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US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles

13.2.2023
A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows that the majority of lawsuits came from the U.S....

Breaking: Paxos to face SEC lawsuit over Binance USD: Report

13.2.2023
According to people familiar with the matter, the notice relates to Binance USD, which is being seen by the SEC as an unregistered security

House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest

12.2.2023
On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about the arrest of FTX co-founder Sam Bankman-Fried...

Stiffing the Staker: The SEC’s Latest Crackdown on Crypto Innovation

11.2.2023
The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking? The following...

‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions

10.2.2023
On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered offering” related to its U.S. staking service....

Staking ban is another nail in crypto’s coffin — that’s a good thing

10.2.2023
The SEC’s move to ban staking is going to encourage more people to move toward decentralized options beyond the agency’s reach

Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program

10.2.2023
The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service. Kraken’s CEO Responds to SEC Action Kraken...

Argentina Mulls Inclusion of Proof-of-Solvency Requirements in Crypto Regulation

10.2.2023
Regulators in Argentina are mulling the inclusion of stringent requirements in their next cryptocurrency regulatory framework. According to reports, institutions like the national securities regulator, the CNV, will be studying the inclusion of proof-of-solvency requirements for exchanges...

Ethereum co-founder Joe Lubin says no chance ETH is classed as security

9.2.2023
The ConsenSys founder and Ethereum co-founder said it’s as unlikely as ride-sharing service Uber becoming illegal

Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC

9.2.2023
Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services. The exchange will also pay $30 million...

Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement

9.2.2023
The U.S. Securities and Exchange Commission sued Kraken in federal court Thursday, alleging its crypto staking as a service program violated federal securities laws

Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers

9.2.2023
Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users...

Crypto Exchange Kraken in Hot Water with SEC Over Alleged Securities Violation – Here's What You Need to Know

9.2.2023
The US-based crypto exchange Kraken is in hot water with regulators over an alleged violation of securities rules related to the selling of “unregistered securities.” The Securities and Exchange Commission’s (SEC) probe into whether Kraken did offer unregistered securities to US consumers is...

Crypto and securities: New interpretation of US Howey test gaining ground

9.2.2023
Lewis Cohen headed a team researching Howey-related case law to propose an application that differentiates between primary and secondary transactions

Kraken is facing an SEC probe Regarding unregistered securities

9.2.2023
Kraken, the popular crypto exchange, is facing a probe by the Securities and Exchange Commission (SEC) The regulator has filed the probe to ascertain whether Kraken broke securities rules. The SEC is assessing the unregistered securities offered by Kraken during the advanced stage. It can even lead...