SEC

Bitcoin’s price slumped hard yesterday following the latest US CPI announcement but went on the offensive hours later and currently flirts with the $71,000 line. Moreover, DOGE, TON, NEAR, WIF, VET, and ETC have had impressive gains over the past day or so, with TON and WIF surging by about 9%. BTC Challenges $71K BTC had fallen below $66,000 on Friday but started to regain traction during the weekend and even challenged the $70,000 level on Sunday. However, it was…

The post UNI Token Price Crashes: SEC Targets Uniswap Labs, Sparking Massive Sell-Off appeared first on Coinpedia Fintech News Uniswap Labs, the creator of Uniswap decentralized exchange (DEX), received a Wells notice from the SEC, signaling potential legal action. UNI fell 10% from $11.21 to $10 after Uniswap disclosed receiving a Wells notice from the SEC. It’s now trading at $9.66, the lowest since late February. Despite the setback, Uniswap Labs vows to contest the allegations, emphasizing the decentralized nature…

The U.S. Securities and Exchange Commission (SEC) is cracking down on another corner of the crypto industry, this time targeting one of the biggest players in decentralized finance (DeFi). On Wednesday, the regulator issued a Wells Notice against Uniswap Labs, the company behind the world’s largest decentralized exchange (DEX). Uniswap To Be Sued By SEC Uniswap Labs publicly confirmed the news in a press release on Wednesday, and assured followers that the team is “ready to fight.” “This is the…

In a significant development, Uniswap - one of the world's leading DeFi protocols, has received an enforcement notice from the U.S. Securities and Exchange Commission (SEC).  SEC's Enforcement Notice The SEC informed Uniswap of its intent to pursue enforcement action, citing concerns that the DEX may be operating as an unregistered securities broker and exchange. This notice, known as a "Wells notice," serves as a preliminary warning that the regulator is considering bringing charges against the respondent. The implications of…

The United States Securities and Exchange Commission (SEC) has postponed its decision on the New York Stock Exchange’s proposal to introduce option trading on spot Bitcoin exchange-traded funds (ETFs). Grayscale Bitcoin Trust and Bitwise Bitcoin ETF are directly affected since they hold BTC on the NYSE. SEC Delays Decision on Spot BTC ETF Options Trading The SEC cited in its April 8 filing that it will require a longer time to take action on the suggested rule change so that…

The SEC extended the review period for the proposed rule change for options trading on spot Bitcoin ETF, pushing the decision deadline to May 29. Options trading provides investors with opportunities for speculation and hedging strategies. If approved, this move would mark a significant step in integrating digital assets into traditional financial markets. Once again, the U.S. Securities and Exchange Commission has delayed its decision to offer options trading for the spot Bitcoin exchange-traded funds (ETFs) on the New York…

Justin Sun, the founder of Tron (TRX), recently sought a dismissal of a lawsuit filed against the platform by the US Securities and Exchange (SEC). Filed in March 2023 in the District Court of the Southern District of New York, the case pertains to the alleged sale and airdropping of unregistered securities.  The case is the latest example of a conflict between crypto firms and regulatory bodies. Experts are closely monitoring the case to see how it will impact the…

Ripple to soon respond to SEC’s motion that seeks court order to prohibit XRP sales to institutional investors. Ripple’s legal standoff with the SEC continues to influence XRP’s price action, with the cryptocurrency hovering below the 50-day EMA but above the 200-day EMA. The XRP price hovers around the $0.60 level awaiting a strong bullish surge and a crucial breakout all the way to $1.0. However, the XRP investors remain cautious of Ripple’s response to the SEC’s recent filing, ahead…

The United States Securities and Exchange Commission has delayed its decision to allow the New York Stock Exchange to offer options for trading on spot Bitcoin ETFs.  The next deadline for the SEC to approve, deny, or delay the proposed rule change on the New York Stock Exchange is on the 29th of May.  SEC Delays Decision  The Securities and Exchange Commission’s delay could significantly impact options trading on the Bitwise Bitcoin ETF (BITB), the Grayscale Bitcoin Trust (GBTC), and…