SEC

Fred Rispoli’s concern over XRP’s legal status highlights potential regulatory inconsistencies, suggesting it could be deemed a security in California but not in New York. Despite Judge Phyllis Hamilton dismissing several claims against Ripple in the Zakinov lawsuit, including allegations of securities law violations, the debate over whether XRP qualifies as a security remains unsettled. Prominent legal expert Fred Rispoli has raised a significant concern about XRP’s legal status, suggesting the possibility that the coin could be classified as a…

The SEC uses Ripple’s lawsuit ruling as supplemental authority in the Binance case. Judge Hamilton’s objective ruling on XRP’s third Howey test prong sparks debate. In its continuous legal dispute with Binance, the U.S. Securities and Exchange Commission (SEC) has now added a new twist by taking advantage of a recent decision from the Ripple class action lawsuit. Following a legal opinion from a California district court judge, which differs greatly from a Southern District of New York (SDNY) judge’s…

The post Top ETF Analyst Expects Wave of Amended ETH ETF Filings Today, Eyes SEC Approval by July 2nd appeared first on Coinpedia Fintech News Bloomberg ETF analyst Eric Balchunas has indicated that a significant number of amended S-1 filings for Ethereum-based Exchange Traded Funds (ETFs) are expected to be submitted today. As a result, the Securities and Exchange Commission (SEC) is set to review these amendments, with the potential final approval setting the launch of ETH ETFs by July…

Consensys, a leading Ethereum software company, is pressing forward with its lawsuit against the U.S. Securities and Exchange Commission (SEC), seeking greater regulatory clarity for the cryptocurrency sector, even after the SEC concluded its 14-month investigation into the Ethereum developer.  SEC Investigation Closure The SEC announced the closure of its investigation on June 18, which had scrutinized the buying and selling of Ether during Ethereum's transition to a proof-of-stake consensus mechanism. The investigation, which began on March 28, 2023, also…

The Ripple vs SEC lawsuit appears to be approaching a potential resolution as reports suggest the SEC may not appeal Judge Analisa Torres’ recent partial judgment favoring Ripple Labs. This strategic move by the SEC aims to prevent further escalation of the case in higher courts, signaling a significant shift in legal strategy. The latest development in the market suggests that the long-going Ripple vs SEC lawsuit might be nearing its end soon. One recent report suggests that the U.S.…

The post Kraken Vs Sec Lawsuits: Judge Hints Denial of Kraken’s Motion to Dismiss the Case appeared first on Coinpedia Fintech News The ongoing legal battle between Kraken and the U.S. Securities and Exchange Commission (SEC) took a dramatic turn during a recent court hearing on Kraken’s motion to dismiss the lawsuit. The judge hinted that Kraken’s request to dismiss the case might not happen. Here’s what happened in the court ruling.  Judge Hints at Denial of Motion During a…

The SEC has closed its investigation into Ethereum, deciding not to pursue charges that ETH sales were securities transactions. The XRP community is outraged, accusing the SEC of double standards and biased treatment. The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Ethereum, marking a significant triumph for developers, technology providers, and industry participants within the cryptocurrency sector. This decision follows a series of regulatory challenges and a lawsuit filed by Ethereum developer Consensys. SEC Ends…

The cryptocurrency XRP is making waves as open interest (OI) for the token experiences a dramatic rise. This surge in investor positioning coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Bullish Bets On The Horizon Cryptocurrency analysis platform CryptoQuant detected a significant increase in XRP’s open interest, indicating a growing number of investors entering positions. This trend suggests a bullish sentiment, with investors betting on a potential…

XRP community criticizes SEC for unequal treatment compared to Ethereum. SEC’s suspension of Ethereum lawsuit sparks debate over crypto regulation fairness. The US Securities and Exchange Commission (SEC) chose to put on hold its lawsuit contesting Ethereum’s security status just before the spot Ethereum ETF’s approval. The SEC is also closed investigation into Ethereum 2.0, as previously reported by ETHNews. The XRP community, which has openly blasted the SEC for its biassed approach, has not been pleased with the outcome,…