Veteran attorney Bill Morgan has predicted that the United States Securities Exchange Commission (SEC) has a slim chance of winning an appeal against Ripple in the ongoing XRP lawsuit. He concluded that the SEC's odds are a mere 3%. Morgan expressed this view in a tweet on October 22, 2023. ...
LBRY Inc. has issued its final message to the crypto community, acknowledging financial difficulties that have led to the company's closure. This message was shared on Odysee, a video-sharing platform powered by LBRY Inc., and later spread to other platforms. In the statement posted on October 19, 2023, also shared ...
According to a recent estimate by data analytics company CryptoQuant, should bitcoin spot exchange-traded funds (ETFs) be legalized, bitcoin would increase to a value of $900 billion and the overall cryptocurrency market will grow by $1 trillion. No doubt this is very ambitious and this latest prediction follows the recent ...
Digital asset management firm Grayscale has achieved a significant legal victory over the United States Securities and Exchange Commission (SEC) in its pursuit to transform its Grayscale Bitcoin Trust (GBTC) into a publicly traded Bitcoin exchange-traded fund (ETF). The SEC had previously rejected Grayscale's application in June 2022, citing concerns ...
Coinbase is currently facing legal action from the United States Securities and Exchange Commission (SEC) over its failure to register as a broker. However, before the SEC took legal action, the regulatory body instructed Coinbase to remove all cryptocurrencies from its platform, with the exception of Bitcoin. Brian Armstrong, the ...
Stuart Alderoty, the Chief Legal Officer of Ripple, has firmly dismissed concerns over a potential appeal by the U.S. Securities and Exchange Commission (SEC) in the wake of a recent groundbreaking decision in favor of Ripple Labs. The judgement came on July 13, 2023, when Judge Analisa Torres ruled that ...
Caroline Pham, a commissioner of the Commodities Futures Trading Commission (CFTC), has said that the recent legal victory of Ripple against the U.S. Securities and Exchange Commission (SEC) would pave the way for regulatory clarity in the U.S. cryptocurrency industry. In an interview with Bloomberg TV on July 17, 2023, ...
Former Celsius Network CEO Alex Mashinsky has been released on a $40 million personal recognizance bond after being arrested on fraud charges. Mashinsky was arrested on July 13, 2023, by the U.S. Department of Justice over seven criminal charges against him, including securities fraud, wire fraud, commodities fraud, and price ...
Rodrigo Seira, special counsel for Paradigm, a crypto investment firm, has accused the U.S. Securities Exchange Commission (SEC) of overreaching its jurisdiction by attempting to regulate secondary crypto markets. Seira expressed his views in a series of tweets on July 11, 2023, in relation to Paradigm's amicus brief filing on ...
Thailand's Securities and Exchange Commission (SEC) has recently introduced updated regulations aimed at enhancing investor protection in the digital asset industry. These updated regulations focus on ensuring that investors are aware of the potential risks associated with trading cryptocurrencies. According to these updated rules, digital asset service providers must provide ...
