In the ongoing legal dispute between Coinbase Global Inc. and the U.S. Securities and Exchange Commission (SEC), the XRP holder’s lawyer, John Deaton, has accused the SEC’s top official, Gary Gensler, of ‘gaslighting’ the public and disagreed with his stance on cryptocurrencies.The SEC rejected Coinbase’s rulemaking request based on three reasons. These reasons include applying […]
Ripple’s Chief Legal Officer, Stuart Alderoty, has provided insights into the future of the cryptocurrency landscape, specifically focusing on 2024. He discussed predictions regarding Ripple’s ongoing legal dispute with the Securities and Exchange Commission (SEC), the potential influence of the judiciary on crypto regulations, and the challenges that may arise in Congress.Alderoty predicts that Ripple’s […]
In a recent development in the ongoing dispute between Coinbase and the US Securities and Exchange Commission (SEC), the SEC has officially denied Coinbase’s request for new regulations regarding digital assets. In response, Coinbase has taken legal action by filing a petition in court to challenge the SEC’s decision.The SEC chairman, Gary Gensler, supported the […]
Grayscale, a prominent cryptocurrency investment firm, is currently assessing the potential tax implications surrounding spot Bitcoin exchange-traded funds (ETFs). This evaluation comes in response to inaccurate reports circulating about unfavorable tax consequences. Grayscale has taken to social media platform X to clarify that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to […]
BlackRock, a prominent investment management company, has made headlines this week with two major developments in the world of technology. Firstly, the company has unveiled its new AI tool, which is set to act as a co-pilot for its operations. This innovative tool is expected to enhance BlackRock’s decision-making processes and improve overall efficiency.In addition […]
Coinbase, the popular cryptocurrency exchange, plans to take legal action against the U.S. Securities and Exchange Commission (SEC) after the regulator rejected Coinbase’s petition for specific regulatory rules for cryptocurrency transactions. Coinbase’s chief legal officer, Paul Grewal, criticized the SEC’s decision, calling it an “abdication of its duty.” Grewal highlighted the need for regulatory clarity […]
The Securities and Exchange Commission (SEC) has engaged in discussions with asset managers regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. The recent meetings included officials from Gary Gensler’s office, indicating a heightened level of attention from the regulator.BlackRock, one of the asset managers, held a meeting with […]
Decentralized finance (DeFi) protocol SafeMoon has filed for Chapter 7 bankruptcy following the arrest of its executives and criminal charges in the United States. The filing has resulted in a significant drop in the price of SFM, the native token of the network.According to the bankruptcy filing, SafeMoon has less than 100 creditors and holds […]
The United States Securities and Exchange Commission (SEC) has denied a petition from Coinbase, a cryptocurrency exchange, for a rulemaking on transactions involving cryptocurrencies that are considered securities. The petition, which was filed in July 2022, requested rules to regulate securities offered and traded through digital methods.SEC chair Gary Gensler announced the commission’s decision in […]
The Securities and Exchange Commission (SEC) has denied a rulemaking petition filed by Coinbase, a US-based crypto exchange. SEC Chair Gary Gensler supports the Commission’s decision, stating that existing laws and regulations already apply to the crypto securities markets. Gensler believes that the SEC addresses the crypto securities markets through rulemaking and emphasizes the importance […]
