SEC

On March 25, Ripple CLO Stuart Alderoty revealed that the SEC’s brief will be made public on Tuesday, March 26, and the regulator will be asking the judge for $2 billion in fines and penalties. Alderoty added that the agency has asked U.S. District Judge Analisa Torres in Manhattan for the penalties in court papers filed under seal before stating: “Rather than faithfully apply the law, the SEC remains bent on wanting to punish and intimidate Ripple – and the…

The post Terraform Labs vs. SEC: A Multi-Billion Dollar Crypto Trial Unravels appeared first on Coinpedia Fintech News The SEC has waged a full-blown war with Terra and its ex-founder, Do Kwon. In defense of the right to speak, SEC emphasizes that “this is not a case of technology, trial and error, this is a case of fraud.” While defense lawyers call it a failure. Let’s see what is happening.   A Multi-billion dollar Trial Crypto Begins?  According to a Bloomberg…

The post Ripple vs. SEC: Ripple Faces $2 Billion Fine as SEC Seeks Penalties appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission’s remedies-related brief has finally been revealed to the public, per James K. Filan’s prediction. It has been found that the SEC is pushing for a staggering $2 billion penalty against Ripple Labs as a demand for damages to be paid. Stuart Alderoty, Ripple’s Chief Legal Officer, has also commented in response.  The $2 Billion…

The post SEC vs. Binance: Latest Minute Entry Unveils Status Report Order appeared first on Coinpedia Fintech News In the legal fight between Binance and the SEC, on March 25, a judge named Zia M. Faruqui told both sides to share how things are going with their investigation (they call this “expedited discovery”) by April 5. They must also give ideas on what to do next in this legal battle. The SEC is doing a deep dive into Binance’s business,…

Ethereum (ETH) stands at a crucial juncture, with its eyes set on the $4,000 price mark. Amid this ambitious pursuit, the digital asset faces a significant challenge that could influence its trajectory: scrutiny from the US Securities and Exchange Commission (SEC). Despite this potential regulatory hurdle, some analysts remain optimistic about Ethereum’s prospects. A detailed analysis by Captain Faibik, a market watcher, highlighted a bullish pattern in ETH’s four-hour candlestick chart, suggesting that the $4,000 threshold is within reach. Ethereum…

The United States Securities and Exchange Commission has delayed its decision on spot Ethereum applications filed by Hashdex and Ark 21Shares.  In its notice filed on Tuesday, the Securities and Exchange Commission stated it was extending its time to decide on both applications to May.  SEC Delays Decision  According to a recent filing, the Securities and Exchange Commission has decided to take additional time to take into consideration the potential impact and regulatory concerns associated with the proposed spot Ethereum…

TL;DR The Ripple vs. SEC legal battle is nearing its trial phase on April 23, with the regulator filing an important letter. The entities demonstrated a collaborative effort recently, filing a joint letter to address sealing issues related to the upcoming remedies briefing. The legal battle between Ripple and the US Securities and Exchange Commission (SEC), which has been ongoing for over three years, is nearing its final chapter – a trial scheduled on April 23. Prior to that, though,…

The U.S. Securities and Exchange Commission (SEC) has made a landmark decision by approving 11 spot bitcoin exchange-traded funds (ETFs). This move represents a significant moment in the cryptocurrency industry, marking a shift towards greater institutional adoption and accessibility for investors. The approved ETFs include products from major firms such as BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETP Trust, WisdomTree Bitcoin Fund, Fidelity Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, Invesco Galaxy Bitcoin…

The District of Columbia Court of Appeals has marked a date for when Grayscale and the Securities and Exchange Commission (SEC) may present oral arguments regarding the approval of a Bitcoin spot ETF.  Each side will present its case at 9:30 am ET on March 7, with the SEC arguing against the product, and Grayscale arguing in favor.  Grayscale VS SEC The court date – revealed in a court order filed on Monday according to CNBC – is much earlier…