Amid recent market volatility, major cryptocurrencies like XRP have seen a wave of optimism among investors and traders as several crypto analysts continue to offer bold predictions regarding the altcoin. Even though XRP has not been able to witness a massive surge since its rally to its current all-time high in 2017, these analysts are…
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Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, resigned on April 22 following a federal judge’s sanction and severe criticism of the regulatory agency’s handling of a crypto-related case. Initially, the SEC legal unit, led by attorney Michael Welsh, had convinced the court to freeze DEBT Box’s assets, arguing…
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A member of the Securities and Exchange Commission (SEC) who is emphatically critical of Bitcoin and crypto may lose her spot at the agency’s high table on June 5, government records suggest. Per the SEC’s website, Commissioner Caroline A. Crenshaw was sworn into her position alongside Commissioner Hester M. Peirce (aka “Crypto Mom”) on August…
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The United States Securities and Exchange Commission (SEC) has edited its Tron lawsuit against Justin Sun and his crypto companies, Tron Foundation, the BitTorrent Foundation, and Rainberry, following his attempted dismissal of the litigation late last month, amended court docs filed on Thursday reveal. Tron Lawsuit Edited After Justin Sun’s Attempted Dismissal In the updated…
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Consensys has told the U.S. Securities and Exchange Commission that Ethereum’s proof of stake implementation “meets and even exceeds the security of Bitcoin’s Proof of Work (PoW).” The blockchain software company said the commission should recognize the advanced safeguards inherent in Ethereum’s design which exceed the “security and resilience safeguards underlying bitcoin-based exchange-traded products.” The…
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Rekt Capital, a cryptocurrency expert and enthusiast, has identified a similar pattern between the recent Bitcoin pre-halving retrace and the one that took place in 2020 before the crypto asset witnessed an upsurge to its previous all-time high. Bitcoin Pullback Is Almost Identical With 2020 Pre-Halving Retrace Bitcoin, the largest cryptocurrency asset, is presently demonstrating…
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The US Securities and Exchange Commission (SEC) Chair Gary Gensler has criticized crypto industry participants for avoiding registration requirements with the regulator. In his closing remarks during a speech at Columbia Law School, Gensler emphasized the importance of mandatory disclosure for market participants, referring to Supreme Court Justice Louis Brandeis’ statement that “Sunlight is said to…
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The US Securities and Exchange Commission (SEC) has taken legal action against 17 individuals involved in an alleged $300 million Ponzi scheme operating under the name CryptoFX, a cryptocurrency trading platform. The SEC’s charges shed light on a fraudulent operation that targeted Latino investors, promising them financial prosperity and guaranteed returns through crypto and foreign exchange investments.…
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A federal judge has ruled that the US Securities and Exchange Commission’s lawsuit against crypto firms Gemini and Genesis will proceed in court. The judge’s decision comes after Gemini and Genesis attempted to have the lawsuit, which alleges the sale of unregistered securities through the Gemini Earn program dismissed. In a 32-page order issued on March 13, New York…
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The United States Securities and Exchange Commission (SEC) has delayed the decision to approve options trading on spot Bitcoin exchange-traded funds (ETFs). The SEC extended the response deadline for the Cboe Exchange and the Miami International Securities Exchange, both of which filed bids to offer options on Bitcoin ETFs. The agency has also postponed the decision on Nasdaq’s bid to…
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