President-elect Donald Trump’s team has interviewed former SEC Commissioner Paul Atkins as a candidate to replace Gary Gensler as SEC Chairman. Atkins, a Republican commissioner during the George W. Bush administration, is known for his pro-innovation stance on cryptocurrency and financial regulation. Trump is expected to announce his decision in
The approval of altcoin exchange-traded funds (ETFs) like Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR) remains uncertain. Bloomberg analyst James Seyffart suggests decisions could extend into late 2025. Regulatory challenges and market constraints are the primary reasons for the delay. The U.S. Securities and Exchange Commission (SEC) has denied
XRP has surged to its highest level in 3.6 years, crossing $1.43, following SEC Chair Gary Gensler’s confirmation that he will step down in January 2025. The news sent XRP’s price soaring over 32% in just 24 hours, climbing from $1.10 to an intraday peak of $1.43—a level not seen
The U.S. Securities and Exchange Commission (SEC) has disbursed $4.6 million to investors affected by BitClave’s 2017 unregistered initial coin offering (ICO). The payout follows a settlement reached in 2020, where BitClave agreed to repay the $25.5 million raised during its ICO, in addition to paying $4 million in penalties
President-elect Donald Trump is reportedly considering Teresa Goody Guillén, a seasoned securities attorney and blockchain expert, to chair the U.S. Securities and Exchange Commission (SEC). Goody Guillén, a partner at BakerHostetler and co-lead of its blockchain team, has significant experience in securities law and blockchain advocacy. A crypto lawyer running
A U.S. District Court judge has classified Lido DAO as a general partnership, setting a new precedent for decentralized organizations (DAOs). The ruling, issued on November 18, 2024, by Judge Vince Chhabria of the Northern District of California, means that participants in Lido DAO can be held liable for the
A California federal judge has rejected the crypto exchange’s request for an interlocutory appeal in its ongoing case with the U.S. Securities and Exchange Commission (SEC). Judge William Orrick issued the ruling on November 18, emphasizing that an appeal would only delay resolution without advancing the case. The SEC filed
BIT Mining Ltd., formerly known as 500.com, has agreed to pay a $10 million penalty to resolve allegations of violating the Foreign Corrupt Practices Act (FCPA). The charges stem from a bribery scheme aimed at influencing Japanese government officials to secure a casino license between 2017 and 2019. Former CEO
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), is at the centre of mounting speculation that he will step down in the wake of Donald Trump’s return to the presidency. The political transition has reignited debates about Gensler’s controversial tenure, particularly his hardline stance on cryptocurrency regulation,
XRP has finally joined the crypto bull market, hitting a nearly 16-month high of $0.8452, a level last seen in early July 2023. Over the past 24 hours, XRP surged by over 23%, rising from an intraday low of $0.6866. While major cryptocurrencies like Bitcoin benefited from Donald Trump’s recent
