SEC

Terraform Lawyers are fighting the US SEC with the proposed civil penalty. Do Kwon may still face charges in the United States. Terraform Labs, the company behind the algorithmic stablecoin TerraUSD (UST) is fighting the United States Securities and Exchange Commission (SEC) over a hefty fine levied by the regulator. Terraform Lab’s Lawyers Argument According to reports, the SEC alleges Terraform misled investors and is seeking $5.3 billion in penalties, with most of that being disgorgement, a form of repayment…

MicroStrategy Chairman Michael Saylor predicts Ethereum might bag the securities tag soon. Saylor is convinced only Bitcoin is the globally accepted digital asset. MicroStrategy co-founder and Chairman, Michael Saylor has predicted that the US Securities and Exchange Commission (SEC) will classify Ethereum (ETH) as a security this summer. If this happens, Saylor highlights that the regulator would reject spot Ethereum Exchange-Traded Funds (ETFs) filed by asset management firms. Saylor Says Bitcoin is the Winning Accepted Institutional Asset  Saylor made the…

The post Ripple Vs SEC Update: Here’s What To Expect On May 6 appeared first on Coinpedia Fintech News In the ongoing legal conflict between Ripple and the US Securities and Exchange Commission (SEC), which heavily impacts the price of XRP, the two parties are at odds over whether testimony from SEC’s Assistant Chief Accountant, Andrea Fox, should be allowed. Ripple has recently submitted a letter supporting its motion to dismiss new expert evidence. They argue that Fox’s statements qualify…

Ripple has filed a letter in support of its motion to strike expert materials provided by the SEC, particularly those from Andrea Fox. Ripple argues that the SEC failed to disclose Fox as an expert witness before the final discovery phase, challenging her classification as a summary witness. San Francisco-based blockchain startup Ripple has submitted a new letter to support its motion to strike the expert materials provided by the U.S. Securities and Exchange Commission (SEC). In its motion, Ripple…

The post Nigerian SEC To Meet Foreign Exchanges In The Midst Of Regulatory Tussle appeared first on Coinpedia Fintech News Emomotimi Agama, the pro-crypto Director General of Nigerian SEC is set to meet local and foreign crypto CEXs at an event on May 6th amidst its regulatory battle. The meeting is for setting up a progressive regulatory course for the Crypto sector in the country. The news comes in as Nigeria fights a legal battle with Binance. Binance was charged…

TL;DR Ripple contests the SEC’s classification of the “Fox Declaration” as standard evidence, arguing it’s expert testimony, which affects the legal proceedings. Predictions suggest a possible $100 million settlement in case, potentially impacting XRP’s value and the broader crypto market. Ripple Strikes Back The legal battle between Ripple and the US Securities and Exchange Commission (SEC) escalated recently due to a disagreement on one key witness’ testimony. The two entities can not find common ground on a statement from Andrea…

The post Ripple vs SEC Lawsuit Update: Ripple Asks Court to Dismiss SEC Expert Evidence appeared first on Coinpedia Fintech News In the legal showdown, Ripple does not back off from brushing off the SEC’s highly controversial evidence to present in court.  Here’s the real story behind it:   Fox’s Role in the Case James K. Filan, a veteran defense lawyer, reported that Ripple filed a letter in support of its April 22, 2024, request to strike new expert materials and…

A New York jury found Terraform Labs and its co-founder Do Kwon guilty of fraud.  Terraform Labs’ lawyers have vehemently denied the allegations, arguing that the majority of token sales occurred outside the United States.  Terraform Labs and its co-founder Do Kwon have been found guilty of fraud by a New York jury. The verdict follows a two-week trial during which the Securities and Exchange Commission (SEC) presented evidence of alleged wrongdoing by the defendants. The outcome of this case…

The post Litecoin ETF: Potential SEC Approval and Market Impact in Cryptocurrency appeared first on Coinpedia Fintech News The crypto community is anticipating a Litecoin ETF, championed by founder Charlie Lee, awaiting SEC approval. Lee’s optimism can possibly be ascribed to Litecoin structural similarities with Bitcoin, favoring its ETF classification. Ethereum relying on Proof-of-Stake brings regulatory challenges, delaying potential ETF approvals. Meanwhile, Lee is cautious about the prospects of Ethereum’s ETF because of these challenges. Market analysts spread caution, citing…