hosted with several industry key players expected to discuss the future of the crypto industry. The price of XRP…
John E. Deaton, a vocal advocate of the XRP cryptocurrency, recently downplayed expectations of the US SEC pursuing an appeal in its case with Ripple Labs. Deaton’s comments were followed by a moderate decline in XRP price, demonstrating uncertainty among investors. Secondary XRP Sales Ruling Set for October 7 The Ripple vs SEC lawsuit has…
September 28, 2024 at 11:50 AM GST updated: September 28, 2024 at 11:26 AM 2 mins read News A fake WalletConnect app on Google Play Store stole $70,000 in cryptocurrency from over 150 users. The fraudulent app mimicked WalletConnect’s name and logo, misleading users and redirecting them to a phishing website. Despite being downloaded 10,000…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Wyoming Senator Cynthia Lummis, a long-time advocate for digital assets, has openly criticized the U.S. Securities and Exchange Commission (SEC) for its handling of cryptocurrency regulation. During a recent CNBC interview on Squawk Box, Lummis pointedly called out SEC Chair Gary Gensler for his enforcement-heavy strategy, stating that his…
On September 27, 2023, the US Securities and Exchange Commission (SEC) made headlines by charging Mango DAO and the Blockworks Foundation for their involvement in the sale of unregistered crypto assets. The focus of the SEC’s complaint was on MNGO, the governance token associated with Mango Markets, which the SEC claims was sold without proper…
The U.S. Securities and Exchange Commission (SEC) has filed charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for offering unregistered securities. The case centers around the sale of MNGO tokens and the operation of Mango Markets without proper registration. Mango Markets Hit With SEC Charges The SEC alleges that since August 2021, Mango…
SEC announced it settled with Mango Markets over sale of unregistered tokens in $70 million coin offering Mango DAO, Blockworks Foundation have agreed to pay $700,000 in civil penalties. The settlement will also see Mango Markets destroy the MNGO tokens and request exchanges to delist them. The US Securities and Exchange Commission announced on Sept….
Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), believes there have been significant changes in the financial market requiring upgraded definitions of exchanges and alternative trading platforms. During the 10th Annual U.S. Treasury Market Conference on September 26, Gensler highlighted the shifts in the capital markets since the SEC first…
TL;DR Ripple secured a partial win against the SEC, but the regulator has until October 7 to appeal the decision. XRP’s price holds steady at $0.59, with some predicting an astronomical surge in the near future. What Could be Next? The legal battle between Ripple and the Securities and Exchange Commission (SEC) goes on. Back…
Almost every established bank is nowadays willing to enter the cryptocurrency market following the surge in adoption worldwide. DBS Bank & Citi Bank are among the leading traditional financial intuition offering several crypto based services to maintain their dominance in the global financial market. It is reported that the U.S Securities and Exchange Commission (SEC)…
Mark Cuban claims that Gensler is “awful” for crypto and all businesses Cuban highlighted Harris’s promise to advance technologies such as AI and blockchain Lawyer John Deaton said Cuban would be a “breath of fresh air” unlike the “lawlessness of Gary Gensler” as head of the SEC Billionaire entrepreneur Mark Cuban has said he’d be…
Billionaire Mark Cuban says that Vice President Kamala Harris’ team has told him “in no uncertain terms that they are against ‘regulation through litigation.’” He criticized U.S. Securities and Exchange Commission (SEC) Gary Gensler’s regulation by enforcement approach, asserting: “Gary Gensler is a blight on the technology community.” Mark Cuban Slams SEC Chair Over Crypto…
The SEC has approved the Bank of New York Mellon Corp (BNY)’s custody of crypto assets beyond crypto ETFs. SEC Chair Gary Gensler revealed the revelation Thursday following a speech in front of the Fed of New York. The BNY Bank controls $2 trillion in crypto assets and has now been approved by the Securities…
BNY Mellon, one of the world’s largest custodian banks, is seeking to offer custody services for bitcoin and ether to exchange-traded product (ETP) clients. The bank is also eyeing large-scale growth in the crypto space, with plans to seek more regulatory approvals to capitalize on the lucrative crypto custody market. BNY Mellon Pushes Forward With…
September 27, 2024 at 01:15 AM GST updated: September 27, 2024 at 01:18 AM 2 mins read News Curve Finance mulls dropping TUSD from crvUSD collateral over SEC fraud concerns. WormholeOracle’s proposal suggests eliminating TUSD due to instability and legal woes. Curve rethinks stablecoin strategy amid $68M in WBTC collateral and SEC scrutiny. Curve Finance,…
September 26, 2024 at 07:28 PM GST updated: September 26, 2024 at 02:33 PM 2 mins read News TrustToken and TrueCoin misled investors by falsely promoting TUSD as fully backed, risking significant investor funds. 99% of TUSD’s reserves were in risky offshore funds by 2024, exposing investors despite claims of full backing. The SEC’s settlement…
In a rather surprising turn of events, US Securities and Exchange Commission (SEC) Chairman Gary Gensler has said that Bitcoin is not a security. Indeed, Gensler was featured on CNBC, where he discussed the leading cryptocurrency and reaffirmed his position on its security status. The token became the first crypto-based ETF in the United States…
September 26, 2024 at 05:28 PM GST updated: September 26, 2024 at 02:17 PM 2 mins read News Congressman Emmer criticizes SEC’s Gensler for crypto overreach, causing market confusion and stifling innovation. SEC’s mishandling of the Debt Box case sparks concern, highlighting flaws in Gensler’s crypto regulatory approach. Vice President Harris signals a shift toward…
Stablecoins evolved as one of the most popular types of cryptocurrencies, with a market capitalization of $173.42 billion. The title of most traded cryptocurrencies is held by fiat-backed stablecoin Tether (USDT), followed by Bitcoin and others. Blockchain activity watchers and analysts argue that the yet-to-be-launched stablecoin of Ripple ‘RLUSD’ might debut on the market soon….
September 26, 2024 at 02:40 PM GST updated: September 26, 2024 at 02:22 PM 2 mins read News Mark Cuban expressed interest in leading the SEC if Kamala Harris wins the U.S. presidential election. Cuban has been critical of SEC Chair Gary Gensler’s aggressive approach toward cryptocurrency regulation. John Deaton, a prominent crypto lawyer, supports…
The SEC’s appeal may focus on Ripple’s programmatic sales, with the October deadline sparking speculation. Ripple remains confident, but uncertainty lingers, keeping the market volatile. After the revelation shared by CNF that a researcher exposed how the SEC views speculation’s role in XRP’s utility, the XRP lawsuit, a major legal battle in the crypto space,…
Anderson revealed the SEC acknowledges speculative trading drives XRP’s “flywheel” for utility. Ripple’s CEO stated speculators’ role in enabling XRP’s use in Ripple products. Anderson, a prominent member of the XRP community and digital asset researcher, revealed documents from the Ripple vs. SEC lawsuit, which shed light on the regulatory body’s position. The SEC allegedly…
Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns over potential overregulation. This proposed study by key financial regulators seeks to balance defi’s growth with oversight, ensuring the sector’s competitive edge and resilience…
TL;DR A popular analyst expects an Uptober for XRP, driven by the potential resolution of the Ripple v. SEC lawsuit and increased adoption. EGRAG CRYPTO predicts XRP could reach a new all-time high of $13 in the following months, though this is considered unlikely. The XRP Army is Waiting for Uptober October is a typically…
The U.S. Securities and Exchange Commission (SEC) has deferred its judgment regarding options trading for several spot Ethereum ETFs until November 2024. The postponement ensues after the SEC sanctioned options trading for BlackRock’s spot Bitcoin ETF, accompanied by stringent rules to mitigate market manipulation. The SEC has extended the deadlines for these funds to November…
XRP has started garnering interest in the market as the SEC has just a few days left within which it can file an appeal against the latest judicial ruling. The Ripple firm is also preparing to undergo a busy month as it prepares for its annual Swell conference held in the month of October. However,…
Mark Cuban in a tweet earlier today shared that he spoke to the Harris team today who told him clearly that they are against “regulation through litigation”. He further mentioned, “CYA Gensler. You leaving is worth a point in GDP growth.” Anthony Scaramucci also shared a tweet saying “Gary Gensler please resign for the sake…
XRP prices are rising again as the long-lasting SEC drama unfolds. Many have wondered if it will soon break the $0.60 barrier, and that includes our Watcher Guru team. The crypto market is watching this situation closely, and we are doing the same. Scroll down to explore this topic further and get a better understanding…
Almost every decision of the U.S Securities and Exchange Commission affects the price of cryptocurrencies, sometimes positively and sometimes negatively. In the past 24 hours, Ethereum lost over 1.20% of its trading price and was trading at $2,616 as of writing. Market spectators claim that the decline in ETH price seems to be fueled by…
September 25, 2024 at 01:10 PM GST updated: September 25, 2024 at 01:14 PM 2 mins read News Tom Emmer criticized Gary Gensler for inventing the term crypto asset security, claiming it lacks legal basis. The SEC withdrew the term crypto asset security in court after using it for three years. SEC Commissioner Hester Peirce…
The United States Securities and Exchange Commission has evolved as one of the most significant in gathering over $1 billion in penalties from the cryptocurrency market and nad-based companies. Recently, the SEC settled accusations against TrueCoin and TrustToken regarding fraudulent and unregistered sales of investment contracts involving the TrueUSD stablecoin. The commission has filed a…
The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S. Securities Regulator Charges Crypto Companies Trusttoken and Truecoin According to the SEC’s complaint released on Tuesday, Truecoin and Trusttoken…
On Sept. 24, Minnesota Representative Tom Emmer took aim at Gary Gensler over his “disastrous record” as Chairman of the SEC. The grilling came during a House Financial Services Committee congressional hearing. Emmer accused Gensler of expecting political allegiance from SEC staff, including civil servants; however, the SEC chair denied this claim despite email evidence to…
Congressman Tom Emmer sharply criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler during a congressional hearing, questioning his leadership and approach to cryptocurrency regulation. “The SEC broke the law, your attorneys lied to the court, and no one in your leadership here in D.C. has been held accountable,” the lawmaker stressed. Tom Emmer…
Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question whether the SEC acted prematurely, potentially jeopardizing efforts to safeguard digital assets through coordinated agency work. They demand more transparency on the SEC’s actions and…
A group of Republican lawmakers, headed by Rep. Patrick McHenry and Sen. Cynthia Lummis, have raised concerns over the Securities and Exchange Commission’s (SEC) approach to regulating crypto custody. In a letter addressed to SEC Chair Gary Gensler, the lawmakers demanded the agency “rescind” its Staff Accounting Bulletin No. 121 (SAB 121). Critique of SAB…
SEC filed charges against TrueCoin and TrustToken over fraud and offering of unregistered investment contracts. TrueCoin issued the TrueUSD (TUSD) stablecoin, while TrustToken operated the TrueFi lending protocol. The regulator alleges stablecoin TUSD had 99% of its reserves invested in an offshore fund as of September 2024. The Securities and Exchange Commission (SEC) has charged…
Shocking Twist in Binance Case SEC Admits 10 Crypto Tokens Aren’t Securities! The SEC Commissioner Hester Peirce on Tuesday admitted that the agency moved forward with regulatory actions against crypto entities despite being aware of potential legal issues. Rep. Tom Emmer sharply questioned the SEC Chair during the hearing. Emmer also accused the SEC of…
US Securities and Exchange Commission (SEC) Chairman Gary Gensler will testify twice this week before Congress. Gensler will appear before the House Financial Services Committee on Sept. 24 and was scheduled to meet the Senate Banking Committee on Sept. 25, but the second hearing has now been postponed. Eleanor Terrett from Fox Business said, “Capitol…
September 24, 2024 at 03:25 PM GST updated: September 24, 2024 at 02:35 PM 2 mins read News Chris Larsen transferred 18 million XRP, including 3 million to Binance and 15 million to a Bittrex-linked wallet. These transfers follow prior large movements by Larsen, including 20 million and 50 million XRP earlier this month. Investors…
Green United’s motion to dismiss the SEC’s $18M fraud case was denied. The SEC alleges Green United sold fake mining equipment and misled investors. U.S. federal judge Allen has denied Green United’s motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC), accusing the Utah-based company of running an $18 million crypto…
The United States Securities and Exchange Commission (SEC) has evolved as the leading regulator that gathered significant amounts of penalties from the cryptocurrency sector. A litigation released by the SEC on September 23, 2024 states that it has charged Anthem Holdings Co.; and its CEO over the charges of defrauding investors. The documents note that…
Bitcoin ETF options have been approved by the SEC, and this is a significant development for BlackRock’s BTC ETF. This decision allows Nasdaq’s International Securities Exchange to list and trade options on the iShares Bitcoin Trust (IBIT), which could potentially reshaping Bitcoin investment strategies. Also Read: US Stock: Trending Share To Buy In September Per…
TL;DR XRP has been on an uptrend recently, with analysts predicting a potential sharp rise, possibly reaching $0.66 soon. Volatility is expected due to the ongoing Ripple v. SEC case, with the agency’s decision on whether to appeal the ruling still pending. ‘I Think XRP is Ready’ Ripple’s XRP gained momentum in the past two…
Legal experts believe the SEC will file an appeal, but the regulator remains undecided, creating uncertainty for XRP. Ripple is confident in its legal position, and analysts foresee a potential bullish breakout for XRP despite the looming appeal. Following the development of the SEC’s appeal against Ripple, CNF highlighted its effect has put the XRP…
Market News According to ex-SEC attorneys, the regulator will almost certainly file an appeal. Around two weeks remain for the agency to submit the appeal. A possible appeal of Judge Torres’ XRP case findings is being considered, according to recent developments in the Ripple vs. SEC lawsuits. Legal counsel asserts that the SEC will wait…
In a recent decision, a Texas court dismissed Consensys’ lawsuit against the U.S. Securities and Exchange Commission (SEC), which was filed in April 2024 to protect the Ethereum ecosystem from regulatory overreach. The court’s dismissal was based on procedural grounds, without addressing the merits of Consensys’ claims. Despite this setback, Consensys highlighted a significant win…
September 22, 2024 at 07:16 PM GST updated: September 22, 2024 at 06:59 PM 2 mins read News Ripple proposed to deposit 111% of the judgment amount into a secure account. Investors are closely watching the SEC’s next move, which may impact the crypto market. The SEC’s decision on whether to oppose the Ripple ruling…
September 22, 2024 at 06:28 PM GST updated: September 22, 2024 at 03:38 PM 2 mins read News SEC seeks sanctions against Elon Musk for skipping depositions in the Twitter acquisition probe, emphasizing accountability. Musk’s attorney argues his missed testimonies were due to emergencies, claiming the SEC’s sanctions request is excessive. A separate lawsuit alleges…
The SEC takes action against crypto scams, targeting fake exchanges that defrauded investors of millions. Pig Butchering scams use social media to build trust, then lure victims into fake crypto investments. Recently, the Securities and Exchange Commission (SEC) has filed the first-ever litigation targeting the renowned “Pig Butchering” crypto scams, revealing fraudsters’ deceptive tactics used…