Ripple CLO Critiques Gensler’s Use of Crypto Asset Securities
Ripple CLO criticizes SEC Chair Gensler’s use of crypto-asset securities and emphasizes the importance of voting in elections to influence crypto regulations. Stuart Alderoty, the Chief Legal Officer of Ripple, expressed his dissatisfaction with the use of “crypto-asset securities” by SEC Chair Gary Gensler and encouraged dissatisfied crypto investors to participate in the forthcoming elections. […]
Ripple Argues for Civil Penalty, Invokes SEC v. Terraform case
Ripple has requested that a court consider an “appropriate” civil penalty in their lawsuit against the United States Securities and Exchange Commission (SEC). In a June 13 filing in the U.S. District Court for the Southern District of New York, Ripple’s legal team submitted a notice of supplemental authority that alleged the “unreasonableness” of the […]
Binance Cofounder Yi He Warns of Impersonation Scams
Binance co-founder Yi He has warned about a fake account impersonating her. This fake account lead to the loss of 60 Ethereum (ETH). Yi, the cofounder of Binance, has issued a cautionary note regarding a fabricated account impersonating her. This fraudulent account has been linked to a scheme that resulted in the loss of 60 […]
Ripple Lawyers Request “Appropriate” Penalty in SEC Case
The SEC has been pursuing a case against Ripple since Dec. 2020, alleging that the firm used XRP as an unregistered security to raise funds. Following a settlement between the SEC and Terraform Labs, lawyers for blockchain firm Ripple have requested that a court consider an “appropriate” civil sanction in their lawsuit against the United […]
Nigeria Drops Some Charges Against Detained Binance Exec
Nigerian officials have dropped some of the charges against detained Tigran Gambaryan, a family spokesperson announced on June 14. Gambaryan and Binance executive Nadeem Anjarwalla were both exonerated of tax allegations by the Federal Inland Revenue Service (FIRS). Nevertheless, the Economic and Financial Crimes Commission (EFCC) of Nigeria continues to investigate the duo for money […]