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Bitwise Joins Ethereum Spot ETF Race, Files Application with SEC
29.3.2024
Crypto investment firm Bitwise has submitted an application to the Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF).
The post Bitwise Joins Ethereum Spot ETF Race, Files Application with SEC appeared first on Cryptonews
Developing Several Layer-2 Solutions: ‘The Real Solution’ to Ethereum’s Scalability Issue, Says Ken Timsit
29.3.2024
The recent surge in Ethereum gas fees can be attributed to the rise in decentralized finance (defi) activity and the growing popularity of layer 2 (L2) chains such as Arbitrum and Optimism, Ken Timsit, managing director of Cronos Labs, has said. Timsit however agreed that the recent Dencun upgrade...
Bitwise Files for Spot Ethereum ETF With SEC, Highlights Detailed Correlation Analysis
29.3.2024
Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) for a spot ethereum exchange-traded fund (ETF), a move aimed at providing investors with regulated exposure to ether without direct ownership of the cryptocurrency. Bitwise Aims for SEC Approval With Spot...
US Senate Candidate Calls for Resignation of SEC Chair Gary Gensler
28.3.2024
U.S. Senate candidate John Deaton has called for the resignation of U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. “Under Gensler, the SEC has forgotten, or intentionally abandoned, its primary mission in protecting innocent investors,” he stressed. Deaton Calls...
Judge Denies Coinbase Dismissal Request; CEO Hails Win for Self-Custody Wallets
27.3.2024
New York Judge Katherine Polk Failla has ruled that the U.S. Securities and Exchange Commission (SEC) has “sufficiently pleaded” its case and the lawsuit will move forward. Legal Battle Ahead: Coinbase Dismissal Motion Rejected by Judge On Wednesday, the most recent legal filings revealed that...
Coinbase Loses Most of Motion to Dismiss SEC Lawsuit
27.3.2024
A federal judge ruled the U.S. Securities and Exchange Commission (SEC) brought enough of a case arguing that Coinbase is operating an unregistered broker, exchange and clearinghouse that its suit against the crypto trading company should move forward
SEC Asks Judge to Fine Ripple $2 Billion in XRP Case — Ripple CEO Says ‘There Is Absolutely No Precedent for This’
27.3.2024
The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC...
XRP Community Seeking New ICOs for Potential 1000% ROI Opportunities – Here’s the Latest
26.3.2024
With XRP (XRP) struggling to keep up with the broader crypto market on Tuesday as traders digest news that the SEC is seeking to impose a crippling $2 billion fine on XRP issuer Ripple, XRP community members are seeking new ICOs that present potential 1,000% return on income (ROI)...
Beba and Defi Education Fund Sue the SEC Over Its Airdrop Policies
26.3.2024
Texas apparel company Beba and the Defi Education Fund (DEF) have announced a legal complaint against the U.S. SEC. They allege that the SEC has violated Administrative Procedure Act procedures by adopting an encompassing crypto policy without an official rulemaking process. Additionally,...
DeFi Education Fund, Apparel Firm Sue SEC Over Unwritten Airdrop Securities Rule
26.3.2024
Crypto advocacy group DeFi Education Fund and Texas-based apparel firm Beba sued the SEC on Monday, aiming to establish that airdrops should not be classified as securities.
The post DeFi Education Fund, Apparel Firm Sue SEC Over Unwritten Airdrop Securities Rule appeared first on Cryptonews
SEC Pressing for $2 Billion in Fines and Penalties from Ripple Labs: Garlinghouse
26.3.2024
Ripple Labs CEO Brad Garlinghouse says on X that the U.S. SEC is seeking $2 billion in fines and penalties from the company with sealed filing underway.
The post SEC Pressing for $2 Billion in Fines and Penalties from Ripple Labs: Garlinghouse appeared first on Cryptonews
SEC Seeks $1.95B Fine in Final Judgment Against Ripple
26.3.2024
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
Garlinghouse Says SEC to Press Judge for $2B in Fines and Penalties in Ripple Case
25.3.2024
The U.S. Securities and Exchange Commission (SEC) is reportedly asking a New York judge to levy a $2 billion judgment against Ripple Labs, according to social media posts from the crypto company’s CEO and chief legal officer on Monday
Ripple CEO Expects SEC to Lose Against Ethereum, Mirroring XRP Lawsuit Outcome
23.3.2024
Ripple’s chief executive believes the U.S. Securities and Exchange Commission (SEC) will be unsuccessful in classifying ether as a security, similar to how the agency lost its legal battle, for the most part, against XRP. Noting that the SEC has been “losing badly in courts”...
What Happens if the SEC Classifies ETH a Security? (Wrong Answers Only)
21.3.2024
The reported move, if confirmed, could have serious ramifications for the blockchain’s developers. But success for the troubled regulator is far from certain and unanswered questions abound
Rep. Patrick McHenry Indicates Progress on Stablecoin Legislation Before Election
21.3.2024
U.S. House Financial Services Committee Chair Rep. Patrick McHenry hints at possible advancements in stablecoin legislation, indicating potential progress before the upcoming election day.
The post Rep. Patrick McHenry Indicates Progress on Stablecoin Legislation Before Election appeared first...
SEC Requests More Funding to Regulate Crypto Sector
21.3.2024
The U.S. Securities and Exchange Commission (SEC) has submitted its 2025 budget request, which will partly fund the securities watchdog’s efforts to regulate the crypto sector. “We’ve seen the Wild West of the crypto markets, rife with noncompliance,” SEC Chair Gary Gensler...
Ripple And SEC File Sealing Proposal In Forthcoming Remedies Brief
20.3.2024
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) agreed on March 19 to seal a proposal to address concerns about an upcoming remedies-related brief in their ongoing legal dispute. The proposal was submitted to the U.S. District Court for the Southern District of New York. It aimed...
Why the SEC Shouldn’t Classify ETH as a Security
20.3.2024
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
House Committee on Financial Services Explores Need for SEC Reform Amid Concerns Over Gensler’s Leadership
20.3.2024
House Committee members grilled SEC Chair Gary Gensler over concerns about regulatory overreach and lack of transparency. Calls for SEC reform are mounting, with critics citing insufficient feedback periods and a focus on social justice initiatives over the agency's core mission. Ranking member...