SEC

The post SEC Sends Wells Notice to NFT Platform Opensea appeared first on Coinpedia Fintech News The co-founder of NFT platform Opensea has shared from his X account that the platform has received a Wells Notice from the SEC. He said that the SEC wants to sue the platform because according to them the NFTs are securities. He added that they are not going to risk the platform and the hundreds of thousand artists. He stated “To help ensure creators…

The post XRP Lawsuit Update: Is the SEC Planning to Appeal in Ripple vs SEC Case After the Rate Cut? appeared first on Coinpedia Fintech News The buzz is electric as the SEC’s potential appeal of Ripple’s landmark victory hangs in the balance! Weeks after Ripple Labs triumphed over the SEC, crypto analyst Mr. Huber suggests the SEC might hold off on an appeal until the September rate cut. Meanwhile, Bill Morgan isn’t too sure, giving only a 60% chance…

The post XRP News Today: Is Ripple vs SEC Lawsuit Truly Over? Could a Surprising Appeal Turn the Tides? appeared first on Coinpedia Fintech News Is the SEC vs Ripple Case “REALLY” Over? Pro-XRP lawyer Bill Morgan has in his series of X posts voiced increasing doubts about the U.S. SEC’s likelihood of appealing the recent Ripple summary judgment. Morgan hints that an appeal might be off the table if the decision is strictly about legal matters. He’s spotlighting the…

The post Nasdaq seeks SEC approval for Bitcoin Index Options appeared first on Coinpedia Fintech News Nasdaq, the major American stock exchange, is planning to introduce a new financial tool for Bitcoin enthusiasts. The exchange is seeking approval from the SEC to launch and trade  Options on the Bitcoin Index. This could provide traders and institutions another way to get exposure with Bitcoin investment. What is an Option Options are listed derivatives that give the holder the right to buy…

Abra has settled with the SEC over charges related to the unregistered sale of securities through its crypto lending product, Abra Earn, and related violations by its parent company, Plutus Lending LLC. SEC's Allegations and Settlement In a significant regulatory development, crypto lending firm Abra has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC) for operating its crypto asset lending product, Abra Earn, without proper registration.  The SEC’s charges stemmed from Abra’s operation of its yield-generating…

The post Abra Settles With the SEC, Agrees to Pay Fine appeared first on Coinpedia Fintech News Abra, a crypto trading and lending platform got sued by the SEC. It seems like a trend for the SEC to sue crypto projects. The SEC sued Abra for conducting unregistered offers and sales of crypto asset securities through its Abra Earn services. The Securities Commission also alleged Abra to have operated as an unregistered investment company. The Allegations on Abra Launched in…

The post Kraken Under the SEC Lawsuit Fire! appeared first on Coinpedia Fintech News Kraken, one of the major cryptocurrency exchanges, was sued by the SEC last November in the Northern District of California. The ongoing legal battle between cryptocurrency exchange Kraken and the SEC has taken a significant turn. On August 23, U.S. District Court Judge William H. Orrick of the Northern District of California ruled that the SEC’s lawsuit against Kraken will proceed to trial, rejecting its motion…

The post Kraken Suffers Setback: Judge Denies Dismissal in SEC Lawsuit appeared first on Coinpedia Fintech News In a legal battle between SEC vs Kraken, the U.S. SEC has won a crucial battle in its ongoing lawsuit against Kraken, a major U.S.-based cryptocurrency exchange. On Friday, Judge William Orrick of the Northern District of California ruled that the SEC vs Kraken case could proceed, denying the exchange’s motion to dismiss the lawsuit. Let’s understand the ruling! Eleanor Terrett Highlights “Double…

The SEC has rejected Cboe's 19b-4 filings for two proposed Solana ETFs, citing concerns over Solana's classification as a security, which has stalled the approval process. Regulator Stymies Solana ETF Proposals The U.S. Securities and Exchange Commission (SEC) has rejected the 19b-4 filings submitted by Cboe BZX for two proposed spot Solana Exchange-Traded Funds (ETFs). The filings were submitted by the crypto exchange on July 8 and, according to sources familiar with the matter, were subsequently withdrawn from the Cboe…