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
Cryptocurrency exchange Coinbase has filed a motion to compel the U.S. Commodity Futures Trading Commission (CFTC) to produce communications with issuers of 12 tokens that are central to a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The motion, filed in the Southern District of New York (SDNY),
The global crypto market starts October, often called “Uptober,” with optimism, but it’s not without challenges. Also, many cryptocurrencies ended September on some positive note, and XRP was no exception, closing in the $0.65 zone—a level it last seen during the March bull rally. Further, Ripple’s ongoing battle with the
Improper stablecoin investment programs and unregistered selling of securities were among the allegations levied against TrueCoin and TrustToken by the US Securities and Exchange Commission (SEC). As stated in the agency’s news release, the SEC has settled the allegations against the businesses and ordered them to pay a combined penalty
The U.S. Securities and Exchange Commission (SEC) declared a settlement with Solana-based DeFi platform Mango DAO and Blockworks Foundation for selling unregistered crypto assets known as “MNGO” tokens. This settlement also involved Mango Labs, which was accused of engaging in unregistered broker activities related to the sale of various cryptocurrencies
The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on options trading for Ethereum ETFs, extending the deadline until mid-November. This decision impacts both Nasdaq ISE’s proposal for BlackRock’s iShares Ethereum Trust and NYSE American LLC’s proposal for options trading on Grayscale’s Ethereum ETF, alongside other
In the last 24 hours, the crypto regulatory sphere has sprung into action. While a convict in the FTX collapse, Caroline Ellison received her court statement, Sam Bankman-Fried’s case was further extended. On the other hand, Congressman Tom Emmer bashed Gary Gensler in a recent court meeting on his approach
In a recent court hearing, judges expressed skepticism regarding the SEC’s denial of Coinbase’s petition for rulemaking. Coinbase filed this petition on July 22, 2022, seeking clarity on regulatory guidelines. The SEC officially rejected the petition on July 27, 2023, claiming that it had already established sufficient guidelines. This case
