Coinbase, a leading cryptocurrency exchange, has taken a proactive stance in advocating for the approval of the Grayscale Ethereum Trust listing as a spot ether Exchange-Traded Fund (ETF). The company’s Chief Legal Officer, Paul Grewal, recently announced on social media platform X that Coinbase has responded to a request for
In order to settle U.S SEC accusations related to the 2021 launch of an exchange-traded fund (ETF) centered on social media, VanEck agreed to pay a fine of $1.75 million. A civil penalty was levied on the investment advisor by the SEC. In a statement issued on February 16th, the
The U.S Securities and Exchange Commission moved last month to dismiss DEBT Box’s lawsuit after the agency confessed making false claims in court. DEBT Box requested the judge to reject this motion. Last year, the SEC filed a lawsuit against Digital Licensing Inc., which operates under the name DEBT Box,
The chairman of the U.S SEC, Gary Gensler, said in an interview with CNBC today that Bitcoin accounts for the majority of ransomware. The asset and the industry as a whole have Gensler’s persistent disdain. This is despite the fact that eleven Spot Bitcoin ETFs were approved by the SEC
The sentencing for the largest crypto exchange, Binance founder Changpeng Zhao, also known as CZ, on a money laundering charge, has been postponed until April 30, as per the announcement made by the Seattle Federal Court. Originally set for Feb. 23, the delay’s reasons remain undisclosed. Zhao’s sentencing has garnered
SEC Chair Gary Gensler has requested a record-breaking $2.4 billion in funding for the agency. With this money, Gensler plans to add 170 jobs to the agency’s workforce, with a focus on the crypto and cyber divisions. Moreover, in the midst of this ambitious initiative, there have been indications of
A number of Republican senators hold Gary Gensler, chair of the Securities and Exchange Commission, in contempt for making inaccurate claims in the agency’s case against the cryptocurrency firm DEBT Box. In a letter sent to Gensler on Wednesday, Senators Cynthia Lummis (Wyoming), Bill Hagerty (Tennessee), Katie Boyd Britt (Alabama),
A prominent U.S.-based cryptocurrency exchange has successfully defended its users’ transaction data privacy amidst the ongoing XRP lawsuit involving Ripple Labs and plaintiff Vladi Zakinov. According to an on-chain investigator known as Mr. Huber, the U.S. court has sided with Kraken’s argument, dismissing the request for the direct transfer of
In the ongoing legal saga between Ripple Labs and the U.S. Securities and Exchange Commission, the latest development reveals Ripple’s strong opposition to the SEC’s motion seeking audited financial statements and details on post-complaint contracts. The SEC had requested information regarding the sale or transfer of XRP to “non-employee counterparties”
In a pivotal legal showdown, Coinbase is set to present its case against the U.S. Securities and Exchange Commission (SEC) in a federal courtroom, challenging allegations that its business model involves trading unregistered securities. The hearing, scheduled for four hours before Judge Katherine Polk Failla of the U.S. District Court
