Court

The post Coinbase Seeks Court Order for SEC Document Disclosure in Crypto Lawsuit appeared first on Coinpedia Fintech News Cryptocurrency companies face a regulatory roadblock, and Coinbase is taking a stand. It’s time for change.  Coinbase Challenges Pre-SEC Days Paul Grewal, Coinbase’s Chief Legal Officer, took to X to share a significant development in the ongoing legal battle between Coinbase and the SEC. Grewal announced that Coinbase formally requested the Court to order the SEC to produce critical documents as part of…

The United Kingdom High Court has issued a Worldwide Freezing Order (WFO) against Australian computer scientist and entrepreneur Craig Wright. This action prevents Wright from moving his assets until he pays £1.548 million ($1.9 million) in legal fees to crypto podcast host Peter McCormack. Court Freezes Wright’s Assets The legal battle between both parties began in 2022 when the self-proclaimed founder of Bitcoin, Wright, sued McCormack for defamation. Wright claimed that McCormack defamed him in several social media posts and YouTube…

The ongoing legal battle between Ripple and the U S Securities and Exchange Commission continues to heat up, with Ripple referencing the partial win of Crypto exchange Binance. Ripple, along with other cryptocurrency-based firms, including Binance, argues that the regulatory landscape for digital assets lacks clarity and consistency. Ripple Labs is taking advantage of Binance’s recent victory in its lawsuit against the U.S. Securities and Exchange Commission (SEC). This event has infused optimism among XRP enthusiasts as it seeks to…

The post Binance vs SEC: Binance.US Ready To Fight Back In The Court Room  appeared first on Coinpedia Fintech News On Friday, Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia ruled that most of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, the world’s largest cryptocurrency exchange, can proceed. This decision comes despite Binance’s efforts to stop the case, raising important questions about the exchange’s future. Binance Ready To…

The post Binance Already Prepared For Friday’s Court Ruling appeared first on Coinpedia Fintech News Binance US said that it was already prepared for Friday’s court ruling that the SEC will continue against the exchange and that it looks forward to the case moving to further discovery. It has noted that the SEC has yet to identify any evidence of wrongdoing on the part of Binance.US throughout the extensive, 11-month discovery process. Binance’s response comes after a U.S. federal judge…

The court dismissed the SEC’s bid to classify BNB sales on secondary markets as securities. Ruling highlights need to consider transaction specifics and context in securities classification. The US Securities and Exchange Commission (SEC) suffered a major setback in its attempt to categorize as securities the sales of Binance USD (BUSD) stablecoin and its native token, BNB, on secondary markets. Referring to the 2023 decision in the SEC v. Ripple Labs case, Judge Amy Berman Jackson signed a court document…

SEC has taken another loss in court, with the Court of Appeals for the Fifth Circuit ruling against the agency in its legal battle with the National Association of Manufacturers. Under Gary Gensler’s command, the SEC attempted to suspend a 2020 rule targeting proxy advisory firms, but the court has termed this a breach of the federal regulatory guidelines. Since taking over as the new SEC tsar, Gary Gensler has waged dozens of legal battles against private companies, winning some…

XRP traders and investors remain unsure of the next steps in the SEC versus Ripple lawsuit. While a verdict on remedies payment is likely soon, the coming election might change narratives. XRP, the digital asset associated with Ripple Labs Inc., recently saw its price plummet as a court ruling in the ongoing case with the SEC came into view. Specifically, XRP ended its Wednesday session, decreasing by 1.2% to $0.4697, according to data our data. XRP Struggles Amid Ongoing SEC…

The post Gary Gensler Addresses Court Ruling and ETH ETFs Delay appeared first on Coinpedia Fintech News Gary Gensler, in his latest interview with Bloomberg, has spilled the beans on the SEC’s take on the Federal court’s rejection of new regulation and controversy related to the delay in ETH ETFs.  Here’s the story in detail! Earlier this month, a federal court struck down a new regulation imposed by the US SEC. The regulation aimed to force hedge funds and private…