On May 17, a press release regarding the digital currency asset manager, Grayscale Investments is announced. It highlighted the Filecoin (FIL) Trust Product issue over the Securities and Exchange Commission (SEC) of the U.S. government. Whereas, the press release included: “Grayscale received a comment letter from the SEC staff stating
Ripple received a favorable ruling in court on Tuesday as a judge rejected the Securities and Exchange Commission’s request to keep documents related to a contentious cryptocurrency speech confidential. The speech by former SEC official William Hinman on June 14, 2018, is a key document in the enduring legal battle
In a recent report of Berenberg Capital Markets, it is said that the U.S. Securities and Exchange Commission (U.S. SEC) is still against Coinbase, a cryptocurrency exchange platform. Thereby, the report added that the SEC would raise an enforcement action anytime sooner followed by the Wells Notice. The @SECGov will
Judge Analisa Torres denied the U.S. Securities and Exchange Commission’s motion to seal the Hinman documents in the case of Ripple v. SEC. According to the report, the U.S. District Court has identified the Hinman documents as judicial documents. Judge Torres stated that the SEC moves to seal the Hinman
The Securities and Exchange Commission (SEC) recently made headlines when it urged a New Hampshire court to reduce the fines levied on LBRY, the decentralized content platform best known for its video-sharing platform Odysee. The New Hampshire District Court ruled in November 2022 that LBRY owed the SEC $22 million
The Crypto Council for Innovation (CCI) has filed an amicus brief, a written argument over the U.S. SEC seeking a proper response to Coinbase firm. The reason for this is the failure of the U.S. Securities and Exchange Commission (U.S. SEC) to respond back to the petition raised by Coinbase.
One of the official representatives of the U.S. Securities and Exchange Commission (U.S SEC), John Reed Stark warns to ban Tether (USDT) from financial regulators of crypto-based companies in America. He also portrays Tether as a ‘Mammoth House of Cards‘. As per John, Tether would be the next denomination to
The Bittrex Crypto Exchange officially filed for bankruptcy. This occurs just over a month after the Security Exchange Commission (SEC) charged Bittrex with repeatedly breaking security regulations. In a filing submitted on May 8 to the United States Bankruptcy Court for the District of Delaware, Bittrex reported that it has
Ripple CEO Brad Garlinghouse stated that Ripple will have spent $200 million to defend itself from the U.S. Securities and Exchange Commission lawsuit. The SEC filed a lawsuit against Ripple and accused CEO Brad Garlinghouse and Co-founder Chris Larsen of breaching SEC laws by selling XRP without registering it with
The $279 million payout is the highest whistleblower award ever made by the U.S. Securities and Exchange Commission (SEC). Typically, the SEC will give between 10% and 30% of any fines collected that are more than $1 million. The whistleblower must disclose information that directly aids the SEC in imposing
