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Advocacy group urges SEC rethink crypto probes and lawsuits from ‘day one’

[Dec 19 5:43 AM] The Digital Chamber issued a crypto agenda for the incoming SEC leadership to repair its “troubled relationship” with the crypto industry.

Ripple Fires Back at SEC: Cross-Appeal Seeks to Overturn Unresolved XRP Issues

[Oct 12 11:30 PM] Ripple has escalated its legal battle with the U.S. Securities and Exchange Commission (SEC), filing a cross-appeal to challenge unresolved issues around XRP sales. This comes after the SEC sought to overturn parts of the rulings that cleared…

Coinbase Challenges SEC’s Definition of ‘Investment Contracts’ in Crypto Transactions

[Apr 14 10:33 PM] In a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes…

Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’

[Mar 3 9:30 PM] Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not…

Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

[Oct 24, 2023 11:49 PM] Coinbase says the SEC’s definition of an investment contract isn’t in line with U.S. securities laws.

SEC Charges Stoner Cats Over $8M Unregistered NFT Offering: Mila Kunis-Backed NFT Project to Pay $1M Penalty

[Sep 13, 2023 12:00 PM] The Securities and Exchange Commission (SEC) charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs) that raised about $8 million from investors to finance an…

Law Professors Blast SEC’s Concept of Investment Contract in Amicus Brief

[Aug 14, 2023 5:30 AM] Six professors of law have issued an amicus brief in favor of Coinbase, blasting the U.S. Securities and Exchange Commission’s (SEC) stance on the definition of investment contracts. Through a historical examination of the development of…

Coinbase Urges Court to Dismiss SEC Case, Claiming Regulator ‘Overstepped’ Its Statutory Authority

[Aug 4, 2023 11:30 AM] In a motion for judgment filed on August 4, Coinbase hit back against the SEC’s lawsuit alleging it facilitated unregistered trading of securities, arguing the agency lacks authority to regulate digital assets in this way. Coinbase Fights…

Ripple CLO Stuart Alderoty Explains Securities in ‘After Hours’ Parody Skit

[Aug 2, 2023 3:30 AM] Stuart Alderoty, CLO of Ripple, prepared a skit explaining the definition of securities according to the company, supported by the recent ruling in the SEC v. Ripple case. The segment, titled “After Hours,” parodies U.S. Securities…

Ripple vs. SEC — Respite for a Beleaguered Industry

[Jul 25, 2023 2:30 PM] On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange…

SEC States Coinbase Misinteprets Howey Test, Misuses Major Questions Doctrine

[Jul 10, 2023 12:30 AM] The U.S. Securities and Exchange Commission (SEC) answered the latest filing of Coinbase by shooting down the arguments presented by the exchange to throw out the ongoing lawsuit. The filing reaffirms the institution’s jurisdiction on…

Coinbase CLO Paul Grewal: SEC’s Interpretation of ‘Investment Contract’ Violates Law

[Jul 6, 2023 5:30 AM] Paul Grewal, CLO of Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of violating the law by assessing what constitutes an investment contract. Grewal’s reasoning…

SEC accuses Utah firm of 'fraudulent' $18M crypto mining scheme

[Mar 6, 2023 7:12 PM] The SEC said Green United’s operation was a fraud and the community was quick to quell fears of the SEC classing crypto mining as a security in the suit.

Ripple CEO: XRP lawsuit resolved by June, SEC conduct 'embarrassing'

[Jan 18, 2023 8:14 PM] Ripple CEO Brad Garlinghouse said the firm's XRP lawsuit could come to an end within "single-digit months."