SEC

The post Terraform Labs Faces Injunction Order To Limit Its Operations Amidst US User Access After SEC Ruling appeared first on Coinpedia Fintech News Terraform Labs, the company headed by criminally charged Do Kwon that caused the million-dollar crypto crash in 2021, announced that it will restrict US users from accessing certain products and features starting next week.  The move is a response to the Securities and Exchange Commission’s injunctions following a court ruling against the firm and its former…

TL;DR The trial between Ripple and the SEC has advanced, with Ripple set to respond to SEC motions by early May following a new scheduling order by Judge Sarah Netburn. Attorney Jeremy Hogan anticipates a potential summer conclusion to the lawsuit, with the company possibly facing a $100 million settlement. What’s Coming Next? The legal dispute between Ripple and the US Securities and Exchange Commission (SEC) entered into its trial phase last week, with numerous industry participants expecting a resolution or…

Consensys has taken legal action against the U.S. Securities and Exchange Commission (SEC). The lawsuit, filed on Thursday, aims to stop an impending SEC crackdown on Consensys’ MetaMask wallet and seeks a crucial ruling on the classification of Ethereum’s native token, Ether. Consensys Challenges SEC’s Stance The filing asserted, “The U.S. Securities and Exchange Commission’s (SEC) threatened regulation of Ether as a security would jeopardize the United States’ ability to use Ethereum and similar blockchain technology.” Consensys is pushing for…

The post Ripple vs. SEC: Judge Netburn Advances XRP Lawsuit with New Scheduling Order appeared first on Coinpedia Fintech News Magistrate Judge Sarah Netburn has issued a new scheduling order in the years-long legal battle between Ripple Labs and the United States Securities and Exchange Commission.  Judge Netburn’s recent nomination as District Judge in the Southern District of New York has not impacted her role in the Ripple vs. SEC case, where she has continued to preside with a reputation…

The post Consensys Sues SEC To Protect Ethereum, Claims ETH Not A Security appeared first on Coinpedia Fintech News ConsenSys has taken on the U.S. Securities and Exchange Commission (SEC) by filing a lawsuit in Texas federal court. The case focuses on the classification of Ethereum’s Ether as a security. ConsenSys argues this designation could harm the entire Ethereum network, posing significant risks to its functionality and innovation. This lawsuit not only challenges regulatory overreach but also aims to protect…

Crypto industry experts believe Ethereum (ETH) spot ETFs will likely be denied approval for public trading by regulators next month. A denial would likely mean U.S. investors receive no product of the sort until December 2024 at the earliest, putting the digital currency well behind Bitcoin (BTC) in terms of adoption by Wall Street. Why Are Ethereum ETFs Unlikely? Sources contacted by Reuters say the few meetings between the Securities and Exchange Commission (SEC) and aspiring Ethereum ETF issuers have…

The post Red Light for Spot Ethereum ETFs? SEC Hints at Rejection appeared first on Coinpedia Fintech News In a historic move, Hong Kong has given the nod to spot Bitcoin and Ether ETFs. However, across the Pacific, regulatory hurdles cast a shadow over hopes for similar approval in the U.S. Recent talks between U.S. issuers and the SEC regarding potential Ether-linked exchange-traded funds (ETFs) have left issuers on edge, with the specter of rejection looming large, according to insider…

Over the past 24 hours, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced a significant 5% price drop. This drop comes amid growing speculation that the highly anticipated Ethereum ETFs will likely be rejected by the US Securities and Exchange Commission (SEC) in the upcoming May deadline. US Bitcoin ETF Issuers Brace For SEC’s Expected Denial According to a recent Reuters report, various US Bitcoin ETF issuers and firms anticipate the SEC’s denial of their applications to launch…

The US Securities and Exchange Commission (SEC) has delayed decisions regarding options trading on spot Bitcoin exchange-traded funds (ETFs) and is expected to deny the proposals for Ethereum ETFs. These decisions reflect the cautious approach of the regulatory body towards cryptocurrency products in the financial markets. SEC Might Delay Bitcoin and Ethereum ETFs The SEC has postponed its decision on the approval of options trading for spot Bitcoin ETFs. This delay, announced in a recent filing, calls for further public…