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August 23, 2024

Crypto Buys Democracy: Public Citizen Raises Alarms Over Influence and Regulatory Risks

The democracy advocacy group Public Citizen has sounded the alarm on the massive influx of cryptocurrency-related donations aimed at influencing the upcoming U.S. presidential election. Major players in the crypto industry, including Coinbase and Ripple, have emerged as some of the largest corporate political contributors this election cycle, pouring over $100 million into political action committees (PACs) that back candidates with pro-crypto stances.

June 17, 2024

SEC Challenges Ripple’s Request for Reduced Penalty

The U.S. SEC has dismissed Ripple Labs' request for a lower penalty, asserting that it would be insufficient and should not be compared to its settlement with Terraform Labs. On June 13, Ripple appealed to Judge Analisa Torres for a penalty "no more than $10 million," significantly less than the SEC's proposed $876.3 million civil penalty. Ripple referenced the SEC's settlement with Terraform Labs as a precedent.

March 4, 2024

SEC’s Landmark Victory in Coinbase Insider Trading Case: A Dire Warning for Crypto!

The recent ruling in the SEC’s lawsuit against a former Coinbase employee and his associates over insider trading allegations has intensified the regulatory storm brewing over the crypto industry. This decision, handed down by a federal judge in the Western District Court of Washington, marks a critical juncture in the ongoing debate over the classification of cryptocurrencies as securities, particularly those traded on secondary markets like Coinbase.

February 14, 2024

Ripple Expands Its Blockchain Empire with Acquisition of Standard Custody & Trust Company

Ripple, a leading name in blockchain and cryptocurrency solutions, has announced its strategic acquisition of Standard Custody & Trust Company, an institutional-grade digital assets custodian. This move significantly bolsters its position in the digital asset sphere. This acquisition is a clear testament to Ripple's dedication to adhering to regulatory standards and broadening its suite of blockchain-based financial offerings for institutional clients.

January 23, 2024

SEC v Binance: Another Legal Battle Defining the Crypto Industry’s Future

In a series of high-profile legal battles, the U.S. Securities and Exchange Commission (SEC) is intensifying its scrutiny of the crypto industry. Following the recent SEC v. Coinbase case, Binance, the world's largest crypto exchange, finds itself in the legal crosshairs. At the heart of these disputes lies a critical question: Are certain cryptocurrencies securities as defined by the Howey Test?

January 19, 2024

SEC Lawsuits Against Binance and Coinbase: The Next Pivotal Moments for the Crypto Industry!

The U.S. SEC plays a central role in the global crypto industry. Following the approval of the ETFs, further important clarifications are pending. The SEC lawsuits against prominent crypto exchanges Binance and Coinbase are landmark cases with transformative implications for the crypto industry. These legal battles hinge on crucial issues surrounding the definition of security tokens and the regulatory obligations of token issuers and exchanges.

January 19, 2024

SEC vs. Coinbase: The Ongoing Legal Battle Over Security Tokens and Crypto Staking

The ongoing lawsuit between the SEC and Coinbase has garnered significant attention due to its implications for defining security tokens and regulating crypto staking. The SEC alleges that Coinbase, by offering certain tokens and a staking-as-a-service program, has been operating as an unregistered national securities exchange, broker, and clearing agency. The Judge has been closely scrutinizing the SEC's definitions and claims, indicating the complexity and potential broad impact of the case.

January 12, 2024

The Day After – Crypto ETFs and the Irony of Wall Street’s Latest Craze

Yesterday marked a historic moment in the world of cryptocurrencies as the SEC finally nodded in agreement, giving the green light to not one, not two, but eleven spot Bitcoin ETFs. The crypto world, long seen as the rebellious teenager of the financial markets, has finally been invited to the Wall Street's fancy dinner party. And oh, what an entrance it made! The crypto industry was enthusiastic and confirmed. And rightly so!

October 20, 2023

U.S. Regulator SEC Drops Charges Against Ripple Executives!

The U.S. Securities and Exchange Commission (SEC) has withdrawn its accusations against Ripple's CEO, Brad Garlinghouse, and Executive Chairman, Chris Larsen, previously implicated in securities violation cases related to XRP dealings. As the SEC shifts focus solely onto Ripple's central case, this development narrows the scope of litigation, possibly accelerating the path to a primary resolution and potentially facilitating any future appeals.

October 4, 2023

U.S. Crypto Companies Go Global: Ripple Secured A Major Payments Institution License In Singapore!

The last few days have been very successful for the U.S. crypto companies, which are gradually recovering from the FTX collapse. Most recently, Coinbase announced that it had received a payment institution license in Singapore. Ripple, the company behind the XRP token, has been making headlines with a series of achievements. Its Singapore subsidiary has secured a pivotal license, and it has also marked a significant win in its ongoing U.S. court battle.

September 3, 2023

US Regulator SEC Under Pressure With Its Lawsuits Against U.S. Crypto Firms!

The U.S. SEC has been embroiled in various legal battles with crypto companies to exert its authority over the rapidly evolving digital asset landscape. Notably, Coinbase, the public-listed US crypto platform, and Ripple, a crypto remittance network, have heatedly confronted the SEC. Biden's appointed Chair of the SEC, Gary Gensler has come under pressure recently for his approach against the crypto industry.

July 23, 2023

U.S. Lawmaker Accused SEC Chair Of Weaponizing The Agency Against The Crypto Industry.

New York Democrat Congressman Ritchie Torres reaffirmed his recent criticisms of the embattled U.S. Securities and Exchange Commission (SEC) chair Gary Gensler, accusing him of trying to undermine the crypto industry and "weaponizing" the agency against it. Torres urged Gensler and the SEC to reevaluate their approach to cryptocurrencies following what he described as a "dreadful day in court" for the SEC.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.

Crypto Exchange Crypto.com Sues US SEC Over Regulatory Overreach!

Crypto.com, the Singapore-based crypto exchange with more than 100 million users, has filed a lawsuit against the SEC, challenging the regulator’s authority over crypto assets and accusing it of overstepping its jurisdiction. The lawsuit comes after a Wells notice was issued to the platform, signaling the SEC’s intent to take enforcement action.