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SEC Case Had 'Almost No Impact' on Ripple's Talks With Central Banks, Says Exec
28.7.2023
James Wallis said the decision that Ripple's sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry
First Mover Americas: Grayscale Urges SEC for Equal Treatment of Spot Bitcoin ETF Applications
28.7.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for July 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
U.S.-Listed Crypto Firms Will Need to Report Cybersecurity Breaches
28.7.2023
SEC adopts cyberattack disclosure rules, listed crypto firms included
28.7.2023
Coinbase, Marathon Digital and Riot Blockchain are among the SEC-registered cryptocurrency firms that would need to comply with the rules
Grayscale urges SEC to approve all Bitcoin ETFs simultaneously
28.7.2023
Grayscale's ETF was previously knocked back by the SEC and it wants it and competing ETFs approved together so none have an advantage
Grayscale Urges Equal Treatment for All Spot Bitcoin ETF's in Letter to SEC
28.7.2023
If the SEC decides to change course and approve one or more of of the current spot bitcoin ETF applications, “it must do so in a fair and orderly manner,” the statement said
SEC chief accountant warns accountants about liabilities when auditing crypto firms
27.7.2023
Paul Munter says making or allowing misleading statements can have serious consequences for accounting forms and individual accountants
Lawyer Outlines 4 Options SEC Could Proceed in Ripple Case Over XRP
27.7.2023
A lawyer has outlined four potential next steps that the U.S. Securities and Exchange Commission (SEC) could take following the ruling on the Ripple case regarding XRP. “I expect the SEC to file a request for interlocutory appeal within the next 2 weeks,” he opined, asserting that...
SEC Charges Quantstamp $28 million For Conducting an Unregistered Initial Coin Offering
27.7.2023
Quantstamp, a blockchain security firm, has been ordered by the U.S. Securities and Exchange Commission (SEC) to return $28 million raised in a 2017 unregistered initial coin offering (ICO).
On July 21st, the SEC accused Quantstamp of conducting an unregistered ICO, during which they sold their...
SEC passes new ‘conflict of interest’ rules governing how brokers can use AI
26.7.2023
The new rules will govern how brokers use artificial intelligence to entice investors and how they use “optimization functions” to target investors and determine investment strategies
SEC files charges against Quantstamp for $28M initial coin offering
26.7.2023
Quantstamp agreed to settle charges and will repay proceeds from its 2017 ICO that raised $28 million
SEC Appeal Can Bring More Wins To XRP, RippleLabs Legal Team Suggests
26.7.2023
Ripple’s legal chief Stuart Alderoty says that a potential appeal by the Securities and Exchange Commission (SEC) after the recent ruling could play into the hand of the company.
Alderoty believes that any appeal by the Commission will consolidate the company’s partial win as the battle...
SEC appeal could amplify Ripple win, says Ripple Labs legal chief
26.7.2023
Stuart Alderoty said that an appeal on behalf of the SEC could see Ripple consolidate its victory over the regulator even further
Binance, CZ to Seek Dismissal of CFTC Complaint
26.7.2023
Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC complaint alleging that it broke derivatives laws...
Ripple vs. SEC — Respite for a Beleaguered Industry
25.7.2023
On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa...
How Bitcoin Miners Can Stay Clear of SEC Scrutiny (and Fall Foul of It)
25.7.2023
Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk's Mining Week
Crypto Industry Celebrates XRP Court Ruling, but Long Road Ahead for Regulatory Framework
25.7.2023
The cryptocurrency industry has been abuzz with excitement after a recent court ruling declared that Ripple's XRP token is not considered a security when sold on digital asset exchanges.
The ruling has generated positive sentiment across the crypto ecosystem, offering hope for clarity in...
Former CFTC chairman says stablecoins can be a bridge between two worlds
25.7.2023
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility when it comes to regulations
Decoding Ripple’s Ruling: A Potential Tsunami for the SEC
25.7.2023
In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets, specifically crypto exchanges, do not. A verdict that...
Two more crypto bills in the US: Law Decoded, July 17–24
24.7.2023
Last week was marked by two new legislative initiatives for the crypto industry in the United States