SEC

The post After SEC Case Drop, Will Ethereum(ETH) Hold Above $3500 appeared first on Coinpedia Fintech News On Wednesday, the crypto market was driven upward by the news that the US Security Exchange SEC had permanently dropped the case against Ethereum. The press release triggered a marginal rise in altcoins and Bitcoin(BTC) price today reclaimed 65000 USD with a steady move. Ethereum (ETH) spiked 3.5% amid the announcement and moved above the key price level of $35K, a crucial support…

The United States Securities and Exchange Commission is dropping its investigation into whether ETH is a security, which is a major win for the crypto industry. The Securities and Exchange Commission’s decision came after Consensys sent the commission a letter requesting clarification on Ether’s category in the approval of spot Ethereum ETFs. SEC Closes Investigation Into Ethereum The decision was announced by Consensys, with the company stating that the Securities and Exchange Commission’s Enforcement Division had notified the company it…

The post Crypto Market Surge As Ethereum (ETH) Delcared As Commodity By SEC, Ends Investigation! appeared first on Coinpedia Fintech News Despite the market leader, the BTC price recorded a correction of 0.51% within the past day, the Ethereum token has surged 3.26% in valuation following the conclusion of the ongoing investigation by the SEC. Furthermore, top Ethereum-based tokens have displayed a similar trend by adding significant valuation in their respective portfolio. Notably, at the time of writing, the price…

Ripple’s ongoing legal battle with the SEC sees a significant reduction in penalties. The SEC’s original demand of $2 billion has been lowered to $102 million. Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has highlighted a significant shift in the ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC). The SEC has dropped its initial $2 billion demand to $102 million. Alderoty criticized the SEC for its excessive fines and emphasized that Judge Torres had ruled…

Last week, Ripple invoked the Terraform ruling to cut down on the penalty demands from the SEC, with the agency proposing a new fine of $102 million, which Ripple wants reduced to $10 million. The XRP price has rebounded in the past week and, with a 5% gain in the past day, was the only top ten crypto in the green as most coins get off to a bad start to the new week. XRP has kicked off the week…

The bull run has hit a roadblock for many of the top altcoins. The bears have taken prominence in the crypto news for the past seven days. Ripple (XRP) is stuck in its legal battle with the SEC, and its investors are frustrated with how things are going. Floki Inu (FLOKI) is struggling to shake off bearish hold, and it really can’t keep up with the new meme coins. Raboo ($RABT) is the new meme coin that’s rocking the crypto…

Billionaire and cryptocurrency advocate Mark Cuban has said that Gary Gensler and his actions as the head of the United States Securities and Exchange Commission could wreck President Joe Biden’s bid for reelection.  Cuban also stated that Gensler’s political aspirations would be worthless due to his rigid stance against cryptocurrencies.  Gensler Could Cost Biden Reelection Cuban made the comments while speaking at Coinbase’s State of Crypto Summit 2024 about the political fallout of the United States Securities and Exchange’s hard…

The post Ripple vs SEC: US SEC Pushes for $102M Settlement with Ripple as XRP Lawsuit Nears Conclusion appeared first on Coinpedia Fintech News After more than three years of legal dispute over XRP sales between the United States Securities and Exchange Commission (SEC) and Ripple Labs, the case has reached the final phase.  Following the notable change in cryptocurrency oversight by the United States government amid approaching elections, the U.S. SEC has advocated for a settlement with Ripple. Moreover,…

The SEC accuses Ripple of engaging in practices similar to those of previous violations. A potential SEC appeal could add further twists to the ongoing legal battle. A new development in the continuous legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) has seen the SEC react to Ripple’s most recent filings pertaining to the Consent Judgment, as echoed by crypto enthusiast Jack The Rippler. BREAKING: The SEC has responded to @Ripple's letter regarding the TerraForm Labs…