The SEC’s ruling against Ripple has brought new implications for the future of cryptocurrencies categorized as securities. Will Sol, ADA and other already-circulating tokens be reclassified as well? With the SEC’s enforcement, the fate of these tokens hangs in the balance.
Ripple’s legal victory in a U.S. court is a sign that crypto companies can stand up to the SEC. The court’s decision could lead to greater legal protection for cryptocurrencies, allowing them to operate more freely and innovate without fear of regulatory repercussions.
On Thursday, the crypto exchanges Coinbase and Bittrex both announced they were re-listing XRP following Ripple’s victory in court against the U.S. Securities and Exchange Commission (SEC). This is a significant legal victory for the company and XRP holders.
After a months-long investigation, ex-Celsius CEO Alex Mashinsky has been arrested on charges of fraud in connection with the company’s reported finances. The SEC has also filed charges against Celsius, alleging violations of securities laws.
Alex Mashinsky, former CEO of cryptocurrency lending startup Celsius, has been arrested and the US Securities and Exchange Commission (SEC) has filed against Celsius, report sources. Mashinsky has been associated with the company since its launch in 2017.
Breaking news: Former Celsius CEO, Stephen McNamara, has been arrested in connection with a fraud and securities violation lawsuit filed by the SEC.
Coinbase Lawyers Argue Biden Student Loans Ruling Aids Defense Against SEC
In a surprising twist, Coinbase’s legal team is citing President Biden’s recent student loan ruling to bolster their defense against the Securities and Exchange Commission (SEC). Claiming that the SEC’s lawsuit lacks clarity regarding the regulatory status of cryptocurrencies, the lawyers argue that Biden’s stance on debt forgiveness illustrates a broader trend of leniency towards innovative financial solutions. This unexpected legal move could potentially reshape the ongoing battle between Coinbase and the SEC, impacting the future of cryptocurrency regulation.
Former SEC Chairman Jay Clayton recently expressed his opinion on the approval of Spot Bitcoin ETFs, saying that they “deserve approval”. Clayton, who served as the Chairman of the U.S. Securities and Exchange Commission from […]
SEC approval of the world’s first spot Bitcoin exchange-traded fund (ETF) is unlikely to significantly alter crypto markets, according to JPMorgan analysts. Despite increased investor interest, the bank suggests the landmark move won’t be a ‘game changer.
The Securities and Exchange Commission (SEC) is reportedly demanding greater clarity and comprehensive information in Bitcoin exchange-traded fund applications, according to a new report. This latest move signals SEC’s stricter stance on crypto trading.