SEC

Ethereum enthusiasts were cruising down the information superhighway towards a July 4th fireworks celebration of a different kind: the launch of the first spot Ethereum ETF. Investor excitement was dampened when the US Securities and Exchange Commission unexpectedly sent back applicants’ proposals, delaying the much-anticipated debut. Missed Exit: Ethereum ETF July Launch Goes Up In Smoke The news came as a shock to many, as market watchers and analysts alike had confidently predicted a July launch, with some even suggesting…

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…

The US Securities and Exchange Commission (SEC) has instituted a lawsuit against Metamask developer, Consensys. The Commission alleges that the crypto firm violated securities laws by acting as an unregistered securities broker. SEC Accuses Consensys Of Violating Securities Laws Using Metamask According to the court document, the SEC claims that Consensys has acted “as an unregistered broker of crypto asset securities through its MetaMask Swaps service” since October 2020. The Commission also accused the crypto firm of engaging in the…

The post Judge Amy Berman Jackson Endorses Key Aspects of SEC v Ripple Ruling in Binance Case appeared first on Coinpedia Fintech News Judge Amy Berman Jackson’s recent comments in the SEC v. Binance case have shed new light on the SEC v. Ripple decision. Pro-XRP lawyer Bill Morgan highlighted key points from Judge Jackson’s ruling, which could have far-reaching effects on the crypto community.  Here’s why Judge Torres’ observations in the Ripple case are now seen as more convincing…

The post Ripple vs SEC: Judge Amy Berman Jackson Upholds Ripple XRP Ruling in Binance vs. SEC Case appeared first on Coinpedia Fintech News In a win for crypto, Judge Amy Berman Jackson has upheld Judge Torres’ landmark decision regarding Ripple’s XRP. A moment everyone was waiting for. The recent ruling in the Binance vs. SEC lawsuit supports Judge Torres’ doctrine that XRP itself is not a security and that programmatic and secondary sales of XRP do not meet the…

The post Staking Under Fire: SEC Sues ConsenSys Over Lido & Rocketpool appeared first on Coinpedia Fintech News The crypto world is reeling after the SEC’s latest move. And yes, it’s brutal. The U.S. Securities and Exchange Commission (SEC), led by Gary Gensler, has recently alleged that prominent decentralized finance (DeFi) projects like Lido and Rocket Pool qualify as securities. This move adds to a growing list of legal actions against major crypto entities, including Uniswap, Kraken, Coinbase, Metamask, and…

The post SEC Charges Lido and Rocket Pool for Unregistered Securities Offerings appeared first on Coinpedia Fintech News The SEC in its recent filing noted that The Lido and Rocket Pool staking programs are each offered and sold as investment contracts and, therefore, securities. Investors make an investment of ETH in a common enterprise with a reasonable expectation of profits from the managerial efforts of Lido and Rocket Pool, respectively. But still, neither Lido nor Rocket Pool has filed a…

BlackRock’s Global Allocation Fund now owns 43,000 shares of the iShares Bitcoin Trust. This marks the third internal BlackRock fund to invest in Bitcoin, following the Strategic Global Bond Fund and Strategic Income Opportunities Portfolio. In sequence to BlackRock Updates Ethereum Spot ETF Filing, Preparing for Trading Launch on July 4th, as per CNF recent report, the latest filing with the SEC, BlackRock’s Global Allocation Fund revealed it owns 43,000 shares of the iShares Bitcoin Trust, marking the third internal…

Ripple’s new RLUSD stablecoin aims to enhance XRP’s utility and market presence. The potential launch of an XRP ETF could attract significant investor interest. Ripple president Monica Long says that XRP has been trading in the top 10 for so long. The probability of an XRP ETF is super high, and due to its various use cases, many investors would likely put their money in it. This development proceeded with Ripple’s Monica Long announcing an innovative stablecoin to ‘complement’ XRP…