Ethereum developer Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission, striking back against what the company calls an “unlawful seizure of authority” over Ethereum by the federal regulator.
Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment
Ripple Labs filed its opposition on Monday against the U.S. Securities and Exchange Commission’s (SEC) proposal to ask a New York judge to impose a nearly $2 billion fine against the company behind the XRP Ledger blockchain.
Coinbase Seeks to Take Core Question in U.S. SEC Case to Higher Court
Coinbase is seeking to rip the bandage off of a legal impasse at the center of the crypto industry’s fight with the U.S. Securities and Exchange Commission (SEC), filing an interim appeal on Friday that would ask a higher federal court to drill into the heart of the regulator’s stance on digital assets, even as the broader SEC case proceeds through the judicial system.
SEC Seeks $1.95B Fine in Final Judgment Against Ripple
The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a nearly $2 billion judgment against Ripple Labs, according to court filings.
Why the SEC Shouldn’t Classify ETH as a Security
Reports suggest the SEC may be about to categorize ETH as a security, with huge implications for the blockchain’s future. Here’s why the SEC would be wrong.
Meme Coins Going Legit Is the Worst Thing for Meme Coins
Institutions like Franklin Templeton are taking meme coins increasingly seriously this cycle. But will these joke-y projects run afoul of regulators?
Prometheum Taps Morgan Stanley Exec as CFO Just Before Opening Doors
Controversial crypto platform Prometheum continues to signal its seriousness about moving forward as the industry’s sole U.S. special-purpose crypto broker-dealer, having now hired a chief financial officer with a Wall Street pedigree from the likes of Morgan Stanley and Goldman Sachs Group Inc.
U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions
In an insider trading case involving Coinbase’s former product manager Ishan Wahi, his brother Nikhil Wahi and their friend Sameer Ramani, a U.S. court ruled on March 1, 2023, that the trading of certain crypto assets on a secondary market, which Coinbase is, are securities transactions.
Ether’s Prometheum Test
The “only U.S.-registered crypto securities platform” is listing ETH in a bold test of the U.S. Securities and Exchange Commission’s thesis that most cryptocurrencies are securities.
Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don’t Need Green Light From SEC: Bloomberg
RDC’s aim is to address the institutional desire to bitcoin investment that may not be satisfied by a spot ETF.
Terraform Labs’ LUNA and MIR Tokens are Securities, Judge Rules
A federal judge issued summary judgements siding with the SEC’s arguments that Terraform had illegally sold unregistered crypto securities.
Former Lido holder files class action lawsuit against Lido DAO for crypto losses
The investor claimed that 64% of Lido tokens are controlled by just a few venture capital firms, preventing ordinary investors from having any control over decisions.
‘They’re Playing a Game’: What New Yorkers Think of the SEC’s War Against Crypto
After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation.
SEC sues Kraken alleging it’s an unregistered exchange, mixes user funds
The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency.
Chainlink (LINK) pumps 26% in 6 days — Is there room for more?
LINK token continues to strengthen as professional traders and enterprise solution clients enter Chainlink’s ecosystem.
SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged By SEC
The Securities and Exchange Commission (SEC) has charged SafeMoon and its executive team with perpetrating a fraudulent scheme through an unregistered securities sale.
Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit
Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws.
DLT Securities Rules Are Here to Stay, EU Official Says
New European laws took effect in April, but fears over its limited scale may have inhibited take-up.
Decentralized finance yet to pose ‘meaningful risk’ to stability — EU regulator
The European Securities and Markets Authority argued that DeFi was still too small to pose any sizeable risks to overall financial stability, but should be monitored.
LBRY decides to fight: Blockchain firm files notice of appeal against SEC
Blockchain-based file-sharing and payment network LBRY is planning to pick up the fight against the federal regulator again after losing the battle in November last year.
