The US Commodity Futures Trading Commission (CFTC) has filed a complaint against Voyager Digital and its former CEO, Stephen Ehrlich, alleging fraud and registration failures. The CFTC claims that Ehrlich falsely marketed the Voyager platform as a safe haven for high-yield returns, deceiving customers into purchasing and storing digital assets. The lawsuit seeks penalties including […]
Amid the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Binance, a significant development has emerged involving Circle, the issuer of stablecoin USD Coin (USDC). Circle has been granted permission to provide its perspective on the lawsuit as an amicus curiae, or “friend of the court.” District Judge Amy Berman Jackson […]
James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission (SEC) chair Gary Gensler with a subpoena. Comer expressed concern about SEC’s actions to circumvent Congress and harm American taxpayers. The issue at hand is the SEC’s coordination with the European Union (EU) on environmental, […]
Ark Invest, led by Cathie Wood, has filed an updated version of its spot Bitcoin ETF prospectus in response to feedback from the U.S. Securities and Exchange Commission (SEC). The SEC had requested clarifications on certain concerns, and it appears that Ark Invest has addressed these concerns in its new filing. One notable change in […]
Ripple’s recent legal victory against the US Securities and Exchange Commission (SEC) has had significant implications for its cryptocurrency, XRP. The ruling by Judge Analisa Torres classified XRP as a non-security, providing much-needed clarity for the token in the US. Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted this unique status in an interview with CNBC. […]
The United States Commodity Futures Trading Commission (CFTC) has taken legal action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. The CFTC has filed a complaint in the U.S. District Court for the Southern District of New York, accusing Ehrlich and Voyager of fraud and “registration failures” related to the platform […]
Fox Business journalist and producer Eleanor Terrett has gained popularity in the crypto community for her coverage of the SEC v. Ripple case. With a focus on the legal and regulatory aspects of cryptocurrency, Terrett closely monitors developments in Washington. She keeps herself informed by following influential figures in the US government and CEOs of […]
Binance, the world’s leading cryptocurrency exchange, has announced that it will delist several spot trading pairs on October 13, 2023. The decision to remove these pairs, including BEL/BUSD and DOT/GBP, is based on factors such as low liquidity and trading volume. Binance will also terminate its Spot Trading Bots services for these pairs. Users are […]
Stuart Alderoty, Chief Legal Officer of Ripple, has commented on the recent court victories against the SEC, stating that they have provided clarity for XRP in the US. The rulings have classified XRP as a non-security, a significant win for the cryptocurrency. However, Alderoty believes that the US still needs to establish comprehensive regulations for […]
A senior judge in the Columbian district court has signed multiple orders to clear pending motions in the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and crypto exchange Binance. One of the key orders cleared an amicus brief filed by Circle, the issuer of the USD Coin (USDC) stablecoin. Circle argued […]
