SEC and Ripple General Counsel Continues Legal Battle
Stuart Alderoty, general counsel of Ripple, stated to a news correspondent “First Mover” that he sees “the beginning of the end” because the SEC’s case has failed after two years of litigation. The legal conflict involving the U.S. If a federal judge rules that the cryptocurrency startup did not break federal securities laws, the Securities […]
SEC: US Banks to Reconsider Custody Projects
The SEC says that lenders should treat customers’ crypto assets as liabilities, which could be “too expensive” for banks. People who know about the situation told Reuters that the U.S. SEC advice on how banks should handle their customers’ digital assets is causing problems for the banks’ crypto projects. In March, the SEC said that […]
SEC: We Can’t Continue To Overlook Crypto Law Violations
Gurbir Grewal, who is in charge of enforcement, defended the SEC against claims that it kills new ideas. Gurbir Grewal is in charge of getting things done at the U.S. SEC, said that his agency can’t turn a blind eye to the fact that the cryptocurrency industry is breaking securities laws. Grewal said at a […]
SEC will keep taking enforcement actions against crypto – Gurbir Grewal
The SEC enforcement director Gurbir Grewal said the commission will continue to bring enforcement actions against all firms, directly and indirectly, involved with cryptocurrencies. Despite claims that it is “picking winners and losers” and “stifling innovation,” Gurbir Grewal, the enforcement director for the United States Securities and Exchange Commission, said the financial agency will keep […]
Brazilian SEC wants to alter how it regulates cryptocurrencies
The Brazilian agency claimed that after previously refusing to regulate the area, it now intends to work on the concept of virtual assets. According to reports, the Brazilian Securities and Exchange Commission is working to reform the nation’s legislative system to better regulate cryptocurrencies. One big issue, according to the local media, is that the […]