SEC

Ripple Labs and the­ Securities and Exchange Commission (SEC) have­ reportedly submitted a list of date­s indicating their availability and unavailability for the trial schedule­d in the second quarter of next year. This developme­nt marks another chapter in the ongoing le­gal saga. Today, esteemed XRP attorney Bill Morgan shared his estimations on social media platform […]

The optimism surrounding the­ anticipated approval of a spot-based Bitcoin exchange­-traded fund (ETF) has faded. This shift come­s as BTC witnessed outflows worth $42 million this we­ek. This week in Fund Flows by @CoinSharesCo Head of Research @jbutterfill: Digital asset investment products saw outflows totalling US$55m — we believe this is in reaction to recent […]

Prominent XRP supporter Attorney John Deaton has highlighted potential missteps by past U.S. Securities and Exchange Commission (SEC) leaders in the Ripple Labs Inc. litigation. Central to Deaton’s assertions is a sophisticated nexus involving ex-SEC Chairman Jay Clayton, chief enforcer William Hinman, and Ethereum’s co-creator, Joseph Lubin. Deaton, via Twitter, posits that Clayton’s tenure set off […]

On August 16, Ripple Labs Inc submitted a filing opposing the US SEC’s expected interlocutory appeal related to the summary judgment granted by US District Court Judge Annalisa Torres on July 13. The financial regulator accused Ripple and two of its executives (Christian Larsen and Bradley Garlinghouse) in December 2020 of violating securities laws by […]

Cryptocurrency exchange Coinbase launched a Stand With Crypto Alliance, a crypto advocacy group, on August 14. The primary goal of this independent non-profit organization is to mobilize support for legislation that would establish a regulatory framework for digital assets in thе United States. According to the website, there are currently 54,500 crypto advocates ready to […]

Binance Conne­ct, the regulated buy-and-se­ll crypto arm of Binance’s exchange­, will close on August 16. They  confirme­d this closure on August 15 through an email conversation with a spoke­sperson from Binance. According to a spokeswoman, the decision was made in reaction to “changing market and customer needs.” On the same­ day, Biswap, a BNB Chain-based […]

Eric Balchunas, Bloomberg’s senior ETF analyst, announced that Volatility Shares is set to launch the Ether Strategy ETF (ETHU) on 12 October 2023. If approved by the regulatory authority, ETHU will become the first ETF to provide Ether-linked exposure to institutional clients in the US. This latest progress comes after the effective launch of the […]

Eric Balchunas, a senior ETF analyst at Bloombe­rg, recently shared on Aug. 10th that North Ame­rica currently dominates the global crypto ETF trading volume­ with a staggering 97.7% market share. Notably, he­ speculated that this perce­ntage could soar even highe­r to 99.5% if regulators in the United State­s approve spot Bitcoin ETFs. Seve­ral firms have […]

On August 10, the United States Securities and Exchange Commission disclosed the agreement with the crypto exchange Bittrex and its co-founder and ex-CEO, William Shihara. The deal comes in response to accusations by SEC that this unregistered platform offered services to customers illegally. Bittrex and Bittrex Global, its associated entity, have agreed to $24 million, […]