In a coordinated effort, the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DoJ) have settled charges with BIT Mining, formerly known as 500.com, for violations of the Foreign Corrupt Practices Act (FCPA) related to a bribery scheme aimed at influencing Japanese government officials. The DoJ revealed ...
ARK Invest CEO Cathie Wood is the latest industry stakeholder to express optimism about a potential shift in the United States regulatory landscape following the recent election, which she believes will unlock new growth in emerging technologies. In a video posted by ARK Invest on X on November 11, Wood ...
Paul Grewal, Coinbase’s Chief Legal Officer, has urged the U.S. Securities and Exchange Commission (SEC) to rethink its approach to the crypto industry, advocating for regulatory frameworks that prioritize innovation rather than litigation. His comments come amidst speculation of significant changes following Donald Trump’s re-election and his campaign pledge to ...
The United States Securities and Exchange Commission (SEC) has officially acknowledged NYSE Arca's application to convert Grayscael's Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF). The NYSE's application seeks to transform the GDLC—a fund that includes major digital assets such as Bitcoin, Ethereum, Solana, XRP, and Avalanche—into an ...
Several leading crypto companies and venture capital firms, including Coinbase, Andreessen Horowitz (a16z), Multicoin Capital, and Paradigm, have backed a Texas apparel company, Beba, and the DeFi Education Fund (DEF) in their ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The firms filed an amicus brief on ...
Coinbase CEO Brian Armstrong has called on the next chair of the U.S. Securities and Exchange Commission (SEC) to apologize to the cryptocurrency sector for what he views as unfavourable treatment under current chair Gary Gensler. In a post on X, Armstrong criticized ongoing legal actions against digital asset exchanges, ...
State securities regulators across North America are facing an unprecedented surge in technology-driven investment fraud as digital assets and social media scams reach record levels, according to a new report by the North American Securities Administrators Association (NASAA). The report reveals that regulators in the U.S, Canada, and other North ...
Crypto derivatives exchange Bitnomial has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), its chair Gary Gensler, and four commissioners, challenging the SEC’s jurisdiction over its XRP Futures product. Bitnomial alleged that the SEC's classification of XRP as a security, which led the agency to demand compliance ...
Ripple Labs is gearing up to challenge the U.S. Securities and Exchange Commission's (SEC) appeal of a recent court ruling that declared its retail sales of XRP did not violate securities laws. Ripple's CEO, Brad Garlinghouse, voiced his frustration in an October 3 post on X, vowing to fight the ...
XRP has experienced a surge in the past few days, reaching a high not seen since March, despite ongoing worries about a possible U.S. Securities Exchange Commission (SEC) appeal set for October 7, 2024. Over the weekend, the price of XRP surged from $0.59 on Friday to a peak of ...
