Coinbase CEO blames SEC for no regulatory clarity following FTX issue
Brain Armstrong, the CEO of Coinbase, speaking on the effect the FTX liquidity issue is having on American investors, blames the Securities and exchange commission (SEC) for not providing regulatory guidance. While the cryptocurrency exchange anxiously searches for investors, the FTX liquidity issue continues to worsen. The present issue has caught the attention of regulators […]
SEC Wins Case Against LBRY
In a dispute against a decentralized publishing platform, the U.S. Securities and Exchange Commission (SEC) won. In a victory for the Securities and Exchange Commission, a federal judge ruled on Monday that video-hosting platform LBRY Inc. sold its native token to American investors in an unlicensed manner. This decision could open the door for other, […]
SEC Emphasizes Crypto Enforcement Cases To Legal Experts
Gary Gensler referenced the SEC ‘s actions as instances of how the agency has enforced securities laws to support his position. As part of the “economic realities” of securities regulation, United States Securities and Exchange Commission Chair Gary Gensler mentioned significant enforcement proceedings against crypto businesses. Gensler referenced examples of SEC enforcement against crypto lending […]
SEC Be Inching Closer to Its Defeat in the XRP Lawsuit
Ripple Labs and SEC could be getting closer and closer to a loss. Layton of Forbes says that the SEC realized that it had fallen into its own trap. If the SEC goes to the Supreme Court, it will set a precedent that makes the Howey Test less useful. The US Securities and Exchange Commission […]
SEC Files Legal Memorandum Against Ripple
Following the release of Hinman Speech-related documents to Ripple by the SEC, the latter has moved to file its legal Memorandum in opposition to the Ripple Defendants. The uncontested evidence demonstrates that the defendants participated in unregistered offers and sales of securities, the SEC stated in the memo. Ripple implicitly admits they will lose the […]