The U.S. Securities and Exchange Commission (SEC) has taken legal action against Chicago-based Cumberland DRW LLC, accusing the firm of operating as an unregistered dealer in cryptocurrency assets. Cumberland allegedly handled over $2 billion worth of crypto assets, which the SEC considers securities, without registering as required by federal securities
The Thai Securities and Exchange Commission (SEC) has proposed updating investment regulations to allow mutual and private funds to invest in crypto assets. This comes as the country sees growing interest in cryptocurrency, especially with more institutional players getting involved. The draft proposal released by the Thai SEC on Oct
Canary Capital, a digital asset investment firm, has officially filed a registration for a spot XRP ETF with the U.S. Securities and Exchange Commission (SEC). The firm initiated this move a week after Bitwise filed its own S-1 registration for an XRP ETF. Canary Capital became the second firm to
After receiving a Wells Notice, Crypto.com is pushing back against the U.S. Securities and Exchange Commission (SEC). According to the report, the crypto exchange filed a lawsuit against SEC, Chair Gary Gensler, and its four commissioners alleging that the federal agency is overstepping its jurisdiction by regulating the crypto industry.
After a court ruling in favor of Ripple in 2023, the US Securities and Exchange Commission (SEC) recently decided to appeal the case. In the hours that followed, XRP’s price plummeted, even though there was hope for a possible US-based XRP ETF. The SEC’s war against Ripple and the crypto
The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) are backing a class action lawsuit against Nvidia that has been revived, according to recent reports. The legal case revolves around claims that Nvidia manipulated its sales related to the cryptocurrency mining sector. In an amicus brief
Franklin Templeton, a trillion-dollar asset management firm, submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin and Ethereum index exchange-traded fund (ETF). This fund, known as the Franklin Templeton Bitcoin & Ethereum Crypto Index ETF, aims to provide investors with a combined exposure to both
Ripple CEO Brad Garlinghouse has made it clear that Ripple will fight the U.S. Securities and Exchange Commission’s (SEC) appeal for as long as necessary. The SEC is appealing a court decision from July that ruled XRP’s programmatic sales were not securities. This ruling had been a partial win for
An XRP Spot ETF has been proposed by Bitwise Asset Management, a cryptocurrency fund manager based in the United States. This is seen by Ripple advocates as a major step forward. The SEC has accused Ripple of generating $1.3 billion via unregistered XRP transactions. And the firm has been involved
Bitwise, a cryptocurrency asset manager, has formally applied to the US Securities and Exchange Commission to become the first spot XRP exchange-traded fund (ETF). The filing states that, after the Bitwise XRP ETF receives SEC clearance, it will provide investors access to the value of the XRP owned by the
