Ethereum developer firm Consensys, managed by Joe Lubin, filed a lawsuit on April 25 against the U.S. Securities and Exchange Commission (SEC) over its “overzealous regulation” around the Ethereum blockchain. In an announcement on social media platform X, Lubin said Consensys has taken an important step towards “preserving access to ether and, by extension, the…
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The U.S. Securities and Exchange Commission (SEC) has delayed a decision to approve the BlackRock spot Ethereum exchange-traded fund (ETF). In November, BlackRock filed an application with the SEC for an “iShares Ethereum Trust” and if approved the trust would be listed on NASDAQ. In January, the SEC approved almost a dozen Bitcoin spot ETFs…
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Kraken, a prominent cryptocurrency exchange, has filed to dismiss the Securities and Exchange Commission lawsuit saying that allowing this case to continue would set a “dangerous precedent.” In the filing, Kraken has requested that the court dismiss the SEC’s case filed in November. The SEC alleged in November that the exchange’s parent companies were operating…
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On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa Torres’ highly anticipated order has been touted as…
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Gensler has made a show of cracking down on crypto companies that haven’t engaged in actual misconduct. When real fraud is taking place, he’s nowhere to be seen. On Feb. 13, a federal judge put the Securities and Exchange Commission and the Commodity Futures Trading Commission cases against former FTX CEO Sam Bankman-Fried on hold.…
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Kraken agreed to a settlement with the SEC, but that didn’t change the law. Staking does not constitute a security. The settlement between Kraken (Payward Ventures) and the United States Securities and Exchange Commission set off alarm bells in the crypto community this month. Apparently, Kraken — one of the most compliance-minded crypto exchanges in…
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