SEC

The post Ripple’s CTO Weighs in on XRP Burning Debate Amid SEC Lawsuit appeared first on Coinpedia Fintech News The ongoing debate surrounding XRP burning has recently received a significant contribution from a key figure within the Ripple ecosystem. David Schwartz, Ripple’s CTO and a founding developer of the XRP Ledger (XRPL), weighed in on the conversation, offering insights into proper burning mechanisms for a healthier XRP market. This conversation unfolds against the ongoing SEC lawsuit against Ripple, which has…

Cardano saw a big jump in investor interest, with $1.1 million flowing into its investment products last week, marking a turnaround from previous outflows. Despite March’s dip, Cardano has attracted around $6 million since the start of the year, showing a positive trend for the cryptocurrency. In recent weeks, Cardano (ADA) has garnered significant attention from investors, experiencing a surge in inflows totaling $1.1 million. This sudden influx marks a notable reversal from the $3.7 million outflows recorded just a…

Ripple XRP’s potential rise hinges on the possibility of an XRP ETF, with Uphold bank executive Martin Hiesboeck expressing optimism about its development. Legal battles with the SEC over XRP’s classification as a security pose a significant hurdle for its ETF aspirations, but Ripple CEO Brad Garlinghouse remains hopeful. Uphold bank executive Martin Hiesboeck remains buoyant about XRP’s trajectory, hinting at an imminent rise in its value. Hiesboeck points towards ongoing developments within the XRP ecosystem, suggesting that an XRP…

Cboe is seeking to issue a multi-share class fund that would combine exchange-traded funds (ETFs) and mutual funds. Experts have shared an optimistic outlook predicting that the number of ETFs and ETF assets could dramatically increase if the SEC approves the request. Cboe Global Markets has filed a request with the U.S. SEC that will see the firm launch one of the most revolutionary products in the crypto market. As it is, the two financial products operate under unique rules…

The post SEC WINS – NY Jury Holds Terraform Labs and Founder Do Kwon Liable in Civil Fraud  appeared first on Coinpedia Fintech News A New York jury in Manhattan Federal Court has found the Singapore-based Terraform Labs and its founder Do Kwon, liable for civil fraud charges. The verdict was passed after just two weeks of trial, which held the U.S. Securities and Exchange Commission’s allegations of misleading investors in 2022 as true and made the prosecutors declared as…

Although the US has yet to win the extradition victory against South Korea for Do Kwon, a New York court has already ruled against the fallen former crypto mogul in a legal case launched by the Securities and Exchange Commission. Do Kwon and his crypto brainchild – Terraform Labs – were found guilty of misleading investors in the 2022 crash. The Terra collapse from two years ago was among the loudest in the cryptocurrency industry, which resulted in an investor…

The 2018 speech of former Director of the Division of Corporation Finance in the U.S. Securities and Exchange Commission (SEC), William Hinman, takes center stage in a renewed debate as his ethical conduct becomes a subject for discussion.  While a General Crypto Counsel at a16z, Miles Jennings, commend him for his clarifications, Ripple’s CTO David Schwartz, believes that there were serious inconsistencies in his correspondence.  The longstanding legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC)…

The post Terra vs SEC : Terraform Labs Presents Closing Arguments in Civil Fraud Trial Amidst Allegations of Investor Deception appeared first on Coinpedia Fintech News The trial procedures on civil fraud against Terraform Labs and its founder Do Kwon are coming to an end as attorneys are gearing up to deliver their closing arguments.  The trial initiated and proceeded by the U.S. Securities and Exchange Commission focuses on accusations of wire fraud and scamming investors with TerraUSD, a stablecoin…

As a routine measure, the SEC has opened for public comments on the proposed Ethereum ETFs from Grayscale, Fidelity, and Bitwise. Although there is increasing concern about the status of ETH according to experts this might not hinder the approval of its ETF. The U.S. SEC has opened comments on the proposed Ethereum ETFs from Grayscale, Fidelity, and Bitwise. The comments apply to the proposed rule change that two exchanges – Cboe BZX and NYSE Arca – will list and…