In its long and infamous legal battle with the US SEC, Ripple Labs successfully disputed the categorization of its XRP token as a security. The victory echoes throughout the cryptocurrency community, not only benefiting the company but providing newfound optimism within the crypto sphere. Bracing for an SEC Appeal: An Opportunity in Disguise? Despite this...Read More
In a dramatic turn of events, the U.S. Securities and Exchange Commission (SEC) recently admitted its inability to categorize syndicated loans as securities. The news came in a letter addressed to a court that has been eagerly awaiting the SEC’s opinion on this critical matter. The @SECGov is a broken institution and that’s not an...Read More
In a recent development, a landmark judgment regarding the status of Ripple’s XRP token as a security is not expected to influence the ongoing bankruptcy proceedings of the beleaguered crypto lender, Celsius. This information was revealed by the legal counsel representing Celsius during a court hearing in New York on Tuesday. Ripple’s XRP and Celsius’...Read More
Prominent lawyer Jeremy Hogan, a partner at Hogan & Hogan, recently shared his thoughts on the possibility of appeals in the ongoing Ripple vs. SEC case. With extensive experience in handling appeals, Hogan sheds light on the timing, types of appeals, and the likelihood of each party pursuing them. Let’s dive into his valuable insights....Read More
A twist in the tale came when, a third-party entity called “Eeon” submitted a motion to intervene in the ongoing lawsuit involving the US Securities and Exchange Commission (SEC), cryptocurrency exchange Binance, and its CEO Changpeng “CZ” Zhao. This intervention by “Eeon” introduces a new player into the legal battle between the SEC and Binance,...Read More
The Ripple Vs SEC summary is finally out after much anticipation. The XRP community celebrates the victory for Ripple as Judge Analisa Torres has ruled that XRP is not a security as contended by the SEC. However, while this ruling settles the question of XRP’s classification, there remains a need for clarity regarding the implications...Read More
Prominent legal expert, Bill Morgan, recently ignited a debate surrounding the implications of a judge’s recent decision concerning Ripple’s On-Demand Liquidity (ODL). A Clash of Perspectives Morgan highlighted his concerns via a tweet, where he flagged an inconsistency in the judge’s perspective. According to the legal stalwart, the judge’s view of institutional sales failed to...Read More
In a surprising moment, the U.S. government has made a significant move in the cryptocurrency market. A whopping 9800 Bitcoins, previously seized from the infamous Silk Road marketplace, have been transferred. This unexpected action has left many investors and market analysts speculating about the potential impact on Bitcoin’s price and left holders on the edge...Read More
On June 6, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase, accusing the popular cryptocurrency exchange of operating as an unregistered national securities exchange and broker. The SEC further claimed that at least 13 cryptocurrencies offered by Coinbase, including Solana and Cardano’s tokens, should be classified as “crypto asset securities.” Prior...Read More
In a move to bolster investor protection, Thailand’s Securities and Exchange Commission (SEC) is rewriting the rulebook for digital asset service providers. This shake-up is sending shockwaves through the industry, demanding a higher level of transparency and caution in crypto trading. Warning Signs: The Crypto Caution Call The new regulations require all digital asset service...Read More
Despite the anticipation surrounding the Ripple vs.The SEC case, it is crucial to remain patient and trust the legal process. The decision will have a monumental effect on the digital asset space, with Ripple’s ongoing efforts, partnerships, and potential integration into banking systems. In a new video by Digital Outlook with David, the host discussed...Read More
Prominent lawyer and advocate for XRP, John Deaton, recently shared his thoughts on the latest developments in the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). Deaton expressed his experience of receiving an email related to the case, which initially sparked anticipation but turned out to be the withdrawal of a...Read More
In an attention-grabbing tweet that has caught the eye of many, John Deaton, a renowned lawyer and the founder of Crypto Law US, has presented a thought-provoking viewpoint on the ongoing Ripple vs SEC saga. Deaton argues that the lawsuit has paradoxically acted as an unexpected catalyst for increased awareness and adoption of Ripple’s XRP....Read More
In a landmark decision, the Supreme Court has ruled in favor of Coinbase, the leading cryptocurrency exchange, in a high-stakes arbitration case. This ruling marks a significant milestone in the legal recognition and regulation of cryptocurrency exchanges. Coinbase Celebrates a Victory at the US Supreme Court In a closely contested 5-4 decision, the Supreme Court...Read More
Crypto.com has come under scrutiny for its internal trading teams engaged in token trading activities. This development highlights potential conflicts of interest within the digital asset industry. Sources familiar with the matter reveal that Crypto.com, based in Singapore and ranked among the top 10 global crypto exchanges, operates proprietary trading and market-making teams. US regulators...Read More
In an unexpected development, Binance, a global leader in cryptocurrency exchanges, has declared its departure from the Netherlands. This decision emerges during a challenging time for the company, as it grapples with a lawsuit from the U.S. Securities and Exchange Commission (SEC) and the unsuccessful attempt to obtain a Virtual Asset Service Provider (VASP) license...Read More
The rapidly shifting dynamics of the cryptocurrency market, notorious for its unpredictable sways and turns, are about to enter a decisive phase. Prominent crypto commentator and analyst MetaManLaw has flagged the next 36 hours as particularly critical for the sector. The next 36 hrs will be critical for crypto. Today 5 pm: @Binance files its...Read More
In a significant legal victory, Galaxy Digital, a prominent American cryptocurrency investment and asset management company, has emerged unblemished from its lawsuit with BitGo, a provider of digital asset custody services. Reports indicate that the case has been dismissed, providing Galaxy Digital with a crucial reprieve in this legal dispute. Court Validates Galaxy’s ‘Clean Termination’...Read More
The US Securities and Exchange Commission (SEC) has taken action against Coinbase and Binance, two of the leading global cryptocurrency exchanges. By launching a series of charges, the SEC has initiated a legal conflict that will play a significant role in shaping the trajectory of cryptocurrencies moving forward.JPMorgan recently published a research report discussing the...Read More
The Securities and Exchange Commission (SEC) has recently brought forth a series of charges against Coinbase and Binance, both prominent global cryptocurrency exchanges. In a span of less than 24 hours, the SEC filed lawsuits against major players in the cryptocurrency industry. The first lawsuit targeted Binance, the world’s largest cryptocurrency exchange, and its CEO...Read More
The U.S. Department of Justice (DOJ) has brought charges against Russian nationals Alexey Bilyuchenko and Aleksandr Verner for their alleged roles in the notorious Mt. Gox hack of 2014, an incident that sent shockwaves through the cryptocurrency world. This high-profile case stands as one of the largest thefts in the history of digital currencies. According...Read More
The Chief Legal Officer of Ripple, Stuart Alderoty, recently took to Twitter to express his deep appreciation for the insights of the late Harvey Pitt, former Chairman of the U.S. Securities and Exchange Commission (SEC). Remembering former SEC Chair Harvey Pitt today. Ripple owes a debt of gratitude to Harvey for explaining that once the...Read More
In the midst of a storm stirred by a lawsuit from the Securities and Exchange Commission (SEC), Binance CEO Changpeng Zhao (CZ) has penned an open letter to his employees. The letter, a beacon of transparency and resilience, addresses the allegations head-on, clarifies misconceptions led by recent leaked chats, and reaffirms Binance’s unwavering commitment to...Read More
Entrepreneur and “Shark Tank” star Kevin O’Leary has said that cryptocurrencies are ‘radioactive waste’ until an agreement is reached between digital asset leaders and the Securities and Exchange Commission (SEC). “I’ve talked to sovereign wealth, I’ve talked to institutions in the last 48 hours and they’ve said this makes this asset class radioactive waste. We...Read More
After several months of speculation, the US Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, a prominent cryptocurrency company based in the United States. The lawsuit, filed on Tuesday in the Southern District of New York, alleges that Coinbase and its parent company, CGI, violated securities regulations by operating as an unregistered...Read More
Kim Kardashian, a celebrated figure in the entertainment industry, has faced a setback in her legal battle against allegations of deceiving investors through the promotion of EthereumMax (EMAX), a cryptocurrency. Meanwhile, former professional boxer Floyd Mayweather Jr. has received a more favorable ruling regarding his involvement in the promotion of EMAX. The lawsuits involve investors...Read More
Coinbase And SEC The Securities and Exchange Commission (SEC) has filed charges against Coinbase, accusing it of operating an unregistered securities exchange, broker, and clearing agency since 2019. The SEC also alleges that Coinbase has been running an unregistered securities offering via its staking-as-a-service program. The complaint states that Coinbase’s failure to register has deprived...Read More
As Hong Kong unveils new regulatory rules on cryptocurrency exchanges, the region is anticipated to witness a surge in applications from major players seeking licenses. Tron founder Justin Sun, in a recent interview with CoinDeskTV, revealed his expectation that prominent exchanges such as HUOBI, OKX, GATE IO, BITGET, and BYBIT, would be among the serious...Read More
In a recent development, Lawyer Kylie Chiseul Kim has been granted permission to withdraw as counsel for Ripple Labs, a move that could potentially impact the company’s legal position, according to reports. This decision by the Southern District Court of New York has raised concerns about Ripple’s defense strategy in the ongoing lawsuit filed by...Read More
Kraken, a cryptocurrency exchange, has observed favorable results by maintaining its operations in Canada amidst the plans of rivals such as Binance and OKX to withdraw. Following Binance’s announcement of its departure in early May, Kraken experienced a notable 25% increase in customer deposits within the country. Binance has made an official announcement regarding its...Read More
