Coinbase’s Chief Legal Officer, Paul Grewal, is confident that a U.S. Bitcoin exchange-traded fund (ETF) will be approved soon after the Securities and Exchange Commission (SEC) suffered a legal setback. A judge ruled that the SEC had no valid reason to reject Grayscale’s request to convert its GBTC bitcoin fund into an ETF, and the […]
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 […]
An Ethereum ICO participant, who had been dormant for over eight years, recently transferred their pre-mined stash of Ether tokens to different addresses. The address received 2,000 ETH during the ICO in 2014, and the tokens were purchased for $620 at a price of $0.31 per token. The value of these tokens has now grown […]
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 […]
Binance, the world’s largest cryptocurrency exchange, has announced that it will be shutting down its crypto card services in the European Economic Area (EEA). This decision comes as Binance faces increasing regulatory pressure in various countries. The exchange’s Visa Debit Card Services, which allow users to convert crypto assets into local fiat currencies for purchases, […]
