SEC

The post Unregulated Crypto Chaos: Nigeria’s SEC Set to Take Action on Unregulated Exchanges! appeared first on Coinpedia Fintech News The Nigerian cryptocurrency scene is heading for a face-off as the country’s SEC prepares to take aggressive action against unregulated crypto exchanges. As digital currencies become more popular, the SEC is serious about stopping platforms that are operating without approval. The big question is: Who will survive this crackdown, and what will happen to Nigeria’s growing crypto market? Nigeria’s SEC…

The post Coinbase Triumphs Over SEC: Major Legal Win Reveals Crypto Secrets! appeared first on Coinpedia Fintech News In an astonishing win, Coinbase has secured a significant victory in its ongoing legal battle with the SEC. On September 5, a federal judge ruled in the favor of the crypto exchange to allow its legal team access to certain SEC documents. These documents will unfold the scenarios of how the regulator classifies crypto tokens as securities. Judge Allows Coinbase Access to…

The post Is the SEC Playing Favorites? Pro-XRP Lawyer Questions Double Standards in Crypto Donations appeared first on Coinpedia Fintech News In a recent tweet, pro-XRP lawyer Bill Morgan raised concerns about the Securities and Exchange Commission’s (SEC) stance on crypto donations, questioning whether there’s a double standard in how such donations are treated. This follows the SEC’s earlier claim that Ripple’s donations and giveaways were considered securities under their single-year offering of XRP. SEC’s Past Stance on Ripple’s Donations…

The post Ripple vs. SEC Lawsuit Update: What’s Next as Appeal Deadline Nears? appeared first on Coinpedia Fintech News Ripple and the XRP community are enjoying a partial win in their clash with the SEC, but the drama might not be over! As the deadline for the SEC to appeal looms, tensions could rise again. Will things heat up?  Keep reading to find out!  In a recent X post, attorney Jeremy Hogan speculated that the SEC might still be undecided…

The post Ripple vs. SEC: Ripple Requests Stay on Monetary Judgment appeared first on Coinpedia Fintech News Ripple vs SEC latest update: On September 4, 2024, the Ripple Lab officially requested the court to pause the monetary part of the judgment which was ordered on August 7, 2024. As of now, the monetary portion of the judgment is still pending and is supposed to be paid on September 6, 2024. However, Ripple is asking the court to decide on their…

The post Garlinghouse Reveals New Ripple Stablecoin Amid SEC Challenges appeared first on Coinpedia Fintech News Korea Blockchain Week has kicked off with a bang, revealing some groundbreaking developments poised to shake up the cryptocurrency market. In a notable media interaction at the event, Ripple CEO Brad Garlinghouse announced plans to introduce a new U.S. dollar-pegged stablecoin, Ripple USD (RLUSD). Currently, Ripple’s new stablecoin is in a private beta phase. Although Garlinghouse did not specify a launch date, it is…

The post This Week in Ripple vs. SEC: Here’s When Ripple Might Pay the $125 Million Fine appeared first on Coinpedia Fintech News The legal battle between Ripple and the SEC, ongoing for over three and a half years, is now approaching its final chapter. The Ripple v. SEC legal battle might be close to resolution as the court ordered Ripple to pay a $125 million fine, considerably less than the regulator initially demanded. Analysts believe that Ripple might soon…

The US Securities and Exchange Commission (SEC) has announced a settlement with troubled crypto hedge fund Galois Capital. The SEC charged Galois with failing to meet critical requirements for safeguarding customer assets, including those the agency stated were “securities”. FTX Costs Galois Capital Half Of Managed Assets According to the SEC’s announcement on Tuesday, Galois Capital’s missteps began in July 2022 when the firm allegedly did not ensure that certain crypto assets held by its private fund were maintained with…

The post XRP Community Alleges SEC Of Manipulating Crypto Market appeared first on Coinpedia Fintech News The SEC, often criticized for having a restricting stance towards the growth of cryptocurrencies, is yet again facing heavy criticism as the XRP community has alleged the SEC of manipulating the crypto market.  XRP Community Refer Hinman’s Statement The XRP community is intensively scrutinizing the SEC‘s recent actions, alleging that the agency manipulates the crypto market to favor Bitcoin and Ethereum at the expense…