The U.S. Securities and Exchange Commission (SEC) has dropped its aiding and abetting charges against Ripple’s top executives, CEO Brad Garlinghouse and co-founder Chris Larsen. The charges were related to the SEC’s lawsuit from 2020, which alleged that Ripple issued XRP as an unregistered security. However, the courts recently ruled that the firm’s sales of […]
LBRY Inc., a cryptocurrency platform, has announced its closure following a legal battle with the Securities and Exchange Commission (SEC). The SEC charged LBRY with conducting an unregistered securities offering by selling its native LBC tokens. This case has raised concerns about unequal access to justice and regulatory overreach in the crypto industry, particularly for […]
The blockchain company LBRY Inc. has announced its decision to shut down due to mounting debts and conflicts with the Securities and Exchange Commission (SEC). This news has had a significant impact on the cryptocurrency industry, as LBRY has been a leading player in the sector. However, LBRY’s open-source blockchain platform, Odysee, will continue to […]
In a series of posts on social media platform X, a pro-XRP lawyer expressed his disdain for the Securities and Exchange Commission (SEC) and wished them the worst in the ongoing litigation against Ripple. The lawyer hopes that the court will impose the smallest possible penalties on Ripple in the upcoming penalty phase of the […]
Hong Kong’s Customs and Excise Department is taking steps to address the money-laundering risks associated with cash-for-crypto shops in the wake of the JPEX scandal. These shops, which operate without licensing or regulatory oversight, have been promoting investment offerings from JPEX, a crypto exchange involved in a $192.7 million fraud. To fill the regulatory gaps […]
Binance.US, a cryptocurrency exchange, has received support from the US Chamber of Digital Commerce in its ongoing legal battle against the US Securities and Exchange Commission (SEC). The lobbying group argues that the SEC’s claims are misplaced and that its actions are driving crypto businesses away from the US. The SEC has faced criticism for […]
The Chamber of Digital Commerce has joined forces with other digital asset companies, legal entities, and lawmakers to challenge the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Binance. The Chamber argues that the SEC is overstepping its authority by attempting to regulate the crypto industry without explicit direction from Congress. In support of Binance, […]
Elon Musk and Mark Cuban are teaming up to challenge the Securities and Exchange Commission’s (SEC) practice of conducting in-house trials without juries. They argue that these administrative proceedings often lead to unfair outcomes for SEC defendants and may violate the right to a jury trial guaranteed by the Seventh Amendment. The case at the […]
The U.S. Chamber of Digital Commerce has filed a motion to dismiss the Securities and Exchange Commission’s (SEC) case against Binance, comparing it to suing a grocery store. The lobby group argues that the SEC’s regulatory approach has been “opaque and hostile.” The motion highlights the need for clear regulations in the cryptocurrency industry and […]
Lawyers representing the United States Securities and Exchange Commission (SEC) have announced their intention to dismiss all claims against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. In a recent court filing, the SEC stated that the parties involved in the case against Ripple have agreed to a dismissal with prejudice, indicating that a trial […]
