This great win of Ripple in its battle against the SEC can be viewed as a reminder that the existing regulatory frameworks may not always fit the unique characteristics of cryptocurrencies and may require modification or refinement. In a significant legal development, US Judge Analisa Torres pronounced the much-awaited Summary …
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The problems with Celsius Network and Mashinsky first surfaced in June of last year when the platform abruptly froze withdrawals, leaving users anxious about the security of their cash. The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Alex Mashinsky, the former CEO of bankrupt crypto …
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LBRY Inc – the firm that’s responsible for developing the LBRY Protocol – announced that it will be closing shop. This comes after it received a final judgment in the case against the US Securities and Exchange Commission (SEC) earlier this week. LBRY lost the case. The judge sided with …
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In their latest filing, Coinbase said that the Secretary of Education exceeded their authority by canceling a large amount of student debt. In their latest filing on Wednesday, July 12, lawyers representing crypto exchange Coinbase said that the recent judgment by the US Supreme Court on student debt cancelation could …
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The much-anticipated approval of a Bitcoin spot ETF in the United States faces a new hurdle as Securities and Exchange Commission (SEC) Chairman Gary Gensler appears to have cast doubt on the role of Coinbase’s surveillance sharing agreement (SSA) in the approval process. During a recent webinar, Gensler was pressed …
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Grayscale, the owner of the world’s largest Bitcoin fund, has grown even more frustrated with the U.S. Securities and Exchange Commission (SEC) after the regulator approved a leveraged Bitcoin futures ETF last month. The firm has taken its complaint to the court, arguing that the approval strengthens its case that …
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According to Grayscale, the only way to eliminate SEC’s unequal treatment of BTC ETPs is “to allow proposed spot bitcoin ETPs like Grayscale’s to begin trading”. One of the leaders in digital currency investing Grayscale Investments LLC has criticized the United States Securities and Exchange Commission (SEC) for approving a …
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While Coinbase executives have engaged in pre-planned and periodic stock sales, other major COIN holders have chosen a different approach. Coinbase Global Inc (NASDAQ: COIN), the publicly listed American crypto exchange has witnessed an astounding surge in its stock price despite facing a lawsuit from the US Securities and Exchange …
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The report acknowledges that physically-backed Bitcoin ETFs offer certain advantages over futures-based funds. In a research report released on Thursday, JPMorgan Chase & Co (NYSE: JPM), one of the leading financial institutions in the world, believes that the approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the United States …
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John Deaton, a pro-XRP lawyer, recently made some statements regarding the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Deaton believes that if Ripple loses to the SEC, no money may be collected for years, and only if Ripple loses on appeal. However, he also …
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The fate of Bitcoin’s price throughout the rest of the year largely lies in the answer to one question: Will a Bitcoin spot ETF be approved in the United States? Joe Carlasare – a commercial litigator supporting Bitcoin – tweeted on Monday that he gives such a product a 30-40% …
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The Gemini founders filed for the first Bitcoin ETF with the US SEC ten years ago, which was rejected for almost the same reason the recent BlackRock and Fidelity products were dismissed. The need for a regulated Bitcoin product, including an Exchange Traded Fund (ETF), is undoubtedly mounting on the …
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