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Bitcoin ETF Hopefuls Face Setback as SEC Delays Ruling


Bitcoin exchange-traded fund (ETF) hopefuls have faced a setback as the US Securities and Exchange Commission (SEC) decided to delay their ruling on Ark Invest’s spot Bitcoin ETF application. Next up now is the Bitwise Bitcoin ETP Trust's, which the SEC will need to decide on whether to approve...

SEC Isn’t Appealing Whether XRP Is a Security, Lawyer Clarifies


The U.S. Securities and Exchange Commission (SEC) is not appealing District Judge Analisa Torres’ ruling that XRP is not a security, a lawyer has explained. The securities regulator is appealing “programmatic and individual sales issues,” he clarified, adding that “If...

SEC Seeks to Appeal Ripple-XRP Ruling — Requests Stay of Proceedings


The U.S. Securities and Exchange Commission (SEC) has sent a letter to District Judge Analisa Torres seeking permission to file an interlocutory appeal in the SEC v. Ripple case over XRP. In addition, the securities regulator’s motion will “seek to stay the district court...

Class Action Lawsuit Against Tether, Bitfinex Dismissed


A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin USDT had diminished in value. Judge Dismisses Market...

US District Judge Rejects Approach in SEC v Ripple Ruling on XRP


A senior U.S. district judge has rejected the approach taken in the Securities and Exchange Commission (SEC) v. Ripple ruling regarding XRP. “The court declines to draw a distinction between these coins based on their manner of sale,” explained the district judge presiding over...

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