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Coinbase Loses Most of Motion to Dismiss SEC Lawsuit


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

US lawmakers seek SEC explanation regarding crypto platform


Lawmakers have requested Chair Gensler to elucidate the SEC’s position in an SPBD’s skill to custody non-securities. American lawmakers, under the leadership of Patrick McHenry, sent a clarification letter to Gary Gensler, Chair, SEC.  The lawmakers requested clarification about...

House Republicans Demand SEC Clarify Its Position Regarding Prometheum


House Republicans have written a letter to the U.S. Securities and Exchange Commission (SEC) urging for clarity regarding Prometheum and whether Ethereum is considered a security. The post House Republicans Demand SEC Clarify Its Position Regarding Prometheum appeared first on Cryptonews

Beba and Defi Education Fund Sue the SEC Over Its Airdrop Policies


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,...

SEC seeks Ripple with $2B demand, CEO reveals in case update


The Securities and Exchange Commission (SEC) is one of the entities allegedly supposed to collect a 2 billion dollars sum in fines and penalties against Ripple Labs as described by Stuart Alderoty, Ripple Industries Chief Legal Officer, in his X post; the words were used as a lead in of the recent...

What Happens if the SEC Brands ETH a Security?


The status of Ethereum is in limbo – currently Eth is not considered a security by the U.S. Securities and Exchange Commission (SEC) -- but this could all change very quickly. The post What Happens if the SEC Brands ETH a Security? appeared first on Cryptonews

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