SEC

Highlights: Coinbase’s Paul Grewal urged the SEC to withdraw its rule on DEXs, citing flawed assumptions. The SEC’s proposed rule aims to regulate DEXs as traditional exchanges, which Coinbase argues is impractical. Coinbase criticized the SEC’s cost-benefit analysis as flawed, […]

Highlights: SEC charges NovaTech with operating a $650 million Ponzi scheme, defrauding over 200,000 investors. Promoters and founders are accused of using investor funds to pay earlier investors and for personal gain. The legal action seeks permanent injunctive relief, disgorgement, […]

Highlights: Ripple CLO Alderoty calls for Harris to address SEC crypto regulations Ripple’s recent court win was viewed as significant, though a $125M fine was imposed Harris is engaging with crypto leaders, hinting at potential regulatory change Ripple’s Chief Legal […]

Highlights: Ideanomics settled with SEC over fraudulent crypto revenue disclosures. Key figures, including ex-CEO Zheng Wu, faced penalties and bans. Ideanomics agreed to a $1.4 million penalty and enhanced compliance measures. The United States Securities and Exchange Commission (SEC) has […]

Highlights: NYSE American proposes rule change for options on Bitwise and Grayscale spot Ethereum ETFs. Options-linked crypto funds are viewed as high-risk by regulators. Ether ETFs face $23M in outflows, with Grayscale’s ETHE leading losses. On August 7, the New […]

Highlights: The SEC claims that Coinbase’s subpoena request for millions of documents is excessive and irrelevant to the case. The regulator has already produced 240,000 documents and is reviewing 117,000 more, calling additional requests excessive. Coinbase seeks transparency, arguing the […]

XRP price has experienced significant growth over the past 24 hours. The token hovers above $0.65, indicating an ascending trend following a market rebound. At the time of writing, XRP is trading at $0.6523 during the European trading hours, making […]

Highlights: Donald Trump raised $25 million at the Bitcoin Conference 2024 for his re-election campaign. The crypto industry demonstrated strong support for Trump through significant fundraising and attendance. The Bitcoin Conference underscores crypto’s rising political influence and future impact. According […]

Highlights: Andrew Left faces $16M fraud charges for alleged stock market manipulation SEC and DOJ scrutinize short-seller practices, highlighting Left’s case Left’s trial impacts financial and cryptocurrency market regulations Andrew Left, the founder of Citron Research, has pleaded not guilty […]

Highlights: SEC plans to amend claims against Binance, potentially altering token classification under the law Binance.US prepares for an extended legal battle, emphasizing readiness for the in-depth discovery phase Legal outcomes could set precedents for the regulation of digital tokens […]

Highlights: Brian Frye and Jonathan Mann filed a lawsuit against the SEC, questioning NFTs as securities. The lawsuit uses Taylor Swift’s concert tickets as an analogy to highlight the absurdity of the SEC’s approach. Attorneys argue the SEC’s broad interpretation […]

Highlights: SEC charges Andrew Left with fraud, alleging manipulation through misleading stock recommendations DOJ initiates criminal case against Left for securities fraud and market manipulation The case prompts a reevaluation of stock recommendation practices and market transparency The Securities and […]