Binance has asked that the court dismiss the amended complaint of the U.S. Securities and Exchange Commission (SEC) in their ongoing lawsuit regarding its alleged violations of U.S. securities law. The SEC's amended complaint, which was filed in September 2024, added tokens such as Axie Infinity (AXS), Filecoin (FIL), Cosmos ...
Brad Garlinghouse, CEO of Ripple Labs, recently expressed regret for not engaging with U.S. regulators earlier in the development of cryptocurrency trading. In a conversation with CNBC at DC Fintech Week on October 24, Garlinghouse noted that he has "made far more trips to DC in the past few years" ...
The Attorney General of Iowa, Brenna Bird, has filed an amicus brief asserting that the United States Securities and Exchange Commission (SEC) exceeds its regulatory authority over the cryptocurrency sector. This brief, supported by attorneys general from Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma, claims the SEC's actions are stifling ...
Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), is likely to resign within the first two months of 2025, following the end of President Joe Biden's term, according to Markus Thielen, founder of 10X Research. Thielen's prediction, which is contained in his firm’s market report published ...
Fox journalist Eleanor Terrett has raised questions about whether the recent actions by the US Securities and Exchange Commission (SEC) signify an acknowledgment of the necessity to relax the famed Staff Accounting Bulletin(SAB) 121's requirements for banks and brokerages. Terret's comments come in response to a Bloomberg report that revealed ...
According to Coinbase CEO Brian Armstrong, cryptocurrency would usher in a future where the global financial system is more efficient, fair, and accessible. In an interview with the Wall Street Journal earlier this week, Armstrong shared his optimistic vision for the future of cryptocurrency, a future where a significant portion ...
Cryptocurrency exchange Coinbase has filed a lawsuit against two U.S. federal agencies, the Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC), for allegedly failing to comply with its Freedom of Information Act (FOIA) requests. The complaint, which was filed today, June 27, 2024, at the U.S. District ...
Alex Thorn, Head of Research at Galaxy Research, has raised concerns about the Securities and Exchange Commission (SEC) potentially categorizing staked Ether as a security. Thorn's speculation comes amidst growing expectations that the U.S. SEC might soon approve Ethereum exchange-traded funds (ETFs). "If the speculation about a 180-degree turn from ...
Nate Geraci, President of The ETF Store, has publicly challenged the U.S. Securities and Exchange Commission’s (SEC) anticipated stance on Ethereum (ETH) spot exchange-traded Funds (ETFs). In a series of statements published on social media, Geraci questioned the logic behind a potential denial, particularly given the SEC’s previous approval of ...
In a bold move, Terraform Labs, the company behind the troubled TerraUSD stablecoin and LUNA, is gearing up to challenge the U.S. Securities and Exchange Commission (SEC) in court over the $5.3 billion fine. The company is pushing for a significantly reduced penalty of just $1 million, citing jurisdictional issues ...
