The U.S. Securities and Exchange Commission (SEC) seems stubborn. In order to make it more difficult for cryptocurrency firms to operate in the United States and beyond. It’s no secret that SEC chair Gary Gensler isn’t a fan of the cryptocurrency market. Under his watch, the agency has taken a
While the US Securities and Exchange Commission (SEC) continues to be engaged in a prolonged legal dispute with Ripple, the watchdog has now picked Coinbase as its new target. The exchange reportedly received a “Wells Notice” from the SEC, alerting Coinbase that a securities law violation case may soon be
The United States Securities and Exchange Commission (SEC) has issued a warning to investors about cryptocurrency investments. The agency has specifically mentioned digital assets that may not conform to several US rules and has urged investors to think twice before becoming involved. This development comes after a slew of regulatory
The XRP token surged over 15% in the last 24 hours after its issuer’s reports. Investor’s hope increased after Ripple well-placed in the winning position of the landmark case with the U.S. Securities and Exchange Commission on Tuesday. The SEC sued Ripple in 2020, alleging the firm sold unregistered securities.
The largest crypto exchange Coinbase Global reported receiving a “Wells Notice” from the Securities and Exchange Commission. Alerts Coinbase that the SEC staff has made a “preliminary determination” to recommend an enforcement action against the cryptocurrency exchange for breaking federal securities laws. According to a regulatory filing on Wednesday, the
The Securities and Exchange Commission (SEC) accused Tron founder Justin Sun on Wednesday of orchestration of the unregistered offer and sale, manipulative trading. And unlawful touting of crypto asset securities. Today we charged crypto entrepreneur Justin Sun and three of his wholly-owned companies for the unregistered offer and sale of
Today’s major mover was Ripple native cryptocurrency XRP, as prices surged for a fourth day of a green candle in a week. Less than 24 hours after trading at a low of $0.3864, XRP/USD soared to an intraday high of $0.3957. Following the recent rally, the 4th largest altcoin XRP,
Leading crypto exchange Gemini stated on its official Twitter account that “Gemini’s banking relationship remains intact with JPMorgan.” This statement comes after the rumors claimed earlier on Wednesday which cited an unnamed source, the American multinational financial service company JPMorgan is ending its banking relationship with the cryptocurrency exchange. Despite
The lawsuit between Ripple and SEC is the showstopper from December 2020, the time when the case was filed. The importance and interest poured into this legal war are pretty evident to everyone in the crypto field. The case is conducted in the Federal Court of New York, Manhattan. The
For masterminding a $100M crypto fraud scheme, the U.S. Securities and Exchange Commission (SEC) stated Monday that it had filed an “emergency action” against Miami investment advisor BKCoin and one of its owners, Kevin Kang. “It successfully obtained an asset freeze, the appointment of a receiver, and other emergency relief,”
