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SEC Demands $102M From Ripple, Dems Reportedly Prepare for Crypto Roundtable, and More — Week in Review
23.6.2024
The U.S. Securities and Exchange Commission (SEC) is seeking a $102.6 million penalty from Ripple in the XRP case. Meanwhile, the Biden administration, along with Mark Cuban and Representative Ro Khanna, are preparing for a crucial crypto roundtable. A Bank of America report reveals that younger...
Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll Attempt
23.6.2024
Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed...
Ripple Clarifies XRP Is Not a Security After New Court Ruling
22.6.2024
Ripple’s chief legal officer has clarified that a California district judge has dismissed all allegations that Ripple violated federal securities laws. He stressed that District Judge Analisa Torres’ ruling regarding the non-security status of XRP “stands undisturbed.”...
Ripple Wins Partial Summary Judgment in Securities Lawsuit
21.6.2024
The U.S. District Court for the Northern District of California has issued an order granting in part and denying in part the motion for summary judgment in a lawsuit concerning allegations of securities law violations against Ripple Labs, XRP II, and Ripple CEO Brad Garlinghouse. Court Ruling...
Analyst Predicts: US to Face Its Own ‘Bank of England’ Debt Crisis Prior to Elections
21.6.2024
Otavio Costa, a Macro Strategist at Crescat Capital, a multidisciplinary asset management firm, has expressed concern about the state of the U.S. government securities liquidity index and its potential implications for the future of U.S. debt. He suggested that the U.S. is on the verge...
Ripple faces securities suit in California over CEO's ‘misleading statement’
21.6.2024
Judge Phyllis Hamilton found XRP could be a security when sold to retail and gave the go-ahead to a class-action lawsuit over statements from Ripple CEO Brad Garlinghouse
Judge in SEC v. Kraken case suggests he will deny motion to dismiss
21.6.2024
In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities
California Judge Breaks With New York Counterpart, Sends Ripple Securities Lawsuit to Trial
20.6.2024
A California judge has ruled that a civil securities lawsuit against Ripple will proceed to trial, denying in part the crypto firm’s motion for summary judgment in a suit alleging that Ripple’s CEO violated state securities laws in 2017
Swiss National Bank and SDX Delve Deeper Into CBDCs, Tokenized Securities
20.6.2024
The next two-year phase of Project Helvetia will see other financial institutions and types of transactions join the party
ASX’s first Bitcoin ETF taps $1.3M volume on first trading day
20.6.2024
The first Bitcoin ETF on Australia’s main stock exchange traded 96,476 shares throughout the day
CRV Price Hits $0.35, Rebounding 41% From Recent Low Post-Founder Crisis
19.6.2024
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...
Ethereum back above $3.5K as Consensys says SEC to drop ETH probe
19.6.2024
ETH jumped slightly and again broke $3,500 in the minutes after Consensys reported the SEC had dropped its investigation into Ethereum
SEC to drop investigation into Ethereum: Consensys
19.6.2024
The SEC’s enforcement division said it’s closing its investigation into Ethereum, though Consensys says the fight isn’t over yet
US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit
17.6.2024
The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit...
Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck
17.6.2024
The Australian Securities Exchange (ASX), which accounts for 90% of Australia’s equity market, has approved its first spot-bitcoin {BTC} exchange-traded fund (ETF), according to a blog from the issuer VanEck
Crypto chief bids SEC farewell after 9 years of service
17.6.2024
David Hirsch has worked as an enforcement attorney for the SEC since 2015 and started his post as the chief of the crypto asset division in 2022
U.S. SEC's Crypto Enforcer David Hirsch Quits
17.6.2024
David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday
Australian Securities Exchange (ASX) Approved Listing Its First Bitcoin ETF
17.6.2024
Vaneck, a global investment firm, has announced the launch of the Vaneck Bitcoin ETF (VBTC), the first Bitcoin exchange-traded-fund on the Australian Securities Exchange (ASX). Set to commence trading on June 20, 2024, the ETF is touted as the most cost-effective Bitcoin fund exposure in Australia....
Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only
17.6.2024
Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities...
Experts Warn SEC’s Consolidated Audit Trail Is Unconstitutional
16.6.2024
The U.S. Securities and Exchange Commission’s (SEC) newest surveillance tool, the Consolidated Audit Trail (CAT), has sparked significant concerns among privacy advocates and legal experts, who warn of an unprecedented expansion of government monitoring over financial transactions....