Key Insights: Crypto.com sues SEC, claiming regulatory overreach threatens crypto innovation. SEC faces growing legal challenges from Crypto.com, Coinbase, and industry groups. Crypto lawsuit could reshape U.S. crypto regulation, clarifying industry guidelines….
Category: Regulation
Rari Capital Settles SEC Charges as Ex-Official Criticizes Crypto Regulation
Key Insights: An ex-SEC official blasts the agency’s enforcement focus amid Rari Capital’s recent settlement charges. Rari Capital faced SEC charges over unregistered activities and misleading investors about autonomous management. SEC’s “whack-a-mole”…
SEC Chair Gary Gensler Faces Criticism Over Crypto Airdrop Securities Issue
Key Insights: U.S. lawmakers question SEC’s use of the Howey Test for free crypto airdrop distributions. Emmer and McHenry argue SEC’s stance on airdrops stifles blockchain innovation and decentralization. Lawmakers compare crypto…
Nigerian SEC Grants Approval in Principle to Two Crypto Exchanges
Key Insights: Nigerian SEC grants AIP to Busha and Quidax, the first crypto exchanges approved under the Accelerated Regulatory Incubation Program. Nigerian SEC’s new regulatory programs aim to create a robust framework…
Ripple Attorney Questions SEC’s Crypto Scam Alert on X Platform
Key Insights: XRP lawyer Fred Rispoli questions SEC’s crypto scam warnings, accusing the agency of misleading investors through ambiguous regulation. Legal actions against major crypto firms like Binance and OpenSea fuel ongoing…
UK Dumps $19,000 Worth of Monero Tokens Seized From a Drug Dealer
The United Kingdom Crime Cyber Crime Unit has revealed dumping over $19,000 in Monero tokens seized from British national Jack Finney, convicted of selling harmful loss pills. Monero, a well-privacy digital currency…
U.S. Department of State Raises Bounty on ‘Cryptoqueen’ Ruja Ignatova to $5M
Despite several reports of Ruja Ignatova’s death, the United States Department of State has said her case is not closed yet. On Wednesday, the agency announced that it had raised the bounty…
Gemini Earn Customers to Receive Over $2 Billion Worth of Crypto Back
Crypto exchange Gemini confirmed via a Wednesday, May 29 update that it will payout crypto to the Gemini Earn lending customers valued over $2 billion. The New York-headquartered crypto platform Gemini revealed…
Glassnode Analyst Predicts Bitcoin Cycle the ‘Last Gasp’ for Altcoins
Glassnode lead expert predicts that the millennials who became rich with Bitcoin cannot gamble their fortunes on altcoins. Glassnode analyst indicated that the days of memecoins realizing big money appeared to hit…
QCP Capital Downplays MT. Gox Sell-Off, Optimistic of Bitcoin Bull Run
QCP Capital refuted claims of Mt.Gox sell-off, instead predicting that the Bitcoin bull run is imminent, with multiple factors likely boosting crypto markets. A Wednesday, May 28 publication by trading firm QCP…
Bernstein Predicts Spot Ether ETF Approval Lifts Odds for Solana Classification as Commodity
Bernstein predicts that the spot Ether ETF approval by the US SEC is lifting expectations for Solana earning commodity status. Bernstein’s Tuesday, May 21 report indicated that the spot Ether ETF approval…