Ripple CEO Brad Garlinghouse recently shared a video on Twitter to announce that his company's long-running legal battle with the Securities and Exchange Commission (SEC) was finally coming to an end. However, rather than feeling sorry for the failure, Garlinghouse emphasized that the case only marks the beginning of a wider struggle for the cryptocurrency industry and the need for regulatory clarity.
Over the past few months, many analysts have predicted that Ripple would win its case against the SEC. However, it now seems that this prediction is about to change. Could the recent disappointing revelations about the Hinman documents be turning the tide?
BlackRock is particularly interested in cryptocurrencies, as well as ETFs. A few months ago, the company launched an ETF in Europe. This time, they have set their sights on a Bitcoin ETF. There is no guarantee that this process will be successful, but it could have significant effects on the flagship cryptocurrency market.
The SEC's legal action against Binance continues to make headlines in the crypto world. Binance executives have vowed to fight and defend their platform. But does the SEC, the one who initiated the battle, really have the means to win this showdown? Carol Alexander has her doubts. Here's why.
It's clear that Ripple won't wait for Judge Torres' conclusion to establish its supremacy as a financial services provider for businesses. Therefore, Brad Garlinghouse's company has decided to expand its operations in Europe if MiCA becomes law. Zoom!
The Hinman documents, previously held by a former SEC executive, are at the core of the legal battle between the SEC and Ripple. According to Ripple, their disclosure is crucial to the outcome of the case. The disclosure has finally happened but falls short of Ripple's expectations, leaving its executives disappointed.
In the SEC VS Binance case, a US federal judge has rejected the request from the US regulator. Quick breakdown: Binance US assets will not be frozen. However, the judge demands further negotiations between the SEC and Binance lawyers. The goal is to define boundaries and resolve security issues.
For several months, the crypto industry has been under pressure. The culprit is the heavy regulatory burden imposed by Gary Gensler, the head of the SEC. He has been launching offensives to exert his power over crypto firms, but some politicians are unwilling to let him deploy his strategy, which they consider fundamentally incoherent.
Usually, when the SEC classifies any token as a “security,” it is followed by sanctions for fraud or illegal sale of an “unregistered security.” And to make matters worse, the digital asset witnesses a plunge in its price. Three famous crypto projects, Solana, Cardano, and Polygon, recently concerned about the actions of the SEC, are taking a stand to avoid the worst.
Legal actions against crypto firm Binance have become one of the significant events in the crypto news this week. The news has caused a wave of consequences that could significantly impact the company's performance.
The legal battle initiated by the SEC against Coinbase and Binance is significantly harming the crypto industry. Some experts believe that it exacerbates the already existing risks in this sector, to the detriment of users who now have to think about protecting their interests.
Ever since El Salvador made Bitcoin an official currency within its territory, the country has been facing a campaign of distrust and surveillance from the United States. Without hiding their deep unease, the Joe Biden administration has implemented legal measures to protect the American financial system from the repercussions of the Salvadoran government's decision. Why do the USA feel threatened, and what actions have they taken in response? Find all the answers in this article.
The European banking sector may witness new laws in the coming days. EU policymakers, who have never hidden their desire to regulate this sector, particularly banks' access to cryptocurrencies, are taking a giant leap and could see their dream become a reality soon. Governments across the European Union are now all in favor of strict restrictions on bank capital, a decision that could directly impact two prominent cryptos.
The SEC has been on a witch hunt against crypto firms for several weeks now. It staunchly defends its position to clean up the American crypto industry and promote its growth. However, many players in this industry do not see the regulator's actions in the same light.
Gary Gensler faced the press to explain the serious accusations brought by the SEC against the exchanges Coinbase and Binance.
Last Tuesday, the SEC, through its chairman, Gary Gensler, filed legal proceedings against the crypto platform Coinbase. The case could see its first twist as Coinbase claims to have evidence of potential bad faith on Gary Gensler's part in this matter.
“We don't need more digital currencies,” said Gary Gensler on CNBC. Is this why the SEC is targeting both Binance and Coinbase, which have hundreds of millions of crypto investors? In any case, the heads of these exchanges declare that they will respond to the SEC's attacks.
In a context of increasing tension between financial regulators and crypto platforms, the announcement of a new lawsuit by the Securities and Exchange Commission (SEC) against Binance has stirred up a storm. The SEC accuses Binance of artificially inflating its transaction volumes and violating several rules, particularly regarding access for US users to its platform. However, a detail has caught the attention of some observers: the unexpected absence of Ripple's XRP from the list of cryptocurrencies that the SEC now considers securities. While XRP has been under attack by the SEC for the past two years, this absence raises numerous questions. Why is XRP missing from this list? Is it a deliberate strategy on the part of the SEC? What could be the repercussions of this decision?
Binance is currently facing legal action brought by the SEC. The reason behind the lawsuit is the trading of tokens deemed as securities. Binance CEO has responded to these accusations, while the platform has expressed its disappointment with the filed complaint by the SEC.
What does the SEC really want by shaking up Binance? The collapse of the crypto industry or its regulation? Many see Gary Gensler and his team's recent initiatives as developing a visceral hatred towards the cryptosphere. In addition to targeting the world's largest exchange, they have also decided to go after 10 tokens traded on the secondary market, such as Cardano's ADA.
The ongoing legal battle between the SEC and Ripple remains at the forefront of discussions within the crypto community. American attorney and founder of CryptoLaw, John Deaton, recently shed light on the case in an exclusive interview on the “Good Morning Crypto Show” of the 3T Warrior Academy. According to Deaton, the chances of XRP emerging victorious from this legal battle stand at 75%.
Binance announces the delisting of twelve cryptocurrencies under French regulatory pressure. Monero is among them.
Hinman's emails, the former head of the SEC, are crucial in its lawsuit against Ripple. It is believed that they could contain the evidence that settles the debate on the nature of XRP, Ripple's native asset. However, access to these emails has been blocked by the court. But this lock could potentially be fully lifted.
Hyperbitcoinization is a concept that has been theorized by some of Bitcoin's most ardent supporters. It refers to a hypothetical state where Bitcoin would be universally accepted as currency. Is this truly credible, and what would be the consequences for the global economy?
In the tumultuous arena of cryptocurrencies, Bitcoin reigns supreme. However, its omnipresence is starting to reveal itself in an unexpected light: it has become a key player in divorce proceedings. The consequences of this intrusion into the marital sphere are raising new legal and ethical questions.
Institutional funds specializing in cryptocurrencies continue to face capital outflows for the fifth consecutive week, according to the latest report from CoinShares. With a withdrawal of $32 million last week, the total outflows now amount to $232 million. Despite a decrease compared to previous weeks, institutional investors remain cautious towards cryptos. Let's explore the reasons behind this trend.
The International Organization of Securities Commissions (IOSCO) is an association of 130 agencies responsible for overseeing securities and futures. It recently launched a consultation process that is expected to conclude by the end of July. In fact, it published 18 policy recommendations for consultation on May 23 for the management of crypto markets. Here's what they are.
It can be said without a shadow of a doubt that Russia is practicing a policy of relaxation when it comes to cryptos. Unofficially, at least, the country is no longer opposed to their emergence as it was a few months ago. As a result, their usage should logically gain ground.
In recent years, the Securities and Exchange Commission (SEC) has fiercely opposed the creation of a Spot Bitcoin ETF. Some exchange-traded fund (ETF) experts believe that this trend is not going to change anytime soon.
As the United States faces the risk of defaulting on its debt, urgent actions are needed. One of them is to raise the debt ceiling. Some politicians, particularly Republicans, would like negotiations in this regard to take into account the interests of crypto firms. But for President Biden, that's a no-go!