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Crypto Wallet Firm Exodus Faces Unexpected Setback in NYSE Uplisting Plan


Exodus Movement, a crypto wallet company, announced that its planned listing on NYSE American will not proceed as scheduled due to the U.S. Securities and Exchange Commission (SEC) still reviewing its registration statement, despite the statement being declared effective at the end of April....

Ripple up in arms against the SEC


A short while back, the SEC came out with a backed alternate report that stated that it stands by its position of believing that Ripple will repeat its misdemeanor, though the company has caused no trouble following the lawsuit against it in 2020. However, Ripple CLO accuses the SEC of being...

Grayscale Withdraws Ethereum ETF Proposal Amid Skepticism Over SEC Approval


Grayscale has retracted its application to list its ethereum trust, known as ETHE, as detailed in a filing with the U.S. Securities and Exchange Commission. James Seyffart, a Bloomberg analyst specializing in exchange-traded funds (ETF), expressed puzzlement over Grayscale’s decision to...

Robinhood favored to prevail in potential crypto court case against SEC


Analysts at Keefe, Bruyette & Woods (KBW) have weighed in on the potential legal battle between Robinhood and the U.S. Securities and Exchange Commission (SEC), expressing confidence that the popular trading platform would likely emerge victorious in any crypto-related court case. This...

SEC Argues for Injunctions in Final Response of Ripple XRP Case


The SEC challenged Ripple’s assertion that the blockchain startup acted without recklessness and that there should be no “widespread uncertainty” about XRP’s legal status, despite the court previously rejecting this “fair notice” defense. The post SEC Argues for Injunctions in Final Response...

The Crypto Lawsuit State of Play


Last month, Ethereum incubator ConsenSys sued the U.S. Securities and Exchange Commission (SEC) for an injunction asking a federal court to block the regulator from investigating its MetaMask offering or from declaring Ether (ETH) a security. It's the latest company to follow a growing trend...

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