Elon Musk claims the SEC and DOJ are abusing their regulatory powers for personal and political gain to receive punitive action.
SEC asks judge to reject Coinbase’s motion to dismiss lawsuit
The regulator has asked a federal judge to deny Coinbase’s motion to dismiss its lawsuit, claiming the exchange knew the cryptocurrencies it sold were securities under the Howey test.
Bitcoin ETF would be the ‘seal of approval’ from SEC: Mike Novogratz
The Galaxy Digital founder believes approval of a spot Bitcoin ETF would essentially be a United States regulator and government nod for Bitcoin.
Gary Gensler: Crypto market is like 1920s stock market, full of ‘fraudsters’
Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today.
SEC wins $2.8M in suit over alleged crypto token price manipulation
Hydrogen Technology Corp. and its former CEO will pay $2.8 million in fines and remedies for allegedly operating a price manipulation scheme.
What are the Howey test and its implications for cryptocurrency?
The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more.
Biden vows to hold those responsible for SVB, Signature collapse
US President Joe Biden on Twitter said he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”
CoinEx crypto exchange sued by New York for failing to register with state
The NY Attorney General is looking for a court order to remove the exchange from the state and wants it to block all internet addresses originating from New York.
Proposed Israeli law to classify crypto as securities will ‘kill the industry’
A proposed definition change by an Israeli regulator would cause immense harm to the local crypto industry, according to the CEO of Altshuler Shaham Horizon.
Ripple’s allies expand: Coinbase files amicus brief in fight against SEC
Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC.
WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’
A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed.
Binance wins dismissal of class action over 2018 tokens that tanked
The judge ruled domestic law doesn’t apply to Binance as it is not an exchange domestic to the U.S. and that the case was filed “too late”.
Digital Chamber Asks Court to Draw Line Between Investment Contracts and Assets in Telegram Case
The Chamber of Digital Commerce, a blockchain advocacy group, wants a U.S. court to distinguish between an investment contract and the underlying asset used by Telegram during a 2018 initial coin offering.
The US SEC Wants to Hire a ‘Crypto Specialist’ Legal Advisor
The U.S. Securities and Exchange Commission is looking for an attorney advisor to help develop a plan for digital and crypto securities.
SEC, CFTC Charge Bitcoin Futures Firm 1Broker With Securities Law Violations
The SEC and CFTC are suing bitcoin derivatives trader 1pool and CEO Patrick Brunner for violating federal law with a security swap scheme.