House Republicans Push SEC To Repeal ‘disastrous’ SAB 121
The House and Senate Republicans alleged that by issuing SAB 121, the SEC avoided the Administrative Procedure Act’s notice and comment rulemaking procedure. Over 40 U.S. Republicans have urged the Securities and Exchange Commission (SEC) to repeal its “disastrous” rule, Staff Accounting Bulletin (SAB) No. 121. This request follows a bipartisan repeal bill that was […]
Coinbase Appeals SEC’s Denial Of Rulemaking Petition
The crypto exchange is appealing the SEC’s denial of its 2022 rulemaking petition, seeking clear digital asset regulations in court. The ongoing Coinbase vs. SEC lawsuit has intensified in a federal appeals court in Philadelphia, with the leading U.S. crypto exchange contesting the regulator’s refusal to establish new rules for digital assets. This hearing marks another […]
Ripple Moves 200M XRP As US SEC Lawsuit Appeal Rumors Grow
Ripple transfers 200 million XRP, worth $117 million, amid US SEC’s last-minute appeal in ongoing lawsuit, sparking talk of XRP price impact. Ripple recently transferred 200 million XRP, stirring discussions within the crypto community. The transaction, valued at approximately $117 million, coincides with increasing speculation about a potential last-minute appeal by the US SEC in […]
21.co Adds Chainlink Proof of Reserves for Wrapped Bitcoin
21.co, the parent company of 21Shares, uses Chainlink Proof-of-Reserve to make its wrapped Bitcoin more transparent. 21.co plans to utilize Chainlink’s proof of reserves service on the Ethereum and Solana mainnets, per a press announcement dated September 23. The integration aims to make reserves for 21.co’s wrapped Bitcoin, or 21BTC, more transparent. Early in September […]
Celestia Foundation Secures $100m in New Fundraising
Celestia Foundation raised $100 million from Bain Capital Crypto, bringing its total fundraising to $155 million. The non-profit Celestia Foundation, established in Liechtenstein has raised $100 million from prominent venture capital firms focusing on cryptocurrency, headed by Bain Capital Crypto. With the announcement of this funding on September 23, the total money raised for the […]