Crypto exchange Kraken is escalating its legal battle with the U.S. Securities and Exchange Commission (SEC) by demanding a jury trial. This request, revealed in a recent court filing, comes as a California judge has ruled that the SEC’s lawsuit against Kraken will proceed to trial. The SEC first sued
Congressman John Rose from Tennessee has introduced a bill aimed at streamlining digital asset oversight through a unified regulatory approach. The proposed legislation, known as the “BRIDGE Digital Assets Act” (also referred to as the “Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act”), seeks to establish
e-Toro, a trading platform, and the United States Securities and Exchange Commission (SEC) have announced a settlement. The business’s cryptocurrency trading platform was at the center of a regulatory battle with the SEC, which claimed the firm was using its services as a clearing agency and broker without proper registration.
Market debates have been sparked by the investigation into the hiring procedures of US SEC Chair Gary Gensler. There are worries about the agency’s neutrality in recruiting methods. Since the probe, which was initiated by the House Republicans, suggests that it may be violating federal law by perhaps considering political
The U.S. Securities and Exchange Commission (SEC) has reinforced its strict stance on limiting crypto custody services for banks and regulated financial firms. In a recent talk at a banking conference on September 9, SEC Chief Accountant Paul Munter reaffirmed the agency’s firm position on rules governing the custody of
Vivek Ramaswamy, a biotech entrepreneur and former presidential nominee, made waves last year by calling for mass deregulation of the cryptocurrency industry. He was the first Republican candidate to introduce a detailed crypto plan, aiming to reduce the federal workforce, including the Securities and Exchange Commission (SEC). Recently on Wednesday,
SEC Ripple Case Update: Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has taken a new turn, with the company seeking a stay on the $125 million penalty recently imposed. This comes amid rising concerns over a possible SEC appeal following the recent ruling in favor of
Robinhood Crypto LLC, a subsidiary of Robinhood Markets, has reached a $3.9M settlement with California’s Justice Department. The settlement follows allegations that the platform prevented customers from crypto withdrawal from their accounts between 2018 and 2022, violating state laws. California Attorney General, Rob Bonta accused Robinhood of breaching state commodities
FTX, the crypto exchange that faced bankruptcy in November 2022 is planning to repay creditors in the fourth quarter of 2024 which is starting this October. They are redistributing 16 billion dollars. It owes more than two million customers and other non-governmental creditors about $11 billion. This vital move marks
Mark T. Uyeda, a commissioner at the U.S. Securities and Exchange Commission (SEC), has called for a specialized S-1 registration form tailored to digital asset securities. Speaking during a fireside chat at the Korea Blockchain Week 2024 event in Seoul, Uyeda emphasized the need for the SEC to adopt a
