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Bitwise modifies S-1 form to secure SEC approval for ETH ETF


Bitwise, a leader in the field of crypto fund controlling, has made certain changes to its S-1 form for Ethereum ETF by adding relevant information, enabling it to receive the SEC’s consent.  This is as per the US Securities and Exchange Commission’s instructions and includes information related...

SEC ends investigation into Ethereum 2.0, boosting hopes for Ether’s future


The US SEC has confirmed that it is dropping its investigation into Ethereum 2.0. This comes after Consensys sought confirmation from the agency via a letter sent earlier this month. The Commission notifying its actions marks a pivotal moment for Ether including developers, industry participants...

CRV Price Hits $0.35, Rebounding 41% From Recent Low Post-Founder Crisis


Curve DAO’s (CRV) price increased over 10% early Wednesday, hitting $0.35 and marking a 41% increase from its low since a recent liquidation crisis involving its founder. On-chain data revealed significant accumulation of CRV by whales this week, with reports indicating a particular increase...

SEC Closes Ethereum 2.0 Investigation


Consensys has announced that the U.S. Securities and Exchange Commission (SEC) has decided to close its investigation into Ethereum 2.0. This decision implies that the SEC will not allege that sales of ETH are securities transactions. The announcement follows a request from Consensys to the SEC...

The US SEC opposes Ripple’s initiatives to lower its fines


“Ripple is agreeing to nothing”, the Securities and Exchange Commission indicated in its response to Ripple’s request for lower fines. The company has been constantly engaging in legal battles with the Securities and Exchange Commission since 2022. The Securities and Exchange Commission refuted...

Buyer demand rises for XRP amid hopes for SEC vs Ripple settlement


The value of XRP has gone up by 2.31% in the last 24 hours. This is largely credited to the hopes that the community members have. They stem from the speculation that the US Securities & Exchange Commission and Ripple may soon settle. While Ripple will have to shed a few bucks, the numbers...

SEC’s Crypto Enforcement Chief Departs After 9 Years


The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major crypto trading exchanges...

SEC rejects Ripple Labs plea to lower fines, insists on nearly $2B penalty


The San Francisco based Ripple Labs Inc. is currently engaged in a legal battle with the SEC over the latter’s request for a $2 billion penalty. They are advocating for a decrease, claiming that Terraform Labs’ recent $4.5 billion settlement is a point of reference. Ripple’s lawyers also say that...

Rumors of SEC settlement behind highs and lows of XRP


Rumors doing the rounds regarding a possible settlement by the SEC is creating the oscillation of XRP price reaching $0.5049, to go south almost immediately. Previously too, the price lowered by 0.27%, from the figure of 3.50%, finally standing at $0.4892, following a further decline by 1.77%. ...

Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate


Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized...

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