A coalition of 18 U.S. states has filed a lawsuit against the Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, alleging unconstitutional overreach in regulating cryptocurrencies. The lawsuit, signed by Republican Attorneys General, criticizes the SEC’s enforcement-driven approach, which they argue undermines the states’ ability to create tailored ... Read more
Monex Group has announced that its crypto exchange, Coincheck, has cleared a key regulatory milestone with the U.S. Securities and Exchange Commission (SEC), making its upcoming Nasdaq listing a significant step closer. Coincheck’s registration statement (Form F-4) has been officially deemed effective, signalling that the SEC has approved the filing ... Read more
The Trump transition team is reportedly eyeing Dan Gallagher, Robinhood’s Chief Legal Officer and former Republican SEC Commissioner, for a potential chair role at the U.S. Securities and Exchange Commission (SEC). Known for advocating financial innovation, Gallagher supports treating cryptocurrencies as a unique asset class separate from traditional securities. This ... Read more
A new report has shed light on the fair market value of XRP, the cryptocurrency affiliated with the Ripple network. The six quantitative models were developed by a group of experts to assess the impact of different scenarios on the token’s value had the SEC lawsuit not occurred. The SEC ... Read more
Immutable has announced that it received a Wells notice from the U.S. Securities and Exchange Commission (SEC), indicating potential enforcement action. The SEC’s notice, which typically precedes a lawsuit, alleges that Immutable violated securities laws and made misrepresentations. Although the notice did not detail specific allegations, Immutable believes the claims ... Read more
Eric Council Jr., a 25-year-old from Athens, Alabama, was arrested by the FBI in connection with an unauthorized hack of the U.S. Securities and Exchange Commission’s (SEC) X account, formerly known as Twitter. According to the press release, the incident occurred in January 2024 when Council and his co-conspirators posted ... Read more
The U.S. Securities and Exchange Commission (SEC) filed a legal action against Chicago-based Cumberland DRW LLC on October 10. The firm is accused of operating as an unregistered crypto dealer and violating federal securities laws. According to the press release, Cumberland allegedly has transacted over $2 billion in crypto-asset instruments ... Read more
Ripple entered the crypto custody space with new services which are aimed at assisting banks and Fintech firms in safely storing digital assets on behalf of their customers. This is a significant move away from firm’s previous area of interest which is payments and its own cryptocurrency XRP. The company’s ... Read more
In a crucial development, the Thailand Securities and Exchange Commission (SEC) has outlined new regulations to allow mutual and private funds to invest in digital assets. This move is in line with the global trends and caters to increasing institutional demand for cryptocurrency investment opportunities. As per the official document, ... Read more
Bitwise Asset Management’s recent filing for an XRP Exchange-Traded Product (ETP) has sparked notable activity in the crypto markets, suggesting potential bullish momentum. Different from a traditional ETF, this filing represents a strategic shift to navigate regulatory challenges as XRP remains classified as a non-security. With whale transactions increasing and ... Read more
