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SEC lawsuit against Paxos over BUSD baffles crypto community
13.2.2023
Members of the community were confused and argued that people buying the stablecoin are not expecting it to go up in value
Coinbase tweets sharp clarifications towards SEC’s claims
13.2.2023
Coinbase clarifies all the assertions and questions that have so far been raised by the SEC on its staking services. Taking it for securities or any other similar service is based on the grounds that have been finally moved by Coinbase. Brian Armstrong and Paul Grewal took to Twitter to share...
Coinbase CEO Brian Armstrong Ready to Defend Staking in Court if Necessary
13.2.2023
Coinbase CEO Brian Armstrong has said the exchange's crypto staking services are not securities, adding that he is willing to defend this in court.
“Coinbase's staking services are not securities. We will happily defend this in court if needed,” Armstrong said in a Twitter post on Sunday....
Paxos Trust Co. gets Wells notice from SEC over BUSD token
13.2.2023
It happens to be the Securities and Exchange Commission (SEC) that has duly informed the crypto company, Paxos Trust Co., which happens to be a crypto firm, that it is contemplating suing the company. This is with regard to its suspicion of the entity having violated investor protection laws....
Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach
13.2.2023
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S....
SEC's crypto staking crackdown has uncertain consequences for DeFi: Lido Finance
13.2.2023
A Lido DAO member raised concerns over what impact the SEC’s crackdowns on staking could mean for the future of DeFi in the U.S
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....
Nexo shutters US Earn product a month after settling with regulators
13.2.2023
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators
SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
13.2.2023
The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar and Binance USD tokens, over the latter. The news comes days after CoinDesk reported Paxos was under investigation by the New York Department of Financial Services
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
Coinbase will 'happily defend' staking in U.S. courts, says CEO
12.2.2023
Coinbase executives claim that staking is not a security under the US Securities Act or Howey test
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...
Bitcoin price correction was overdue — Analysts outline why the end of 2023 will be bullish
10.2.2023
BTC and the crypto market will continue to battle with strong headwinds, but analysts explain why Q3 and Q4 of 2023 could turn out well for Bitcoin
What Does Kraken's SEC Settlement Mean for Crypto Staking?
10.2.2023
Kraken had a pretty lousy day, but the industry is more interested in what this means for staking
‘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....
Former SEC Attorney: Kraken Action Not a Condemnation of 'Staking Writ Large'
10.2.2023
Zachary Fallon, a partner at law firm Ketsal, says that because the government agency relies on a circumstances based test, it may need to adjust its response to other crypto firms that engage in staking-as-a-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
SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool
10.2.2023
Kraken has put an end to staking as a service and Coinbse could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL?
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...