3 / 7 Relevant items tagged with #Securities
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Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker
[May 5, 2024 8:19 AM] A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally…
Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum
[Apr 25, 2024 12:36 PM] Ethereum developer Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission, striking back against what the company calls an “unlawful seizure of authority” over Ethereum by the federal regulator.
Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment
[Apr 23, 2024 1:32 AM] Ripple Labs filed its opposition on Monday against the U.S. Securities and Exchange Commission's (SEC) proposal to ask a New York judge to impose a nearly $2 billion fine against the company behind the XRP Ledger blockchain.
Coinbase Seeks to Take Core Question in U.S. SEC Case to Higher Court
[Apr 12, 2024 6:13 PM] Coinbase is seeking to rip the bandage off of a legal impasse at the center of the crypto industry's fight with the U.S. Securities and Exchange Commission (SEC), filing an interim appeal on Friday that would ask a higher federal court to drill…
Judge Denies Coinbase Dismissal Request; CEO Hails Win for Self-Custody Wallets
[Mar 27, 2024 10:35 AM] New York Judge Katherine Polk Failla has ruled that the U.S. Securities and Exchange Commission (SEC) has “sufficiently pleaded” its case and the lawsuit will move forward. Legal Battle Ahead: Coinbase Dismissal Motion Rejected by Judge On…
SEC Seeks $1.95B Fine in Final Judgment Against Ripple
[Mar 25, 2024 11:56 PM] The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a nearly $2 billion judgment against Ripple Labs, according to court filings.
Why the SEC Shouldn’t Classify ETH as a Security
[Mar 20, 2024 1:17 PM] Reports suggest the SEC may be about to categorize ETH as a security, with huge implications for the blockchain’s future. Here’s why the SEC would be wrong.
Meme Coins Going Legit Is the Worst Thing for Meme Coins
[Mar 15, 2024 11:51 AM] Institutions like Franklin Templeton are taking meme coins increasingly seriously this cycle. But will these joke-y projects run afoul of regulators?
Prometheum Taps Morgan Stanley Exec as CFO Just Before Opening Doors
[Mar 4, 2024 9:56 AM] Controversial crypto platform Prometheum continues to signal its seriousness about moving forward as the industry's sole U.S. special-purpose crypto broker-dealer, having now hired a chief financial officer with a Wall Street pedigree from the…
U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales Are Securities Transactions
[Mar 3, 2024 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…
Ether’s Prometheum Test
[Feb 8, 2024 4:17 PM] The “only U.S.-registered crypto securities platform" is listing ETH in a bold test of the U.S. Securities and Exchange Commission's thesis that most cryptocurrencies are securities.
Bitfinex Securities Launches in El Salvador
[Feb 3, 2024 5:30 AM] Bitfinex has launched Bitfinex Securities El Salvador S.A. de C.V., its securities tokenization services company in the country. The exchange, one of the first regulated digital asset service providers in El Salvador, expects its proposal to be…
Security Definition at the Core of Coinbase v SEC First Scuffle
[Jan 19, 2024 4:00 PM] Coinbase, a U.S based cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) had their first scuffle as New York’s Judge Katherine Polk Failla weighted in on a motion to dismiss the case in which the regulator alleges…
Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don't Need Green Light From SEC
[Jan 4, 2024 6:13 AM] RDC's aim is to address the institutional desire to bitcoin investment that may not be satisfied by a spot ETF.
Terraform Labs' LUNA and MIR Tokens are Securities, Judge Rules
[Dec 28, 2023 5:06 PM] A federal judge issued summary judgements siding with the SEC's arguments that Terraform had illegally sold unregistered crypto securities.
Former Lido holder files class action lawsuit against Lido DAO for crypto losses
[Dec 18, 2023 12:00 PM] The investor claimed that 64% of Lido tokens are controlled by just a few venture capital firms, preventing ordinary investors from having any control over decisions.
CFTC Chairman: Many Crypto Tokens Are Considered Commodities Under Existing Laws
[Dec 17, 2023 3:00 AM] The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has stated that many digital assets are considered commodities under existing law. Behnam urged the U.S. Congress to hasten the process of establishing a regulatory…
Philippines Securities Regulator Says Binance Is Operating Without a License
[Nov 30, 2023 4:30 AM] Crypto exchange Binance is not a registered corporation in the Philippines hence its activities in the country are not above board, the Asian country’s securities regulator has said. The regulator warned of a possible jail term for…
Cardano’s Charles Hoskinson Clashes With Blockstream’s Adam Back Over Crypto Security Classification
[Nov 28, 2023 8:30 AM] Charles Hoskinson, co-founder of Input Output Global (IOHK) and the Cardano blockchain initiative, recently expressed his frustration in a video over the U.S. regulator’s decision to categorize the cryptocurrency cardano as a security…
End of an Era: CZ Steps Down, SEC Names More ‘Securities,’ as US Crypto Crusade Continues — Week in Review
[Nov 26, 2023 7:30 AM] Bitcoin.com News reported this week that leading crypto exchange Binance will settle with the United States Department of Justice (DOJ) for $4.3 billion, related to breaching anti-money laundering and sanctions regulations. The well-known face of…
‘They’re Playing a Game’: What New Yorkers Think of the SEC’s War Against Crypto
[Nov 21, 2023 12:28 PM] After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation.
SEC sues Kraken alleging it's an unregistered exchange, mixes user funds
[Nov 20, 2023 4:45 PM] The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency.
Chainlink (LINK) pumps 26% in 6 days — Is there room for more?
[Nov 8, 2023 3:24 PM] LINK token continues to strengthen as professional traders and enterprise solution clients enter Chainlink’s ecosystem.
SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged by SEC
[Nov 1, 2023 11:01 AM] The Securities and Exchange Commission (SEC) has charged SafeMoon and its executive team with perpetrating a fraudulent scheme through an unregistered securities sale.
Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit
[Oct 30, 2023 8:56 PM] Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws.
Binance Blasts CFTC for Trying to Be World’s Derivatives Police, Seeks to Dismiss Lawsuit
[Oct 25, 2023 4:45 PM] Binance has submitted a new motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) against it. The leading cryptocurrency exchange urges the court to reject the agency’s attempt to expand its territorial reach…
Fidelity Submits Updated Spot Bitcoin ETF Application
[Oct 19, 2023 12:30 AM] Fidelity has submitted an updated proposal for a spot bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The asset manager joins other applicants in continued efforts to address regulatory concerns that have…
DLT Securities Rules Are Here to Stay, EU Official Says
[Oct 18, 2023 6:20 AM] New European laws took effect in April, but fears over its limited scale may have inhibited take-up.
Deadline for SEC Appeal Against Grayscale’s Spot Bitcoin ETF Ruling Expires
[Oct 14, 2023 8:03 AM] The U.S. securities regulator has apparently missed a deadline to appeal a court ruling against its rejection of Grayscale’s spot bitcoin ETF application. Media reports, quoting sources familiar with the matter, unveiled ahead of the deadline that…