John Deaton, a vocal pro-Ripple attorney, has spotlighted the potential effectiveness of the Safe Harbor concept in addressing the lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple. Deaton believes that adopting this legal clause could have saved Ripple millions of dollars in legal fees and further ...
Terraform and Do Kwon's legal representatives have submitted additional documents in their bid to dismiss the complaint against their clients. However, the United States Securities and Exchange Commission (SEC) attorneys argued that these documents were insufficient to justify the dismissal of the case. On June 15, 2023, the attorneys filed ...
The U.S. Securities and Exchange Commission (SEC) has responded to the ongoing dispute with Coinbase following the order from the U.S. Court of Appeal for the Third Circuit. In a letter sent to the court on June 13, 2023, the securities regulator dismissed Coinbase's request for prompt action, deeming it ...
During a Bloomberg interview on June 13, 2023, Michael Saylor, co-founder of MicroStrategy, shared his belief that recent enforcement actions by the U.S. Securities and Exchange Commission (SEC) will ultimately benefit Bitcoin. Saylor suggested that increased regulatory scrutiny of cryptocurrency companies in the United States could lead to the emergence ...
Binance.US has opposed the U.S. Securities and Exchange Commission’s (SEC) motion for a temporary restraining order that seeks to freeze its assets. In a filing submitted on June 12, 2023, Binance.US labelled the SEC's emergency application as "draconian and unduly burdensome," claiming that it would effectively result in the company's ...
Paradigm, a crypto venture capital firm, has criticized the United States Securities and Exchange Commission (SEC) over its attempts to classify the term "exchange" to include decentralized exchanges (DEXes). The U.S. SEC proposed an amendment to the 1934 Securities Exchange Act that includes DEXes and decentralized financing (DeFi) platforms within the ...
Robinhood is taking proactive measures in response to recent actions by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase. The popular retail brokerage platform is reportedly investigating its cryptocurrency services and carefully reviewing the regulator's stance to determine its course of action. The SEC's recent legal action ...
The United States Securities and Exchange Commission (SEC) has initiated legal action against Coinbase on the allegations it violated securities regulations by operating an unregistered security broker. Today we charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency and ...
The United States Securities and Exchange Commission (SEC)'s recent lawsuit against Binance has substantially impacted both the crypto market and the exchange's financial position. Since the announcement of the lawsuit, there has been an increase in user withdrawals of Bitcoin, Ethereum, and Stablecoins from Binance's exchange platform. However, it is ...
John Reed Stark, a former director at the United States Securities Exchange Commission (SEC), has issued a warning to social media crypto influencers on Twitter, alerting them to the potential consequences of their actions. Attention all crypto promoters who use social media to manipulate the price of crypto-securities: Fail not ...
