Coinbase Challenges Sec’s Judgment on Secondary Crypto Sales
Coinbase’s lawyers have asked a U.S. court to revoke a previous judgment by the SEC that labeled secondary crypto sales as security transactions. The exchange cited a case study to support its request. Coinbase, the largest crypto exchange in the U.S., is still locked in a legal battle with the Securities and Exchange Commission (SEC), […]
Pro-XRP Lawyer Challenges SEC’s Claims on Ripple’s ODL Transactions
Pro-XRP lawyer Bill Morgan defends Ripple’s ODL transactions as a legitimate service for money transfers, while the SEC seeks more disclosure from Ripple in the ongoing legal dispute over XRP classification. Ripple’s ODL transactions are a service offered by Ripple, a blockchain company that provides cross-border payment solutions using its native cryptocurrency, XRP. ODL stands […]
LPL Financial to Evaluate Spot Bitcoin ETFs Before Offering Them
LPL Financial, the largest U.S. independent broker-dealer, will conduct a three-month assessment of the spot Bitcoin ETF market before allowing its advisers to invest in them. The San Diego-based firm plans to conduct a thorough three-month assessment of the newly approved funds before deciding which ones to offer to its advisers. The firm’s executive vice […]
SEC Drops Lawsuit Against Crypto Firm DEBT Box Amid Criticism
The SEC has withdrawn its lawsuit against DEBT Box, a crypto firm accused of selling unregistered securities and defrauding investors. The decision marks a major setback for the SEC in its crypto enforcement actions and has sparked backlash from the legal and crypto communities. The United States Securities and Exchange Commission (SEC) has withdrawn its […]
Vaneck Updates Spot Bitcoin ETF Filing with “Hodl” Ticker
VanEck has submitted an updated spot Bitcoin ETF filing with the SEC, listing the ETF with the ticker HODL. The firm expects an approval by January 2022. VanEck, an ETF and mutual fund manager, has announced a significant update to its spot Bitcoin exchange-traded fund (ETF) filing with the U.S. Securities and Exchange Commission (SEC). […]