As the blockchain-based markets for non-fungible tokens (NFTs) rapidly expand, the question of their status as securities or investment contracts has landed in the cross-hairs of the U.S. Securities and Exchange Commission (SEC) in the form of a lawsuit.
Although ripple and the SEC have been trading barbs, a prominent crypto lawyer believes the two sides may never face off in trial court. He believes both parties may come to an out-of-court settlement as it can lead to a quicker resolution.
Billionaire entrepreneur and Shark Tank star Mark Cuban has lent his voice to the ongoing debate over cryptocurrency regulation, taking a shot at the U.S. Securities & Exchange Commission (SEC) in a recent tweet.
In a remarkable turn of fate, Ripple’s legal battle against the U.S. Securities and Exchange Commission has cost Ripple’s XRP token nearly 3 years of adoption, according to Ripple lawyer Stuart Alderoty.
The US Securities and Exchange Commission (SEC) has accused a crypto-based fund of misleading investors with false information and promises. The SEC has vowed to take further legal action against the fund for its deceptive tactics.
Gemini Trust Co., owned by the Winklevoss twins, has put forth a motion to dismiss the Securities and Exchange Commission’s lawsuit against Gemini for allegedly selling unregistered securities.
The U.S. Securities and Exchange Commission and South Korean financial agencies have joined forces against Terraform Labs, an alleged company involved in an ongoing securities fraud scandal. The collaborative efforts signal a new era of international collaboration to protect investors – no matter where they are – from illegal practices.
The SEC is looking into approving Ethereum-based Exchange Traded Funds (ETFs) for the US financial market, and according to reports, they may act faster than usual. It remains to be seen if this is the new norm for cryptocurrency-based finance.
A U.S. judge has granted the SEC’s motion to interrogate Terra Labs Co-founder Daniel Shin over allegations of securities fraud. Shin is accused of deceiving investors and manipulating trading data. The judge’s decision is expected to have wide-reaching implications on the case.
The US Securities and Exchange Commission has been accused of allegedly pushing for a fake opposition letter to block a major Bitcoin ETF in December 2020. It ignited an uproar in the crypto-world and drew focus to the lingering debate about the regulation of the industry.