SEC’s Enforcement Division to Close Ethereum Investigation
The United States Securities and Exchange Commission (SEC) is dropping its investigation into whether Ether is a security. The Securities and Exchange Commission (SEC) of the United States has discontinued its inquiry into the status of Ether as a security. Ethereum developer Consensys announced in a June 19 X post that the Enforcement Division of the […]
Tron Seeks Dismissal of SEC Suit, Asserts Lack of Jurisdiction
Tron seeks dismissal of the SEC’s lawsuit, stating “foreign digital asset offerings to foreign purchasers on global platforms.” The entity responsible for the layer-1 blockchain Tron has petitioned a federal court in New York to discharge a lawsuit filed against it by the United States Securities and Exchange Commission. The defendants claim that the SEC […]
CFTC Chair Contradicts SEC on Prometheum’s Ethereum Custody
Concerns have been raised by CFTC Chairman Robert Behnam regarding Prometheum’s request to the SEC for the custody of Ethereum as security. Contrary to the Securities and Exchange Commission (SEC), the chief of the commodities regulator has disputed Prometheum’s Ethereum (ETH) assertions. Permitting one of its registered firms to hold Ethereum in custody, he cautioned, […]
Ripple XRP Lawsuit: SEC Legal Battle May Extend to 2026
The legal dispute between Ripple and SEC over XRP may continue through 2026 due to the complexity of the proceedings and appeals. The probable occurrence of appeals will likely prolong the ongoing legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the entity responsible for the XRP cryptocurrency, until 2026. Many […]
Nigeria Urged to Regulate Crypto For Financial Crime Prevention
According to Adedeji Owonibi, Co-founder of A&D Forensics Highlights Unmonitored Practices in Nigeria’s Crypto Space Due to Regulatory Gaps. To combat financial crimes, particularly money laundering, the Nigerian government would need to regulate cryptocurrency activities, according to Adedeji Owonibi, co-founder of A&D Forensics, a provider of blockchain intelligence services in Nigeria. On February 9, during […]