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SEC tries again for Debt Box suit dismissal with option to refile
14.5.2024
The SEC says case dismissal without prejudice is “normally granted” when a plaintiff requests it, but the court has criticized the agency’s current suit
SEC Rejects Coinbase’s Call for New Crypto Regulations
13.5.2024
In a recent legal filing, the U.S. Securities and Exchange Commission (SEC) pushed back against Coinbase’s demands for a completely revamped regulatory framework for cryptocurrencies. The agency argued that existing rules are adequate and that it’s not required to create new regulations from...
Kraken Challenges SEC Overreach in Recent Court Filing
12.5.2024
In a recent motion to dismiss a case brought by the Securities and Exchange Commission (SEC), cryptocurrency exchange Kraken argued that the SEC’s legal theory misinterprets crucial aspects of the case. The court document, dated May 9, 2024, claims the SEC fails to identify legitimate...
Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities
9.5.2024
Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated assertions that numerous crypto tokens conform to...
Gary Gensler Attributes SEC’s Focus on Crypto to Financial Media and Fraud Concerns
8.5.2024
Gensler emphasized that while crypto represents a small portion of the financial markets, it disproportionally contributes to issues such as scams and frauds, attracting significant media attention.
The post Gary Gensler Attributes SEC’s Focus on Crypto to Financial Media and Fraud Concerns...
SEC Issues Wells Notice to Robinhood Over Crypto Operations
6.5.2024
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement...
‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum Regulations
25.4.2024
In a significant legal move, Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) to protect the Ethereum blockchain from what it deems overreaching regulations. A report further alleges that the SEC issued a Wells Notice to Consensys, asserting that Metamask...
Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment
23.4.2024
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
SEC Lawyers Resign Amid Criticisms in Crypto Case Against DEBT Box
23.4.2024
Two lawyers from the SEC, Michael Welsh and Joseph Watkins, resigned following a federal judge's sanction and severe criticism of the regulatory agency's handling of a crypto-related case.
The post SEC Lawyers Resign Amid Criticisms in Crypto Case Against DEBT Box appeared first on Cryptonews
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...
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
Democrats Ask SEC's Gensler to Block Approval of More Crypto ETPs
15.3.2024
Senators say that retail investors face "enormous risks" from such products because thin order books for some cryptocurrencies
Ether’s Prometheum Test
8.2.2024
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
SEC’s Gag Rule on Settlements Criticized by Commissioner Hester Peirce
31.1.2024
SEC Commissioner Hester Peirce has voiced her criticism against the US Securities and Exchange Commission’s (SEC) policy to uphold a gag rule impacting defendants who settle. In a statement published on the SEC’s website on January 30, Peirce argued that the rule, which prevents defendants...
SEC Sees Surge in Spot Bitcoin ETF Securities Registrations as Approval Deadline Approaches
5.1.2024
Five spot bitcoin exchange-traded fund (ETF) applicants have filed to register their funds as securities with the U.S. Securities and Exchange Commission (SEC) as the approval deadline draws near. While some interpret this development as approval confirmation of spot bitcoin ETFs by the...
BlackRock, Nasdaq, SEC Met Regarding Bitcoin ETF
20.12.2023
This is the second meeting in a month between the parties about rule changes required to list the bitcoin ETF
SEC Pushes for Judge to Classify Crypto as Securities in Terraform Labs Case, Bypassing Jury
5.12.2023
The SEC pushes for a judge to determine if crypto assets qualify as securities in its court case against Terraform Labs. Image by dennizn, Adobe Stock. The Securities and Exchange Commission (SEC) urged a judge on Monday to decide whether certain cryptocurrencies qualify as securities in...
U.S. Judge Warns SEC Over 'False and Misleading' Request in Crypto Case
2.12.2023
A federal judge threatened to sanction the SEC's lawyers after their "false" arguments prompted a court to impose a temporary restraining order on crypto firm Debt Box
End of an Era: CZ Steps Down, SEC Names More ‘Securities,’ as US Crypto Crusade Continues — Week in Review
26.11.2023
Bitcoin.com News reported this week that leading crypto exchange Binance will settle with the United States Department of Justice (DOJ) for $4.3 billion, related to breaching anti-money laundering and sanctions regulations. The well-known face of the exchange, and former CEO, Changpeng...
‘They’re Playing a Game’: What New Yorkers Think of the SEC’s War Against Crypto
21.11.2023
After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation