Grayscale Wins Legal Victory Against SEC, Ramaswamy Optimistic for US Crypto Innovation

Vivek Ramaswamy, a Republican presidential candidate, has expressed optimism about Bitcoin’s prospects and views Grayscale’s recent victory as a promising indicator for cryptocurrency innovation in the United States. Ramaswamy criticized regulators, such as the Securities and Exchange Commission (SEC), describing them as a shadow government and claiming they were out of control.Grayscale achieved a significant […]

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Judge Failla Declares Ethereum a Crypto Commodity, ETH Price Surges 4%

In a landmark ruling, United States District Judge Katherine Polk Failla has declared Ethereum (ETH) and Bitcoin as “crypto commodities” while dismissing a class-action lawsuit against Uniswap. This decision offers a definitive stance in the ongoing SEC vs. CFTC jurisdiction battle.The lawsuit was filed in April 2022 by six crypto investors who had fallen prey […]

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SEC Struggles in Court as Ripple and Coinbase Push for Crypto Regulation Change

The SEC is facing mounting legal setbacks in its case against Ripple and Coinbase, potentially signaling a shift in the regulatory landscape for cryptocurrencies. Ripple’s Chief Legal Officer, Stuart Alderoty, has commented that recent court rulings show the SEC’s approach as “arbitrary and capricious.” This sentiment was echoed in the recent Grayscale Bitcoin ETF case, […]

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Latin American Crypto Adoption Grows with Binance and Circle Initiatives

This week has seen a flurry of activity in the crypto sector in Latin America, with both Binance and Circle announcing key initiatives. Binance is introducing a ‘Send Cash’ feature that enables crypto-to-bank transfers for residents of nine Latin American countries, while Circle is partnering with Mercado Pago in Chile to offer its USD Coin.Binance’s […]

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Bitcoin ETF Approval Odds Rise to 75% by 2023, 95% by 2024

Bloomberg has raised the odds of a Bitcoin ETF gaining approval to 75% by the end of 2023 and 95% by 2024, following Grayscale’s legal win against the U.S. Securities and Exchange Commission (SEC). The SEC is now expected to make ‘first deadline’ decisions on seven major Bitcoin ETF applications from industry giants like BlackRock, […]

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XRP Price Rally Continues After SEC Loss in Court of Appeals

The fifth-largest digital asset, XRP, has seen a surge in its daily average traded volume to about $1.572 billion, recording a spike of over 114 percent. This comes after the U.S. Court of Appeals for the D.C. Circuit issued a ruling in favor of Grayscale Investments and against the SEC. Following the ruling, XRP price […]

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Coinbase CEO Brian Armstrong Bullish on On-Chain Applications Ahead of Summit

Brian Armstrong, the CEO of Coinbase, recently shared his top areas of interest in the crypto space. He urged DeFi builders to focus on ten ideas that he believes are critical for the broader crypto space in order to support the next generation of crypto startups. These ideas include Flat Coin Concept, On-Chain Reputation, On-Chain […]

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Uniswap Class Action Dismissed as Judge Rules Ethereum is a Commodity, Not a Security

The United States District Court for the Southern District of New York has dismissed a class action lawsuit against Uniswap, its CEO, and its venture capital backers. The suit was brought by six individuals who bought what they alleged were scam tokens on Uniswap between December 2020 and March 2022. The plaintiffs claimed they lost […]

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U.S. Crypto Industry Sees Resurgence as Courts Rein in SEC

The United States could be seeing a resurgence in the crypto industry after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates. Jeremy McLaughlin, a partner at the global law firm, noted that multiple U.S. court cases have challenged the Securities and Exchange […]

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