Shapeshifting Justice: The SEC’s Weakest Case Yet
[Mar 7 2:41 PM]
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Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
[Mar 7 6:17 AM] Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions
[Mar 6 11:30 PM] A U.S. district judge has sided with the Securities and Exchange Commission (SEC) in a ruling that declares the trading of certain crypto assets on secondary markets to be securities transactions. This decision emerged from an insider trading case…
SEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation
[Mar 6 9:30 PM] The U.S. Securities and Exchange Commission (SEC) has leveled charges against Shapeshift AG, accusing the company of operating without proper registration. This case has ignited a broader conversation on the regulatory framework for crypto assets…
Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript
[Mar 6 12:13 AM] "The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition.
ShapeShift Settles SEC Charges It Sold Crypto Securities
[Mar 5 6:58 PM] The federal regulator instituted a cease-and-desist against ShapeShift, which dissolved its U.S. crypto exchange in 2021.
SEC Pushes Back Decision on BlackRock, Fidelity's Ether ETF Applications
[Mar 5 6:50 PM] The SEC wants to know if the applications for ETFs that hold Ethereum's ether (ETH) are supported by the same arguments that led to the approval of spot bitcoin ETFs.
Binance.US Not Being Totally Forthcoming, SEC Complains in New Filing
[Mar 5 3:15 PM] The SEC and Binance.US filed a joint status report detailing ongoing discovery efforts on Tuesday.
If Bitcoin Clears $70,000, How Fast Will Ethereum Ease Past $5,000?
[Mar 5 1:00 PM] As Bitcoin surges towards its all-time high (ATH) of nearly $70,000, analysts are closely watching Ethereum, the world’s second-largest cryptocurrency, wondering how quickly it will follow suit and break its record ATHs of approximately…
U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales Are Securities Transactions
[Mar 3 11:58 PM] In an insider trading case involving Coinbase's former product manager Ishan Wahi, his brother Nikhil Wahi and their friend Sameer Ramani, a U.S. court ruled on March 1, 2023, that the trading of certain crypto assets on a secondary market, which…
House Financial Services Committee Advances Bill to Repeal SEC Bulletin Preventing Banks From Offering Crypto Custody Services
[Mar 1 11:00 PM] The House Financial Services Committee of the U.S. Congress has advanced a resolution that seeks to disavow SEC SAB 121, a bulletin that leaves banks and financial institutions out of the cryptocurrency custody provider market. However, the…
The Catch-22 of U.S. Crypto Regulation
[Mar 1 3:05 PM] The SEC is asking crypto and fintech firms to do the impossible. Only Congress can stop that.
Chamber of Digital Commerce: SEC Actions ‘Pose Separation of Powers and Due Process Concerns’
[Mar 1 4:30 AM] The Chamber of Digital Commerce, a Washington-based blockchain advocacy group, has filed an amicus curiae document on the SEC v Payward, Inc. (Kraken) case. The chamber argues that the actions of the SEC pose “separation of powers and due…
Terraform Labs Founder Do Kwon Faces Extradition Delay in Montenegro Amid SEC Fraud Allegations
[Mar 1 1:00 AM] Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last…
SEC Overstepped Bounds in Kraken Lawsuit, State AGs Charge
[Feb 29 8:36 PM]
SEC in ‘Enforcement-Only Mode’ for Crypto, Commissioner Peirce Says at ETHDenver
[Feb 29 6:48 PM] “What I reflect is the fact that you all are spending part of your brainpower” wondering how to avoid getting sued, she said during a panel at EthDenver.
Justin Sun Moves $100M To Binance, Stacking Ethereum?
[Feb 29 4:00 PM] Justin Sun, the co-founder of Tron–a smart contracting platform for deploying decentralized applications (dapps), is once again moving and shuffling millions of dollars. According to Lookonchain data on February 29, Sun reportedly transferred…
U.S. House Panel Votes to Disapprove of Controversial SEC Custody Guidance
[Feb 29 11:51 AM] The House Financial Services Committee also seemed inclined to adopt a bill giving the U.S. Secret Service more resources to investigate crypto crimes.
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
[Feb 29 2:01 AM] The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters.
Altcoin Market Cap Break From “Wyckoff Accumulation Phase”: Will Ethereum, XRP Fly?
[Feb 28 4:00 PM] In a post on X, one analyst observes that the altcoin market capitalization has broken from the Wyckoff accumulation phase. With this upswing, the trader expects altcoin prices to move higher. This refreshing breakout coincides with Bitcoin’s…
Bitcoin Price Soars: Analyst Sets 2025 Price Target At $200,000
[Feb 27 6:00 AM] Bitcoin, the largest cryptocurrency asset by market cap, suddenly took off on Monday, reaching the $57,000 price mark for the first time in the last 26 months, prompting several predictions of a new all-time high before the end of 2025. Bitcoin…
Crypto Exchange Kraken Shares ‘Real Story’ of SEC Lawsuit — Claims SEC Seeks ‘Boundless Authority’ Over Commerce
Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset Industry
[Feb 24 6:30 AM] Lejilex and the Crypto Freedom Alliance of Texas, a crypto nonprofit, have teamed up to introduce a complaint against the actions of the SEC towards actors in the digital asset industry in America. The complaint alleges that the SEC has no…
Coinbase on Grayscale Ethereum Spot ETF Application: “ETH Is a Commodity, Not a Security”
[Feb 24 3:30 AM] Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by…
Looking at Kraken's Motion to Dismiss an SEC Lawsuit
[Feb 23 5:30 PM]
In Lejilex vs. SEC, Crypto Goes on Offense in the Courts
[Feb 23 9:28 AM] The Texas-based crypto firm's new suit shows how the industry can use “impact litigation” to get regulatory clarity, lawyers Jake Chervinsky and Amanda Tuminelli write.
Crypto Exchange Kraken Files to Dismiss SEC Lawsuit Against It
[Feb 22 8:02 PM] The U.S. Securities and Exchange Commission didn't allege fraud and stretched the definition of a contract in its lawsuit against Kraken, the exchange said in a motion to dismiss the case Thursday.