SEC

Bitwise Asset Management, a provider of cryptocurrency index funds, wants the U.S. Securities and Exchange Commission (SEC) to defer approval for a spot Ethereum Exchange-Traded Fund (ETF) until December. Bitwise Chief Investment Officer Matt Hougan told Forbes in an interview that the industry’s focus on Bitcoin-related products may hinder the necessary attention required for the development and approval of an Ethereum ETF. Spot Bitcoin ETF Success and Market Readiness The move comes in the wake of the company’s achievement with…

The post Ripple vs SEC : Bill Morgan Clarifies SEC’s Position on XRP Sales appeared first on Coinpedia Fintech News The debate around XRP and whether its sales count as securities just took a sharp turn, thanks to insights from renowned lawyer and crypto enthusiast  Bill Morgan. Recently, Morgan went on Twitter to shed more light on the matter. His point? There’s a lot of confusion out there, and he’s here to sort it out. It all started when Morgan…

The entity behind layer-1 blockchain Tron has urged a New York federal court to dismiss a lawsuit against it brought by the United States Securities and Exchange Commission (SEC).  Tron has argued that the regulator is attempting to target predominantly foreign conduct and that it isn’t a worldwide regulator.  Tron Seeks Dismissal Of SEC Lawsuit  Tron sought the dismissal in a request under a New York-based federal court. The company asserted that the court must dismiss the lawsuit the Securities…

The post Ripple vs SEC: SEC’s $1.95 Billion Demand and XRP’s Potential Sell-Off appeared first on Coinpedia Fintech News The U.S. SEC has made headlines by demanding a staggering $1.95 billion in fees and penalties from Ripple, a leading cryptocurrency company. This demand, outlined in the SEC’s recent filing has sparked intense scrutiny and speculation within the crypto community.  Assessing Ripple’s Potential Strategy to Clear $2 Billion Penalty In its proposed judgment, the SEC is adamant about Ripple paying a…

Consensys, the parent company of self-custody wallet MetaMask, has urged the Securities and Exchange Commission to approve a spot Ethereum ETF, emphasizing Ethereum’s security features.  The Securities and Exchange Commission is reportedly looking into ETH’s status as a security, a move that has dampened market sentiment, with many anticipating a delay in an ETF approval.  Consensys Submits Comment Letter  To bolster the case for a spot Ethereum ETF, Consensys has submitted a comment letter to the Securities and Exchange Commission,…

The post Ripple vs. SEC Settlement on Horizon? Insight on XRP Lawsuit appeared first on Coinpedia Fintech News Speculation is swirling within the crypto community regarding a potential settlement meeting between Ripple Labs and the US SEC amidst the ongoing XRP lawsuit. The speculation gained traction after Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty were reportedly seen in New York, fueling rumors of settlement discussions. Settlement Conference or Something Else?  BobaFete, an XRP community member, claimed to…

Judge Failla’s ruling allows the SEC to continue its case against Coinbase, raising concerns about Solana’s classification as a security. The market initially reacted negatively, with Solana experiencing a 5.7% price drop, but it managed to recover most of its losses. In a recent ruling by United States Southern District of New York’s Judge Katherine Polk Failla, the future of Solana (SOL) has come under scrutiny as the judge denied Coinbase’s motion to dismiss, allowing the Securities and Exchange Commission…

Terraform Labs faces SEC trial over alleged crypto fraud, accused of misleading investors about stablecoin stability. The legal battle was delayed till March, with co-founder Do Kwon remaining in Montenegro after the extradition ruling was overturned. Terraform Labs and its co-founder Do Kwon confront the US Securities and Exchange Commission (SEC) in a high-stakes trial. The SEC’s allegations paint Terraform Labs as a central player in a sprawling financial deceit that rocked investors, leading to one of the most significant…

The United States Securities and Exchange Commission secured a major win in court after a judge ruled in its favor and denied Coinbase’s motion to dismiss.  According to the judge’s ruling, the Securities and Exchange Commission’s claim that Coinbase engaged in the sale of unregistered securities could be heard by a jury at trial.  Big Win For The SEC  US District Judge Katherine Failla’s decision clears the path for the Securities and Exchange Commission to pursue its lawsuit against Coinbase.…