SEC

In recent years, XRP has emerged as a key player in the global financial arena, with significant developments pointing towards its growing importance. By 2025, all Japanese banks are expected to adopt XRP, a move driven by the Central Bank and major financial institutions like SBI Holdings. This strategic decision aims to streamline cross-border transactions, boost liquidity, and integrate blockchain technology into Japan’s financial system, potentially positioning the country as a global leader in digital currency usage. Meanwhile, India's recent…

Mango Markets DAO has proposed a $223,228 settlement with the SEC to address allegations of securities law violations, marking a significant move amid ongoing regulatory scrutiny. Settlement Proposal Amid Regulatory Scrutiny Mango Markets DAO, the decentralized autonomous organization behind the Solana-based decentralized exchange Mango Markets, has proposed a settlement with the U.S. Securities and Exchange Commission (SEC) to address allegations of securities law violations. The proposal, which includes a $223,228 fine, follows extensive investigations by U.S. regulators into the activities…

The post Tron Lawsuit Update: SEC vs. Tron Battle Takes a New Turn in Court appeared first on Coinpedia Fintech News In a critical turn of events, the Tron Foundation and its founder, Justin Sun, have scored a significant legal victory against the U.S. SEC. A federal judge in New York recently denied the SEC’s request to expedite legal proceedings in its ongoing securities fraud case against Tron, marking a crucial moment in this high-profile lawsuit. The SEC’s Motion Rejected…

The post XRP Price Prediction: Evaluating Ripple’s Market Position After SEC Settlement appeared first on Coinpedia Fintech News Amid the ongoing crypto rebound led by Bitcoin (BTC), which rallied above $60k again today, Ripple Labs-backed XRP price signaled the onset of a macro bullish outlook. The large-cap altcoin, with a fully diluted valuation of about $60 billion and a daily average traded volume of nearly $2 billion, pumped 7.4 percent in the past 24 hours to trade around $0.608 on…

The post Will Kamala Harris Fire SEC Chair Gary Gensler if Elected? appeared first on Coinpedia Fintech News As the 2024 election approaches, there is speculation on how the Democrats will navigate the complex landscape of crypto regulation, especially with Gensler’s future at the SEC uncertain. Some believe that a change in administration, particularly a Republican one, might be more favorable for the crypto industry.  In an interview with The Paul Barron Network, New York Times bestselling author and veteran…

On August 15, exchange-traded fund issuer Defiance ETFs announced the launch of MSTX, MicroStrategy’s first-ever leveraged single-stock ETF. This development followed approval from the US Securities and Exchange Commission (SEC). Designed to provide 175% long daily exposure to MicroStrategy’s stock, MSTX offers investors amplified access to the company’s performance, closely tied to Bitcoin’s volatility. MicroStrategy’s Bitcoin Strategy Drives ETF Interest MicroStrategy is a Virginia-based software company famous for its aggressive Bitcoin acquisition strategy. As of Q2 2024, the company holds…

The post XRP News: How Might Ripple’s Legal Victory Impact Future SEC Regulations? appeared first on Coinpedia Fintech News During a podcast session with securities law professor J.W. Verret, Ripple’s chief legal officer, Stuart Alderoty, discussed the possibility of the U.S. SEC appealing the court’s decision regarding XRP. While Alderoty acknowledged that an appeal is possible, he remains confident that XRP’s non-security legal status will not be affected. He pointed out that Judge Analisa Torres’ ruling on secondary XRP sales…

The post SEC Approves First Ever Leveraged MicroStrategy ETF: A New Gateway to Get Bitcoin Exposure appeared first on Coinpedia Fintech News The SEC has approved MSTX, the first leveraged single-stock ETF targeting MicroStrategy, a company known for its significant Bitcoin holdings. This approval is a key moment for both traditional and crypto markets, as MSTX increases MicroStrategy’s daily stock movements by 175%, offering investors a more powerful way to gain exposure to Bitcoin through MicroStrategy’s large holdings. SEC Approves…

The post Coinbase Attacks the SEC Over New Rule-A New Crypto Battle Begins! appeared first on Coinpedia Fintech News Coinbase is once again in a heated battle with the U.S. Securities and Exchange Commission. The SEC has been trying to impose old rules on digital technology for a long time. Now they want to change the definition of exchanges to include Decentralized Exchanges (DEXs). Coinbase isn’t happy about it, and they did not hold back. Why Coinbase is Pushing Back…